note: the pre-determined overhead rate is 0.77 (77%) of direct labor cost. required: prepare a cost of goods manufactured report. prepare a partial income statement if sales revenue was $1,270,000 and operating expenses were $220,000 for the current year.
Answers
The company has a net income of $29,000 for the current year. It is important to note that this is a partial income statement, and there may be other expenses that need to be included to get a full picture of the company's financial performance.
To prepare a cost of goods manufactured report, we need to gather information about the costs incurred in the production process. Based on the information given, the predetermined overhead rate is 0.77 of direct labor cost, which means that for every dollar spent on direct labor, there will be an additional 77 cents spent on overhead costs. Let's assume that the company has the following costs for the current year: Direct materials: $500,000, Direct labor: $300,000, Manufacturing overhead: $231,000 (0.77 x $300,000).
To calculate the cost of goods manufactured, we need to add up these costs: Beginning work in process inventory: $50,000, Direct materials used: $500,000, Direct labor: $300,000, Manufacturing overhead: $231,000, Totalmanufacturing costs: $1,081,000, Ending work in process inventory: $60,000, Cost of goods manufactured: $1,021,000
To prepare a partial income statement, we need to use the information about sales revenue and operating expenses. Let's assume that the sales revenue for the current year is $1,270,000 and the operating expenses are $220,000.Revenue: $1,270,000, Cost of goods sold: $1,021,000, Gross profit: $249,000, Operating expenses: $220,000, Net income: $29,000.
Based on this information, the company has a net income of $29,000 for the current year. It is important to note that this is a partial income statement, and there may be other expenses that need to be included to get a full picture of the company's financial performance.
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Related Questions
Problem 15-33 (Algorithmic) Kolkmeyer Manufacturing Company is considering adding two machines to its manufacturing operation. This addition will bring the number of machines to ten. The president of Kolkmeyer asked for a study of the need to add a second employee to the repalr operation. The arrival rate is 0.07 machines per hour for each machine, and the service rate for each individual assigned to the repair operation is 0.6 machines per hour. a. Compute the operating characteristics if the company retains the single-employee repair operation. If required, round your answers to four decimal places. P 0 = t 2 = L= W G = hours W= haurs
Answers
the operational parameters for Kolkmeyer Manufacturing Company's single-employee repair operation: P0: The likelihood that there are no machines waiting to be repaired. t2: The typical length of time a machine waits to be repaired. L: The typical number of machines waiting to be repaired.
WG: The average amount of time (including both queue and service time) that a machine spends in the system.W: The amount of time on average that a machine waits in queue before being serviced. Using the M/M/1 queuing system formulas: P0 is equal to 1 minus (/), where / is the service rate and / is the arrival rate. t2 = P0 / (μ * (1 - P0)) L = λ * t2 WG = t2 + (1/μ) W = λ * WG Given: Arrival Each machine is clocked at a rate of () = 0.07 machines per hour. 0.6 machines per hour is the service rate. The arrival rate changes to 0.07 * 10 = 0.7 machines per hour due to the presence of ten machines. When these values are entered into the formulas: P0 = 1 - (0.7 / 0.6) ≈ 0.1667 t2 = 0.1667 / (0.6 * (1 - 0.1667)) ≈ 0.2381 L = 0.7 * 0.2381 ≈ 0.1667 WG = 0.2381 + (1 / 0.6) ≈ 2.9056 W = 0.7 * 2.9056 ≈ 2.0339 As a result, the single-employee repair operation's operational characteristics are as follows: P0 = 0.1667; t2 = 0.2381 0.1667 machines for L 2.9056 WG hours
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describe the student's role with the employer and how that role is directly relatd to enhancing the students knowledge obtained through her stem degree
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The student's role with the employer can vary depending on the nature of the employment, The student's role with the employer is to contribute to the organization's objectives while gaining practical experience.
This can involve completing tasks related to research, development, or production of products or services, as well as collaborating with colleagues and supervisors.
