Answer:
$251,000
Explanation:
Calculation to determine the amount of cost of goods manufactured for the year
Using this formula
Cost of goods manufactured=Debit to Finished Goods+Credit to Work in Process
Let plug in the formula
Cost of goods manufactured =$226,000+$25,000
Cost of goods manufactured =$251,000 (entry f)
Therefore the amount of cost of goods manufactured for the year is $251,000 (entry f)
Answer:
b. A decrease in price of 2% causes an increase in quantity demanded of 0%.
Explanation:
By definition, the demand is said to be <em>perfectly inelastic</em> when no matter how much the price of a good changes, you will still be consuming the same exact amount as you did before the price changed.
Keeping this in mind, we know that the price may increase or decrease in 2%, but the demanded quantity will not have any change at all (people won't consume less or more).
So, now we know that the correct answer is <em>b, </em>because a decrease in price of 2% causes an increase in quantity demanded of 0% - in other words, people's purchase decision weren't influenced by the change in the price.
Answer:
The increase in the stock of real capital exceeds the increase in inputs of labor.
Explanation:
The labor productivity refers to the amount of labor per unit of output. labor productivity increases when with the same amount of labor the output increase or the increasein labor generate an increase in output higher than proportional.
<u>From the given options:</u>
An increase in stock of real capital exceeding the increase in input of labor will translate into a higher productivity as each unit of labor has more capital to work with
Answer: The answer is given below
Explanation:
a. What is the true monthly rate of interest?
The monthly rate of interest will be the annual percentage rate of charge given in the question divided by the number of months. This will be:
= APR/12
= 6.5%/12
= 0.065/12
= 0.0054
= 0.54%
b. What is the EAR?
The effective annual rate will be calculated using the formula:
EAR = (1 + (APR / m)^ m) - 1
EAR = (1 + (0.065/ 12)^12) - 1
EAR = [(1 + 0.0054)^12] - 1
EAR = (1.0054)^12 - 1
EAR = 1.06676 - 1
EAR = 0.06676
EAR = 6.68%
