lassify each of the following costs as either variable, fixed, or mixed Costs are from a manufacturer of portable basketball hoops 1. Factory supervisor salary, 56,000 per month 2. Ulities, 560 per month plus 50 07 per unit produced 3. Assembly worker hourly wages 4. Factory equipment depreciation, 54,000 per month 5. Salesperson pay, 54,000 per month plus 5% of dollar sales 6. Factory insurance $3.500 per month 7. Screws to assemble hoops 8. Factory reri, 35,000 per month 9. Metal for is 10. Class for backboards 11. Oflice salaries 55,000 per month 12. Plastic forhoopbases
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Each of the following costs is classified as variable cost, fixed cost, or mixed cost. The costs are mentioned in the table below.
Give a brief account of the various costs.Variable costs are production expenses that rise or fall in response to changes in a company's manufacturing activity. Raw materials used as components of a product, for example, are variable costs because this type of expense typically varies based on the number of units produced.
A fixed cost is the cost of a business expense that does not change regardless of the number of goods and services produced or sold. Fixed costs are recurring expenses that are not directly related to production, such as rent, interest payments, and insurance.
The total cost that combines two types of costs, namely fixed costs and variable costs, and thus implies that a portion of this cost does not change (fixed cost) with changes in production volume. The variable cost, on the other hand, varies with the volume or quantity produced. These expenses are also known as semi-variable expenses.
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Related Questions
Question:
Year Real GDP (in Millions) Population (in Thousands) Real GDP per Capita (in Dollars)
1 5,720 220 $26,000
2 6,496 224 $29,000
3 7,392 231 $32,000
A) Using the information in the table, calculate the growth rates in Real GDP, population, and the standard of living (real GDP per capita) between year one and year two.
B) Calculate the growth rates in Real GDP, population, and the standard of living between the year 2 and year 3.
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The growth rates in Real GDP, population, and the standard of living (real GDP per capita) between year one and year two respectively as 13.56%, 1.81%, and 11.53%
What is GDP?The term "GDP" stands for "gross domestic product," which aids in determining the monetary values of products and services offered on the market. when clients acquire these things within a predetermined time frame.
The calculation of growth in GDP
= change in real GDP / Real GDP in year 1 x 100
= (6,496 - 5,720 )/5,,720 x 100
= 13.56%
The population's growth rate from year one to year two
= change in Population / Population in year 1 x 100
= (224 - 220 )/220 x 100
= 1.81%
The rate of increase in the standard of living between years one and two
= change in real GDP per capita / Real GDP per capita in year 1 x 100
= (29,000 - 26,000 )/26,000 x 100
= 11.53%
B) Calculate the growth rates in Real GDP, population, and the standard of living between year 2 and year 3 as
The growth rate in real GDP from years two to three
= Change in real GDP / Real GDP in year 2 x 100
= (7,392 - 6,496 )/6,496 x 100
= 13.8%
The growth rate in population from year two to three
= Change in Population / Population in year 2 x 100
= (231 - 224 )/224 x 100
= 3.12%
The growth rate in the standard of living from year two to three
= Change in real GDP per capita / Real GDP per capita in year 2 x 100
= (32,000 - 29,000 )/29,000 x 100
= 10.3%
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Oakley bakes muffins that he sells at the local farmer's market. If he purchases a new convection oven that reduces the costs of baking muffins, the asupply of Oakley's muffins will increase. b. supply of Oakley's muffins will decrease. c. demand for Oakley's muffins will increase. d. demand for Oakley's muffins will decrease.
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According to the given statement supply of Oakley's muffins will decrease.
The correct option is B.
What is called market?The entire number of market participants in the region or region under review is referred to as the market. Earth, as well as several nations, regions, states, and cities, may be the subject. The worth, expense, and cost of the goods traded depend on the dynamics of supply and demand on the market.
What is marketing plan?A marketing strategy is a long-range plan for attaining a business' objectives via a knowledge of client demands and the development of a distinct and long-lasting competitive advantage. It includes everything, from choosing which channels to utilise to contact your consumers to figuring out who they are.
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Question 3 of 32
In a personal budget, how are fixed expenses and discretionary spending
different?
O A. One deals with needs; the other deals with wants.
B. One deals with federal taxes; the other deals with state taxes.
OC. One deals with regulations; the other deals with laws.