Through this employment, the student can enhance her knowledge obtained through her STEM (Science, Technology, Engineering, and Mathematics) degree in several ways. Firstly, by working on real-world projects, the student can apply the theoretical concepts she learned in her courses and gain practical experience in her field. This can deepen her understanding of how the concepts and theories apply in practice and expose her to new technologies, techniques, and methods.
Secondly, the student can learn from her colleagues and supervisors, who may have more experience and expertise in the field. This can help the student gain new insights and perspectives, and learn about the latest trends and developments in the field. The student can also benefit from mentorship and guidance from her employer, who can help her identify areas of strength and weakness and provide feedback on her work.
Finally, the student can develop skills such as problem-solving, critical thinking, communication, teamwork, and time management through her employment. These skills are essential in the STEM field and can enhance the student's career prospects after graduation.
In summary, the student's role with the employer is to gain practical experience in her field of study while contributing to the organization's objectives. This employment can directly enhance the student's knowledge obtained through her STEM degree by allowing her to apply theoretical concepts in practice, learn from colleagues and supervisors, and develop essential skills.
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Warehouse activities can be organized into three basic functions: A. storage, shipping, and restocking.
B. sorting, allocating, and movement.
C. production, assembly, and storage.
D. receiving, storing, and movement.
E. storage, movement, and production.
Answers
Warehouse activities can be organized into three basic functions: receiving, storing, and movement. Option D is correct.
Warehouse activities are generally organized into three basic functions: receiving, storing, and movement. Receiving involves the receipt and inspection of incoming products or materials, while storing involves the proper storage and organization of the items in the warehouse. Movement refers to the transportation of items within the warehouse, such as moving products from the receiving area to storage or from storage to the shipping area. By organizing warehouse activities in this way, businesses can optimize their operations and ensure that products and materials are managed efficiently and effectively.
Receiving: This function involves the receipt and inspection of incoming products or materials. The goal of the receiving process is to ensure that the right items are received in the right quantities and in good condition. This involves verifying the accuracy of the shipment against purchase orders, checking for damage or defects, and recording receipt information in the inventory management system. Storing: This function involves the proper storage and organization of items in the warehouse. The goal of the storing process is to ensure that items are stored in a manner that maximizes space utilization, minimizes damage or spoilage, and makes items easy to find and access when needed.
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Sally jones had a policy with a $250 deductible which paid 80% of her covered charges less deductible. She had medical expenses of $18,240. 0. What is the 20% co-payment?.
Answers
Consequently, we will subtract $250 from $18,240. You left with 17,290, therefore we may subtract 80% of $17,090 to get 14,392, bringing the total cost of Sally's expenses to $14,392.
Explain what expenses are.Expenses are simply another word for cost. Expenses are the term used in accounting to describe the operational costs incurred to produce business revenues. In this statement, the idea of exchanging money for products or services is alluded to. The total cost of all actions that typically incur expenditures may also be referred to as expenses.
What exactly does an accounting cost mean?Costs are the costs incurred by a business to operate. Rent, depreciation, salaries, taxes, and administrative fees are a few examples of expenses. Profit is calculated as revenue less expenses.
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how do i spell chicken strips?
Answers
Answer:
chicken strips
Explanation:
yes
match the type of retail store location with its correct description. central business district central business district drop zone empty. regional shopping center regional shopping center drop zone empty. community shopping center community shopping center drop zone empty. strip mall strip mall drop zone empty. power center power center drop zone empty. clusters of stores located in neighborhoods to serve people who are within a 5- to 10-minute drive serve customers who are within a 10- to-20-minute drive; contain one primary store and 20 to 40 smaller outlets huge shopping strip with multiple anchor stores and a supermarket the oldest type of retail setting; a community's downtown area large shopping areas of 50 to 150 stores that contain two or three anchor stores
Answers
A power center consists of a huge shopping strip with multiple anchor stores and a supermarket.
The terms "power center" and "big-box center" refer to shopping centers with an average gross leasable area of 250,000 to 600,000 square feet (23,000 to 56,000 m2), three or more big box anchor tenants, and a variety of smaller retailers. The anchor tenants typically occupy 75–90% of the center’s space.
