assume that the fed has a target inflation rate of 2% and a target gdp growth rate of 3%. what ffr should the fed set if the current inflation is 5% and the growth rate is 4%?enter the number without the percent sign.

The policy-making process involves several steps, which can vary depending on the specific policy and governing body. The policy-making process is a complex and iterative process that requires collaboration and input from various stakeholders.

However, a general order of the steps is as follows:

1. Issue identification: The problem or issue that requires policy action is identified and brought to the attention of policymakers.

2. Agenda setting: Policymakers prioritize the issues that require policy action and determine which issues to focus on.

3. Policy formulation: Policymakers develop and propose policies that address the identified issue.

4. Policy adoption: The proposed policy is reviewed and debated by governing bodies and stakeholders, and a decision is made to adopt or reject the policy.

5. Policy implementation: The adopted policy is put into action by the appropriate agencies and individuals.

6. Policy evaluation: The policy is monitored and evaluated to determine its effectiveness and any necessary adjustments that need to be made.

7. Policy revision: Based on the evaluation, policymakers may revise or replace the policy to better address the issue at hand.

To know more about stakeholders visit:

https://brainly.com/question/28625232

#SPJ11

If the economy is currently operating at point C, the economy is at equilibrium with Real GDP at its potential level, and the price level is relatively stable.

In this case, the President of the United States may not need to take any immediate actions as the economy is already at its potential output level. However, if the President wishes to improve the economy's performance further, there are several actions that could be taken. For example, the government could:

Ultimately, the best course of action will depend on the specific economic conditions and the President's policy objectives.

Learn more about “  currently operating “ visit here;

https://brainly.com/question/28192577

#SPJ4

Today, about 90 percent of oil reserves are controlled by states in some form, according to the United States Energy Information Administration (EIA).

This means that a vast majority of the world's oil production and reserves are owned and managed by national oil companies or governments, rather than private or publicly traded oil companies.

The reasons behind the state control of oil reserves vary by country and can be influenced by factors such as economic, political, and environmental considerations. For example, some countries with large oil reserves may choose to nationalize their oil industry to ensure that the profits from oil sales benefit the state and its citizens, while others may seek to attract foreign investment through partnerships with international oil companies.

To know more about oil reserves here

https://brainly.com/question/29252470

#SPJ4

In the short run, the firm will produce where marginal cost (MC) equals marginal revenue (MR) in order to maximize profits. Using the information provided, we can see that the profit-maximizing output level is 5 units, where MC = $7 and ATC = $9.0.

In the long run, the firm will adjust its capital and production levels to minimize its average total cost (ATC) and remain competitive in the market. Based on the new cost information provided, we can see that the long-run equilibrium output level for the firm is where MC = ATC.

Using the new information, we can see that the long-run equilibrium output level is also 5 units, where MC = $6 and ATC = $9.0. Therefore, the firm will continue to produce 5 units in the long run in order to remain competitive in the market and minimize its costs.

To know more about revenue  visit:-

https://brainly.com/question/31683012

#SPJ11

The aging of the population, changes in ethnic composition, and effects of the baby boom are:

b. demographic changes

These factors are related to the characteristics of human populations, such as age, ethnicity, and birth rates, which fall under the category of demographic changes.

What is the meaning of demographic change?

Demographic change refers to shifts in migration, birth rates, and death rates that affect population size and structure. Today's Western industrialized nations are undergoing a demographic transition characterized by declining birthrates below population replacement levels and increasing life expectancy.

What is the cause of demographic change?

Various include variations in the economic factors that determine the timing and rate of various demographic change drivers, such as fertility and death rates, urbanization, migration patterns, and population growth rates across time.

To know more about demographic changes:

https://brainly.com/question/24180810

#SPJ11

On average, a caller would have to wait for 10 minutes before talking to an agent. We can use the M/M/1 queuing model to estimate the average waiting time for a caller before talking to an agent.

In this model:

Arrivals follow a Poisson distribution with a mean of λ arrivals per unit of time.

Service times follow an exponential distribution with a mean of 1/μ units of time per service.

There is one server.

