The total of tools, equipment, machinery, and buildings used to produce goods and services is called supply. True or False

Economists use real gdp per capita to measure economic growth: even though nominal gnp per capita is a far superior measure of e

denis23 [38]

1. Economists use real GDP as a measure of living standards as it eliminates the effects of inflation by using the price index of the base period over the current period, which is also called the GDP deflator.

2. Real GDP per capital. Reason explained above.

3. 5million dollars divided by 100, therefore it would be 5000.

4. False. With the advancement of technology, capital becomes more productive and efficient, meaning they produce more output using the same amount of input.

7 0

2 years ago

Tim is a single, cash-method taxpayer with an AGI of $50,000. In April of this year, Tim paid $1,160 with his state income tax r

Mamont248 [21]

Answer:

$7,580

Explanation:

In April of this year, Tim paid $1,160 with his state income tax return for the previous year.

Tim had $5,200 of state income tax

Tim made estimated payments of $1,220 of state tax.

Therefore:

$1,160 + $5,200 +$1,220=$7,580

Tim can deduct the state taxes paid with state income tax return for the previous year, state tax which was withheld during the year, and estimated payments of state tax, a total of $7,580 in which the expected refund next year will not affect the deductions for this year, due to the fact that it may be taxable next year under the tax benefit rule.

5 0

2 years ago

Read 2 more answers

A coffee shop buys 2000 bags of their most popular coffee beans each month. The cost of ordering and receiving shipments is $12

aleksley [76]

Solution :

The optimal order quantity, EOQ = $\sqrt{\frac{2 \times \text{demand}\times \text{ordering cost}}{\text{holding cost}}}$

EOQ = $\sqrt{\frac{2 \times 2000 \times 12}{3.6}}$

= 115.47

The expected number of orders = $\frac{\text{demand}}{EOQ}$

$=\frac{2000}{115.47}$

= 17.32

The daily demand = demand / number of working days

$=\frac{2000}{240}$

= 8.33

The time between the orders = EOQ / daily demand

$=\frac{115.47}{8.33}$

= 13.86 days

ROP = ( Daily demand x lead time ) + safety stock

$=(8.33 \times 8)+10$

= 76.64

The annual holding cost = $\frac{EOQ}{2} \times \text{holding cost}$

$=\frac{115.47}{2} \times 3.6$

= 207.85

The annual ordering cost = $\frac{\text{demand}}{EOQ} \times \text{ordering cost}$

$=\frac{2000}{115.47} \times 12$

= 207.85

So the total inventory cost = annual holding cost + annual ordering cost

= 207.85 + 207.85

= 415.7

6 0

2 years ago

What statement regarding command economies is false

Anestetic [448]

What are the options?

6 0

2 years ago

Ethical issues that a business manager is not likely to encounter include? a. compliance with environmental regulations. b. appl

arlik [135]

The ethical issues that the business manager is not likely to encounter would be protocols for company meetings.

<h3>What is meant by ethical issues?</h3>

This is the term that is used to refer to all of the circumstances that has to do with the moral conflict that would arise in a given work environment. This is the issue that has to do with all forms of moral dilemma. The protocols for meeting does not fall under this.

Hence we can say that the ethical issues that the business manager is not likely to encounter would be protocols for company meetings.

Read more on ethical issues here: brainly.com/question/3808235

#SPJ1

6 0

6 months ago