<span>According to economists the efficient use of resources is a situation where one person can be made to look better in the scenario, but only by making another person look worse. Inefficient use of resources or insufficient resources brings scarcity in the economy.</span>
Answer:
A) $1,450
Explanation:
beginning finished goods + COGM = ending finished goods + COGS
to know COGS we need cost of goods manufactured
COGM = beginning WIP + cost added - ending WIP
to knwo COGM we need to know cost added
cost added = labor + materials + overehead
to know that we need to know materials used:
used into production= beginning raw+purchase - ending raw
used = 200 + 400 - 180 = 420
and now we go backwards in the loop to fill the blank and solve for COGS
cost added = 450 + 420 + 620 = 1490
COGM = 320 + 1490 - 410 = 1400
and we now return to the formula to find COGS
250 + 1400 = 200 + COGS
1650 - 200 = COGS = 1,450
Answer: Option (B)
Explanation:
Here, in this particular case we can state that Lenox would use <em>personal selling </em>as the promotional element in order to reach their Macy's buyer. Personal selling is referred to as use of individuals by businesses in order to sell their commodity after meeting their respective clients face-to-face. The sellers mostly tend to advance the commodity through their belief, conviction appearance and the knowledge regarding the commodity.
Answer: $415,688
Explanation:
First find the future value of paying $1,200 every month for 360 months.
This is the future value of an annuity:
= Payment * ([1 + interest) ^ no. of periods - 1) / interest
Use periodic interest = 5.75%/ 12
30 years * 12 = 360
= 1,200 * ( ( 1 + 5.75%/12)³⁶⁰ - 1) / 5.75% / 12
= $1,149,357.14
Future value of the loan amount is:
= 280,000 * (1 + 5.75% / 12) ³⁶⁰
= $1,565,045.14
Ballon Payment = 1,565,045.14 - 1,149,357.14
= $415,688
Answer:
2. (i) demand-side; (ii) both; (iii) supply-side; (iv) supply-side; (v) both
Explanation:
a. $1,000 per person tax reduction ⇒ focus on aggregate demand (more money for consumers to spend)
b. a 5% reduction in all tax rates ⇒ focus on both aggregate demand and supply (more money for consumers and suppliers)
c. Pell Grants, which are government subsidies for college education ⇒ focus on aggregate supply (more money for suppliers of college education)
d. government-sponsored prizes for new scientific discoveries ⇒ focus on aggregate supply (more money for suppliers of new scientific discoveries)
e. an increase in unemployment compensation ⇒ focus on both aggregate demand and supply (more money for consumers resulting in higher prices and lower output)