As the first power center in history, 280 Metro Centre in Colman, California is credited.
Merritt Sher, a local real estate developer, opened the 280 Metro Centre in 1986 as an outdoor strip mall with big-box retailers and category killers as its main tenants.
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The organization achieves economies of scale because units like customer service, shipping, and legal that serve the entire organization are relatively large.
Answers
The organizational structure mentioned in the statement is a functional structure. In a functional structure, the organization is divided into departments based on their functions or areas of expertise, such as customer service, shipping, and legal.
Each department has a clear hierarchy and is responsible for a specific set of tasks. The departments may be organized by product, geography, or customer segment.Functional structures are known for their efficiency and specialization. By grouping similar functions together, the organization can achieve economies of scale, as mentioned in the statement.
However, functional structures can sometimes lead to silos and slow decision-making across departments. They may also be less flexible and adaptable to changing environments. As a result, some organizations may choose to adopt other structures, such as matrix, divisional, or network structures, depending on their needs and goals.
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Complete Question : The organization achieves economies of scale because units like customer service, shipping, and legal that serve the entire organization are relatively large. Which organizational structure has been mentioned in the given statement ?
A business analyzes what competitors are charging for products.
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When a business analyzes what the competitors are charging for their products, it is known as the process of marketing info management.
What is the significance of business competitors?A business competitor can be referred to or considered as an organization that deals in the same product that is offered for sale by other enterprises in the same market.
It is important for a business to keep an eye on the acts of its competitors, as it helps them in keeping themselves updated with marketing info management.
Therefore, the significance regarding the business competitors has been aforementioned.
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Using the accounting equation (A = L + OE) calculate the amount of equity the company has if your assets are worth $10,000 total, while your debt is $5,000.
Answers
Answer:
$5,000
Explanation:
The Equation (A = L + OE) is the accounting equation that guides in preparing a balance sheet. The equation in full is
Assets = Liabilities + Owners Equity.
In this case
Assets = $10,000 , liabilities = $5,000, equity = ?
$10,000 = $5000 + Equity
Equity = $10,000 - $5,000
Equity = $5,000
Metro, Inc. Sells backpacks. The Company's accountant is preparing the purchases budget for the first quarter operations. Metro maintains ending inventory at 20% of the following month's expected cost of goods sold. Expected cost of goods sold for April is $70,000. All purchases are made on account with 25% of accounts paid in the month of purchase and the remaining 75% paid in the month following the month of purchase. Sales January February March Budgeted cost of goods sold $ 40,000 $ 50,000 $ 60,000 Plus: Desired ending inventory 10,000 Inventory needed 50,000 Less: Beginning inventory (8,000 ) Required purchases $ 42,000 Based on this information the total cash paid in March to settle accounts payable is
Answers
The total cash paid in March to settle accounts payable is $10,500 + $11,250 = $21,750.
To calculate the total cash paid in March to settle accounts payable, we need to consider the purchases made in February and March.
In February, the purchases were $42,000 * 25% = $10,500. This amount is paid in the month of purchase, so there is no outstanding payment for February purchases in March.
In March, the purchases were $60,000 * 25% = $15,000. Since 75% of accounts are paid in the month following the month of purchase, we need to calculate 75% of March purchases that are paid in March. 75% of $15,000 = $11,250.,the total cash paid in March to settle accounts payable is $10,500 + $11,250 = $21,750.
The purchases budget is prepared to estimate the amount of inventory that needs to be purchased during a specific period. It takes into account the expected cost of goods sold and the desired ending inventory. In this case, the expected cost of goods sold for April is given as $70,000. By subtracting the beginning inventory and adding the desired ending inventory, the required purchases for the first quarter are calculated.
The payment terms for the purchases are also considered in the budget. It is stated that 25% of accounts are paid in the month of purchase and the remaining 75% is paid in the following month. This means that a portion of the purchases made in February is paid in February itself, while the remaining portion is paid in March. Similarly, a portion of the purchases made in March is paid in March.
To determine the total cash paid in March to settle accounts payable, we need to calculate the amount of purchases that are paid in March. This includes the 25% of March purchases that are paid in March itself and the outstanding payment for the remaining 75% of February purchases. By adding these two amounts, we can find the total cash paid in March. In this case, the total cash paid in March to settle accounts payable is $21,750.
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The balanced scorecard approach involves considering all of the following, except:
a. The customer perspective
b. Employee satisfaction
c. The efficiency of internal business processes
d. An innovation and learning perspective
Answers
The balanced scorecard approach involves considering all of the following, except: b. Employee satisfaction.
Employee satisfaction refers to the level of contentment and fulfillment that employees feel in their jobs and with their work environment. It is an important aspect of organizational culture and can have a significant impact on employee engagement, retention, and productivity. When employees are satisfied, they are more likely to feel motivated, committed, and loyal to their organization. They are also more likely to be productive and to provide high-quality work. In contrast, when employees are dissatisfied, they may be less motivated, less committed, and less productive, and may even leave the organization. There are many factors that can contribute to employee satisfaction, including job security, compensation and benefits, opportunities for advancement and growth, work-life balance, job autonomy, and a positive work environment.
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An approach to analyzing the life cycle of an item, beginning with the raw materials from which it is made to its ultimate disposal, is called the _____ approach.
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The Cradle-to-Grave approach refers to the method of analysis of the life cycle of an item beginning with how its raw materials are sourced to when it is used and then disposed of. It is used to examine the natural effects associated with the phase of life of a product.
The phases are:
Raw materials acquisitionprocessing of the raw materialsmanufacturingdisseminationusagemaintenancerepairsellingreusingjunkingWhy is the Cradle-to-Grave principle important?
It is essential for determining whether the end product of a good or item can be recycled. It is also used for projecting what the environmental impact of a product might be.
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Which best diagrams the correct obstacle to the example?
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economic trade this is your answer hope it's helpful to you
Economic Trade is the answer.
1. Trade or business expenses are only deductible if they are : A) Necessary and ordinary
B) Reasonable in amount
C) Not capital in nature
D) Only a and b E) All of the above
Answers
Trade or business expenses are only deductible if they are necessary and ordinary, reasonable in amount, and not capital in nature.
To be deductible, trade or business expenses must meet certain criteria. Firstly, they must be necessary and ordinary, meaning they are commonly accepted and appropriate for the type of business conducted. The expense should be directly related to the business operations and considered essential in carrying out the trade. Secondly, the expenses should be reasonable in amount, taking into account the nature and size of the business.
Excessive or extravagant expenses may be disallowed. Lastly, the expenses should not be capital in nature. Capital expenses are those that create a long-term benefit or add value to an asset, such as purchasing equipment or property. These types of expenses are generally not fully deductible in the year incurred but are capitalized and depreciated over time. In summary, for trade or business expenses to be deductible, they must meet the requirements of being necessary and ordinary, reasonable in amount, and not capital in nature.
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when using return on assets to evaluate a subunit's performance, the best measure of assets to use would be:
Answers
When using Return on Assets to evaluate a subunit's performance, the best measure of assets to use would be book value. The right answer is c.
When calculating book value, businesses net an asset's cost of ownership against the asset's total cumulative depreciation. Book value is the cost of holding an item on a company's balance sheet. The net difference between a firm's entire assets and liabilities is the book value of that company.
Book value represents the total worth of a company's assets that shareholders would get if the business were to be liquidated. The book value of an asset is the same as its carrying value on the balance sheet. A company's or asset's book value is frequently less than its market value.
The correct answer is option c.
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The question seems incomplete. The complete question is:
When using Return on Assets to evaluate a subunit's performance, the best measure of assets to use would be: Group of answer choices
replacement cost
conservative sales value
book value
original cost
what formula for determining the gross rent multiplier
a sale price minus the annual rent
b annual rent divided by the monthly rent
c sale price divided by monthly rent
d sale price divided by annual
Answers
The formula for determining the gross rent multiplier (GRM) is option c, which is the sale price divided by the monthly rent.
