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# Financial Accounting and Macroeconomics Help

• Hi, guys. I need help for financial accounting and macroeconomics. I've posted some questions and I need your help. Explanation would be great as well. Thanks.

FA

Under the perpetual inventory first-in-first-out method, in order to calculate ending inventory, what would be the value for sales returns?

Example:

Beginning inventory: 9 units, total: \$1350

4-Jan: Sale 6 units, \$200 each (selling price per unit)

9-Jan: Purchase 4 units, \$140 each (cost per unit)

22-Jan: Sale 5 units, \$220 each (selling price per unit)

23-Jan: Sales returns of 1 unit, \$140 (cost per unit)

*What is the value for ending inventory in dollars? I am stucked at the number to be written for sales returns.

Macro

1. In the multiplier effect, what does C = a + mpc (Y) mean? What does each letter represent?

2. What is autonmous spending in the aggregate expenditure model? Which axis, AE or real GDP do we have to look at for the answer?

3. Suppose AE = 500 + 0.2Y, and Singapore (open economy)'s exports increased by \$3 million and has the marginal propensity to import of 0.1, and has the autonomous spending of \$20 million, what is the new equilibrium output?