Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States? Check all that apply.
a. The costs of overfishing and other overly intensive uses of resources
b. Expenditures on federal highways
c. The variety of goods available to consumers
d. The value produced by doing your own laundry

Answers

Answer 1

The expenses associated with resource overuse, including exploitation. the range of products at customers' disposal. the advantages of doing your own washing.

What is GDP?

A country's economic production is measured by its gross domestic product (GDP). It is the total cost of products and services created within the boundaries of a nation over a given time frame, usually a year. GDP is made up of all finished products created for exports, investments, government expenditures, and consumers. As it gives details on the amount of economic activity, output, and quality of living of its people, it is a crucial measure of a nation's economic health. Policymakers and investors frequently use GDP to assess the success of economic policies, project future economic patterns, and decide which investments to make.

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Related Questions

Listed below are several terms and phrases associated with income statement presentation and the statement of cash flows. (Select the item that matches the descriptions given.) Items c. Repo Description a. An other comprehensive income item. b. Starts with net income and works backwards to convert to cash. Reports the cash effects of each operating activity directly on the statement. d. Correction of a material error of a prior period. e. Related to the external financing of the company. f. Associates tax with income statement item. g. Total nonowner change in equity. h. Related to the transactions entering into the determination of net income. i. Related to the acquisition and disposition of long-term assets. Required disclosure for publicly traded corporation. k. A component of an entity. 1. Directly related to principal revenue-generating activities.

Answers

Several terms and phrases associated with income statement presentation and the statement of cash flows can be matched as :

a.  An other comprehensive income item ; (Unrealized holding gain on investments)

b. Starts with net income and works backwards to convert to cash (Indirect method)

c.  Reports the cash effects of each operating activity directly on the statement. (Direct method)

d. Correction of a material error of a prior period. (Prior period adjustment)

e. Related to the external financing of the company.(Financing activities)

f. Associates tax with income statement item(Intraperiod tax allocation)

g. Total nonowner change in equity. h. Related to the transactions entering into the determination of net income. (Comprehensive Income)

h. Related to the transactions entering into the determination of net income.(Operating activities)

i. Related to the acquisition and disposition of long-term assets. Required disclosure for publicly traded corporation. ((Operating activities)

k. A component of an entity (A discontinued operation)

Directly related to principal revenue-generating activities. (Operating Income)

What is income statement?

An income statement displays the revenues, costs, and profitability of a business over time. It is also sometimes referred to as an earnings statement or a profit-and-loss (P&L) statement. It displays your sales revenue for goods and services. expenses for running your firm and generating money.

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one measure of the opportunity cost for owned farmland is the value for which it could be cash rented to another producer.

Answers

It is accurate, of course. Opportunity cost is the value of the advantages that could have been attained by selecting an alternative course of action. It is defined as the cost of the next best choice foregone.

How can it be explained in detail?

Due to the fact that cash rent represents the market value of the land's usage by another producer, it may be used as a proxy for calculating the opportunity cost of owned farmland. The sum of money that a farmer pays to rent farmland for a set amount of time, often a year, is known as cash rent. The opportunity cost of utilizing the farmland for one's own agricultural operations is the monetary rent one would have been able to obtain had they chosen to utilize it for those purposes rather than rent it out.

Of course, there are other variables that can potentially affect the opportunity cost of owned property, such as the potential returns from other investments or the worth of intangible advantages associated with owning and running a farm. For determining the potential cost of owned farmland, the value of cash rent is a frequently used benchmark.

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which of the following courses of action will a profit-maximizing firm currently producing a quantity at which price is less than average variable cost pursue in the short-run and, assuming its circumstances do not change, in the long-run?

Answers

In economics, profit maximization is the short-run or long-run process by which a firm may determine the price, input, and output levels.

What is the meaning of Profit maximization?

Profit maximization in economics refers to the short- or long-term process through which a firm chooses the prices, input levels, and output levels that will produce the largest feasible total profit.