Using the given information, we can calculate the arrival rate as:

λ = 1/20 calls per minute

And the service rate as:

μ = 1/25 calls per minute

The traffic intensity (or utilization) of the system can be calculated as:

ρ = λ/μ = (1/20)/(1/25) = 0.625

The average waiting time in the system can then be calculated as:

W = (ρ/μ) / (1 - ρ) = (0.625/(1/25)) / (1 - 0.625) = 10 minutes

Therefore, on average, a caller would have to wait for 10 minutes before talking to an agent.

Learn more about “   exponential distribution “ visit here;

https://brainly.com/question/28256132

#SPJ4

Variable costing is a cost accounting method that only considers variable manufacturing costs as product costs. These costs include direct materials, direct labour, and variable overhead expenses.

Under variable costing, fixed manufacturing costs, such as rent and salaries, are considered period expenses and are not included in the cost of goods sold. The reason variable costing treats only variable manufacturing costs as product costs is that they vary in direct proportion to the level of production. For example, if a company increases production, it will need to purchase more direct materials and hire more labour, resulting in an increase in variable manufacturing costs. On the other hand, fixed manufacturing costs remain constant regardless of the level of production.

Variable costing provides a clearer picture of the true cost of producing a product because it considers only the costs that are directly attributable to the product. This method is particularly useful for decision-making purposes, such as pricing and product mix decisions. It can also help identify the breakeven point, which is the point at which a company's revenues cover its variable and fixed costs.

In summary, variable costing treats only variable manufacturing costs as product costs, while fixed manufacturing costs are considered period expenses. This method provides a more accurate reflection of the cost of producing a product and can aid in decision-making and break-even analysis.

To know more about Variable Costing visit:

https://brainly.com/question/31417555

#SPJ11

A corporation is a state-chartered legal entity with authority to act and have liability separate from its owners.

Generally, a corporation is owned by shareholders, who appoint a board of directors, who in turn appoint officers to manage the corporation. A corporation is a distinct legal entity, separate from its owners, and is subject to state and federal laws regarding formation and operation. Corporations have the authority to enter into binding contracts and other legal agreements, and can sue or be sued in its own name.

Corporations have limited liability in that shareholders are generally not liable for the debts of the corporation. It is also possible for a corporation to go public by selling ownership shares to the public. Corporations are subject to corporate taxes and are required to file periodic reports with the Securities and Exchange Commission.

To know more about state-chartered , click here:

https://brainly.com/question/30460229

#SPJ4

Non-normal cash flows are modified for MIRR (modified internal rate of return) purposes by moving all cash outflows to time zero and all cash inflows to the end of the project.

When calculating the MIRR for a project with non-normal cash flows, it is important to adjust the cash flows in order to accurately reflect the project's profitability. In order to do this, all cash outflows are moved to time zero, which means they are assumed to occur at the beginning of the project. This is done because cash outflows are typically upfront costs, such as investments in equipment or facilities, that do not generate any revenue in the early stages of the project.

All cash inflows, on the other hand, are moved to the end of the project, which represents the time when the project's revenues are realized. This adjustment is made because the timing of cash inflows is often unpredictable and can vary significantly from project to project.

By making these adjustments, the MIRR calculation takes into account the time value of money and provides a more accurate measure of a project's profitability. It is important to note that in the process of modifying the cash flows for MIRR purposes, all cash inflows are not left unchanged and all cash flows are not moved to time zero.

Learn more about MIRR (modified internal rate of return): https://brainly.com/question/29569213

#SPJ11

Money owed to a business by credit customers is referred to as accounts receivable. Accounts receivable is a term used in accounting to describe the amount of money that a business is owed by its customers for goods or services that have been sold on credit.

It is important for businesses to keep track of their accounts receivable, as it is a measure of their financial health. If too much money is tied up in accounts receivable, it can negatively impact the business's cash flow and ability to pay bills and expenses. On the other hand, if the accounts receivable balance is too low, it may indicate that the business is not selling enough on credit and may be missing out on potential revenue.