The GRM is a ratio that helps real estate investors determine the value of a property based on its rental income. To calculate the GRM, you take the sale price of the property and divide it by the monthly rental income. For example, if a property sells for $500,000 and brings in $5,000 per month in rent, the GRM would be 100 ($500,000 ÷ $5,000). The lower the GRM, the better the investment opportunity, as it means the property generates more rental income compared to its sale price. The GRM can vary depending on location, property type, and other factors, so it's important to research and compare GRMs when evaluating real estate investment opportunities.
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What are the board directors in charge of
Answers
Answer:
The board of directors is elected to represent shareholders' interests
Explanation:
Every public company must have a board of directors composed of members from both inside and outside the company. The board makes decisions concerning the hiring and firing of personnel, dividend policies and payouts, and executive compensation. hope this helps you :)
What is a difference between a grant and a scholarship? A. A grant needs to be repaid, while a scholarship does not. B. A grant is need based, while a scholarship is based on merit. C. A grant only covers education expenses. D. A grant does not need to be paid back.
Answers
Answer: the answer is B
Explanation: grants are based calmly free money to help you. Scholarships are awarded to you for being good at something such as a sport or having really good grades or both.
The difference between a grant and a scholarship is that a grant is need-based, while a scholarship is based on merit. Thus, option B is correct.
What is a scholarship?A scholarship is an amount that is generally given to students to help them with the number of their education fees, it can be given to various students.
A Grant is when a person is given the amount to help students and financially aid them.
The main difference between the Grant and a scholarship is that the grant is given to the people who do not have enough money to get the desired or required amount whereas in a scholarship the amount to the students is given on the basis of merit basis that is how good you are in the study and how much can you score. Therefore, option B is the correct option.
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which analytics property type belongs with each description? match each item with the correct answer. uses a session-based data model analytics 4 properties uses a flexible event-based data model universal analytics properties limited cross-device and cross-platform reporting analytics 4 properties full cross-device and cross-platform reporting analytics 4 properties limited automation universal analytics properties machine learning throughout to improve and simplify insight discovery
Answers
Analytics properties have different features that can help businesses discover insights into their website or app performance. Universal analytics properties have more features and more advanced machine learning capabilities than analytics 4 properties.
Analytics 4 properties use a session-based data model, Universal analytics properties use a flexible event-based data model, and Analytics 4 properties provide limited cross-device and cross-platform reporting. Meanwhile, analytics 4 properties and Universal analytics properties provide full cross-device and cross-platform reporting, but analytics 4 properties have limited automation while Universal analytics properties have machine learning throughout to improve and simplify insight discovery. Analytics 4 properties use a session-based data model that uses events to record user interaction on websites and apps. Universal analytics properties use a flexible event-based data model that allows you to use custom dimensions and metrics to obtain greater insights into the performance of your website or app. Analytics 4 properties provide limited cross-device and cross-platform reporting, whereas Analytics 4 properties and Universal analytics properties offer full cross-device and cross-platform reporting.Analytics 4 properties have limited automation, while Universal analytics properties have machine learning throughout to improve and simplify insight discovery. Machine learning can help you discover insights that you would not be able to find using other methods.For more questions on Analytics
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Imagine you are a health care professional presenting an argument about the effort to strike a balance between cost-effectiveness as it relates to treatment and quality of care. Make an effective argument for one side or the other, using examples from scholarly sources
Answers
Answer:
Throughout the clarification section below the overview according to the situation given is summarized.
Explanation:
Those who understand the argument that it would be very crucial for healthcare institutions to find an appropriate equilibrium regarding cost savings in terms of treatment versus the outcome of education, although medical professionals could only be able to continue giving help regarding health so many of the community fairly if they can accomplish the goal of economic feasibility alone.Cost productivity, as well as the level of the product, have such a negative correlation with something which means that the expenditure would naturally decrease with either the improvement in the standard of treatment, consequently allowing the industry premium and yet at the same moment successful in performance.However, in the forthcoming development, insurance reveals greater interest about what kinds of expenditures or improvements are somewhat more successful in improving and encouraging the level of efficiency of healthcare organizations or what kinds of interventions as well as expenditures resulting throughout the bottom of the distribution or diversion.
true or false: if older people consume the same market basket as other people, then social security would provide a decrease in their standard of living.
