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2 years ago

By how much did annualized consumption decline in november of 2008 when gdp was $14 trillion?

1 answer:

5 0

<span>Annualized consumption dropped immensely in November 2008. The 5 years prior to 2008 were some of our strongest yet, also, a GDP of $14 trillion is nothing to balk at. I am thoroughly surprised that the decline we experienced then came so soon after a long streak of winning.</span>

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JVL Inc. sells its only product for $10 per unit. Variable costs are $4 per unit and total fixed costs are $40,000. The company

natka813 [3]

Answer:

$9,000

Explanation:

Profit = Total revenue - Total cost

Total cost = Total fixed cost + Total variable cost

Fixed cost = $40,000

Variable costs = variable cost per unit × total output = $4 × 10,000 = $40,000

Total cost = $40,000 + $40,000 = $80,000

Total revenue = price × output = $10 × 10,000 = $100,000

Profit = $100,000 - $80,000 = $20,000

If sales increases by 1500, output would be 11,500

Total variable cost = 11500 × $4 = $46,000

Total cost = $40,000 + $46,000 = $86,000

Revenue = $10 x 11500 = $115,000

Profit = $115,000 - $86,000 = $29,000

Increase in profit = $29,000 - $20,000 = $9,000

I hope my answer helps you

4 0

3 years ago

Read 2 more answers

A manager invests $400,000 in a technology that should reduce the overall costs of production. The company managed to reduce the

Ainat [17]

Answer:

a. Considered sunk costs, not relevant in further decision making

Explanation:

the missing options are:

a. Considered sunk costs, not relevant in further decision making
b. Considered sunk costs, but still relevant in further decision making
c. Considered a loss
d. Considered a profit

After the investment in new technology has been made, it will be considered a sunk cost, because they are no longer relevant or important when considering or evaluating future investments and projects. Sunk costs are expenses that have already been made and incurred, and cannot be recouped.

5 0

3 years ago

Is used to record and accumulate all the costs assigned to a specific job.

Mashutka [201]

The Correct Answer is Option D. (Job-Cost record)

6 0

3 years ago

"Competition is always going to be fierce in business. The modern business now has many technology tools that can assist with fi

Tanya [424]

Answer:

Nowadays, many industries use data analysis to obtain good results and in this way determine what action plan should be implemented.

Explanation:

So is; With the data analysis models, the proposed objectives can be achieved more quickly and reliably, which is why descriptive statistics are very important since they allow us to analyze and evaluate information that we do not see with the naked eye.

3 0

3 years ago

Question 16 of 25

Sveta_85 [38]

Answer: B. Foreign cars become more expensive.

Explanation: The tariff slapped on imported goods such as cars and other foreign commodities will raise the overall cost of the product on the side of the seller and definitely the final selling price of such product to the consumers. This is used to raise revenue for the government and also to encourage the manufacture, adoption and support for locally manufactured products. Locally manufactured substitute will tend to be cheaper and the additional tariff may put importers and consumers off, and hence settle for cheaper locally made alternative.

8 0

3 years ago