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3 years ago

Select the best answer for the question.

Business

1 answer:

Lorico [155]3 years ago

6 0

Answer:

Explanation:

US dollar used to be backed by gold but this is not the case anymore. US dollar being as a flat currency is backed by governemnt through federal reserve.

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Sheffield Company had sales in 2019 of $1,842,400 on 65,800 units. Variable costs totaled $1,184,400, and fixed costs totaled $4

vlada-n [284]

Answer:

Assuming that no changes happened, 2020 sales and expenses should be similar to 2019's:

Total Per unit

Total sales $1,842,400 $28

Variables costs ($1,184,400) ($18)

Contribution margin $658,000 $10

Fixed costs ($498,000) ($7.57)

Operating income $160,000 $2.43

5 0

3 years ago

Tracy consumes dress shoes (D) and casual Crocs (C). Her marginal utility from consuming casual Crocs is MU Subscript Upper CM

Llana [10]

Answer:

The optimal bundle is 6 pairs of dress shoes and 3 pairs of Crocs.

Explanation:

From the question,

Allowance (M) = $450; Price of dress shoes, Pd = $50; Price of crocs, Pc = $50

Note: MRS-price ratio, MUC- marginal utility from consuming casual Crocs ,MUD- marginal utility from consuming dress shoes

Optimal bundle is determined where MRS = Price ratio

MRS = MUC/MUD = 20DC/10C2 = 2D/C

Price ratio = Pd/Pc = 50/50 = 1

So, 2D/C = 1

Therefore, C = 2D

Budget constraint: M = Pd*D + Pc*C

So, 50D + 50*(2D) = 450

50D + 100D = 150D = 450

So, D = 450/150 = 3

C = 2D = 2*3 = 6

7 0

3 years ago

Under NASAA rules, if a customer wishes to trade a margin account prior to returning the signed margin agreement, such an action

Flauer [41]

Answer:

Explanation:

This action is only permitted if the customer returns the signed margin agreement promptly. Since a margin agreement is an agreement between a brokerage and a client governing a margin account and allows the client to borrow from the brokerage in order to buy securities. Without agreeing to all the details in this contract the individual cannot trade on a margin account or borrow money.

3 0

3 years ago

Which of the following clauses states that full payment of damages to structures under the homeowners policy will be made only i

Andrews [41]

Answer: coinsurance clause

Explanation:

A coinsurance clause is a provision in the home insurance policy which requires the individual to carry coverage that is worth a certain percentage of the home's value. The failure to meet requirement will reduces the compensation after a loss.

Under the coinsurance clause, the insurance company will reimburses the value of damages to an insured asset for at least 80% of the replacement value of the asset. The reinsurance clause allows an insurer to take the reinsurance based on the original insurance.

3 0

4 years ago

Use the expenditure multiplier to calculate the change in AD that would result from a $100 million increase in government spendi

adelina 88 [10]

Answer:

If MPC is 0.8, Change in GDP = $500 million

If MPC is 0.95, Change in GDP = $2,000 million

Explanation:

Expenditure Multiplier is the amount by which the real GDP will change if autonomous expenditure changes by a given amount.

It is calculated as follows: 1/(1-MPC).

MPC is the portion of additional income that is spent. If the MPC is 0.8, then the expenditure multiplier will be = 1/(1-0.8) = 5

Using the first scenario with an increase in government spending by $100million, the resulting change in GDP would be

Change in GDP = change in autonomous expenditure × Multiplier

= 100 × 5 = $500 million

Scenario 2, MPC of 0.95

Expenditure Multiplier = 1/(1-0.95) = 20

Change in GDP= 100 × 20 = $2000 million

6 0

3 years ago