Anewspaper article once reported that the u. s. economy was experiencing a low rate of inflation. it said that "low inflation has a downside: 45 million recipients of social security and other benefits will see their checks go up by just 2.8 percent next year." a. why would policymakers link increases in social security and other benefits to inflation? b. is the small increase in benefits a "downside" of low inflation, as the article suggests? why or why not?

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: