Answer:
The correct answer is option (C).
Explanation:
According to the scenario, the given data are as follows:
Base year basket price = $5,000 billion
Year 2 basket price = $5,500 billion
So, we can calculate the consumer price index by using following formula:
Consumer price index = (Year 2 basket price ÷ Base year basket price ) × 100
By putting the value, we get
Consumer price index = ( $5,500 ÷ $5,000 ) × 100
= 1.1 × 100
= $110 billion
Answer:
1,300 units
$1,950
Explanation:
The computation of margin of safety in units is given below :-
Margin of safety in units = Budgeted sales in units - Break-even sales in units
= 4,300 units - 3,000 units
= 1,300 units
The computation in dollars of safety is given below :-
Margin of safety in dollars = Margin of safety in units × Selling per unit
= 1,300 × $1.50
= $1,950
Answer:
a. has chosen to participate in the labor market.
Explanation:
The formula to compute the labor-force participation rate is shown below:
Labor- force participation rate = Labor force ÷ Population of working age
By dividing the labor force with the Population of working age so that the labor force participation rate could come
Therefore, the option a is correct as it defines the participated in the labor market
Answer:
If prices are cut by $0.2 then the operating income will increase by $91,200.
Explanation:
Current Gross Profit is :
Revenue [240,000 * $6] = $1,440,000
Cost of Sales = $1,416,000
Gross Profit = $24,000
If selling price is reduced to $5.80
Revenue $5.80 * [ 240,000 * 1.10 % ] = $1,531,200
Cost of Sales $1,416,000
Gross Profit = $115,200