Answers
Indeed, older people's level of living would decline if they consumed the same market basket as other consumers, according to social security.
He said, "By definition, consumers encompass all of us." The idea for World Consumer Rights Day, which is now celebrated on March 15, was inspired by this lecture. John Fitzgerald Kennedy emphasised in his speech that it is the government's fundamental responsibility to assist consumers in exercising their rights, including: the right to safety from being protected against the promotion of goods that are detrimental to health or life. The right to information The protection against false, deceptive, or obviously misleading information, labelling, or other practises, as well as the right to receive the information needed to make an informed choice. the power to make decisions To guarantee accessibility whenever possible.
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the correct way to implement a sensitivity analysis for the second coefficient of the objective function is to vary the second coefficient and the next one at the same time (eg.: coefficient #2 and #3). O True False
Answers
The statement "the correct way to implement a sensitivity analysis for the second coefficient of the objective function is to vary the second coefficient and the next one at the same time is False. because There are various ways of implementing sensitivity analysis.
Sensitivity analysis is used to measure the robustness of a solution or an algorithm. The goal is to understand the sensitivity of the outputs of the model to its inputs. Sensitivity analysis provides insight into the behavior of a model and how it is affected by changes in the input.
The correct way of implementing a sensitivity analysis for the second coefficient of the objective function depends on the objective of the sensitivity analysis. If we are interested in the sensitivity of the objective function with respect to the second coefficient only, then we should vary only the second coefficient and keep all other coefficients fixed.
This is known as one-at-a-time (OAT) sensitivity analysis.On the other hand, if we are interested in the sensitivity of the objective function with respect to multiple coefficients simultaneously, then we can use the multivariate sensitivity analysis. In this approach, we vary multiple coefficients at the same time and observe the changes in the objective function.
However, varying the second coefficient and the next one (coefficient #2 and #3) simultaneously is not a standard way of implementing sensitivity analysis. It is not clear what insight this approach provides. If we vary two coefficients at the same time, it becomes difficult to isolate the effect of each coefficient on the objective function. Therefore, it is not recommended to vary two coefficients simultaneously while performing sensitivity analysis.
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One of the best methods for understanding a company's policies and procedures is
asking coworkers questions.
doing what you think is best.
checking in with a supervisor.
emailing the company president
Answers
Answer:c
Explanation:
for edg 2020 exam
For understanding company's policies and procedures, the best method is to check with the supervisor. Option (c) is correct.
What are Policies?A purposeful set of rules designed to direct behavior and produce logical results is called a policy. A policy is a declaration of intent that is carried out through a method or protocol. Typically, a governance board inside a company adopts.
Workplace efficiency is improved through company rules and practices. They guarantee consistency, equity, and adherence to US labor regulations. Additionally, policies inform your staff of what is and is not tolerated. Additionally, they enhance the workplace environment for all employees by reflecting the values of your business.
Therefore Option (c) is correct. The best methods for understanding a company's policies and procedures is checking in with a supervisor.
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True or false: "follow up" is important in economic
decision making? Explain
Answers
follow up is crucial in economic decision making as it allows for evaluation, feedback, adjustment, and learning from past decisions. This iterative process enhances decision-making effectiveness and contributes to economic success.
True. "Follow up" is important in economic decision making. It involves reviewing and evaluating the outcomes of decisions made to determine their effectiveness and make adjustments if necessary. Here are the reasons why follow up is important in economic decision making:
1. Evaluation: Following up allows for the evaluation of the decision's impact on the economy. It helps determine whether the decision achieved the desired outcomes, such as increased efficiency or profitability.