In summary, accounts receivable is the term used to describe the money owed to a business by its credit customers. This is an important aspect of a business's financial health, as it affects cash flow and revenue. Money owed to a business by credit customers is referred to as Accounts Receivable.

To know more about money visit:

https://brainly.com/question/22984856

#SPJ11

Consulting with a life insurance agent or company to obtain the necessary information and determine the exact annual premium for his 20-year, $1,000,000 endowment policy.

To calculate the annual premium for Steve's 20-year endowment policy with a face value of $1,000,000, we'll need to consider a few factors such as the mortality rate, interest rate, and his age at the time the policy is set up. However, without that specific information, I cannot provide an exact amount for his annual premium.

In general, the process to calculate the annual premium for an endowment policy involves the following steps:

1. Determine the mortality rate for Steve's age group. This can usually be found in a life insurance table.

2. Calculate the net single premium (NSP) using the mortality rate and the interest rate. The NSP represents the present value of the benefits provided by the policy.

3. Determine the policy reserve, which is the present value of future benefits minus the present value of future premiums.

4. Calculate the annual premium by dividing the net single premium minus the policy reserve by the present value of an annuity for the policy term.

Without the specific rates and values, it's not possible to give an exact premium amount for Steve's policy. I recommend consulting with a life insurance agent or company to obtain the necessary information and determine the exact annual premium for his 20-year, $1,000,000 endowment policy.

To know more about insurance policy, visit:

https://brainly.com/question/31794815

#SPJ11

As a self-employed individual, Marlene has the right to disaffirm the deal since she is not legally bound to pay for a transaction that was not reasonable.

The fact that the dress is only worth $25 and she was charged $50 means that the transaction was not reasonable. Therefore, Marlene can disaffirm the deal without having to pay the full amount.

In this case, Marlene, as a self-employed 16-year-old, is considered a minor in most jurisdictions. Minors have the legal right to disaffirm contracts, which means they can cancel the agreement. Since the dress she bought on credit has a reasonable value of only $25, Marlene is justified in attempting to disaffirm the deal before paying the full $50.

To know more about self-employed  visit;-

https://brainly.com/question/2899752

#SPJ11

Common-size analysis is a technique used by analysts to compare financial statements by expressing line items as a percentage of a common base.

However, it's important to note that percentages can change for different reasons. Changes in sales independent of changes in expenses and changes in expenses in the numerator independent of changes in sales are both possible explanations for changes in percentages. Therefore, the correct answer to the question is d) all of these are possible explanations for changes in percentages in common-size analysis.

However, interaction effects between the numerator and denominator can also impact percentages. For example, if a company's sales increase by 10% but its cost of goods sold (denominator) increases by 15%, the percentage of cost of goods sold to sales will increase even though sales have also increased.
In common-size analysis, the one factor that does not cause changes in percentages is:

b. changes in sales independent of changes in expenses

Common-size analysis involves expressing financial statement items as a percentage of a base figure, like sales or total assets. This helps in comparing companies of different sizes. The other options (a, c, and d) are possible explanations for percentage changes in common-size analysis, as they involve interactions or independent changes between the numerator and denominator. However, option b highlights a situation where sales change independently of expenses, which does not directly impact the percentages in common-size analysis.

For more information on Common-size analysis visit:

brainly.com/question/28434259

#SPJ11

When using the FIFO (first-in, first-out) method to assign costs to ending inventory in a perpetual inventory system. The costs assigned to the ending inventory will be based on the assumption. The items that were purchased or produced first are also the ones that were sold first. This means that the cost of the most recently acquired items will not be included in the ending inventory calculation.

To calculate the costs assigned to ending inventory under the FIFO method, you would start with the oldest inventory items (those that were purchased or produced first) and assign their costs to the ending inventory until you have accounted for all the inventory on hand. The costs assigned would be based on the purchase or production costs of those items at the time they were acquired.
For example, let's say a company had the following inventory transactions during the year:
- Beginning inventory: 100 units at $10 each
- Purchase 1: 200 units at $12 each
- Purchase 2: 300 units at $15 each
- Sales: 400 units at various prices
Using the FIFO method, we would assume that the first 100 units sold were the ones from the beginning inventory, followed by 200 units from Purchase 1, and then 100 units from Purchase 2. This means that the costs assigned to ending inventory would be based on the remaining 200 units from Purchase 2, which cost $15 each. Therefore, the costs assigned to ending inventory would be $3,000 (200 units x $15 each).
In summary, when using the FIFO method to assign costs to ending inventory in a perpetual inventory system, the costs assigned will be based on the assumption that the oldest inventory items are sold first. The costs assigned will be the purchase or production costs of those items at the time they were acquired.

