Answer:
d. demand curve for X to the right.
Explanation:
A normal good refers to a product or service whose demand increases as consumer income increases. Improvements in economic conditions in the country also cause the demand to increase.
A demand curve illustrates how price relates to the quantity demanded. The demand curve is downward sliding ina graph. Changes in the quantity ordered results in shifts in the position in the graph. An increase in demand makes the demand curve to shift outwards, or to shift to the right.
Answer:
5.70%
Explanation:
Stock return for Normal state of economy
= 0.15 × 10.9 + 0.51 × 4.3 + 0.34 × 13.3
= 8.35%
Stock return for Boom state of economy
= 0.15 × 18.2 + 0.51 × 26.2 + 0.34 × 17.7
= 22.11%
Weighted average return
= 0.78 × 8.35 + 0.22 × 22.11
= 11.38%
Standard deviation = Normal probability state of economy × (Stock return for Normal state of economy - Weighted average return)^number of years + Boom probability state of economy × (Stock return for Boom state of economy - Weighted average return)^number of years)^percentage
= 0.78 × (8.35 - 11.38)^2 + 0.22 × (22.11 - 11.38)^2)^0.5
= 5.70%
Answer: b. shoe-leather costs
Explanation:
This is the shoe-leather cost inflation. It refers to the time and effort expended by people to ensure that they are able to avoid their cash losing too much value to inflation. Includes for instance, going to the bank multiple times because you are holding little cash on hand so it does not lose value.
It is named shoe-leather costs as a play on words because it is assumed that the time and effort put will result in walking around alot and degrading the quality of your shoes.
Answer: Option A
Explanation: Determine priorities and set realistic goals
Answer:
$44,268
Explanation:
Calculation for What is the total manufacturing overhead for the current product order if the firm uses a plantwide rate based on direct labor-hours
First step is to calculate the Plant-wide Overhead Rate using this formula
Plant-wide Overhead Rate = Total Overhead / Total Direct Labor Hours
Let plug in the formula
Plant-wide Overhead Rate = $632,400 / 4,800 hours
Plant-wide Overhead Rate = $131.75
Now let calculate the total manufacturing overhead for the current product order
Using this formula
Current product order Total Manufacturing Overhead = Plant-wide Overhead Rate * Direct Labor Hours
Let plug in the formula
Current product order Total Manufacturing overhead= $131.75 *336 hours
Current product order Total Manufacturing overhead= $44,268
Therefore the total manufacturing overhead for the current product order if the firm uses a plantwide rate based on direct labor-hours will be $44,268
