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3 years ago

What are the leading economic indicators supposed to predict?

Business

1 answer:

Iteru [2.4K]3 years ago

6 0

Answer:

A leading indicator is any economic factor that changes before the rest of the economy begins to go in a particular direction. Leading indicators help market observers and policymakers predict significant changes in the economy.

Explanation:

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Absolute Company has a manufacturing facility in Brooklyn that manufactures robotic equipment for the auto industry. For Year 1

madam [21]

Answer:

Direct material price variance= $400 favorable

Explanation:

Giving the following information:

Actual quantity purchased 200 units

Actual price paid $8 per unit

Standard price $10 per unit

<u>To calculate the direct material price variance, we need to use the following formula:</u>

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (10 - 8)*200

Direct material price variance= $400 favorable

7 0

4 years ago

_____, as a conflict management strategy, is the political equivalent of "win some, lose some" and is possible in a long-term re

Lady bird [3.3K]

Answer:

compromising

Explanation:

Compromising—when you compromise or “split the difference” in a conflict which is the political equivalent of "win some, lose some" and is possible in a long-term relationship where there is time for give-and-take exchange.

5 0

3 years ago

If the price of steak rises, a consumer who had been maximizing his or her utility before will buy less steak because its?

Naddik [55]

If the price of steak rises, a consumer who had been maximizing his or her utility before will buy less steak because its "marginal utility to price ratio is now lower than for other items."

<h3>What is marginal utility?</h3>

In economics, marginal utility is the optimum quality or benefit (utility) which a buyer receives by purchasing an additional units of a product or service.

Some key features regrading the marginal utility are-

The concept means that the utility and benefit of an extra unit of a product to a consumer is proportional to the quantity of units of such a product he currently owns.
The given example shows marginal usefulness.
The marginal value of one piece of bread provided to a family of seven will be considerable, because the family will be less hungry, as well as the difference between 7 and 8 is proportionally significant.
A extra bread slice supplied to a family with 30 slices, on the other hand, has less marginal utility so because difference among 30 & 31 is proportionally lower and the family's hunger has already been satisfied.
Thus, as a consumer of a product purchases further and more of the commodity, his marginal utility drops until he has no need for any extra units at all.
The marginal utility then is equal to zero.

To know more about the marginal utility, here

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5 0

2 years ago

Researchers who conclude that they are being denied access to public records of the federal government may be able to obtain the

zvonat [6]

<span>Researchers may be able to obtain the data from the Freedom of Information Act. The Freedom of Information Act allows the general population to ask to see any federal records. Unless the information is a matter of security or privacy (among other things), the agency must provide the information to the individual.</span>

7 0

4 years ago

Manning Manufacturing Inc. had the following items that require adjustment at year end.

Ostrovityanka [42]

Answer:

1. a. Debit Salaries $5,320

Credit Accrued Salaries $5,320

Being accrued salaries for December 31

b. Debit Utilities $1,970

Credit Accrued Utilities $1,970

Being accrued Utilities for December 31

c. Debit Interest $925

Credit Accrued Interest $925

Being accrued Interest note payable for December 31

2. Income statement will be overstated by the sum of $8,215

Explanation:

The are the adjusting entries needed at December 31.

1. a. Debit Salaries $5,320

Credit Accrued Salaries $5,320

Being accrued salaries for December 31

b. Debit Utilities $1,970

Credit Accrued Utilities $1,970

Being accrued Utilities for December 31

c. Debit Interest $925

Credit Accrued Interest $925

Being accrued Interest note payable for December 31

2. The effect on the financial statements if these adjusting entries are not made is that the income statement will be overstated by the sum of $8,215 , Below is the computation:

Salaries $5,320

Utilities $1,970

Interest <u> $925 </u>

Total expenses <u> $8,215 </u>

8 0

3 years ago