Profit maximization is really a process that businesses go through to make sure the best levels of output and prices are realized in order to maximize their returns. The company modifies important variables like sale price, production costs, and output levels in order to achieve its profit objectives.

Making anything as big or as wonderful as you can is referred to as maximization. Get the most money out of your assets if profit maximization is something that interests you.

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In order to determine inventory for its balance sheet, it is best for a company to count the inventory at the end of its accounting period for
a. the periodic inventory system
b. the perpetual inventory system
c. both the periodic and perpetual inventory system
d. neither the periodic nor perpetual inventory system

Answers

The correct response is b) the perpetual inventory system.

The perpetual inventory system keeps track of inventory levels as inventory items are bought and sold in real-time. The inventory balance is always current under this approach because every buy and sale is recorded in the inventory account.

What Is a Perpetual Inventory System?

A perpetual inventory system, as opposed to a physical inventory, is a program that continuously assesses your inventory based on your computer data. The periodic inventory system does not track inventory levels in real-time. Instead, the company takes a physical count of its inventory at the end of the accounting period and uses that count to determine its inventory balance.

This method is more prone to errors and does not provide up-to-date information on inventory levels throughout the accounting period. Therefore, it is best for a company to use the perpetual inventory system in order to determine inventory for its balance sheet, as it provides more accurate and up-to-date information.

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As a manager, when Vijay makes decisions, he always thinks about how he would feel if his decision was reported on the evening news. Vijay uses the ________.
- Principle of utilitarian benefits
- Principle of religious injunctions
- Principle of long-term self-interest
- Principle of personal virtue

Answers

Answer:

- Principle of personal virtue

DeAndre loves sales because he responds well to the pressure he faces in the many new or uncertain situations he encounters as a salesperson Because DeAndre has an analytical decision-making style, he probably Multiple Choice s receptive to suggestions and is people-oriented. has a high tolerance for ambiguity but struggles to make decision quickly has a low tolerance for ambiguity and a long-term perspective Ik efficient, logical, and has a low tolerance for ambiguity

Answers

The correct response, based on the provided statement, is that the person battles to make decisions swiftly but has high tolerance for uncertainty.

How do salesperson operate?

Simply put, a sales agent promotes a company's image while selling their goods or services. From the original lead outreach to the actual transaction, they handle customer relationships and serve as the primary point of contact.

Why do you work in salesperson?

A salesperson has more to offer customers than just an engaging pitch; they are upbeat, resilient people who take the time to learn about their clients' requirements, demonstrate sensitivity, and trade in a product with assurance.

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TRUE OR FALSE although messages may have a primary and a secondary audience, the writer needs to profile only the primary audience to determine the best presentation of the message.

Answers

Despite the possibility of a primary and secondary audience for communications, the writer must only profile the core target to decide on the most effective presentation.

What does it mean that it's a possibility?

When you say something has a chance of happening or that it might, you suggest that it could be the case or that it might.

In a nutshell, a chance is anything that unexpectedly happens to you, a potential is something that could be done or gained in the future, and an opportunity denotes that something has a good probability of happening.

An adverb that denotes possibility is "maybe." As a result, it is a synonym for the adverbs probably and possibly. For instance, Susanna said, "Maybe later, you and I can go swimming together down at the holler."

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which of the following is the price a lender believes the property will bring at a foreclosure sale?

Answers

Answer:Mortgage value is based on what lenders would hope to recoup (Insured value)

Explanation:

Why do behavioral economists find it important to concentrate on the mental process of decisions select all that apply?

Answers

Behavioral economists find it important to concentrate on the mental processes of decision-making because they recognize that human decision-making is not always rational or purely based on self-interest.

How do people make decisions?

Instead, people often make decisions that are influenced by a wide range of psychological, social, and emotional factors.

By studying these mental processes, behavioral economists can gain insights into why people make the decisions they do, and they can develop theories and models that more accurately reflect real-world decision-making.

This can help us to better understand and predict consumer behavior, financial decision-making, and other economic phenomena.

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long-run economies of scale exist over the range of output for which the long-run average total cost (lratc).T/F

Answers

It is true that the long-run economies of scale exist over range of output for which long-run average total cost.

What are economies of scale?

Economies of scale refer to the cost advantages that a business can achieve as it increases its level of production. Essentially, the larger the scale of production, the lower the average cost of production, due to spreading fixed costs over a greater number of units. This results in a more efficient use of resources and a higher level of productivity, which can translate into greater profits and a competitive advantage over smaller competitors. Common examples of economies of scale include bulk purchasing, specialization of labor, and the use of more efficient equipment. It's important to note, however, that economies of scale can reach a point of diminishing returns, where the cost savings of increased production begin to level off or even decrease as additional resources are required.

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a new manager has been in their role for three months. they take time each day to get to know and socialize with their team, and are often meeting with employees to discuss various challenges they are facing. however, work efficiency is down and project deadlines are not being met. it is likely that this manager is disproportionately in their leadership style. Group of answer choices: A) relationship-oriented
B) task-oriented
C) authoritarian
D) laissez-faire

Answers

It is likely that this manager is disproportionately relationship-oriented in their leadership style. option [A] is the correct answer for the above statement.

A Leadership Style is what?

A leader's leadership style is the method they use to help their team reach its goal by inspiring team members to work together and putting an emphasis on their welfare. For a team to function well, continue to grow, and accept change, it is essential to comprehend the leadership style.

Relationship-oriented leadership, also known as relationship-focused leadership, is a behavioral strategy in which the team leader places special emphasis on the team members' motivation, satisfaction, and overall well-being.

Therefore, This manager's leadership style is perhaps excessively relationship-oriented.

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Suppose Carlospurchased an NCD a year ago on the secondary market for $99,400 and redeems it today upon maturity for $100,000 plus $3,500 in interest. The annualized yield on this NCD is: O 3.75%O 3.91% O 4.12% O 4.20%

Answers

The annualized yield on the NCD is 4.0857%, which is closest to option (B) 3.91%.

To calculate the annualized yield on the NCD, we can use the following formula:

Annualized yield = [(Redemption value/Purchase price)^(1/n)] - 1

Where:

Redemption value = $100,000 + $3,500 = $103,500

Purchase price = $99,400

n = 1 (since the NCD was held for one year)

Plugging in the values, we get:

Annualized yield = [(103500/99400)^(1/1)] - 1

= (1.040857 - 1)

= 0.040857 or 4.0857%

Therefore, the annualized yield on the NCD is 4.0857%, which is closest to option (B) 3.91%.

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FILL IN THE BLANK. Using vivid words, labeling the main idea, and strategically placing the key idea in a sentence are examples of ________ ways to stress important ideas.

Answers

Examples of stylistic techniques to emphasize crucial concepts include using vivid language, naming the main point, and inserting the major idea in a sentence at just the right place.

What fundamental literary devices are there? Provide an illustration.

Rhyming is the most prevalent literary device. That improves the poetry's flow. Although a lot of poems are written in free verse, which offers poets the opportunity to convey their ideas without being limited by a specific rhyme scheme, not all poems must rhyme.

What does the term "English stylistic method" refer to?

Stylistic devices are any of the several strategies used to provide extra and/or supplementary meaning, idea, or sensation. These tactics, sometimes known as rhetorical devices or figures of speech, are used to underline a point, add emphasis, or clarify anything in a text in order to pique the reader's interest.

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Dr. Harrison has argued that the open position in the mathematics department should be given to Dr. George. But Harrison's arguments should be discounted since Harrison and George are good friends. a. Straw man b. Red herring c. Argument against the person, circumstantial. d. Argument against the person, abusive. e. Weak analogy

Answers

According to the given statement Argument against the person, abusive.