To know more about inventory system visit:

https://brainly.com/question/13822280

#SPJ11

The requirements necessary to have a security interest attach under the Secured Transactions Article of the UCC are:

The debtor must have rights in the collateral

Value must be given by the creditor

There must be an agreement that creates a security interest in the collateral (either written or oral

Therefore, the correct answer is:

a. Yes, Yes, No

Proper filing of a security agreement is not necessary for attachment, but it is necessary for perfection of a security interest.

Secured Transactions is an area of law that governs the creation and enforcement of security interests in personal property. A security interest is a creditor's interest in a debtor's personal property (i.e. not real property) that is pledged as collateral for a loan or other obligation.

The Uniform Commercial Code (UCC) is the primary source of law governing secured transactions in the United States. The UCC has a specific Article (Article 9) that sets out the rules for creating and enforcing security interests in personal property. Article 9 of the UCC applies to any transaction that creates a security interest in personal property or fixtures, unless the transaction is governed by another law.

To know more about Secured Transactions here

https://brainly.com/question/29654013

#SPJ4

True. In recent years, many pharmaceutical companies have shifted their promotional strategies from a push approach to a pull approach in terms of their communication with physicians.

This means that instead of bombarding doctors with ads and sales reps, companies are now focusing on providing valuable information and resources to physicians, such as clinical data and patient support programs.

The goal is to establish trust and credibility with doctors, ultimately leading to increased prescription rates for their brand of drugs. This shift in communication approach reflects a growing recognition that traditional push strategies are often ineffective and can even damage the reputation of pharmaceutical companies.
True. In recent years, many pharmaceutical companies have shifted their communication approach from a push to a pull strategy. This change in promotional strategies is aimed at encouraging physicians to write prescriptions for their specific brand of drugs. By focusing on effective communication and providing valuable information, pharmaceutical companies can build trust and credibility with healthcare professionals, ultimately influencing their prescribing decisions.

For more information on  pharmaceutical companies visit:

brainly.com/question/16582232

#SPJ11

By offering a standardized product to the global marketplace and manufacturing that product in each nation in which it does business irrespective of production costs, a multinational company may not necessarily realize substantial scale economies.  True

This approach of manufacturing in every country where the company does business irrespective of production costs is known as a multi-domestic strategy. A multi-domestic strategy aims to maximize local responsiveness by customizing products, advertising, and distribution channels to suit local preferences, rather than taking advantage of scale economies.

In contrast, a multinational company may realize substantial scale economies by using a global standardization strategy. Under a global standardization strategy, a company offers a standardized product to the global marketplace and manufactures it in a few locations worldwide to take advantage of economies of scale.

Learn more about standardized product

https://brainly.com/question/30903448

#SPJ4

Sam should report a taxable gain of $40,000 ($190,000 fair market value minus $150,000 mortgage) on the contribution of property to the Beecky partnership.

This is because the adjusted basis of the property was $100,000, and the fair market value was $190,000, resulting in a $90,000 increase in value. Since Sam only contributed 30% of the property, the taxable gain would be 30% of $90,000, which is $27,000. However, because the gain exceeds the adjusted basis, the entire gain of $27,000 is taxable.

During the formation of the Beecky partnership, Sam contributed property with an adjusted basis of $100,000 in exchange for a 30% interest. The fair market value of the contributed property was $190,000 and the property was encumbered by a $150,000 mortgage, which was assumed by the partnership.

To know more about taxable gain visit:

https://brainly.com/question/3091601

#SPJ11

When production firm persuades a well-known actor to take a lower salary in exchange for getting a percentage of the money when the production firm earns from the distributor, this is known as profit sharing.

