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3 years ago

economic growth is the process through which the economy's potential output is increased true or false

Business

1 answer:

lesya [120]3 years ago

4 0

Answer:

False

Explanation:

The given sentence is false as we know, economic growth is the increment in the inflation-adjusted business amount of the services and goods generated by economics above time. It is conventionally estimated as the percent valuation of accretion in the actual GDP. The commercial germination valuations of countries are generally distinguished adopting a specific ratio of the GDP to population or per-capita earnings.

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Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018: Factory rent $ 42,000

Doss [256]

Answer:

Results are below.

Explanation:

1) Direct materials are those materials and supplies that are consumed during the manufacture of a product, and which are directly identified with that product.

Direct material= Thread + Premium quality cotton material + Buttons

Direct material= 1,000 + 42,000 + 750

Direct material= $43,750

2) Direct labor is production or service labor that is assigned to a specific product, cost center, or work order. 

Direct labor= Wages paid to seamstresses + Wages paid to cutters Direct labor= 75,000 + 50,000

Direct labor= $125,000

3) Manufacturing overhead refers to indirect factory-related costs that are incurred when a product is manufactured.

Manufacturing overhead= Factory rent + Utilities for factory + Cutting room supervisor's salary + Factory insurance + Depreciation on sewing machines

Manufacturing overhead= 42,000 + 22,000 + 30,000 + 15,000 + 6,000

Manufacturing overhead= $115,000

4) Total manufacturing costs= 43,750 + 125,000 + 115,000

Total manufacturing costs= $283,750

5) Prime cost= direct material + direct labor

Prime cost= 43,750 + 125,000

Prime cost= $168,750

6) Conversion cost= direct labor + MOH

Conversion cost= 125,000 + 115,000

Conversion cost= $240,000

7) Period costs are not directly tied to the production process. Overhead or sales, general, and administrative (SG&A) costs are considered period costs. SG&A includes costs of the corporate office, selling, marketing, and the overall administration of company business.

Period costs= Company advertising + Depreciation on salespersons' vehicles + President's salary

Period costs= 18,000 + 25,000 + 75,000

Period costs= $118,000

8 0

3 years ago

A poll asked adults in a certain country whether immigration was a good thing or a bad thing for the country. out of 10871087 r

Lubov Fominskaja [6]

A

395395/10871087 x 100%= 3.64% of people said it was a good thing

7 0

3 years ago

Grouper Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Item

zhuklara [117]

Answer:

Normal profit was missing, so I looked for it:

Item Q Cost Cost to Estimated Cost Normal*

No. p/ unit replace selling price of Completion profit

and Disposal

1320 1,500 $3.87 $3.63 $5.45 $0.42 $1.38

1333 1,200 $3.27 $2.78 $4.24 $0.61 $0.67

1426 1,100 $5.45 $4.48 $6.05 $0.48 $0.47

1437 1,300 $4.36 $3.75 $3.87 $0.30 $0.25

1510 1,000 $2.72 $2.42 $3.93 $0.97 $1.18

1522 1,200 $3.63 $3.27 $4.60 $0.48 $0.84

1573 3,300 $2.18 $1.94 $3.03 $0.91 $0.93

1626 1,300 $5.69 $6.29 $7.26 $0.61 $1.56

we have to first determine the ceiling NRV and floor NRV

Item Cost to Estimated Cost NRV NRV

No. replace selling price of Completion ceiling floor

and Disposal

1320 $3.63 $5.45 $0.42 $5.03 $3.65

1333 $2.78 $4.24 $0.61 $3.63 $2.96

1426 $4.48 $6.05 $0.48 $5.57 $5.10

1437 $3.75 $3.87 $0.30 $3.57 $3.32

1510 $2.42 $3.93 $0.97 $2.96 $1.78

1522 $3.27 $4.60 $0.48 $4.12 $3.28

1573 $1.94 $3.03 $0.91 $2.12 $1.19

1626 $6.29 $7.26 $0.61 $6.65 $5.09

we have to determine the market value:

Item Cost to NRV NRV Market value

No. replace ceiling floor (middle of the 3)

1320 $3.63 $5.03 $3.65 $3.63

1333 $2.78 $3.63 $2.96 $2.96

1426 $4.48 $5.57 $5.10 $5.10

1437 $3.75 $3.57 $3.32 $3.57

1510 $2.42 $2.96 $1.78 $2.42

1522 $3.27 $4.12 $3.28 $3.28

1573 $1.94 $2.12 $1.19 $1.94

1626 $6.29 $6.65 $5.09 $6.29

Item Market value Cost Quantity Inventory

No. per unit value

1320 $3.63 $3.87 1,500 $5,445

1333 $2.96 $3.27 1,200 $3,552

1426 $5.10 $5.45 1,100 $5,610

1437 $3.57 $4.36 1,300 $4,641

1510 $2.42 $2.72 1,000 $2,420

1522 $3.28 $3.63 1,200 $3,939

1573 $1.94 $2.18 3,300 $6,402

1626 $6.29 $5.69 1,300 $7,397

total $39,406

7 0

4 years ago

Carolina is trying to sell her car, and the lowest amount she is willing to accept is $2,000. Abdul is interested in buying the

andreyandreev [35.5K]

Answer:

Abdul's surplus= $400

Total surplus=$500

Explanation:

Consumer surplus can be defined as the amount a consumer is willing to pay and the amount he actually paid (which is usually less).

Given:

Carolina willing selling price=$2,000

Abdul willing buying price=$2,500

Abdul negotiated price=$2,100

Abdul is willing to pay $2,500 but he negotiated $2,100

Abdul's surplus= $2,500-$2,100

=$400

Total surplus= Abdul's willing price - carolilina's willing price

Total surplus= $2,500 - $2,000

= $500

3 0

4 years ago

Read 2 more answers

Which statement correctly describes the current state of instant messaging in the workplace? Multiple Choice It is an establishe

vfiekz [6]

Answer:

It is a relatively new, undeveloped form of communication in the workplace, and attitudes toward it vary.

Explanation:

4 0

3 years ago