Suppose the economy is in the long run equilibrium. If there is a sharp increase in the minimum wage as well as an increase in taxes then in the short run, real GDP will
- fall and the price level might rise, fall, or stay the same. In the long run, the price level might rise, fall, or stay the same but real GDP will be lower.
Given that this economy is in the long run equilibrium. Given a sharp increase in minimum wage and taxes, then real GDP will decrease in the short run as well as the price level.
In the long run it may stay the same. But the Real GDP will definitely be lower.
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Answer:
a. Straight-Line method:
Year depreciation = (Cost - Residual value) / useful life
= (130,000 - 10,000) / 6
= $20,000
2019 = $20,000 2020 = $20,000
b. Double declining.
= Twice the rate of straight-line.
= 1 / 6 * 2
= 33%
2019 2020
= 130,000 * 33% = (130,000 - 42,900) * 33%
= $42,900 = $28,743
c. Units of Production:
Rate per unit = (Cost - residual) / Number of units in lifetime
= (130,000 - 10,000) / 1,000,000
= $0.12 per unit
2019 2020
= 180,000 * 0.12 = 140,000 * 0.12
= $21,600 = $16,800
Answer:
Explain to question or attach image
Explanation:
you need to explain your question better so you can have an answer
If a manager designs the organizational hierarchy based on the characteristics of the organizational environment, he is acting in accordance with <u>contingency </u>theory.
<h3>What is organizational hierarchy?</h3>
Organizational hierarchy can be defined as the hierarchy that display the rank or position of an employees from the top level management to lower level management.
On the other hand Contingency theory is a theory that stated that an organizational hierarchy can arranged based on the features of an organizational environment.
Therefore the manager is acting in accordance with <u>contingency </u>theory.
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Answer:
(a) 6
(b) 60.8 days
Explanation:
Given that,
Cost of goods sold = $435,000
Average inventory = 72,500
Therefore,
(a) Inventory turnover ratio:
= Cost of goods sold ÷ Average inventory
= $435,000 ÷ 72,500
= 6
Therefore, the inventory turnover ratio is 6.
(b) Number of days' sales in inventory:
= 365 days ÷ Inventory turnover ratio
= 365 days ÷ 6
= 60.8 days
Therefore, the number of days sales in inventory is 60.8 days.
