In 2010 the u. s. government was running a large deficit. some were concerned that pressures might be put on the federal reserve to purchase government bonds to the government finance this deficit. if the fed were to buy government bonds to the government finance its expenditures, then a. the price level would fall, so the value of money would rise. b. the price level would fall, so the value of money would fall. c. the price level would rise, so the value of money would fall. d. the price level would rise, so the value of money would rise.

Amanda works as an industrial designer

Which of the following is a characteristic that can be used to guide the design of service systems? a. services cannot be inventoried. b. services are all similar. c. quality work means quality service. d. services businesses are inherently entrepreneurial. e. even service businesses have internal services.

The following cost and inventory data are taken from the accounting records of mason company for the year just completed: costs incurred: direct labor cost $ 90,000 purchases of raw materials $ 134,000 manufacturing overhead $ 205,000 advertising expense $ 45,000 sales salaries $ 101,000 depreciation, office equipment $ 225,000 beginning of the year end of the year inventories: raw materials $ 8,100 $ 10,300 work in process $ 5,900 $ 21,000 finished goods $ 77,000 $ 25,800 required: 1. prepare a schedule of cost of goods manufactured. 2. prepare the cost of goods sold section of mason company’s income statement for the year.