Answer:
Ending Inventory = $ 270,000
Explanation:
<u>Hula’s Heavyweights, Inc.</u>
<u>Forklifts Manufacturers</u>
<u>Ending Balance In Inventory Account</u>
Hula's beginning Balance = $ 320,000
<u>Add Direct Materials Purchased = $ 1,450,000</u>
Material Available for use= $ 1770,000
<u>Less Direct Material issued for production = $ 1500,000</u>
<u>Ending Balance in Inventory Account = $ 270,000</u>
<u></u>
<u>The ending inventory of Hula's Heavyweight , Inc., is $ 270,000</u>
Answer:
The Marginal Propsensity to Consume is four-fifths
Explanation:
To answer the question, an indirect approach must be used.
- First, we are given data on disposable income and Savings, it is, therefore, easy to assume that we are to calculate the Propensity to Save.
- The Formula for calculating the Propensity to Save is: Change in Savings /Change in Income.
- Change in Savings: $300-$200= $100
- Change in Income: $1,700-$1,200=$500
- MPS= $100/$500= One-fifth
- But hold on: One-fifths Marginal propensity to save is not part of the options, so we continue:
- If Marginal Propensity to Save is One-Fifths, then based on a formula the Marginal Propensity to Consume is the balance of the Subtraction of One-Fifths from One:
- The Marginal Propensity to Consume is therefore four-fifths.
Note:
- If the data given was increase in consumption instead of savings then we would have directly calculated Marginal Propensity to Consume= Change in Consumption/Change in Income or
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Answer:
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The cross elasticity of demand for senior workers is 1.5. Senior workers and entry-level workers are gross complements.
The scale effect dominates in this example.
If the wage of the entry level workers increase, the demand curve would shift to the right.
<h3>What is the crosss price elasticity?</h3>
Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.
Cross price elasticity = 15% / 10 = 1.5
Complement goods are goods or resources that are used together. As a result of the decline in wages, senior workers would be laid off. This means that senior workers and entry level workers work together.
<h3>What is the effect on the demand curve if the wages of entry level workers increase?</h3>
If the wage of the entry level workers increase, the demand for senior workers wouuld increase. This would lead to a shift to the right of the demand curve for senior workers.
To learn more about cross price elasticity, please check: brainly.com/question/26054575