$3,115,770 is the cost of goods sold for the company.
<h3>What are goods ?</h3>
In economics, "goods" are things that fulfill human needs and provide utility, such as to a customer buying a fulfilling product. Services that cannot be transferred and transferable products are two categories that are frequently distinguished.
When a good is helpful to people but is in short supply compared to demand, it is said to be a "economic good" and requires human effort to attain. Free things, on the other hand, like air, are always available and don't require any deliberate effort to obtain. Private goods include anything a person owns or uses on a regular basis that is unrelated to food, such as televisions, living room furnishings, wallets, cell phones, etc.
To learn more about goods from the given link:
brainly.com/question/12802278
#SPJ4
Answer:
D) the U.S. inflation rate as measured by the CPI was higher than that measured by the GDP deflator, and the difference was explained by rapidly rising oil prices
Explanation:
During the 1970s there was a very strong correlation between oil prices and the CPI. Oil is essential to our economy, since it is used in so many different ways, e.g. fuel, plastics, heating, etc. The oil prices increased from $15.85 per barrel on April 5, 1979 to $39.50 per barrel on March 3, 1980. That is a huge increase (149%) for only one year.
The CPI more than doubled during the 1970s, increasing from 41.20 in 1972 to 86.30 in 1980 (109% increase). It had previously taken 24 years for the CPI to double before that decade. That is a huge increase in inflation even if you compare it to more modern day inflation. The CPI for 2018 was 251, so in the last 38 years it increased by 190% and inflation has been an issue several times in the last decades.
Answer:
Actual manufacturing overhead = 195%
Budgeted manufacturing overhead rate = 180%
Explanation:
The computation of actual and budgeted manufacturing overhead rates for 2017 is shown below:-
Particulars Budgeted for 2017 Actual result for 2017
Direct material
cost $2,250,000 $2,150,000
Direct manufacturing
labor costs $1,700,000 $1,650,000
Manufacturing overhead
costs $3,060,000 $3,217,500
Actual manufacturing
overhead 195%
Budgeted manufacturing
overhead rate 180%
Therefore for computing the actual manufacturing overhead we simply divide the manufacturing overhead cost by direct manufacturing labor cost of actual result for 2017 while for computing the budgeted manufacturing overhead rate we simply divide the manufacturing overhead cost by direct manufacturing labor cost of budgeted for 2017.
Answer:
Joe's Diner will to pay $40.3
Explanation:
Using the dividend discount model we can get the price after one year that Joe willing to pay for the corporation share.
As we know
share price = Do + ( 1 + g) / (ke - g)
Do = $3.10
g = 4%
ke = 12%
Using the above formula we can get the price of share that Joe's Diner willing to pay for the purchase of stock after one year.
Share price = $3.10 ( 1+4%) / (12% - 4%)
Share price = $3.224 / 8%
Share price = $ 40.3
Answer:
b. To demonstrate the existence of a cause-and-effect relationship between two variables
a. Control extraneous variables
c. Manipulate an independent variable
Explanation:
The goal of experimental research study is different from the goal of non experimental research. The experiment attempts to show the change in one variable due to change in another variable. To accomplish this goal the an experiment control extraneous variables and manipulate independent variables. The experiment is done by changing one variable by manipulating which causes change in another variable. The researcher must control the research situation.