OD. One deals with production; the other deals with consumption.
SUBMIT
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In a personal budget, how are fixed expenses and discretionary spending because one deals with needs; the other deals with wants.
What is a budget?The term budget is referred to as, As in the monetary fund, we were always intending to decide how much amount of medium of exchange were spent in a period of time. By having the proper budget, we can always make sure to have proper medium of exchange in the month.
Discretionary income is the amount of money of an individual's financial gain that is left for spending, putting, or preserving after paying taxes and paying for personal demands, such as food, shelter, and clothing.
Therefore, The right option (A) is correct.
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Your country takes in $350 million each year in tax money but chooses to spend $150 million on various services it provides. What type of stance does your country take on fiscal policy?.
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The fiscal policy of a country can be determined by its spending and taxation decisions. In this case, the country is taking in $350 million in taxes each year, but is only spending $150 million on various services.
This suggests that the country is taking a fiscally conservative stance, which generally involves reducing government spending in order to balance the budget and decrease taxes. This type of fiscal policy is intended to keep government spending under control, while also leaving money for other government services and private investments. In addition, this type of fiscal policy can help to keep inflation low and maintain economic stability. By taking a fiscally conservative stance, this country is likely attempting to reduce its budget deficit while also giving citizens more money to invest in the private sector.
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samantha, a salesperson, tries to sell a product to alex. when dealing with alex, she finds that he is an amiable based on the categories of social styles. in this scenario, samantha should . multiple choice question. provide alex with guarantees about the performance of the product use a direct, businesslike, organized presentation with quick action and follow-up agree to undertake activities and should not follow through on commitments emphasize the effects of a purchase decision on profits
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In this scenario, Samantha should provide Alex with guarantees about the performance of the product.
What is a salesperson?
Simply said, a sales representative promotes a company's brand while selling their goods or services. From the initial lead outreach until the actual purchase, they manage client connections and function as the primary point of contact.
A competent salesperson has more to give customers than just an engaging pitch; they are upbeat, resilient people who take the time to learn about their clients' requirements, demonstrate empathy, and deal in a product with assurance.
To enter this field, students would require a bachelor's degree. A bachelor's degree aids students in developing the knowledge and abilities necessary for employment. Students may enrol for bachelor's degree programmes after successfully completing 10 + 2.
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Diya Associates received $2,500 in cash from credit customers. This transaction would be recorded with which of the following entries?
debit cash for $2,500
credit fees income for $2,500
debit accounts receivable for $2,500
debit fees income for $2,500
credit cash for $2,500
credit accounts receivable for $2,500
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The entries is as follows:
debit cash for $2,500
credit accounts receivable for $2,500
What is the difference between debit cash and credit?Debits, which represent money leaving an account, raise the balance of dividends, expenses, assets, and losses. The balance of profits, income, revenues, liabilities, and shareholder equity is raised by credits, which are sums of money that enter the account.
Cash is a liquid asset that can be used immediately, which is clearly its biggest benefit over accounts receivable. To use accounts receivable, a company must wait for collections, which can take some time. Customers typically pay a business within a 30-day period, which is a typical term for receivables.
The entries is as follows:
debit cash for $2,500
credit accounts receivable for $2,500
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case study: financing and foreclosure betsy and george swanson had been married several years when they decided to buy their first home. they had four children and both betsy and george had good jobs. george worked for a large corporation and betsy was a school teacher. the economy was doing well at the time and home prices were up. they purchased a new home in mesquite, texas. they received a mortgage for the home with abc mortgage. at closing, they received a general warranty deed from and seller and they signed many loan documents including a note, deed of trust, and a closing statement. during the next three years, the economy declined and home prices were falling. then george learned that his company was moving to indiana. they offered george a promotion and an impressive increase in salary. if he turned it down, he would end up with no job. betsy was trying to think positive about getting another teaching job in indiana. betsy and george made a decision to take the transfer. they immediately put their home on the market. after making the move, they found that rental prices were a little higher than they expected. teaching jobs were hard to get, and betsy was only able to do a little substitute teaching. to make things worse, their home in mesquite had been hard to sell. the swansons still owed a high balance on their mortgage and mesquite was now in a buyers' market. there were a lot of homes on the market. eventually, the swanson's became past due on their mortgage payments for their house in mesquite. abc mortgage tried to work with them but finally decided they would have to foreclose to protect their investment. when the payments were a couple of months delinquent, abc accelerated the note and the trustee posted the property for foreclosure. after the required time frame, the property was sold to a new owner at the foreclosure auction held at the county court house.
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Yes, Swanson failed to make the required payments as stated in the note. When they bought this property, they executed a deed of trust that allowed the trustee to carry out a nonjudicial foreclosure.
What benefits do trust deeds have over mortgages?An advantage of a deed of trust over a mortgage, from the lender's standpoint, is quite significant. The trustee has the authority to execute a foreclosure on the asset on behalf of the beneficiary if the borrower fails on the loan.
A deed of trust, also known as a trust deed, is a legal document that is used to create a security interest in real estate in the United States. It essentially transfers legal title to a trustee, who holds the property as security for a loan between a borrower and lender.
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The complete question is:
Case study: financing and foreclosure betsy and george swanson had been married several years when they decided to buy their first home. they had four children and both betsy and george had good jobs. george worked for a large corporation and betsy was a school teacher. the economy was doing well at the time and home prices were up. they purchased a new home in mesquite, texas. they received a mortgage for the home with abc mortgage. at closing, they received a general warranty deed from and seller and they signed many loan documents including a note, deed of trust, and a closing statement. during the next three years, the economy declined and home prices were falling. then george learned that his company was moving to indiana. they offered george a promotion and an impressive increase in salary. if he turned it down, he would end up with no job. betsy was trying to think positive about getting another teaching job in indiana. betsy and george made a decision to take the transfer. they immediately put their home on the market. after making the move, they found that rental prices were a little higher than they expected. teaching jobs were hard to get, and betsy was only able to do a little substitute teaching. to make things worse, their home in mesquite had been hard to sell. the swansons still owed a high balance on their mortgage and mesquite was now in a buyers' market. there were a lot of homes on the market. eventually, the swanson's became past due on their mortgage payments for their house in mesquite. abc mortgage tried to work with them but finally decided they would have to foreclose to protect their investment. when the payments were a couple of months delinquent, abc accelerated the note and the trustee posted the property for foreclosure. after the required time frame, the property was sold to a new owner at the foreclosure auction held at the county court house.
Did the Swansons fail to fulfill one of their obligations under the deed of trust?
A) Yes, they failed to pay the debt in accordance with the terms of the note.
B) Yes, they failed to pay all the real estate taxes.
C) Yes, they failed to maintain the property.
D) All of these statements are true.
Which of the following statements is TRUE with regard to the eight types of waste that must be eliminated to implement lean systems?
A) Jobs with excessive motion should be redesigned.
B) Work-in-process inventory is the direct result of underutilization of employees.
C) Manufacturing an item before it is needed helps an organization detect and reduce defects.
D) Product damage and deterioration result from using expensive high precision equipment.
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The following statement is True with regard to the eight types of waste that must be eliminated to implement lean systems Jobs with excessive motion should be redesigned.[A]
What are the eight types of waste that must be eliminated to implement?
To help focus efforts in this area, Lean practitioners developed a list of eight wastes that establish the most likely areas where the waste will occur: defects, overproduction, transportation, non-value-adding processing, motion, waiting, unused talent, and inventory.
The following is true of the eight categories of waste that need to be removed in order to implement lean systems are Motion-intensive jobs should be redesigned.
Therefore, Lean manufacturing is an approach that concentrates on reducing waste in production systems while also boosting productivity.
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which statement is true regarding the similarity between the preoperational period and the formal operations period?
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Both instances highlight the person's egocentrism. Animism is present in the person during both times.
Describe egocentrism.Egocentrism is the inability to discern between oneself and others. It is more precisely described as the inability to successfully assume or comprehend any perspective other than one's own. Egocentrism is a personality trait that can appear at any age, including infancy, early childhood, adolescence, and adulthood.
The fact that some egocentric behaviors do occur in adults, despite the fact that adults exhibit less egocentric behaviors than children, shows that overcoming egocentrism may be a lifetime endeavor that is never totally successful. Adults are quicker than children to correct from an egocentric perspective, not that they are less likely to initially adopt one. Because of this, adults seem to be less egocentric than kids.
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which statement is false about an introducing broker-dealer? a an introducing broker-dealer is not permitted to hold customer funds or securities b an introducing broker-dealer must sign a clearing agreement with a clearing broker-dealer c an introducing broker-dealer cannot accept trades from customers d an introducing broker-dealer must resolve any customer complaints
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"(c) An introducing broker-dealer cannot take transactions from clients," is the false claim made about such a broker-dealer.
Who is a dealer, exactly?Dealers are individuals or businesses that purchase and sell assets on their own behalf, whether through a dealer or not. In contrast to a trader who acts as a representative and performs orders on behalf of his customers, a dealer acts as just a principal when dealing for its own account.
How do dealers make a living?In addition to loans, car sellers can profit from the vehicle itself, your trade-in, warranty sales, and repair work. Discounts in some areas of the selling may be supported by profits in other areas. To increase its total profit, the store takes advantage of this reality.
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in monopolistic competition, compared to a firm with higher marginal cost, a firm with lower marginal cost will set a____price, produce output, and earn _____profits.
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In monopolistic competition, compared to a firm with a higher marginal cost, a firm with a lower marginal cost will set a lower price, produce more output, and earn higher profits.
Why is profit so high in a monopolistic firm compared with a competitive firm?A monopolist's desire to maximize profits is one of its traits. A monopolist can regulate the price and the quantity required because there is no competition in a monopolistic market. By equating a monopoly's marginal cost and marginal revenue, the level of output that maximizes profit can be determined.
The markup is the distinction between the price and the marginal cost. A perfect competition structure has a price that is equal to the marginal cost, hence there is no markup. Although the price is always higher than the marginal cost, monopolistic competition does, however, result in a product markup.
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If international trade takes place as a result of comparative advantage, it will cause which of the following effects in the participating countries??
a. Inequality among households will be reduced.
b. All individuals in each country will be better off.
c. The average well-being of people in both countries will increase. d. Both countries will grow faster over time.
e. All of the above.
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If international trade takes place as a result of comparative advantage, it will cause both countries will grow faster over time effects in the participating countries. Thus, option (d) is correct.
What is trade?Trade is a term used to describe economic activities. Trade is the term used to describe the purchasing and selling of goods and services. Trade can take many various forms, including both domestic and international trade. Trading in financial terms refers to the buying and selling of securities or other assets.
The comparative advantage of the international trade was the advantage on the both the country as the producing ability of goods and services. It was the growth of the economy. It was the goods exported and imported at a lower price are the created the opportunity.
As a result, the significance of the trade as the aforementioned. Therefore, option (d) is correct.
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You have estimated the value of a planned project by finding the present value (PV) of all the cash inflows from that project. Which of the following would cause the project to look more appealing (have a greater NPV)? A. The discount rate decreases. B. The cash flows are extended over a longer period of time, but the total dollar amount of the cash flows remains the same. C. The discount rate increases. D. Answers a. and b. are both correct. E. Answers b. and c. are both correct.
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The undertaking would appear more attractive if the discount rate were to decline (have a greater NPV).
What is NPV?By deducting the present value of cash outflows from the present value of cash inflows over a predetermined length of time, net present value (NPV), a financial measure, determines the worth of a venture or undertaking. A dollar received in the future is worth less than a dollar received today due to inflation and opportunity cost, which is reflected in the present value of financial transfers. A project or venture is lucrative when its net present value (NPV) is positive, while the opposite is true when it is negative. As it takes into account both the expenses and the benefits of an investment and includes the time worth of money, NPV is a crucial tool for making investment choices.
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What are the transaction costs of organising the purchase of a tourism product? Compare these costs when the transaction is carried out directly by the final consumer and when it is carried out by a tourism intermediary company.
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A direct distribution channel allows consumers to buy and receive goods directly from the manufacturer. An indirect channel moves products from the manufacturer through various intermediaries for delivery to the consumer.
Which of the following would be a valid reason why a policy premium would be higher than the standard premium?The insurer is not a member of the MIBThe agent quoted the wrong priceThe insured does not have the necessary financial reservesThe insured does not meet established underwriting requirements
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A valid reason why a policy premium would be higher than the standard premium the insured does not meet established underwriting requirements. Thus the correct option is the last one.
What is a policy premium?When you obtain an insurance plan, you must pay a fee which is called a Premium. An individual or company pays an annual premium in exchange for a policy of coverage. The amount you pay each month for health insurance is the health premium.
The compensation created by combining the reasonable rate with the appropriate exposures unit is known as the standard premium. Standard insurance is insurance at the standard rate if the risk is not related to knowledge assessment.
Therefore, the last option is appropriate.
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Suppose that Andrew, an economist from a college in Pennsylvania, and Beth, another economist from a graduate program in the Northeast, are both guests on a popular science podcast. The host of the podcast is facilitating their debate over health insurance. The following dialogue represents a portion of the transcript of their discussion: Beth: A popular topic for debate among politicians as well as economists is the idea of providing government assistance for health benefits. Andrew: I think it is oppressive for the government to tax people who take care of themselves in order to pay for health insurance for those who are obese. Beth: I disagree. I think government funding of health insurance is useful to ensure basic fairness. The disagreement between these economists is most likely due to differences in values Despite their differences, with which proposition are two economis Minimum wage laws do more to harm low-skilled worker Lawyers make up an excessive percentage of elected offl Despite their differences, with which proposition are two economists chosen at random most likely to agree? Minimum wage laws do more to harm low-skilled workers than help them. Lawyers make up an excessive percentage of elected officials. Tariffs and import quotas generally reduce economic welfare.
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Given their differences in values, the two economists chosen at random are most likely to agree that tariffs and import quotas generally reduce economic welfare. Tariffs and import quotas are economic interventions.
What is the interventions?Interventions are any strategies or activities that are used to bring about change in an individual, group or community. They can be used in many different contexts, including health, education and social services. Interventions can range from individual conversations to large-scale campaigns, and may involve a variety of activities, such as providing information, providing services, creating laws, or engaging in advocacy. The goal of interventions is to improve outcomes for the people or groups they are designed to help.
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The primary function of marketing and, more broadly speaking, the entire organization is to deliver value to the customer. The essential component in delivering value is the product experience, which is why it is considered the heart of marketing. Products can be classified in four ways. Two of the four classifications define the nature of the product tangibility and durability. The other two classification criteria deal with who uses the products consumers or businesses. It is important to understand the nature and use of a product because marketing strategies differ among the various product classifications. Consumers purchase thousands of products from an assortment of millions of choices. On the surface it may seem difficult to develop a classification system for the variety of products consumers purchase, but the reality is that consumer purchase habits fall into four broad categories: convenience, shopping, specialty, and unsought. Read the lists of goods and determine which respective categories they belong in. Drag and drop each item into the correct spot within the chart. Convenience Goods Watch HDTV Shopping Goods Specialty Goods Unsought Goods Gasoline Insurance Reset
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Delivering value to the customer is the main goal of marketing and, in a broader sense, the complete company. The product experience, which is regarded as promotion, is crucial to providing value.
What is the Role of Customers in Marketing?A group of activities known as marketing are concerned with developing, disseminating, providing, and exchanging offerings that are valuable to other people. In business, marketing's objective is to provide value to the customers that a company seeks to attract, win over, and retain.
Nevertheless, the function of marketing in business will be the main topic of this subject. Marketing creates a range of goods and services that the company bills consumers for. The bundle consists of the selling price, a non-tangible benefit or service, and a material good.
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Suppose the city council in a large city decides to pass a law which forces landlords to charge a maximum rent of $750 a month for a one bedroom apartment. Prior to the rent control, the average rent for a one-bedroom apartment was $1,750 a month.
Which of the following is likely to occur as a result of the price ceiling?
The answer above is an example of:
Which of the following is likely to occur as a result of the price ceiling?
Answer: Landlords will begin decreasing the quality of one bedroom apartments by not making repairs or paying for upkeep.
The answer above is an example of:
Answer: inefficiently low quality.
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A price ceiling is government-imposed limit on price that can be charged for a good or service.
What is a price ceiling?A price ceiling is a legal or government-imposed limit on the maximum price that can be charged for a particular good or service. It is usually set below the market equilibrium price, with the aim of making the product more affordable for consumers, especially those who may be struggling financially. However, setting a price ceiling can have unintended consequences, such as creating a shortage of the product or service, as suppliers are not able to cover their costs at the artificially low price. This can result in rationing, black markets, and reduced quality or availability of the product. Additionally, price ceilings may discourage new producers from entering the market, reducing competition and innovation. Price ceilings are often implemented in industries that are considered essential, such as housing, healthcare, or utilities, where the government wants to ensure affordability for consumers.
