Answer:
attached below
Explanation:
Given that the economy has its actual GDP > potential GDP
<u>A) using AD-AS to depict the situation </u>
attached below is the graph
The gap( Lf - L1 ) is called <em>inflationary gap </em>
x-axis <em>= </em>real GDP , Y-axis = price level,
AD = aggregate demand curve , S = short run aggregate supply curve
L = long run aggregate supply curve,
B) In the long run the<em> graph </em>will adjust to the full employment level
attached below is the graph
Answer:
Amount to be transferred out of Work in process = 5,400 units * $63.13
= $340,902
Explanation:
Finished goods
opening 1,100
production 5,300
closing - 1,000
Finished good = 5,400 units
Completed goods = finished goods transferred + 20% complete WIP
= 5,400 + 200 units (1000*20%)
= 5,600 units
Total cost = $2,540 + $351,000
=$353,540
Cost per unit = Total cost / Completed goods
= $353,540 /5,600 units
= $63.13
Even though the 200 units (1000*20%) are completed and are included in calculating the cost per unit but they are not transferred to the finished goods only 5,400 units are transferred to finished goods.
The only reason for the 200 units inclusion on calculating the cost per units is that they are complete and in the total cost they are included as they were incurred alongside the 5400 units transferred.
Answer:
False
Explanation:
The expected value of each course of action in a decision tree is not determined by starting at the beginning of the tree, instead it is a process because you need to make a desition and in some extend you espect to have some results but some of them are uncertain or unespected. in this kind of scheme Squares represent decisions, and circles represent uncertain outcomes. Then you need to calcule the desition nodes giving each option a cost or value, This will give you a value that represents the benefit of each decision. at the end calculating choose the option that has the largest benefit, and take that as the decision made. This is the value of that decision node.
By challenging your predictions of the future and basing your plans and actions on the outcomes that are most likely to occur, you may increase the likelihood that your choices will be sound even if the situation changes.
Case Study Analysis
By testing your future assumptions, scenario analysis can assist you in planning your business strategy or in making smarter judgments.
You can identify potential hazards and make plans for how to address or lessen their effects by investigating a variety of alternative scenarios.
Follow these five steps to use the tool:
Describe the problem.
assemble data.
Distinguish certainty from uncertainty.
Construct situations.
Make use of the scenarios when planning.
to know more about scenario analysis
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Answer:
Production in third quarter should be budgeted at $<u>245000</u>
Explanation:
10) Production in third quarter = Sales unit+Desired ending inventory-Beginning inventory
= 240000+(260000*25%)-(240000*25%)
Production in third quarter = 245000 Units
so answer is 245000