Profit sharing is a compensation arrangement in which an employee or a contractor receives a share of the profits or revenues generated by the business in addition to their regular salary or fee.

In the entertainment industry, profit sharing is often used as a way to incentivize actors, directors, and other talent to work on a project by offering them a lower upfront payment in exchange for a percentage of the profits that the project generates. This allows the production firm to reduce its upfront costs and share the risks and rewards of the project with the talent involved.

To know more about Profit sharing here

https://brainly.com/question/31539861

#SPJ4

--The given question is incomplete, the complete question is

"when a production firm persuades a well-known actor to take a lower salary in exchange for getting a percentage of the money that the production firm earns from the distributor, this is known as ----------."--

Their total qualified adoption expenses are $7,500. Thus, the credit would be 20% of $7,500, which equals $1,500.

a. The adoption credit Carl and Jenny can claim in 2022 is calculated as 20% of their qualified adoption expenses, up to a maximum of $14,440. Their absolute qualified reception costs are $7,500. Hence, the credit would be 20% of $7,500, which approaches $1,500.

b. If the adoption falls through and is never finalized, Carl and Jenny would not be eligible for the adoption credit since the credit is available only for finalized adoptions.

c. If their AGI was $229,410, the phase-out threshold for the adoption credit would apply. The credit begins to phase out when AGI exceeds $216,660 and is completely phased out when AGI reaches $256,660. Since their AGI falls within this range, the credit amount they could claim would be reduced. The exact reduction depends on their AGI and is calculated using a formula provided by the IRS.

Learn more about expenses, from:

brainly.com/question/29850561

#SPJ12

The fact that Spartan Financial's depreciation expenditure decreased may help to explain why, despite a dramatic rise in net income from the prior year, net cash supplied by operations decreased. Option B is Correct.

The net amount of cash and cash equivalents coming into and going out of a business is referred to as cash flow. Money spent and money received reflect inflows and outflows, respectively. Increased revenues result in higher net income, and higher net income results in higher stockholders' equity.

The whole selling price of long-lived assets is counted as part of investment activity. A cash flow statement's numbers are unchangeable. "Bottom Line" The net increase (decrease) in cash and cash equivalents is the statement's final line item. It is calculated by adding together all cash inflows and outflows. Option B is Correct.

Learn more about expenditure Visit: brainly.com/question/935872

#SPJ4

In calculating EPS, preferred stock dividends are subtracted from the numerator because EPS represents earnings available to common shareholders

Dividends received from common shares are not taken into account when calculating net income. Because the number of outstanding common shares can fluctuate throughout the year, the weighted average is used to calculate EPS.

Preferred dividends must be paid out before ordinary shareholders receive anything since only the earnings available to common shareholders are reflected by EPS, which is why they are subtracted from EPS.

For EPS calculations, preferred share dividends are subtracted from net income. Preferred shareholder dividends must be deducted from EPS calculations because common shareholders are not allowed to receive them.

To know more about EPS please check the following link

https://brainly.com/question/14172766

#SPJ4

The proper length for the amount of distance covered by Freddie's ship during the performance is measured by an observer who is stationary relative to Freddie's ship.

This is because the length of an object, in this case the distance covered by the ship, is relative to the observer measuring it.

In this scenario, Freddie is traveling at a speed of 0.9c (90% of the speed of light) relative to Earth, which means that time and space are perceived differently by him and an observer on Earth. This is due to the effects of special relativity, which states that the observed length and time intervals between two events depend on the relative motion of the observer and the objects being observed.

Therefore, to accurately measure the distance covered by Freddie's ship during the performance, we need an observer who is stationary relative to Freddie's ship, as they will perceive the length of the distance covered to be the proper length. This observer will take into account the effects of time dilation and length contraction, which are the result of the ship's high speed relative to Earth.