2. Feedback: It provides valuable feedback on the decision-making process. By analyzing the results, decision-makers can identify strengths and weaknesses, enabling them to refine their decision-making strategies.
3. Adjustment: Follow up enables adjustments to be made if the decision is not producing the desired results. This flexibility allows decision-makers to modify their approach and make informed changes to achieve better outcomes.
4. Learning: It facilitates learning from past decisions. By reviewing the outcomes, decision-makers can learn from mistakes and successes, applying this knowledge to future economic decision making.
For example, a company may implement a cost-cutting decision to improve profitability. By following up and evaluating the decision, the company can determine if it effectively reduced costs without compromising quality or customer satisfaction.
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ayuda pleacer pleacer para hoyyyy
Answers
Answer:
Coati o Mapache mexicano
Tecolote
Lobo mexicano
Vaquita marina
Perrito de la pradera mexicano (Cynomys mexicanus)
Amazona o lobo de cabeza amarilla
Ajolote
Tortuga marina
Ocelote
Quetzal
PLANTAS:
Nochebuena
Cempasúchil
Zapatilla de Venus
Magnolia pacífica
Peyote
Peyotillo
Nopal Cardon
Dalia
Agave
Biznaga
Espero haberte ayudado :)
PLEASE HELP QUICK!!!
Which of the following is an advantage of buying your home over renting?
(1 point)
O You do not have to worry about the housing market in your area.
O The amount you pay each month is set by the terms of your mortgage.
O If something breaks, you have to fix it or pay to have it fixed.
O Your mortgage payments will far exceed the value of your home.
Answers
Answer:
The amount you pay each month is set by the terms of your mortgage.
Explanation:
connexus
The relationships between demand and supply of the Olympios Dollar and the exchange rate with the Terranian Credit are given by the following functions: E=8.75-0.03Ds
E=0.025$-3.50
where: E = Exchange rate: - price of Olympios dollar
(Terranian credits/Olympios dollars
Ds = index of demand for Olympios dollar Ss index of supply of Olympios dollar.
Determine the exchange rate that would prevail under a clean float
ii) Explain what this exchange rate would mean for the balance of payments of Olympios
b) The government of Olympios elects instead to fix the exchange rate with the Terranian credit at E=1 5 credits per dollar.
i) Describe what actions the central bank will need to take in the short run to maintain this exchange rate, and the state of the balance of payments. ii) Explain what measures would be required if the government wishes to maintain this exchange rate in the long run
Answers
a) i) Thus, the exchange rate that would prevail under a clean float would be -3.5 Terranian Credits per Olympios Dollar. ii)This implies that the balance of payments of Olympios would be in deficit because the country would be importing more than it is exporting. b) i) This means that in the short run, the balance of payments of Olympios will improve because the country will be exporting more than it is importing. ii) This will reduce the demand for Terranian Credit and maintain the exchange rate at 1.5 Terranian Credits per Dollar.
a) i) Clean Float refers to the floating exchange rate system where the exchange rate between two currencies is determined purely by the market forces of demand and supply.
Thus, under a clean float, the exchange rate that would prevail would be determined by the interaction of the demand and supply of the
Olympios Dollar (E=8.75-0.03Ds; E=0.025$-3.50).
To determine the exchange rate, we equate the demand and supply of the Olympios Dollar to obtain:
8.75-0.03Ds = 0.025$-3.50 0.03Ds = 12.25$ Ds = 408.33$
The exchange rate that would prevail under a clean float would be:
E = 8.75 - 0.03(408.33) = 8.75 - 12.25 = -3.5 Terranian Credits per Olympios Dollar
Thus, the exchange rate that would prevail under a clean float would be -3.5 Terranian Credits per Olympios Dollar.
ii) If this exchange rate prevailed, it would mean that the Olympios Dollar would be weaker than the Terranian Credit, which would imply that the demand for Terranian Credit is higher than the demand for the Olympios Dollar. This implies that the balance of payments of Olympios would be in deficit because the country would be importing more than it is exporting.
b) i) If the government of Olympios elects instead to fix the exchange rate with the Terranian Credit at E = 1.5 Terranian Credits per Dollar, the Central Bank will need to take actions in the short run to maintain this exchange rate. The Central Bank will have to sell Terranian Credit from its foreign exchange reserves and buy Olympios Dollar in the foreign exchange market to maintain the exchange rate at 1.5 Terranian Credits per Dollar. This will increase the supply of Terranian Credit in the foreign exchange market, thereby putting downward pressure on the exchange rate of Terranian Credit. On the other hand, it will increase the demand for Olympios Dollar, thereby putting upward pressure on the exchange rate of Olympios Dollar. This means that in the short run, the balance of payments of Olympios will improve because the country will be exporting more than it is importing.
ii) If the government wishes to maintain this exchange rate in the long run, it will have to undertake certain measures. One measure would be to increase the production of export goods so that the country can export more. This will increase the demand for Olympios Dollar and maintain the exchange rate at 1.5 Terranian Credits per Dollar. Another measure would be to reduce the production of import goods so that the country can import less. This will reduce the demand for Terranian Credit and maintain the exchange rate at 1.5 Terranian Credits per Dollar.
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20. One way the federal government can control inflation is to increase
A) the money supply.
B) public spending.
C) the tax rate.
D) bank regulation
Answers
One way the federal government can control inflation is to increase public spending.
Therefore, Option B is the correct option.
What is Inflation?In the field of economics, inflation is the broad term for a rise in the cost of goods and services across an economy. Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money.
In conclusion, inflation is the term used to describe a long-term, widespread increase in the cost of goods and services throughout the economy, which reduces both consumer and company purchasing power. In other words, a dollar (or whatever currency you choose to pay with) will not buy as much today as it did yesterday.
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1. The apartment was so cool, but there is no bus stop within miles and I don't have a car. Rent
Not rent
2. The renting agent says I have to rent for at least one year. But I'm not sure how many months I'll be in town.
Rent
Not rent
3. I'm not sure how many months I'll be in town. The renting agent says I can leave with 30 days notice.
Rent
Not rent
4. It fits my budget, and I can get to school and work easily.
Rent
Not rent
5. The apartment is great! Bigger bath than I have at home. Close to work! Rent is reasonable! On the "down side," I like cranking my tunes, but the walls are thin and this apartment is loaded with retirees. Plus, they don't allow pets, and I'm thinking about getting a pet boa constrictor.
Rent
Not rent
6. I did my homework on the landlord and found out he has a lot of complaints against him from former renters. He never repairs problems in apartments and never gives deposits back without a fight.
Answers
The apartment was so cool, but there is no bus stop within miles and I don't have a car. This was the based on the not rent. Thus, option (b) is correct.
The renting agent says I have to rent for at least one year. But I'm not sure how many months I'll be in town. This was the based on the rent. Thus, option (a) is correct.
I'm not sure how many months I'll be in town. The renting agent says I can leave with 30 days notice. This was the based on the rent. Thus, option (a) is correct.
What is rent?The term rent refers to the based on the deal with the landlord and tenant's. The landlord was the received the payment on the behalf of the give the property was the used.
It fits my budget, and I can get to school and work easily. This was the based on the rent.
The apartment is great! A bigger bath than I have at home. This was the based on the rent.
I did my homework on the landlord and found out he has a lot of complaints against him from former renters. This was the based on the not rent.
As a result, the significance of the sentence are rent or not rent are the aforementioned.
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why are intermediate products excluded from the macroeconomic calculations of GDP?
Answers
Intermediate products are excluded from the macroeconomic calculations of GDP because their worth is incorporated into the final products.
Intermediate products are goods that are utilized by businesses to produce goods or services. These are also referred to as producer goods. In other words, intermediate products are used in the production of final products or consumer products.
They can also be regarded as ingredients in final products as well as inputs into the production of other items. A corporation may manufacture intermediate products for the production of final or finished goods, or it may sell them to another company involved in the production of final products.
Intermediate products may become a component of the end product or undergo significant changes during the manufacturing process of making finished items.
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