A major topic when talking about politics and economics is the health of the economy. Political candidates often run for office proclaiming what they will do to improve the nation’s economy and the economic opportunities available for all Americans. But what does that mean? How do people and economists determine whether an economy is healthy or not? This unit contains the answers to these questions. It examines the tools for economic data and measurement. Think about your community. For you and your family, what does it mean for the country to have a strong or healthy economy? What does it mean for the country to have a weak economy? What are some actions that can turn a weak economy into a strong economy?

What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.

Ardmore farm and seed has an inventory dilemma. they have been selling a brand of very popular insect spray for the past year. they have never really analyzed the costs incurred from ordering and holding the inventory and currently fave a large stock of the insecticide in the warehouse. they estimate that it costs $25 to place an order, and it costs $0.25 per gallon to hold the spray. the annual requirements total 80,000 gallons for a 365 day year.a. assuming that 10,000 gallons are ordered each time an order is placed, estimate the annual inventory costs.b. calculate the eoq.c. given the eoq calculated in part b., how many orders should be placed and what is the average inventory balance? d. if it takes seven days to receive an order from suppliers, at what inventory level should ardmore place another order?

Bridge building company estimates that it will incur $1,200,000 in overhead costs for the year. additionally, the company estimates 50,000 direct labor hours will be spent building custom walking bridges for the year at a total direct labor cost of $600,000. what is the predetermined overhead rate for bridge building company if direct labor costs are to be used as an allocation base?