The studying of aggregate demand and aggregate supply they are studying for macroeconomics.
Macroeconomics is termed as branch of economics which deals with structure, performance, and decision-making of economy.
Macroeconomist develops models which explains the relationship which is between factors for example, output, national income consumption, investment, saving, international finance and international trade.
Answer:
Explanation:
Banks _control____ the money supply because they __withdraw___ currency from circulation and place it in their vaults or deposit it at the Federal Reserve.
Answer: Planning, organizing, leading and controlling.
Explanation: Planning refers to setting of objectives and goals. Organizing focuses on collection of resources to attain those objectives. Leading refers to persuading the employees to work on plan. Whereas, controlling refers to taking actions for effective implementation of the plan made.
Together these four terms are described as functions of management which helps an organization to achieve its goals.
Answer:
planning, organizing, leading and controlling
Explanation:
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b. cash payments journal.
c. sales journal.
d. general journal
Answer:C )sales journal
Explanation:sales journal records credit sales
cash receipt journal records cash sales
general journal records sales on credit of assets
b. calculates an average unit cost by dividing the total cost of goods available for sale by the total units of goods available for sale.
c. calculates an average unit cost by adding the total cost of goods available for sale to the total units of goods available for sale.
d. none of the above
The weighted average method is used to assign the average cost of production to a product. Weighted average costing is commonly used in situations where:
Inventory items are so intermingled that it is impossible to assign a specific cost to an individual unit.The accounting system is not sufficiently sophisticated to track FIFO or LIFO inventory layers.Inventory items are so commoditized (i.e., identical to each other) that there is no way to assign a cost to an individual unit.
A budget that is prepared before the beginning of the period for a specific level of activity is called a static budget.
A static budget is a traditional budget that outlines the planned revenues and expenses for a given period based on a single level of activity. It is typically prepared at the beginning of the fiscal year or planning period and is based on the assumption that the activity level will remain constant throughout the period. The static budget is useful in providing a clear financial plan for the organization, allowing management to determine the resources that are required to achieve specific goals.
However, one of the limitations of a static budget is that it does not account for changes in activity levels, making it difficult for management to adjust to changing conditions. This is where flexible budgets come into play, which are designed to adjust for changes in activity levels and provide more accurate financial projections.
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