Answer:
<em>Total cost of product using the Activity-Based costing</em>
Particulars Amount
Material cost $10
Labor cost $15
Overheads cost under ABC <u>$16</u>
Total cost of product <u>$41</u>
Answer:
increases
higher
more
lower
lower
Explanation:
If the money supply is increased. individuals would have more money and consumption would increase. Increase in consumption would lead to a rise in demand.
when demand exceeds supply, prices rise,
When there is a rise in price, it encourages producers to increase production in order to increase their profit margin.
In order to expand production, more factors of production would be needed. So, more labour would be hired. thus, unemployment would fall.
it can be seen that higher inflation lowers unemployment
Answer: C
Explanation:
Wealth is the gradual gathering of profits, assets or income over a period of time. It is the gradual increase in ones assets over a sustained period.
Wealth creating transactions can be found both in contract enforcement and private property rights. The prosperity and economic development of a country can be attributed to the respect accorded to its citizens property rights.
Property rights gives room for entrepreneurship which can eventually lead to wealth accumulation. Contract enforcement also generate wealth for individuals.
I believe the answer is A) A decrease in the cost in the goods and services.
Answer:
$51. 15
Explanation:
The selling price is $58.82
The mark-up is 15% of the selling price.
The cost price is ???
The $58.82 is 115% of the cost price.
the cost price is 100%
cost price
= 58.82/115 x 100
= $0.5114 X 100
=$51. 15