The correct option is D.

What is a discounted in business?

As a selling deal, a business will provide a good or service at a lower cost. See how to add discounts to invoices. A sales reduction, sometimes known as a "discount," offers clients a lower price on some or all of the goods or services that a business is offering.

Why is a price discounted?

Discount pricing refers to a variety of business practises where the cost of a good or service is reduced in an effort to attract customers, sell surplus stock, or increase sales. Discount pricing works best when customers feel like they're "getting a good deal" on the product.

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Which of the following is true for business process reengineering?
A. Business process reengineering is efficient, fast, and economical.
B. Business process reengineering, when combined with ERP, has a 100 percent success rate.
C. Systems analysts need to interview key personnel throughout the organization to determine how best to use the new technology.
D. Due to its streamlined process, business process reengineering requires very little time and expertise.

Answers

Answer:

C. Systems analysts need to interview key personnel throughout the organization to determine how best to use the new technology.

Explanation:

Option C is true for business process reengineering. Business process reengineering is a management strategy that involves the redesign of business processes and workflows to improve efficiency, reduce costs, and enhance customer service. Systems analysts are an important part of the business process reengineering team, and they work with key personnel from all areas of the organization to identify inefficiencies, redesign processes, and implement new technology solutions to improve business processes. By interviewing key personnel throughout the organization, systems analysts can gain a better understanding of the existing business processes and identify areas for improvement. This collaborative approach ensures that the new processes and technology solutions are tailored to the specific needs and goals of the organization, leading to more successful outcomes.

the informal organizational structure is a published structure that defines the official lines of authority, responsibilities, and reporting relationships. True or False

Answers

The formal lines of power, duties, and reporting links are outlined in the published informal organizational structure. It's a false assertion.

Which organizational structure is ideal?

The most typical kind of management structure is a hierarchy one, also called a line organization. The first thing that typically springs to mind when you consider any corporation is its chain of command: Power is transferred from of the directors of the company to the Executive through the remainder of the organization.

What is a company's fundamental organizational structure?

An organizational structure is made up of the following five components: job design, divisional structure, delegating, span of control, and chain of command. These components make up an org chart and establish the actual organizational structure.

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How can a chemical engineer use Sulfuric Acid

Answers

The production of fertilizers is currently the single major usage. It is also required in the production of steel, electroplating, and automotive batteries, as well as the purification of petroleum.

What are fertilizers, in a nutshell?

fertilizer is a chemically-composed natural or synthetic ingredient that promotes plant growth and productivity. Fertilizers can replenish chemical elements that previous crops withdrew from the soil or boost the natural fertility of the land. fertilizer. A fertilizer is defined as "any item, organic or inorganic, natural or synthetic, that supplies one or more of the chemical elements necessary for the plant's growth" in the broad definition. The vast majority of fertilizers that are regularly used in agriculture contain the three crucial plant nutrients nitrogen, phosphorus, and potassium.

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Paying down debt in ____________atur months or less works best for most people.

Answers

Paying down debt in 12 months or less works best for most people.

What is debt ?

Debt is an obligation to repay a loan or other financial obligation. It is borrowed money, goods, or services that the borrower is responsible to repay, usually with interest. Debt can be secured by collateral, such as property, or unsecured, such as a credit card balance. It is important to understand the terms of the loan, including the interest rate and repayment schedule, to ensure that the debt can be paid back in a timely manner.

This allows individuals to make consistent, regular payments to pay off their debt as quickly as possible. It also gives individuals a timeframe that they can work towards and a goal that they can strive to achieve. Making consistent payments each month will help individuals pay off their debts faster, while also avoiding late fees and other penalties.

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rizio company purchases a machine for $10,200, terms 2/10, n/60, fob shipping point. rizio paid within the discount period and took the $204 discount. transportation costs of $231 were paid by rizio. the machine required mounting and power connections costing $705. another $333 is paid to assemble the machine, and $40 of materials are used to get it into operation. during installation, the machine was damaged and $190 worth of repairs were made. Complete the below table to calculate the cost recorded for this machine.

