Daybook inc. budgeted production of 403,500 personal journals in 20y6. paper is required to produce a journal. assume six square yards of paper are required for each journal. the estimated january 1, 20y6, paper inventory is 40,400 square yards. the desired december 31, 20y6, paper inventory is 38,900 square yards. paper costs $0.40 per square yard. each journal requires assembly. assume that eight minutes are required to assemble each journal. assembly labor costs $13.00 per hour. prepare a cost of goods sold budget for daybook inc. using the information above. assume the estimated inventories on january 1, 20y6, for finished goods and work in process were $28,000 and $16,500, respectively. also assume the desired inventories on december 31, 20y6, for finished goods and work in process were $30,000 and $14,300, respectively. factory overhead was budgeted at $214,600. round your interim calculations to nearest cent, if required.

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Uppose that the federal reserve purchases a bond for $100,000 from donald truck, who deposits the proceeds in the manufacturer’s national bank. what will be the impact of this purchase on the supply of money? the money supply will increase by $100,000. the money supply will increase by $80,000. the money supply will increase by $500,000. this action will have no effect on the money supply. if the reserve requirement ratio is 20 percent, what is the maximum amount of additional loans that the manufacturer’s bank will be able to extend as the result of truck’s deposit? the maximum additional loans is $100,000. the maximum additional loans is $80,000. the maximum additional loans is $20,000. the maximum additional loans is $500,000. given the 20 percent reserve requirement, what is the maximum increase in the quantity of checkable deposits that could result throughout the entire banking system because of the fed’s action? this action will have no effect on the money supply. the money supply will eventually increase by $80,000. the money supply will eventually increase by $500,000. the money supply will eventually increase by $100,000.

On coral island in 2012, the labor force is 12,000, the unemployment rate is 10 percent, and the labor force participation rate is 60 percent. during 2013, 200 unemployed people found jobs and the working-age population increased by 1,000. the total number of people in the labor force did not change. the working-age population at the end of 2013 was the unemployment rate at the end of 2013 was round up to the second decimal. the labor force participation rate at the end of 2013 was round up to the second decimal.