Answer:
What share of U.S. total income in 2013 consisted of Wages and salaries?
The share = Wages and salaries /Total income * 100
The share = $8,868 / $16,800 * 100
The share = 0.5278571 * 100
The share = 52.79%
What share of U.S. total income in 2013 consisted of Corporate profits?
The share = Corporate profits /Total income * 100
The share = $1,686/$16,800 * 100
The share = 0.100357 * 100
The share = 10.03%
Answer:
<u>Current Ratio :</u>
Camaro = 2.6
GTO = 3.5
Torino = 1.95
<u>Acid Test Ratio :</u>
Camaro = 1.3
GTO = 1.08
Torino = 0.84
Explanation:
The current ratio and acid-test ratio for each of the following separate cases will be as follows
Current ratio = Current Assets ÷ Current Liabilities
Camaro = 2.6
GTO = 3.5
Torino = 1.95
Acid Test Ratio = (Current Assets - Inventory) ÷ Current Liabilities
Camaro = 1.3
GTO = 1.08
Torino = 0.84
Answer:
B. gives the same answer regardless of the direction of change
Explanation:
The computation of the price elasticity of demand using mid point formula is shown below:
Price elasticity of demand = (Percentage change in quantity demanded) ÷ (percentage change in price)
where,
Percentage change in quantity demanded is
= (change in quantity demanded ÷ average of quantity demanded)
And,
The percentage change in price is
= (percentage change in price ÷ average of price)
Therefore, it reflects the same answer
The word that completes the sentence is bureaucratic. bureaucratic control is one of the control systems that are defined as systems of rules that are devised and implemented that are applicable to global business and maybe unique to a specific business. it is an important tool for risk management as well.
Answer: d. it is necessary to relate variable cost data to the activity index chosen
Explanation:
The activity index shows how various activities have an impact on the cost of production.
When developing a flexible budget within a relevant range of activity, ome must relate variable cost data to the activity index chosen to ensure that it is indeed variable.