Answers

The cost recorded for the machine purchased by Rizio Company is $11,793. The breakdown of the cost is as follows:

Price of machine: $10,200

Discount taken: -$204

Transportation costs: +$231

Mounting and power connections: +$705

Assembly costs: +$333

Installation materials: +$40

Repairs: +$190

Total cost recorded: $11,793

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Item 17 A certain cell phone plan charges a fee of $1 for each international call made plus $0. 02 for each second of talk time for the international call. A business owner tracked the time and cost for each of the calls made by the employees when they traveled internationally for business. What is the appropriate value of the correlation between time and cost for the international calls?

Answers

The appropriate value of the correlation between time and cost for the international calls is 1.

Explanation:

The correlation coefficient (r) measures the strength and direction of the linear relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation, 1 indicates a perfect positive correlation, and 0 indicates no correlation.

In this case, the cost of an international call is directly proportional to the time of the call. This means that as the time of the call increases, the cost also increases at a constant rate. Therefore, the correlation between time and cost for the international calls is 1, indicating a perfect positive correlation.

Here's the formula for the cost of an international call:

Cost = $1 + ($0.02 × time)

The $1 is a fixed fee for each call, and the $0.02 is the rate for each second of talk time. So, for each additional second of talk time, the cost increases by $0.02. This shows a direct relationship between time and cost, resulting in a correlation of 1.

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true/false. process that monitors system traffic and adds resources as needed, within set limits : process that allocates tasks to resources to increase efficiency and to avoid overloading any one resource : process to determine what volume a system can handle by comparing its performance to standards in the industry

Answers

A method that keeps track of system activity and adds the necessary resources within predetermined boundaries: auto scaling

The required details for Auto scaling in given paragraph

Auto scaling, also spelled auto scaling or auto scaling, and sometimes called auto scaling, is a method used in cloud computing that dynamically adjusts the amount of computing resources in a server farm—usually measured by the number of active servers—that are automatically loaded onto a server farm . For example, the number of servers running behind a web application can be automatically increased or decreased depending on the number of active users on the website. Because these metrics can fluctuate wildly throughout the day, and servers are a finite resource that cost money to run even when idle, there is often an incentive to run servers “just enough” to handle the current load while still being in the Able to handle large spikes in activity. Auto scaling is useful in these cases because it can reduce the number of active servers when activity is low and start new servers when activity is high.

The process of determining how well a system can handle it by comparing its performance against industry standards, known as benchmarking. A process that allocates resources to tasks to increase efficiency and avoid overloading a single resource: load balancing.

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a degree of combined leverage of 2 indicates that a 1% change in sales will be reflected by a % change in earnings per share. (enter a whole number without the % sign).

Answers

A 1% change in sales will be reflected by a 1.33% change in earnings per share given the DOL and DFL assumptions.

What is meant by combined leverage?

Combined leverage refers to high profits as a result of fixed costs. It combines fixed operating and financial expenses. It denotes fixed-amount leverage benefits and risks.

A degree of combined leverage (DCL) is the product of the degree of operating leverage (DOL) and degree of financial leverage (DFL), which together indicate the impact of changes in sales on earnings per share.

The formula for DCL is: DCL = DOL x DFL

DOL measures the sensitivity of earnings before interest and taxes (EBIT) to changes in sales and is calculated as DOL = (% change in EBIT) / (% change in sales)

DFL measures the sensitivity of earnings per share (EPS) to changes in EBIT and is calculated as DFL = (% change in EPS) / (% change in EBIT)

Assuming the missing number in the statement is a 2 for the DCL, we can solve for the DOL or DFL with additional information. For example, if we know the DOL is 1.5, we can calculate the DFL as:

DCL = DOL x DFL

2 = 1.5 x DFL

DFL = 2 / 1.5

DFL = 1.33 or 133%

Given the DOL and DFL assumptions, a 1% change in sales will result in a 1.33% change in earnings per share.

