Answer:
0.76%
Explanation:
Firstly we write out the production function to be
Y = K^0.34L^0.42.
So if we have inputs that are increased by 1%, we will now have a new production function which is
Y = (K + 0.01 of K)^0.34 (L + 0.01 of L)^0.42
We write this in terms of growth rate
The Growth rate of Y = 0.34 x the growth rate of K + 0.42 x the growth rate of L
This gives us the Growth rate of Y = 0.34 x 1% + 0.42 x 1%
= 0.34+0.42
= 0.76%
Answer: Sales promotion
Explanation: Sales promotion are special sales program used to draw customers to a particular product by applying price cuts for a particular period. Sales promotion are used simultaneously with adverts to pull customers to their product.
Answer:
Production Cost Report;Cost Reconciliation schedule,Equivalent units of Production;Unit Production Costs;Physical Units
Explanation:
Production Cost Report:A summary of both production quantity and cost data for a production department.
Cost Reconciliation schedule:Shows that the total costs accounted for equal the total costs to be accounted for.
Equivalent units of Production:Work done during a period expressed in fully completed units.
Unit Production Costs: Costs expressed in terms of equivalent units of production.
Physical Units:Actual units to be accounted for during a period, irrespective of any work performed.
Total Units Accounted for:Units transferred out during the period plus units in ending work in process.
Total manufacturing cost per unit:Unit materials costs plus unit conversion costs.
Units Transferred out:Total units accounted for minus units in ending work in process.
If your unemployment rate is high, that means you're making less money in all. If many people are without jobs, that means your labor force is also weak. Your employers will make a lot of cutbacks.
Answer:
b.112.3 days
Explanation:
The computation of the number of days' sales in inventory for the year is shown below:
Day inventory outstanding = {(Beginning inventory + ending inventory) ÷ 2}÷ cost of goods sold × number of days in a year
= {($200,000 + $140,000) ÷ 2} ÷ ($552,500) × 365 days
= ($170,000) ÷ ($552,500) × 365 days
= 112.3 days
