In the kingdom of Guttenberg, they’ve decided it’s a good idea to use more currency bills so as to give work to the printing industry. Hence, overnight there is an announcement that every price will increase by a factor of 2: things that were $1 are now $2 and things that were $10 are now $20. Which of the following will change?

1. Output, Y
2. The real wage rate
3. The interest rate
4. The price level P
5. The nominal rental rate of capital R

Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.

Performance bicycle company makes steel and titanium handle bars for bicycles. it requires approximately 1 hour of labor to make one handle bar of either type. during the most recent accounting period, barr company made 7,700 steel bars and 2,300 titanium bars. setup costs amounted to $35,000. one batch of each type of bar was run each month. if a single company-wide overhead rate based on direct labor hours is used to allocate overhead costs to the two products, the amount of setup cost assigned to the steel bars will be:

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