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3 years ago

15

Which of the following changes can take place in the long run? A.labor force b.machinery c. Technology. D. All of these can be c

hanged in the long run

1 answer:

ehidna [41]3 years ago

4 0

D. All of these can be changed in the long run

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You are given the following data concerning Freedonia, a legendary country: Consumption Function: C = + Y Investment: I =

Grace [21]

Answer and Explanation:

Given that

Consumption function C = 200 + 0.9Y

Investment I = 300

Aggregate expenditure AE = C + I

Equilibrium AE = Y

Based on the above information

a. The level of equibrium income is

Y = AE = C + I

Y = 200 + 0.9Y + 300

0.1Y = 500

Y = 5000

b. The value of the investment multiplier is

= 1 ÷ (1 - MPC)

= 1 ÷ (1 - 0.9)

= 10

c. The change in the level of equilibrium income if investment increases by 10 is

Y = 200 + 0.9Y + 310

0.1Y = 510

Y = 5100

Change is

= 5,100 - 5,000

= 100

6 0

3 years ago

A noise level of 95 db is __ than the lowest level at which hearing protection is required (85 db), and your exposure should be

ser-zykov [4K]

higher

95 dB is the value of noise intensity at which it is mandatory to wear ear protection by health and safety standards. Moreover, exposure to such levels of noise should not be for more than 6 hours per day. This limit is imposed due to the fact that high levels of noise can cause problems such as hypertension and progressive hearing loss.

3 0

3 years ago

Harper Chicken Corporation processes and packages chicken for grocery stores. It purchases chickens from farmers and processes t

mrs_skeptik [129]

Answer:

a1)

drumstink 3,780

breast 5,670

a2)

drumstink (280)

breast 3,570

a3) it cannot be eliminated as it is a subproduct of the breast we cannot produce breast without also, produing the drumstink

b) joint-cost and gross margin considering market value as wat to allocate joint-cost

drumstink 2.596,15

breast .853,85

gross margin

drumstink 903.85

breast 2,386.15

<em>Questions:</em>

a-1. Allocate the joint cost to the joint products, drumsticks and breasts, using weight as the allocation base.

a-2. Calculate the gross margin for each product.

a-3. If the drumsticks are producing a loss, should that product line be eliminated?

b-1. Reallocate the joint cost to the joint products, drumsticks and breasts, using relative market values as the allocation base.

b-2. Calculate the gross profit for each product.

Explanation:

cost for the joint process:

7,000 raw materials + 2,450 conversion cost = 9,450

weights: 2,800 drumstiks

<u> 4,200 breast </u>

total 7,000

drumstink 9,450 x 2,800/7,000 = 3780

breast 9,450 x 4,200/7,000 = 5670

gross margin

drumstink 2,800 * 1.25 - 3,780= (280)

breast 4,200 * 2.20 - 5,670 = 3,570

<em>using market value as weight:</em>

drumstink 2,800 * 1.25 = 3,500

breast 4,200 * 2.20 = <u> 9,240 </u>

total sales value 12,740

drumstink 9,450 x 3,500/12,740 = 2.596,15

breast 9,450 x 9,240/12,740 = 6.853,85

gross margin

drumstink 3,500 - 2,596.15 = 903.85

breast 9,240 - 6,853.85 = 2,386.15

3 0

3 years ago

Situation: Better Living Through PowerPoint, LLC is a consulting firm that works with clients to improve internal reporting prac

NemiM [27]

Answer:

Cost Object

Explanation:

The contract will be a cost object.

Cost for labor and overhead will be assign and allocate to the contract to determinate the cost.

The period cost will be not being assign to the contract.

It will be assigned with product cost like labor cost and, the allocate indirect cost using the overhead predetermined rate

6 0

3 years ago

Cullumber Company purchases land for $185000 cash. Cullumber assumes $5200 in property taxes due on the land. The title and atto

Dvinal [7]

Answer:

The answer is

$197,400.

Explanation:

The cost of acquisition of an asset (land) is the non-depreciable costs associated with the acquisition of the land, because land is considered as an asset that does not depreciate. The costs that make up the cost of acquiring a land includes the normal, reasonable and necessary expenditures associated with the land to obtain it and get it ready for use. These include the agreed upon cash price, repair and reconditioning costs, title fees, legal fees, zoning fees and survey fees. On the there are costs of improvements made on the land and this is not part of acquisition costs because these improvements depreciate with time, and they are recorded in the cost of improvement account which takes depreciation into consideration. Example of these costs include parking lots, irrigation systems etc.

Hence in this case, all the expenditures except the cost of paving a parking lot are recorded as cost of acquisition of the land, and these include:

cost of purchase = $185,000

property taxes = $ 5,200

title and attorney fees = $ 3,100

cost of grading = $ 4,100

Total = $197,400

7 0

3 years ago