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3 years ago

A method often used by economists to look at distribution of income in a society's economy involves:__________

Business

1 answer:

goblinko [34]3 years ago

3 0

Answer:

Quintiles, or dividing a whole group into fifths

Explanation:

Income can be described as the amount of money gotten from the sale of a particular good or service. In a country with a large population, it is necessary that the income generated in the country be distributed among the population.

This distribution is important for the development of a country as it helps to reduce the poverty rate.

Income distribution can be defined as the process in which a country gross domestic product is shared among the population. GDP is the amount of money acquired by a country after the sale of goods and services.

Quintiles method is carried out by categorizing all households according to the amount of income that is earned. This classification is done by grouping them from the lowest amount of income to the highest amount. These households are then divided into five groups with each of them having equal number of persons.

Hence economists make use of the quintiles method or dividing a whole group into fifths because it is very effective in income distribution.

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Scrumptious Snacks Inc. manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. The company has bud

beks73 [17]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the number of processing hours:</u>

Processing hours= (0.25*3,000) + (0.1*6,000) + (0.3*3,500)

Processing hours= 750 + 600 + 1,050

Processing hours= 2,400

<u>Now, we can calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 207,000 / 2,400

Predetermined manufacturing overhead rate=$86.25 per processing hour

<u>To allocate overhead, we need to use the following formula:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Tortilla chips= 86.25*75= 64,687.5

Potato chips= 600*86.25= 51,750

Pretzels= 86.25*1,050= 90,562.5

<u>Finally, the unitary cost:</u>

Tortilla chips= 64,687.5 / 3,000= $21.56

Potato chips= 51,750 / 6,000= $8.63

Pretzels= 90,562.5 / 3,500= $25.88

8 0

3 years ago

financial statements include assets listed ata.all of these choices are correct.b.their fair valuec.their historical costd.their

Novay_Z [31]

Financial statements include assets listed at historical costs. Hence, the assets are recorded at their historical cost.

<h3>What do you mean by historical costs?</h3>

The price paid when an asset was purchased is known as the historical cost. On a company's balance sheet, the majority of long-term assets are recorded at their historical cost.

One of the fundamental accounting principles outlined by generally accepted accounting principles is historical cost (GAAP). The use of historical cost is consistent with conservative accounting because it avoids overstating an asset's value.

Hence, Financial statements include assets listed at historical costs. Hence, the assets are recorded at their historical cost.

Learn more about historical costs:

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3 0

1 year ago

Leila has a table in a spreadsheet she wants to format. Which options will allow her to format the table without changing its co

ElenaW [278]

Answer:

All of them, except "Find and replace, Text."

Explanation:

6 0

2 years ago

A building with an appraisal value of $132,970 is made available at an offer price of $154,091. The purchaser acquires the prope

BartSMP [9]

Answer:

Total purchase value (Cost basis) = $105,770

Explanation:

Given:

Appraisal value = $132,970

Offer price = $154,091

Cash amount = $30,971

Notes payable = $22,282

Mortgage amount = $52,517

Find:

Total purchase value (Cost basis)

Computation:

Total purchase value (Cost basis) = Cash + Notes payable + Mortgage amount

Total purchase value (Cost basis) = $30,971 + $22,282 + $52,517

Total purchase value (Cost basis) = $105,770

7 0

2 years ago

Which of the following is the one key interest rate to focus on when trying to forecast interest rate trends in the future?

Deffense [45]

Answer:

d. Federal funds rate

Explanation:

The federal fund rate is considered risk-free hence, they will always be paid in time for the full amount. It is the basis for all the calculation to get the other rates in the markets.If the FED increases or decreases the federal fund rate then, all the others will change accordingly.

IE: a change in the FED rate will change the CAMP of all companies and thus, changing the WACC as well

7 0

3 years ago