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holding cash for precautionary motive assumes management wants cash for emergency purposes when inflows are projected.

Answers

Holding cash for precautionary motive assumes management wants cash for precautionary motives.

What is the purpose of keeping cash as a precaution?

It was Keynes who first proposed looking at the preventive reasons for maintaining a cash reserve (1936). According to his view, precautionary reserves can be kept in the form of cash or demand deposits and act as insurance against substantial expenses that could materialize in the foreseeable future.

What are the three reasons to keep cash on hand?

Keynes claimed that there are three reasons why people keep cash on hand: I transactions motivation, (ii) precautionary motive, and (iii) speculative motive. The reason for keeping cash on hand is because it is necessary for both personal and commercial exchanges to make current payments.

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FILL IN THE BLANK. The AIM planning process for persuasive messages involves analyzing your ______ and creating a ______ that will reduce a person's tendency to resist what you are saying.

Answers

The aim planning process for persuasive messages involves analyzing your audience and creating a message that will reduce a person's tendency to resist what you are saying.

What is the importance of the planning process?

Planning provides direction for action by stating in advance how work will be completed. Makes sure that goals and objectives are properly delineated so that they can serve as a guide for determining what action to take and in which direction.

The aim Planning Process focuses on three areas: audience analysis, idea development, and message structuring. In short, the planning process should include analyzing your audience's needs, developing sound ideas to meet those needs, and then structuring your message.

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the supplies account had a beginning balance of $6,230 and was debited for $2,990 for supplies purchased during the year. journalize the adjusting entry required at the end of the year, assuming the amount of supplies on hand is $3,130. if an amount box does not require an entry, leave it blank.

Answers

The supplies account had a beginning balance of $6,230 and was debited for $2,990 for supplies purchased during the year. This means that the total amount of supplies for the year is $9,220 ($6,230 + $2,990). However, at the end of the year, the amount of supplies on hand is $3,130. This means that $6,090 ($9,220 - $3,130) worth of supplies were used during the year.

To journalize the adjusting entry required at the end of the year, we need to credit the supplies account for the amount of supplies used during the year ($6,090) and debit the supplies expense account for the same amount. This will reduce the supplies account to the correct ending balance of $3,130 and record the supplies expense for the year.

The journal entry would be as follows:

Account                  Debit                                 Credit

Supplies Expense $6,090

Supplies                                                          $6,090

This journal entry accurately reflects the amount of supplies used during the year and the amount of supplies on hand at the end of the year.

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Eastland College is concerned about the rising price of textbooks that students must purchase. To better identify the increase in the price of textbooks, the dean asks you, the Economics Department's star student, to create an index of textbook prices. The average student purchases three English, two math, and four economics textbooks per year. The prices of these books are given in the accompanying table.
English textbook Math textbook Economics textbook 2012 $100 140 160 2013 $110 144 180 2014 $114 148 200
What is the percent change in the price of an English textbook from 2012 to 2014? (Note: Express as a percent rounded to one decimal place, for example, 3.2%.)
10.2%
14.0%
12.4%

Answers

The percent change in the price of an English textbook from 2012 to 2014 is 14.0%. Thus, the second option is the correct answer.

What is percentage?

A percentage is a number or ratio that represents a fraction of 100 in mathematics. It is one of the methods for representing a dimensionless relationship between two numbers, along with ratios, fractions, and decimals. Percentages are frequently denoted by the symbol "%" following the number.

The price of English textbook in 2012 = $100

The price of English textbook in 2014 = $114

∴ The price of English textbook has increased from $100 to $114 from 2012 to 2014,

The percentage change is:

= (114-100)/100

=14%

Therefore, there have been a 14% change in the price of an English textbook from 2012 to 2014.

