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Question - March 1, 2019, Green Day Company's beginning work in process inventory had 9,000 units. This is its only production department. Beginning WIP units were 50% completed to conversion costs. Green Day introduces direct materials at the beginning of the production process. During March, all beginning WIP was completed and an additional 17,500 units were started and completed. Green Day also started but did not complete 9,500 units. These units remained in ending WIP inventory and were 60% completed to conversion costs. Green Day uses the weighted average method. Determine for March 2019 the equivalent units of production for conversion costs.
32,200
30,000
23,200
31,500
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
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