A system in which the central bank attempts to achieve a certain rate of change in the overall price level within some period is referred to as
A. disinflation equilibrium.
B. deflation.
C. inflation targeting.
D. rational expectations trapping.
Answer: C
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Which of the following is true for legally claiming a reward?
A) A promise of completing the requested act is sufficient for a claimant to claim the reward. B) Knowledge of the reward before completing the requested act is necessary to claim the reward. C) The claimant can claim the reward even if he or she came to know of the reward subsequent to completing the act. D) The offeror cannot withdraw the reward once the offer has been placed in the public domain.
Parido Corporation has two manufacturing departments--Casting and Assembly. The company used the following data at the beginning of the year to calculate predetermined overhead rates: FormingAssemblyTotalEstimated total machine-hours (MHs) 8,000 2,000 10,000Estimated total fixed manufacturing overhead cost$44,000$4,200$48,200Estimated variable manufacturing overhead cost per MH$1.90$3.00 During the most recent month, the company started and completed two jobs--Job A and Job H. There were no beginning inventories. Data concerning those two jobs follow: Job AJob HCasting machine-hours 5,400 2,600Assembly machine-hours 800 1,200 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. The amount of manufacturing overhead
applied to Job H is closest to: A. $18,044 B. $26,372 C. $18,316 D. $8,328
An agent generally is not liable on contracts made in connection with a fully disclosed agency
Indicate whether the statement is true or false
Indicate whether each of the following statements is true or false. Calculation of a predetermined overhead rate is based on estimates and can be done at the beginning of a period. ______A spending variance is the difference between applied overhead costs and estimated overhead costs. ______A difference between the actual and estimated volume of activity causes a volume variance. ______A volume variance is unfavorable if actual volume is greater than expected. ______For an accounting period, the volume variance is the amount by which overhead was over- or underapplied. ______
What will be an ideal response?