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3 years ago

Answer this question on the basis of the given information for an economy in 2016.

Business

1 answer:

barxatty [35]3 years ago

6 0

Answer: B. GO fell by $10 billion, while GDP was unchanged.

Explanation;

Gross Output is different from GDP in that where GDP only takes into account the dollar value of the final output so as to avoid double counting, the Gross Output takes into account those intermediate expenses and consumption that were used to create the final goods and services.

As such, if the dollar value of distribution activity fell to $70 billion then the Gross Ouput would also have to fall by the equivalent amount which in this case would be $10 million.

As all other values did not change, then neither did the dollar value of final output meaning that GDP did not change.

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You have decided to open a pet store and have engaged in a contract with Dog N' Cat Centers, Inc. You and the company have drawn

podryga [215]

Answer:

franchisor; franchisee

Explanation:

Franchising is the system for the expanding business and distributing the goods and the services to meet the higher demand.

Franchisor is the big name and big company or business which offers small business for franchising in order to gain profits and expanding business.

Franchisee is small business owner who has purchased right to use existing business's trademarks and then uphold same standards as first business.

Hence, in the given case, Dog N' Cat is the franchisor and you are the franchisee.

5 0

3 years ago

Income rises from $3,500 to $4,000 a month and the quantity demanded of good X falls from 7 to 5 units a month. Income elasticit

finlep [7]

Answer:

E) -2.50 ; inferior

Explanation:

Before you earned $3,500 per month, you consumed 7 units per month. That means that you consumed 1 unit every $500 earned.

When your income increased to $4,000, you only consumed 5 units per month. That means that your consumption decreased to 1 unit for every $800.

The income elasticity of demand using the midpoint method is calculated by using the following formula:

income elasticity = {change in quantity demanded / [(old quantity + new quantity) / 2]} / {change in income / [(old income + new income) / 2]}

= {-2 / [(7 + 5) / 2]} / {500 / [(3,500 + 4,000) / 2]} = (-2 / 6) / (500 / 3,750) = -0.333 / 0.133 = -2.5

Since the income elasticity of demand is negative, the good X is an inferior good.

7 0

4 years ago

The manufacturing overhead budget of Paparella Corporation is based on budgeted direct labor-hours. The November direct labor bu

Andru [333]

Answer:

The answer for question A is $ 70,200

The answer for question B is $ 15.20

Explanation:

Budgeted direct labor hours = 6,000 hours

Variable overhead rate = $2.00

Variable manufacturing overheads = 6000 x $2 = $ 12,000

Fixed manufacturing overhead = $ 79,200

Total Manufacturing overheads = $ 91,200

Depreciation = $ 21,000

Cash disbursement of manufacturing overhead for November = total manufacturing overheads - Depreciation

= $91,200 - $ 21,000 = $ 70,200

From above, we have Total Manufacturing overheads = $ 91,200

Budgeted direct labor hours = 6,000 hours

Predetermined overhead rate for the month of November = Total Manufacturing overheads ÷ Budgeted direct labor hours

= $91,200 ÷ 6000 = $ 15.20

3 0

4 years ago

One of the benefits of planning is how it:

Lorico [155]

Answer:

b. encourages people to engage in behaviors directly related to goal accomplishment

Explanation:

When companies engage in planning, they establish a guide for the operations, setting goals and preparing the strategies and actions that will help accomplish those goals. Because of this, planning helps the employees to focus and work towards achieving the objectives.

7 0

3 years ago

Rodarta Corporation applies manufacturing overhead to products on the basis of standard machine-hours. The company's predetermin

marta [7]

Answer:

$357 Unfavorable

Explanation:

Fixed manufacturing overhead volume variance identifies the amount by which actual production differs from budgeted production.

Fixed manufacturing overhead volume variance = Actual Output at Budgeted rate - Budgeted Fixed Overheads

= (5,230 × $5.10) - ($5.10 × 5,300)

= $26,673 - $27,030

= $357 Unfavorable

7 0

4 years ago