Answer:
Explanation:
There is a correlation between inflation and house prices. ... When interest rates are low, buying homes can be more affordable and increase the demand for homes. If the supply of homes remains constant and the demand increases, then the prices of homes will increase.
Answer:
Weighted average cost per unit = $10.10
Explanation:
We know,
Under weighted average unit cost, the cost for purchased inventory = Total inventory costs ÷ total inventory in units
Given,
Total inventory in units = 205 + 310 = 515 units
Total inventory costs = (205 units × $9.50) + (310 units × $10.50)
= $1,947.50 + $3,255 = $5,202.50
Therefore,
Weighted average cost per unit = $5,202.50 ÷ 515 units
Weighted average cost per unit = $10.10
Therefore, the company will use this cost per unit to determine cost of goods sold and ending inventory.
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
A machine costing $251,800 was purchased May 1. The machine should be obsolete after three years and, therefore, no longer useful to the company. The estimated salvage value is $3,400.
A) Straight-line:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (251,800 - 3,400)/3= $82,800
B) Double declining balance:
Annual depreciation= 2*[(original cost - residual value)/estimated life (years)]
Year 1= (248,400/3)*2= 165,600
Year 2= 55,200
Year 3= 18,400
Answer:
C.
Explanation:
Efficiency is manifested in the proper use of time, and resources for an intended purpose. Meaning, it is doing things right.
Production efficiency is based on a business's ability to produce the highest number of units of a good while using the least amount of resources possible.
Also, is the comparison of what is actually produced or performed with what can be achieved with the same consumption of resources (money, time, labor, etc.).
In this example, the firm has already meet the efficient point. It is not possible to produce the same level of production with less resources.
<u>Answer:
</u>
We can expect to see a large change in the quantity demanded for Good A.
<u>Explanation:
</u>
- As the price change in the price of good B is inelastic, it is but clear that the price of good B would not show any fluctuations even if there is an increase or decrease in the demand for good B.
- As the price of good B is not subject to decrease in the near future, it can be expected that the demand for good A would exhibit a sudden rise.
