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jarptica [38.1K]
3 years ago
7

Problem 21-3a part 1&2 required: 1&2. prepare flexible budgets for the company at sales volumes of 14,000 and 16,000 uni

ts and classify all items listed in the fixed budget as variable or fixed.

Business
1 answer:
Arada [10]3 years ago
7 0

<span>Below is the flexible budgets for the company at sales volumes of 14,000 and 16,000 units and classify all items listed in the fixed budget as variable or fixed.</span>

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Amy is the founder of a small IT firm that specializes in social networking applications. She meets weekly with the members of h
Brut [27]

Answer:

Passion

Explanation:

Amy is demonstrating that she has passion, hence the reasons, she meets weekly with the member of her development teams to solicit ideas and address their concerns.

7 0
3 years ago
You buy a lottery ticket to a lottery that costs $10 per ticket. There are only 100 tickets available to be sold in this lottery
bazaltina [42]

Answer:

-$2.4

Explanation:

Costs of lottery ticket $10 per ticket.

100 tickets available to be sold

One $430 prize

two $105 prizes

four $30 prizes

100 available tickets -7 prizes= 93

P(430) = 1/100

P(105) = 2/100

P(30) = 4/100

P(-10) = 93/100

-10(93/100) + 30-10 (4/100) + 105-10 (2/100) + 430-10 (1/100)

= -10(93/100) + 20(4/100) + 95(2/100) + 420(1/100)

= -9.3 + 0.8 + 1.9 + 4.2 = -2.4

Therefore the expected loss will be $2.4

5 0
3 years ago
Zen Corp, an Australian company, and Pluto Inc, an American company, entered into a one-time contract to build an elevated expre
Marina CMI [18]

Answer: Joint Venture

Explanation:

Joint Venture is a form of business whereby two parties will have to come together and utilize their resources and put their skills together as well in order to achieve a common goal.

Zen Corp, an Australian company, and Pluto Inc, an American company, entered into a one-time contract to build an elevated expressway in Florida. The contract was for a period of five years and both companies were equally liable under their agreement. This is a form of joint venture.

7 0
3 years ago
An economy is operating with output $300 billion below its natural rate, and fiscal policymakers want to close this recessionary
saw5 [17]

Answer and Explanation:

a. The computation is shown below;

As we know that

Y/G = 1 ÷ (1-MPC)

Here

Y = $300 billion,

MPC = 0.75

So,  

300 ÷ G = 1 ÷ 0.25

G = $75

So the government should rise the spending by $75 in order to close out the recessionary gap

So, the government should increase the spending by $30 to close the recessionary gap.

8 0
3 years ago
16. GDP Growth Consider the following data on U.S. GDP: Year GDP (Billions of current dollars) (Billions of 2009 dollars) 2011 1
dmitriy555 [2]

Answer:

The percentage change in nominal GDP from 2013 to 2014 was 4.29%

The percentage change in real GDP from 2012 to 2013 was 1.48%

The percentage change in real GDP from 2012 to 2013 was higher than the percentage change in real GDP from 2011 to 2012. FALSE

Explanation:

In order to calculate this we just have to calculate the percentages with a rule of thirds:

\frac{GDP1}{100}= \frac{GDP2}{x}

To calculate the first one we use the nominal GDP which is the GDP with the current market value:

\frac{GDP1}{100}= \frac{GDP2}{x}\\\frac{16,663.2}{100}= \frac{17,348.1 }{x}\\x=\frac{(100)(17,348.1}{16,663.2} \\x=4.29%

To calculate the change in real GDP we use the values adapted to a pre-agreed monetary value, in this case the dollar at 2009:

\frac{GDP1}{100}= \frac{GDP2}{x}\\\frac{15,354.6}{100}= \frac{15,583.3}{x}\\x=\frac{(100)(15,583.3}{15,354.6} \\x=1.48%

To calculate the 2011 to 2012 we insert the values:

\frac{GDP1}{100}= \frac{GDP2}{x}\\\frac{ 15,020.6}{100}= \frac{15,354.6}{x}\\x=\frac{(100)(15,354.6}{ 15,020.6} \\x=2.22%

So with this we know that it is wasn´t higher the percentage change from 2012-2013, than that of 2011-2012

5 0
3 years ago
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