1. Suppose the United States and Sweden sign a free trade agreement. If real interest rates increase in Sweden but not in the United States, which of the following will be true of Swedish capital flow, the value of the krona, and exports?Capital Flow /Value of Krona / Exportsa. Inflow / Appreciate/ Increaseb. Inflow / Appreciate / Decreasec. Inflow / Depreciate / Increased. Outflow / Appreciate / Decreasee. Outflow / Depreciate / Increase2.Good/Service Quantity 2004 Unit Price 2005 Unit PriceBlue Jeans 2 $22.00 $25.00Cheeseburger 4 $3.00 $5.00Haircut 2 $12.00 $13.00Suppose a market basket of goods and services includes the following for two successive years. According to the table above, between the years of 2004 and 2005 the consumer price index increased bya. 6 percent. b. 12 percent. c. 16 percent. d. 20 percent. e. 22 percent.3. When inflation has reached a peak, economists would say that the economy has reached thea. trough of the business cycle. b. expansion of the business cycle. c. peak of the business cycle. d. contraction of the business cycle. e. bottom of the business cycle.

Agood for which demand increases as income rises is and a good for which demand increases as income falls is

The production manager of rordan corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st quarter 2nd quarter 3rd quarter 4th quarter units to be produced 10,800 8,500 7,100 11,200 each unit requires 0.25 direct labor-hours, and direct laborers are paid $20.00 per hour. required: 1. prepare the company’s direct labor budget for the upcoming fiscal year. assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. 2. prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. instead, assume that the company’s direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 2,500 hours of work each quarter. if the number of required direct labor-hours is less than this number, the workers are paid for 2,500 hours anyway. any hours worked in excess of 2,500 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.

On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.