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Look at the newspapers for the past few days. What new Ethiopian economic statistics have been released? How do you interpret these statistics?
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Overall, economic statistics provide important insights into the health of an economy, but they should be interpreted carefully and in context.
What are Ethiopian economic statistics?Generally, Economic statistics are typically released by government agencies or other official organizations. They can include data on a wide range of economic indicators, such as gross domestic product (GDP), inflation rates, employment rates, and trade balances. These statistics are used to track the health of the economy and inform policy decisions.
When interpreting economic statistics, it is important to consider the context in which they are released.
For example, a high GDP growth rate may be seen as a positive sign of economic health, but if inflation is also high, it may indicate that the growth is unsustainable. It is also important to consider the long-term trends in the data and to compare the current statistics to historical trends.
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During 2024, a company sells 25 units of inventory. The company has the following inventory purchase transactions for 2024 : Calculate ending inventory and cost of goods sold for 2024 assuming the company uses the weighted-average cost method. (Round weighted-average unit cost to 4 decimal places. Round your final answers to the nearest dollar amount.)
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The cost of goods sold by the company is $56 per unit, and the ending inventory of the company is 5 units.
What is the weighted-average cost method?The Weighted Average Cost method of calculation of inventory uses a weighted average to calculate the amount that goes into the cost of goods sold and inventory. This method divides the cost of goods available for sale by the number of units available for sale.
Weighted average cost per unit = Total cost of Inventory / Total units
Weighted average cost per unit =$1,680 / 30=$56
Weighted average cost per unit = $56 per unit
Total units available for sale = 30 units
Units sold = 25
Ending inventory = 5 units
Under weighted average cost of goods sold and ending inventory is valued based on weighted average cost per unit.
Therefore, The COGS by the company is $56 per unit, and the closing inventory of the company is 5 units.
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Questions are attached
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Hobbies are activities you engage in.
What is the meaning of Hobbies?A habitual activity performed for enjoyment, usually in one's free time, is referred to as a hobby. Hobbies can be anything from playing sports to participating in creative and artistic endeavors to collecting themed products and artifacts.
A hobby is something you do for enjoyment. Hobbies are things you do on the side, usually unpaid and not professionally.
A regular, enjoyable activity that is carried out during one's free time is referred to as a hobby. Hobbies might include playing sports, participating in creative and artistic endeavors, collecting themed products, and other forms of entertainment.
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Adjustment for prepaid expense The prepaid insurance account had a beginning balance of $6,000 and was debited for $12,500 of premiums paid during the year. Journalize the adjusting entry required at the end of the year, assuming the amount of unexpired insurance related to future periods is $13,000. If an amount box does not require an entry, leave it blank. blank Account Debit Credit blank - Select - - Select -
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Prepaid insurance refers to payments made in advance to insurers by people and corporations for insurance services or coverage. Although premiums are typically paid a full year in advance, they occasionally may cover more than a full year.
These payments appear as a current asset on the balance sheet of an insurance firm if they are not used up or expire.
The Workings of Prepaid Insurance
Prepaid expenses are ones that a person or company pays for in advance of using them. A prepaid expenditure is regarded to be pre-paid insurance. The contract that is signed when someone buys pre-paid insurance typically extends into the future.
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Which of the following is the best equation for calculating the growth rate in the standard of living?
O Growth Rate of Population = ((Year 2 Population – Year 1 Population)/Year 1 Population) × 100%
O Growth Rate of Nominal GDP = ((Year 2 Nominal GDP – Year 1 Nominal GDP)/Year 1 Nominal GDP) × 100%
O Growth Rate of Real GDP = ((Year 2 Real GDP – Year 1 Real GDP)/Year 1 Real GDP) × 100%
O Growth Rate of Real GDP per Capita = ((Year 2 Real GDP per Capita – Year 1 Real GDP per Capita)/Year 1 Real GDP per Capita) × 100%
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D) Real GDP per Capita Growth Rate = ((Year 2 Real GDP per Capita – Year 1 Real GDP per Capita)/Year 1 Real GDP per Capita) 100 percent.
Which one of the following is the right way to figure out economic growth?The most common method for calculating GDP is to add up all of the money spent by consumers, businesses, and the government during a given time period. The equation is: GDP is the sum of consumer spending, investment by businesses, government spending, and net exports.
