Suppose the economy is initially in long-run equilibrium. The Fed enacts a policy to decrease the discount ratedecrease the discount rate. In the short-run, this expansionary monetary policy will cause:A. A shift from AD 1AD1 to AD 2AD2 and a movement to point B, with a higher price level and higher output.

B. A shift from SRAS 2SRAS2 to SRAS 1SRAS1 and a movement to point D, with a higher price level and lower output.

C. A shift from AD 2AD2 to AD 1AD1 and a movement to point C, with a lower price level and the same output.

D. A shift from SRAS 1SRAS1 to SRAS 2SRAS2 and a movement to point B, with a lower price level and higher output.

For a firm that uses the weighted average method of process costing, which of the following must be true? (a) physical units can be greater than or less than equivalent units. (b) physical units must be equal to equivalent units. (c) equivalent units must be greater than or equal to physical units. (d) physical units must be greater than or equal to equivalent units.

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u. s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.

Brody corp. uses a process costing system in which direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. beginning inventory for january consisted of 1,050 units that were 65% completed. 10,900 units were started into the process during january. on january 31, the inventory consisted of 500 units that were 50% completed. what would be the equivalent units for direct materials cost using the weighted average method?