Answer:
D
Explanation:
So, lets go over what inflation and purchasing power mean.
Inflation is the increase in money of something.
Purchasing power is a persons ability of pruchasing something.
Now, heres an example. A 300 dollar apple phone was quickly being purchased, and apple infalted the price to 600 dollars. Since people can only afford to purchase so much, some might not be able to afford this. This means not as many people can purchase it.
Since the price was raised, this measn the inflaction was increased.
Since the amount of people that could afford the apple phone shrunk, the purchasing power decreased.
So basically, to summarize this:
As the infaltion of an item is increased, the purchasing power is decreased, for less people can afford the higher price.
Answer:
<u>D - As the rate of inflation increases, purchasing power decreases.</u>
Hope this helps!
Answer:
income tax expense 18,000
Explanation:
we have to calcualte the taxable income on each bracket:
1st 20,000 tax free
$20001 to $40,000 are taxes at 20% Thus, 4,000 income tax
$40,001 to $60,000 are taxes at 30% Thus, 6,000 income tax
$60,001 to $80,000 are taxes at 40% Thus, 8,000 income tax
In total the income tax will be for $18,000
Answer:
- total product costs incurred to make 27,500 units = $25.10 x 27,500 = $690,250
- total period costs incurred to make 27,500 units = $15.10 x 27,500 = $415,250
- total product costs incurred to make 31,000 units = $25.10 x 31,000 = $778,100
- total period costs incurred to make 24,000 units = $15.10 x 24,000 = $362,400
Explanation:
Average Cost per Unit
- Direct materials $8.90
- Direct labor $5.90
- Variable manufacturing overhead $3.40
- Fixed manufacturing overhead $6.90
- Fixed selling expense $5.40
- Fixed administrative expense $4.40
- Sales commissions $2.90
- Variable administrative expense $2.40
Product costs include direct labor, direct materials, production supplies, and factory overhead. Product costs per unit = $8.90 + $5.90 + $3.40 + $6.90 = $25.10
Period costs include selling and administrative expenses. Period costs per unit = $5.40 + $4.40 + $2.90 + $2.40 = $15.10
![a) $y=0.00991 x+1.042$b) $r^2=0.7503^2=0.563$\\C) $r=\frac{7(30095)-(4210)(49)}{\sqrt{\left[7(2595100)-(4210)^2\right]\left[7(354)-(49)^2\right]}}=0.7503$](https://tex.z-dn.net/?f=a%29%20%24y%3D0.00991%20x%2B1.042%24b%29%20%24r%5E2%3D0.7503%5E2%3D0.563%24%5C%5CC%29%20%24r%3D%5Cfrac%7B7%2830095%29-%284210%29%2849%29%7D%7B%5Csqrt%7B%5Cleft%5B7%282595100%29-%284210%29%5E2%5Cright%5D%5Cleft%5B7%28354%29-%2849%29%5E2%5Cright%5D%7D%7D%3D0.7503%24)
x: 500, 700, 750, 590 , 540, 650, 480
y: 7.00, 7.50 , 9.00, 6.5, 7.50 , 7.0, 4.50
We want to create a linear model like this :
Where
And:
With these we can find the sums:
And the slope would be:
Now we can find the means for x and y like this:
And we can find the intercept using this:
And the line would be:
Part b
The correlation coefficient is given by:
![r=\frac{n\left(\sum x y\right)-\left(\sum x\right)\left(\sum y\right)}{\sqrt{\left[n \sum x^2-\left(\sum x\right)^2\right]\left[n \sum y^2-\left(\sum y\right)^2\right]}}](https://tex.z-dn.net/?f=r%3D%5Cfrac%7Bn%5Cleft%28%5Csum%20x%20y%5Cright%29-%5Cleft%28%5Csum%20x%5Cright%29%5Cleft%28%5Csum%20y%5Cright%29%7D%7B%5Csqrt%7B%5Cleft%5Bn%20%5Csum%20x%5E2-%5Cleft%28%5Csum%20x%5Cright%29%5E2%5Cright%5D%5Cleft%5Bn%20%5Csum%20y%5E2-%5Cleft%28%5Csum%20y%5Cright%29%5E2%5Cright%5D%7D%7D)
For our case we have this:
![$$\begin{aligned}& \mathrm{n}=7 \sum x=4210, \sum y=49, \sum x y=30095, \sum x^2=2595100, \sum y^2=354 \\& r=\frac{7(30095)-(4210)(49)}{\sqrt{\left[7(2595100)-(4210)^2\right]\left[7(354)-(49)^2\right]}}=0.7503\end{aligned}$$](https://tex.z-dn.net/?f=%24%24%5Cbegin%7Baligned%7D%26%20%5Cmathrm%7Bn%7D%3D7%20%5Csum%20x%3D4210%2C%20%5Csum%20y%3D49%2C%20%5Csum%20x%20y%3D30095%2C%20%5Csum%20x%5E2%3D2595100%2C%20%5Csum%20y%5E2%3D354%20%5C%5C%26%20r%3D%5Cfrac%7B7%2830095%29-%284210%29%2849%29%7D%7B%5Csqrt%7B%5Cleft%5B7%282595100%29-%284210%29%5E2%5Cright%5D%5Cleft%5B7%28354%29-%2849%29%5E2%5Cright%5D%7D%7D%3D0.7503%5Cend%7Baligned%7D%24%24)
The determination coefficient is given by:
Part c
![r=\frac{7(30095)-(4210)(49)}{\sqrt{\left[7(2595100)-(4210)^2\right]\left[7(354)-(49)^2\right]}}=0.7503](https://tex.z-dn.net/?f=r%3D%5Cfrac%7B7%2830095%29-%284210%29%2849%29%7D%7B%5Csqrt%7B%5Cleft%5B7%282595100%29-%284210%29%5E2%5Cright%5D%5Cleft%5B7%28354%29-%2849%29%5E2%5Cright%5D%7D%7D%3D0.7503)
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Typically representative of a combination of ideas that are integrated to create value is the correct option.
Frans Johansson believes that innovation may be accomplished by combining ideas from many fields and sectors. He emphasized the value of varied teams and how different viewpoints will aid in the creation of enhanced ideas.
The Medici effect refers to the belief that enhanced creativity and invention arise as a result of variety. Step-changes can occur when ideas and skilled individuals from many professions are brought together to cooperate. Frans Johansson's novel of the same name inspired the concept.
Therefore, the correct option is a.
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