To know more about relative motion here

https://brainly.com/question/15836528

#SPJ4

--The given question is incomplete, the complete question is

"Freddie mercury is on a rocket ship on his wat to mars. Hes travelling at a speed of v = 0.9c (relative to earth) when he signs a few songs for the crew onboard. He also uses a radio transmitter to broadcast the performance ack to his fans on earth. According to the ships crew, his performance last for 15 min. Who measures the proper length for the amount of distance covered by freddie's ship during the performance? explain your reasoning without making any calculations."--

The statements that explain how technology has impacted internal control systems are as follows:
- Technology has reduced the number of processing errors.
- Technology can be designed to require the use of password before access to the system is granted.

Passwords can be implemented to ensure only authorized personnel have access to the system, which enhances security. Advanced systems can also record who made entries, the date and time of the entry, and the source of the entry, which improves traceability and accountability. However, technology also poses new risks, such as the higher risk of credit card number theft due to the growth of e-commerce.

1. Technology has reduced the number of processing errors.
2. Technology can be designed to require the use of a password before access to the system is granted.
3. Technologically advanced systems can record who made entries, the date and time of the entry, and the source of the entry.
4. Technology has encouraged the growth of e-commerce, which means that there is a higher risk of credit card number theft.

1. Technology has improved data processing, making it more accurate and efficient, thus reducing processing errors in internal control systems.
2. Security measures, such as requiring passwords, have been implemented in technology to limit unauthorized access to internal control systems.
3. Advanced systems can track and record user activity, providing an audit trail that enhances the transparency and accountability within internal control systems.
4. The growth of e-commerce, facilitated by technology, has led to an increased risk of credit card number theft, making it necessary for internal control systems to address these risks.

To Know more about  internal control

https://brainly.com/question/31366218

#SPJ11

One of the main problems and risks of cross-border strategic alliances is the potential for cultural differences and miscommunication between the domestic and foreign firms.

Other issues can include differences in legal systems and regulations, conflicting business goals and objectives, and challenges with integrating different technologies and operations. However, one potential benefit of cross-border alliances is the ability to leverage each other's strengths and capabilities to achieve mutual success. It is important for companies to carefully consider these factors and develop a clear plan for managing and mitigating risks before entering into any cross-border strategic alliance.
One option that is NOT a problem or risk of cross-border strategic alliances between domestic and foreign firms would be "Efficient communication and understanding of cultural differences." This is because efficient communication and understanding of cultural differences are actually key factors that contribute to the success of cross-border strategic alliances, rather than posing problems or risks.

For more information on technologies visit:

brainly.com/question/9171028

#SPJ11

When corporate venturing is focused, the corporate entrepreneurship activities are integrated and aligned with the existing operations of the firm. Given statement is False.

This integration helps to ensure that the new ventures are strategically aligned with the firm's core competencies and overall business strategy. By integrating the new ventures with the existing operations, the firm can also leverage its existing resources, capabilities, and relationships to support the development and growth of the new ventures. This approach can help to increase the likelihood of success for the new ventures and can also help to ensure that they contribute to the long-term strategic objectives of the firm.

Learn more about “ corporate entrepreneurship “ visit here;

https://brainly.com/question/30926371

#SPJ4

As the quantity of product produced in a given period increases, the cost of manufacturing each unit decreases.Economic scale refer to the phenomenon where the cost of producing a product decreases as the scale of production increases.

When a company increases its production scale, it benefits from economies of scale which allows for cost savings. This is because as production increases, the fixed costs associated with the production process, such as rent, utilities, and equipment, are spread over a larger number of units, thereby reducing the cost per unit. Additionally, larger production runs also allow for better negotiation power with suppliers for lower prices on raw materials and components. This further lowers the cost of each unit produced.

This is because as the quantity of products produced increases, the fixed costs associated with producing each unit are spread over a larger number of units. This results in a lower cost per unit.Moreover, larger production runs may also allow companies to invest in more efficient production methods and technologies that further reduce the cost of production per unit.

To know more about product visit:

https://brainly.com/question/31859289?

#SPJ11

In an industry where the product is a commodity, the most suitable generic competitive strategy is likely to be cost leadership.

Cost leadership involves producing and delivering the product at a lower cost than competitors, while maintaining a reasonable level of quality. In a commodity industry, where products are largely similar and price-sensitive, businesses can gain a competitive advantage by offering lower prices than their competitors.

By keeping costs low through efficient production and supply chain management, a company can offer lower prices while still achieving profitability. Additionally, in a commodity industry, customers are less likely to be loyal to a specific brand or company, making price a key factor in their purchasing decisions. Therefore, businesses that can offer the lowest prices are more likely to succeed in a competitive commodity industry.
In an industry where the product is a commodity, the most suitable generic competitive strategy is likely to be the Cost Leadership strategy. In a competitive commodity market, differentiation among products is minimal, and price becomes the primary factor influencing customers' purchasing decisions. By achieving cost leadership, a company can offer lower prices than its competitors while maintaining profitability. This approach can provide a competitive advantage by attracting price-sensitive customers and increasing market share in the industry. Remember to continually improve cost efficiency to maintain this advantage, as competitors will also strive to lower their costs.

For more information on leadership visit:

brainly.com/question/31906311

#SPJ11

The job cost sheets of Igmund Manufacturing provide information on the manufacturing costs of various jobs as of June 30 and July, which allows us to calculate the work in process inventory, finished goods inventory, and cost of goods sold during July.

a. To compute the work in process inventory at June 30, we need to add up the total manufacturing costs of jobs that were still in process at the end of the month. Based on the information provided, jobs 105 and 106 were still in process at the end of June. Therefore, the work in process inventory at June 30 is:

Work in process inventory at June 30 = Manufacturing costs of job 105 + Manufacturing costs of job 106
Work in process inventory at June 30 = $6,300 + $3,100
Work in process inventory at June 30 = $9,400

b. To compute the finished goods inventory at June 30, we need to add up the total manufacturing costs of jobs that were completed but not yet delivered to customers. Based on the information provided, jobs 101, 102, and 103 were completed but only jobs 101 and 102 were delivered to customers. Therefore, the finished goods inventory at June 30 is:

Finished goods inventory at June 30 = Manufacturing costs of job 103
Finished goods inventory at June 30 = $890

c. To compute the cost of goods sold during July, we need to add up the total manufacturing costs of jobs that were delivered to customers during July. Based on the information provided, jobs 101, 102, and 104 were delivered to customers during July. Therefore, the cost of goods sold during July is:

Cost of goods sold during July = Manufacturing costs of job 101 + Manufacturing costs of job 102 + Manufacturing costs of job 104
Cost of goods sold during July = $4,300 + $3,400 + $4,200
Cost of goods sold during July = $11,900

d. To compute the work-in-process inventory on July 31, we need to add up the total manufacturing costs of jobs that were still in process at the end of July. Based on the information provided, jobs 105 and 106 were still in process at the end of July. Therefore, the work-in-process inventory on July 31 is:

Work in process inventory at July 31 = Manufacturing costs of job 105 + Manufacturing costs of job 106
Work in process inventory at July 31 = $6,300 + $3,100
Work in process inventory on July 31 = $9,400

e. To compute the finished goods inventory on July 31, we need to add up the total manufacturing costs of jobs that were completed but not yet delivered to customers. Based on the information provided, only job 104 was completed but not yet delivered to customers at the end of July. Therefore, the finished goods inventory at July 31 is:

Finished goods inventory at July 31 = Manufacturing costs of job 104
Finished goods inventory at July 31 = $4,200

Learn more about finished goods inventory: https://brainly.com/question/31418504

#SPJ11

The sale of a secondhand car is not included in the calculation of GDP because GDP only measures the value of goods and services produced within a country's borders during a specific time period, typically a year.

When a new car is produced, it is included in GDP because it represents a new addition to the economy's production of goods. However, when a used car is sold, it is not considered a new addition to the economy's production of goods, but rather a transfer of ownership. This is because the car was already included in GDP when it was originally produced and sold as a new car. Additionally, including the sale of secondhand cars in GDP calculations would lead to double-counting of economic activity. For example, if someone buys a used car and then sells it the following year, both transactions would be counted in GDP, even though the car only represents one unit of economic activity.

To know more about GDP visit :

https://brainly.com/question/31197617

#SPJ11