One advantage of the direct strategy is that it saves the reader time
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True
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Suppose the federal funds rate is 4.4 percent and you know that the Fed is following the Taylor rule. You don't know the Fed's inflation target, but the equilibrium real interest rate is 4 percent, the inflation rate is 3 percent, the weight on the GDP gap is 0.4, the weight on the inflation gap is 0.6 and nominal GDP is 2 percent points below its target. Calculate the Fed's inflation target from this information. ?
What will be an ideal response?
Days or even weeks after a presentation, the audience may remember the conclusion of a presentation. What is this the result of?
A) Primacy effect B) Handouts C) Compelling statements D) Visual cues E) Recency effect
Revenues increase owner's equity
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Lucas Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 900 Materials costs$9,600 Conversion costs$7,700 Percent complete with respect to materials 60%Percent complete with respect to conversion 45%Units started into production during the month 8,100 Units transferred to the next department during the month 6,900 Materials costs added during the month$115,800 Conversion costs added during the month$120,500 Ending work in process inventory: Units in ending work in process inventory 2,100 Percent complete with respect to materials 75%Percent complete with
respect to conversion 20% The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: A. $50,888 B. $13,570 C. $30,660 D. $67,851