How is the real growth rate determined?The following real GDP figures will serve as the basis for your calculation of the real GDP growth rate: The growth rate of real GDP is equal to the ratio of real GDP in the most recent years divided by real GDP in the previous years.
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in financial menegment the procument of fund is done for
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In the context of business or government, procurement most frequently refers to the formal, official process of acquiring and receiving goods, services, or equipment. furthermore it's used for Estimating the amount of money needed is the first step in the function of funding procurement. Several forecasting exercises are necessary to determine the project's future requirements and the amount needed for working capital and fixed asset investments. Investment items that are not tied to construction are paid for through procurement allocations. Equipment items that are not subject to centralised item management and asset control and whose system unit cost reaches or exceeds the expense/investment threshold are included in this. Financial management is the study of raising money and using it wisely and effectively in light of the overall goals of the company.the expectations of the suppliers of funding. The goal of procurement is to achieve competitive rates for suppliers while providing the most value. Procurement management guarantees that all things and services are procured correctly in order for projects and processes to run smoothly and successfully. Procurement may be used to gain a competitive edge when it is optimised to save money, time, and resources. Raw materials, software, services, or items that directly assist the manufacture of the things your firm sells are examples.
On- the job training programs
(A) are all the same
(B) give a person the chance to earn while learning
(C) usually involve learning a skilled craft
(D) require a written agreement between the employee and employer
Answers
The majority of on-the-job training programs include acquiring a skilled trade. Hence, the answer is (C).
Who are called skilled craftsmen ?The only types of people who could join a guild in the European system of guilds were masters and journeymen. Before being chosen to become a master craftsman, a prospective master would need to advance up the career ladder from apprentice to journeyman.
Then, before he could join the guild, he would need to provide a certain amount of money and a work of art. He would not be permitted to join the guild and might end himself working as a journeyman for the rest of his life if the masters rejected the masterpiece.
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2. Activities included (and not included) in the calculation of GDP The gross domestic product (GDP) of the United States is defined as the market value of final goods and services produced within the United States all in a given period of time. Based on this definition, indicate which of the following transactions will be included in that is, directly increase) the GDP of the United States in 2020. 2020 GDP Included Excluded Scenario Calculo, a U.S. electronics company, produces a calculator at a plant in Indonesia on March 15, 2020. Calculo imports the calculator into the United States on May 3, 2020. Rotato, a U.S. tire company, produces a set of tires at a plant in Michigan on September 19, 2020. It sells the set of tires to Speedmaster for use in the production of a two-door coupe that will be made in the United States in 2020. (Note: Focus exclusively on whether production of the set of tires increases GDP directly, and ignore the effect of production of the two-door coupe on GDP.) An accountant starts a client's 2020 tax return on April 14, 2021, finishing it just before midnight on April 15, 2021. Fastlane, a Japanese automobile company, produces a sedan at a plant in Indiana on December 12, 2020. A family buys the sedan on December 24. Tasty's, a U.S. fast-food company, produces a hamburger at one of its many St. Louis locations on January 8, 2020. It sells the hamburger to a customer that same day.
Answers
GDP measures the total market value of all finished products and services produced in an economy during a specific year. Goods are tangible objects.
What activities are included and excluded in the GDP?The total sum of consumer spending, government spending, company investments, and net exports is known as the gross domestic product, or GDP. Any newly created goods made domestically are included in the GDP. The GDP does not include economic activities like paying taxes or selling illegal goods.
What activities are factored into the GDP calculation?The computation of a nation's GDP includes both private and public consumption, government expenditures, investments, additions to private inventories, paid-in building expenses, and the international balance of trade. (Exports are included in the value and
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A store owner reports that the probability that a customer who purchases a lawn mower will also purchase an extended warranty is 0.68. Which of the following is the best interpretation of the probability of 0. 68?O For all customers who purchase a lawnmower, 68% will also purchase an extended warranty.O For many rolls of the die, the long- run relative frequency of a number less than three landing face app is 1/3.O For all customers who purchase a lawnmower, 58% will also purchase an extended warranty.
Answers
Answer:
A
Explanation:
only answer that correlated to the equation
true/false. gabrielle, the electronics department team leader at a local target store, has a good working relationship with her employees. she believes in an open-door policy, and she encourages the open exchange of opinions in her department. gabrielle utilizes the analytical style of management.
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True. Gabrielle utilizes the analytical style of management, which emphasizes data-driven decision making and open communication.
What is management?Management is the process of organizing and controlling the activities and resources of an organization in order to achieve its goals. It consists of four main functions: planning, organizing, leading, and controlling. Planning involves setting goals and deciding how to achieve them. Organizing involves coordinating resources and activities to meet goals. Leading is the process of motivating and directing employees to achieve goals. Finally, controlling involves monitoring performance and making adjustments to ensure that goals are met. Management is a complex process that requires knowledge, skill, and expertise. It is essential for any business or organization to be successful. Good management helps ensure that resources are used efficiently and effectively, and that objectives are achieved.
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LENGAGE |
1
MINDTAP
y It-Ch. 14 Assignment
2.
3.
O
Cindy Jo's Hair Salon is concerned about its rising costs of supplies, energy, and labor, so it is considering investing in better equipment, which
hopefully will reduce the time required to perform most hairstyles as well as result in better perceived quality by its customers. It predicts that
the added investment will increase output levels as well as reduce energy costs, since some of the new equipment (hair dryers) use less
electricity.
Inputs and Outputs
Hairstyles per week
Labor costs per week
Energy costs per week
Material costs week
Capital investment
Productivity
Current (this year)
Current (this year)
290
$950
$390
$360
50
Using the given information, determine the current and expected single-factor and total productivity measures. Do not round intermediate
calculations. Round your answers to three decimal places.
haircuts/dollar
haircuts/dollar
haircuts/dollar
haircuts/dollar
Q Search this course
>
Expected (next year)
360
$990
$335
$395
$13,000
Expected (next year)
haircuts/dollar
haircuts/dollar
haircuts/dollar
haircuts/dollar
Labor
Energy
Material
Total
What is the percentage change in total productivity? Do not round intermediate calculations. Round your answer to two decimal places.
Check My Work
Answers
The percentage change in total productivity is 21.35%.
How did we get the value?To calculate productivity measures, we need to use the following formulas:
Single-factor productivity = Output/Input
Total productivity = Output/(Labor + Energy + Material)
Using the given information, we can calculate the current and expected productivity measures:
Current single-factor productivity for hairstyles per dollar of input:
Output/Input = 290 haircuts/($950 labor + $390 energy + $360 material) = 0.219 haircuts/dollar
Expected single-factor productivity for hairstyles per dollar of input:
Output/Input = 360 haircuts/($990 labor + $335 energy + $395 material) = 0.258 haircuts/dollar
Current total productivity for hairstyles per dollar of labor, energy, and material:
Output/(Labor + Energy + Material) = 290 haircuts/($950 + $390 + $360) = 0.459 haircuts/dollar
Expected total productivity for hairstyles per dollar of labor, energy, and material:
Output/(Labor + Energy + Material) = 360 haircuts/($990 + $335 + $395) = 0.557 haircuts/dollar
To calculate the percentage change in total productivity, we can use the following formula:
Percentage change in total productivity = ((New productivity - Old productivity) / Old productivity) x 100%
Percentage change in total productivity = ((0.557 - 0.459) / 0.459) x 100% = 21.35%
Therefore, the percentage change in total productivity is 21.35%.
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Jasmine runs a store that sells commercial kitchen equipment. She started the business with her own money and solely manages the day-to-day operations of the business. Which of the following is true in this scenario?
Multiple Choice
Jasmine can easily dissolve the business whenever she wants.
Jasmine must file articles of incorporation to start her business.
Jasmine’s business will be subjected to double taxation.
Jasmine will have to share her profits with stockholders.
Jasmine’s business will be constantly regulated by federal and state laws.
Answers
As Jasmine started the business with her own money and solely manages the day-to-day operations of the business, she can easily dissolve the business whenever she wants. This form of business is known as sole proprietorship.
What is sole proprietorship?A sole proprietorship, also known as a sole trader ship, individual entrepreneurship, or proprietorship, is a type of business owned and operated by a single person with no legal distinction between the owner and the business entity.
The sole trader receives all profits and is personally liable for all losses and debts. Every asset of the business is owned by the proprietor, as are all of the business's debts. The company does not have its own legal identity.
Therefore, the first scenario is true for Jasmine.
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