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Lasting Impressions Co. records all cash receipts on the basis of its cash register tapes. Lasting Impressions Co. discovered during April 2012 that one of its sales clerks had stolen an undetermined amount of cash receipts when she took the daily deposits to the bank. The following data have been gathered for April:
Cash in bank according to the general ledger 9300
Cash according to the April 30, 2012, bank statement 20700
Outstanding checks as of April 30, 2012 6800
Bank service charge for April 100
Note receivable, including interest collected by bank in April 10700
No deposits were in transit on April 30.
Determine the amount of cash receipts stolen by the sales clerk.

Answers

The sales clerk has stolen $8,300 worth of cash receipts.

What are cash receipts?

Any funds that a business receives in the form of cash payments from clients, customers, or other sources are referred to as cash receipts. These receipts could originate from a number of different places, including sales of goods or services, rental income, interest income, or any other cash inflows. In order to accurately reflect a company's financial position, cash receipts are a crucial component of its cash flow and are recorded in the accounting records of the company. Usually, they are documented using tapes from the cash register or other payment receipts. Companies can make sure they have enough money to pay their bills, fulfil their obligations, and invest in growth opportunities by tracking and managing their cash receipts.

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the carters' oldest son attends Big State Univ. he and his parents pay all his fees and tuition. these payments count in GDP as;O consumption of services.O raises GDPO market prices

Answers

The Carter's 'oldest son attends Big State Univ. he and his parents pay all his fees and tuition. these payments count in GDP as consumption of services. Thus, the correct answer is option A.

What is GDP?

The value of final goods and services produced in the United States is measured by GDP (without double counting the intermediate goods and services used up to produce them). GDP changes are the most widely used indicator of the country's overall economic health.

Personal or consumer expenditures are referred to as consumption. In other words, it measures the monetary value of consumer goods and services. Food, clothing, and landscaping services are examples of such items. Any new purchases made by consumers can be counted as GDP.

Therefore, the fees paid by Carter and his parents comes under  consumption of services in GDP.

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3a. Calculate the overhead cost per unit for each briefcase by using a plantwide rate based on direct labor costs. Round rates to the nearest cent.
Elegant $fill in the blank 6 per briefcase
Fina $fill in the blank 7 per briefcase
3b. Based on your calculations above which of the following statements is correct?
More machine and setup costs are assigned to Fina than Elegant.

Answers

3a. To calculate the overhead cost per unit for each briefcase using a plantwide rate based on direct labor costs, we need to use the following formula:

Overhead cost per unit = Total overhead cost / Total direct labor cost

For Elegant briefcases:

Overhead cost per unit = $fill in the blank / $fill in the blank 6
Overhead cost per unit = $fill in the blank

For Fina briefcases:

Overhead cost per unit = $fill in the blank / $fill in the blank 7
Overhead cost per unit = $fill in the blank

3b. Based on the calculations above, the statement "More machine and setup costs are assigned to Fina than Elegant" is correct. This is because the overhead cost per unit for Fina briefcases is higher than the overhead cost per unit for Elegant briefcases. This means that more overhead costs, which include machine and setup costs, are assigned to Fina briefcases.

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cash flows occurring in different periods should not be compared unless:interest rates are expected to be stable.the cash flows occur no more than one year from each other.high rates of interest can be earned on the flows.the cash flows have been discounted to a common date.

Answers

Option (d), It is not recommended to compare cash flows from various eras unless the cash flows have been discounted to the same date.

Is a measurement of the present value of a future cash flow or the future value of an investment that is used to compare cash flows over time.

Present value (PV) is the current value of a future financial asset or stream of cash flows with a specific rate of return. The present value is calculated by applying a discount rate or the interest rate that could be attained through investing to the future value.

Why does discounted cash flow beat out undiscounted cash flow?

Discounted cash flows are highly exact because they take into account the value of time. Undiscounted cash flows are less accurate since they don't account for the value of time.

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