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4 years ago

A country’s real gdp rose from 500 to 550 while its nominal gdp rose from 600 to 770. what was this country’s inflation rate?

1 answer:

5 0

The inflation rate is 16.67%. To find this, we first need to compute the GDP deflator for each year and then we need to calculate the percent change in the GDP deflator. The GDP deflator is given by GDPdef=(nominal GDP/Real GDP)*100. For the first year, the GDP deflator is 120. For the second year it is 140. Percent change is given by [(new value - old value)/old value]*100. Plugging in 140 for the new value and and 120 for the old value, we see get that the percent change is 16.6667. Thus the inflation rate is approximately 16.67%.

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Carroll Corporation has two products, Q and P. During June, the company's net operating income was $26,000, and the common fixed

mario62 [17]

Answer:

$34,000

Explanation:

Given the above information, the computation of segment margin for product P is shown below;

Net operating profit = (Segment margin Q + Segment margin P) - Common fixed expenses

$26,000 = ($48,000 + Segment margin P) - $56,000

$26,000 = $48,000 + Segment margin P - $56,000

$26,000 = Segment margin P - $8,000

Segment margin P = $26,000 + $8,000

Segment margin P = $34,000

8 0

3 years ago

Bassett Corporation has two production departments, Milling and Customizing. The company uses a job-order costing system and com

Ludmilka [50]

Answer:

a. $6,763.40

Explanation:

The computation of the selling price is shown below:

But before that the predetermined overhead rate is

For machining

= ($102000 ÷ 17,000) + $1.70

= $7.7 per machine hour

For fabrication

= ($61200 ÷ 6000) + $4.10

= $14.30 per labour hour

Now the selling price is

Direct material ($720 + $380) $1,100

Direct labor ($900 + $1,500) $2,400

Machining department overhead (7.7 × 80) $616

Fabrication department overhead (50 × 14.3) $715

Total manufacturing cost $4,831

Markup 40% $1,932.40

Selling price $6,763.40

8 0

2 years ago

Read Case Study 5:2 Gas or Grouse? in Chapter 5 of your textbook Business Ethics Concepts & Cases (8th Edition) by Manuel G.

wolverine [178]

Answer:

1-b

2-d

3-a

4-d

5-a

Explanation:

8 0

3 years ago

__________ is a growing tool for managers to enhance communication and collaboration in support of empowered or bossless work en

Dafna11 [192]

Answer:

The correct approach will be "Social media ".

Explanation:

Social media become web-based communication platforms that always allow the individual to communicate with one another through intelligence sharing as well as consumption.
It is an internet-connected communication method whereby the participants build virtual forums to exchange knowledge, ideas, private correspondence, and certain other functionality.

3 0

3 years ago

Eve Cosmetics Company consists of two departments, Blending and Filling. The Filling Department received 50,000 ounces from the

elena55 [62]

Answer:

The number of ounces started and completed during the period is 42,000 ounces.

Explanation:

The number of ounces started and completed during the period can be computed by simply deducting the beginning work in process from the number of ounces completed.

Since we have the following from the question:

Number of ounces completed by Filling = 46,000 ounces

Beginning work in process = 4,000 ounces

Therefore, we have:

Number of ounces started and completed = Number of ounces completed by Filling - Beginning work in process = 46,000 ounces - 4,000 ounces = 42,000 ounces

Therefore, the number of ounces started and completed during the period is 42,000 ounces.

5 0

3 years ago