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3 years ago

Megan's salary for three consecutive years, along with other values, are presented in the table below.Year

Business

1 answer:

garik1379 [7]3 years ago

3 0

Answer:

242.65

Explanation:

Data provided in the question:

year 2011 2012 2013

Salary $65,000 $72,000 $76,000

Consumer Price Index 226 230 235

Real Interest Rate 2.5% 2.7% 1.8%

Nominal interest rate for 2013 = 7.3%

Now,

Rate of inflation for 2013 = Nominal rate - Real rate

= 7.3% - 1.8%

= 5.5%

Therefore,

CPI in 2013 = Consumer Price Index in 2012 × (1 + inflation )

= 230 × ( 1 + 0.055 )

= 242.65

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It should be b I hope that help

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2 years ago

A shop sells 20 hats per week at $10 each. When it increases the price to $12, the number of hats sold falls to 15 per week. We

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Answer:

Estimated as Elastic Demand

Explanation:

Elastic demand is where a change in price causes a significant change in demand, therefore 20 hats to 15 hats can be considered significant and we can conclude that it's elastic demand.

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2 years ago

White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermin

NeX [460]

Answer:

1. Cutting Department = $8.99 per machine hour and Finishing Department = $11.53 per direct labor hour.

2. The total manufacturing overhead cost assigned to Job 203 is $2,058.46.

3. Yes. Plant wide pre-determined overhead rate does not consider the cost driver in the departments involved.

Explanation:

<em>Predetermined overhead rate = Budgeted Overheads / Budgeted Activity</em>

Cutting Department = $390,000 / 43,400

= $8.99 per machine hour

Finishing Department = $496,000 / 43,000

= $11.53 per direct labor hour

<u>Total manufacturing overhead cost assigned to Job 203.</u>

Direct materials

Cutting Department $ 745.00

Finishing Department $ 370 .00

Direct labor costs

Cutting Department $ 43.00

Finishing Department $ 210.00

Variable manufacturing overhead

Cutting Department ($2.00 × 43) $86.00

Finishing Department ($2.00 × 4) $8.00

Variable manufacturing overhead

Cutting Department ($3.75 × 3) $11.25

Finishing Department ($3.75 × 13) $48.75

Fixed manufacturing overhead

Cutting Department ($8.99 × 43) $386.57

Finishing Department ($11.53 × 13) $149.89

Total $2,058.46

5 0

2 years ago

Suppose that income tax revenues are maximized at an average (income) tax rate of 45 percent. If the Laffer curve is a correct d

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Answer:

-35 percent will reduce tax revenues.

-48 percent will reduce tax revenues.

3 0

1 year ago

"ABC Company knew that its customers were interested in environmentally friendly business practices, so it began marking all of

kirill115 [55]

Answer:

b. Greenwashing

Explanation:

Greenwashing refers to misleading customers by portraying fake compliance with environmental laws by a company. In such cases the company at fault showcases it's products as environmental friendly, made using natural ingredients which actually is not the case.

Misleading refers to employing fraudulent practices intended to deceive the customers with an intention to increase the sales volume.

In the given case, the company in question labelled it's products as environmental friendly despite knowing such is not the case as the facts suggest otherwise.

Thus, this is a case of Greenwashing.

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3 years ago