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3 years ago

Briefly explain whether each of the following is an example of:_______

Business

1 answer:

luda_lava [24]3 years ago

3 0

Answer:

1-The federal government increases spending on rebuilding the New Jersey shore following a hurricane. This is an example of an automatic stabilizer.

2- The Federal Reserve sells Treasury securities. This is an example of a discretionary fiscal policy.

3- The total the federal government pays out for unemployment insurance decreases during an expansion. This is an example of not a fiscal policy.

4- The federal government changes the required gasoline mileage for new cars. This is an example of an automatic stabilizer.

5- Congress and the president enact a temporary cut in payroll taxes. This is an example of a discretionary fiscal policy.

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My answer c not sure

AleksandrR [38]

A is your answer so then there is less supply than there is demand.

8 0

3 years ago

Suppose that, in an attempt to raise more revenue, Anywhere State University increases its tuition. Will this necessarily result

Akimi4 [234]

Answer:

1. That will not necessarily result in more revenue because it depends on the price elasticity of demand for the schools tuition fees

Explanation:

Suppose that, in an attempt to raise more revenue, Anywhere State University increases its tuition.

1. That will not necessarily result in more revenue because it depends on the price elasticity of demand for the schools tuition fees

2. Under the conditions that price is in-elastic, revenue will rise,

Under the conditions that price is elastic, revenue will fall,

Depending on the mix of reaction, if there is a 50% elasticity and 50% in-elasticity, revenue may remain the same.

3. Explain this process, focusing on the relationship between the increased revenue from students enrolling at ASU despite the higher tuition

This would mean that schooling at ASU has an inelastic demand as earlier stated.

4. Explain the process of lost revenue from possible lower enrollment.

This would mean that schooling at ASU has an elastic demand as earlier stated.

5. If the true price elasticity were -1.1, what would you suggest the university do to expand revenue?

Above unitary elasticity implies that the demand for the school is very elastic i.e. revenue will fall with increase in tuition fees

6. If I were the president of ASU, I would tackle this problem based on what I have learned about price elasticity by reducing tuition fees a little to increase revenue much more since the price elasticity is above 1.

6 0

3 years ago

Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories March 1 March 31 Material

snow_lady [41]

Answer:

cost of goods manufactured= $730,920

Explanation:

Giving the following information:

Materials $167,500 $149,080

Work in process 112,230 99,880

Direct labor $301,500

Materials purchased during March 321,600

Factory overhead incurred during March:

Indirect labor 32,160

Machinery depreciation 19,430

Heat, light, and power 6,700

Supplies 5,360

Property taxes 4,690

Miscellaneous costs 8,710

Total overhead= $77,050

To calculate the cost of goods manufactured, we need to use the following formula:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 112,230 + (167,500 + 321,600 - 149,080) + 301,500 + 77,050 - 99,880

cost of goods manufactured= $730,920

4 0

4 years ago

Let A equal the reported inventory value if the lower-of-cost-or-market rule is applied to individual items of inventory while B

Lera25 [3.4K]

Answer:

The correct answer is A will always be equal to or less than B.

Explanation:

In general terms, inventory is valued in terms of cost. But there must be a deviation from the cost basis of the inventory valuation and it must be reduced below cost when the utility of the goods has decreased and its sale product or item value will be less than its cost.

The decrease in the value of inventory below cost can be due to different causes, such as physical deterioration, obsolescence, a drop in the price level, etc. In these situations, the inventory is recorded at its market value. The difference in value (cost-to-market value) is recognized as a loss for the current period. It should be understood that the market value of the inventory must be estimated since the inventory has in fact not been sold. As a general rule, the concept of market value is used in terms of the current replacement cost of inventory, that is, what it will currently cost to purchase or manufacture the item.

5 0

3 years ago

Which process is used to produce very high volume products where little product variety is required? A. job shop B. batch produ

lesya692 [45]

Answer:

D. mass assembly

Explanation:

Mass assembly is a process used to produce very high volume products where little product variety is required.

This ultimately implies that, mass assembly is a manufacturing technique used by various industries or companies to produce standardized products (goods) in large quantities through the use of automated machineries or assembly lines from start to finish.

Hence, mass assembly avails business owners the ability or opportunity to manufacture their products in large quantities so as to enable them meet the needs or requirements of their customers for a long period of time.

8 0

3 years ago

Briefly explain whether each of the following is an example of:_______​

Briefly explain whether each of the following is an example of:_______