Answer:
b. $4.00 per labor-hour
Explanation:
The computation of the predetermined overhead rate is shown below:
Predetermined overhead rate = Estimated overhead ÷ Estimated labor hours
= $300,000 ÷ 75,000 labor hours
= $4.00 per hour
By dividing the estimated overhead by the estimated labor hours we can find out the predetermined overhead rate and we did the same in the above calculation
Answer:
The effective price you received for the car was $5,987
Explanation:
Effective price of the car can be calculated by the Net Present values of all the cash flows associated with the note.
Using following present value formula for each cash flows
Pv = FV / ( 1 + r )^n
Net Present Value of all call flows = [ $1,000 / ( 1 + 6% )^1 ] + [ $2,000 / ( 1 + 6% )^2 ] + [ $2,000 / ( 1 + 6% )^3 ] + [ $2,000 / ( 1 + 6% )^4 ]
NPV = $943.4 + 1,780 + $1,679.24 + $1,584.19 = $5,986.83 = $5,987
Answer:
A person whose salary has increased is able to purchase fewer goods and services.
Explanation:
Inflation is characterized by an increase in the prices of goods and services along with a reduction in the purchasing power.
Real income of an individual refers to the income which has been adjusted for the effects of inflation. Whereas, Nominal income refers to the income which is before any such adjustment for inflation.
In the given case, the nominal income has increased i.e if we ignore inflation. But while considering inflation, the real income of the individual has reduced evidenced by the fact that the purchasing power has reduced.
The special tax was called J<span>izya.</span>
Answer:
Average total cost= $46
Marginal revenue= $33
Explanation:
In this instance the monopolist's total cost is the revenue from sale of one unit less the economic profits per unit
Economic profit per unit= 2,700/900
Economic profit per unit= $3
Average total cost= (Price per unit) - (Economic profit per unit)
Average total cost= 49 - 3= $46
For this instance marginal revenue is equal to marginal cost.
Marginal revenue= Marginal cost= $39