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3 years ago

What is the term used to describe the impact of the manufacturing process on the entire economy?

Business

1 answer:

Cerrena [4.2K]3 years ago

5 0

<u>Answer:</u>

Multiplier effect

<u>Explanation:</u>

The term used to describe the impact of manufacturing process on the entire economy is called Multiplier effect. Multiplier effect measures the impact on other industries with an increase in economy of a specific industry.

It is the increase in final income with an injection of demand in the market flow. There when a manufacturing process of any specific industry increases or decreases there is a relative impact on the entire economy.

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Juniper Enterprises sells handmade clocks. Its variable cost per clock is $10.20, and each clock sells for $17.00. The company’s

Leya [2.2K]

Answer:

755 units

Explanation:

Given that,

variable cost per clock = $10.20

Selling price = $17

Fixed cost = $7,701

At old price,

Contribution margin:

= Selling price - Variable cost

= $17 - $10.20

= $6.8

Break even point:

= Fixed cost ÷ Contribution margin per unit

= $7,701 ÷ $6.8

= 1,132.5

Now, Suppose that Juniper raises its price by 20 percent, but costs do not change.

Selling price = $17 + ($17 × 20%)

= $17 + $3.4

= $20.4

Contribution margin:

= Selling price - Variable cost

= $20.4 - $10.20

= $10.2

New Break even point:

= Fixed cost ÷ Contribution margin per unit

= $7,701 ÷ $10.2

= 755 units

6 0

3 years ago

g Today, Adam and Eve each have $500,000 in an investment account. No other contributions will be made to their investment accou

Dmitry_Shevchenko [17]

Answer:

17.48

Explanation:

For this question we use the NPER formula that is shown on the attachment. Kindly find it below:

In the first case,

Provided that

Present value = $500,000

Future value = $1,500,000

Rate of interest = 4%

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after solving this, the number of years is 28.01 years

In the second case,

Provided that

Present value = $500,000

Future value = $1,500,000

Rate of interest = 11%

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after solving this, the number of years is 10.53 years

So, the number of years after Eve retires is

= 28.01 years - 10.53 years

= 17.48 years

8 0

3 years ago

A sporting goods manufacturer budgets production of 45,000 pairs of ski boots in the first quarter and 30,000 pairs in the secon

Alexandra [31]

Answer:

The budgeted materials need in kg. in the first quarter is 90,000 kg

Explanation:

For computing the budgeted material needed in the first quarter, first we have to calculate the consumption of first and second quarters separately, so that we can arrive to a solution.

The consumption of first quarter = Budgeted production × required kg

= 45,000 × 2

= 90,000 kg

The consumption of second quarter = Budgeted production × required kg

= 30,000 × 2

= 60,000 kg

The ending raw material inventory = 30% of second quarter

= 30% × 60,000

= 18,000 kg

Now put the formula to find out the purchase amount. The formula is shown below:

Raw material consumption = Opening raw material inventory + purchase of raw material - ending raw material inventory

where,

beginning inventory = 18,000 kg

90,000 = 18,000 + purchase - 18,000

So, the purchase is 90,000 kg

The question has asked the amount in kg so cost per kg is irrelevant.

Hence, the budgeted materials need in kg. in the first quarter is 90,000 kg

3 0

4 years ago

Ron burgundy worked for the anchor department store as a sales associate in the leisure suits department. as he would give chang

castortr0y [4]

Answer: Sales Skimming or Defalcation

Sales skimming occurs when a person at the sales counter takes a part of the cash from sales, and officially reports a lower total. The legal term for sales skimming is defalcation.

This is a white-collar crime that occurs before sales are recorded in the books of accounts and hence is quite difficult to detect, since there is very little paper trail that is involved.

7 0

3 years ago

Clarence is visiting his friends in Germany. Which currency will he use to pay for souvenirs?

dolphi86 [110]

If Clarence is visiting his friends in Germany, he will use euros to pay any souvenirs he buys. Other places that uses euros are Greece, Austria, Finland, and Spain.

7 0

3 years ago

Read 2 more answers