Which statement is consistent with what Keynes believed about consumption and disposable income? Question 3 options: Consumption depends upon disposable income and falls as disposable income rises. Consumption rises by the same amount as disposable income rises. Consumption rises by less than disposable income rises. Disposable income depends upon consumption.

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be: