1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
VLD [36.1K]
3 years ago
15

Suppose one economist believes the target rate of unemployment is 4.5 percent while another believes it is 5.5 percent. Using Ok

un’s rule of thumb, by how much would you expect their estimates of potential GDP to differ in a $10 trillion economy?
Business
1 answer:
Arlecino [84]3 years ago
6 0

Answer:

$200 billion

Explanation:

Okun's law (or rule of thumb) states that for every 1% point drop in unemployment, the total output of the economy will increase by two percent.

In this case, since unemployment varies by 1% (= 5.5% - 4.5%), that would mean that the potential GDP differs in $200 billion (= $10 trillion x 2%) depending on which economist's unemployment estimation we use.

You might be interested in
Cost of Goods Manufactured for a Manufacturing Company
aniked [119]

Answer:

Cost of goods manufactured $ 2567,400

Explanation:

<u>Ethtridge Manufacturing Company </u>

<u>Statement of Cost of Goods Manufactured </u>

<u>For the Month Ended July 31 </u>

Direct materials $1,150,000

Direct labor 966,000

Total factory overhead 490,500

Total manufacturing costs $  2606500

Add July 1 Work in process inventory, 316,400

Cost of Goods Available for manufacture $ 2922,900

Less July 31 Work in process inventory,  355,500

Cost of goods manufactured $ 2567,400

When we add the direct materials. direct labor and FOH we get the total manufacturing costs .

When the total manufacturing costs are added to the opening work in process inventory we get the cost of goods available for manufacture and we get the cost of goods manufactured by subtracting the ending work in process inventory from the cost of goods available for manufacture.

6 0
3 years ago
Which of the following is not a type of trademark? fanciful arbitrary simple suggestive
Phantasy [73]

Considering the available options, the choice that is not a type of trademark is "<u>Simple</u>."

<h3>What is a Trademark?</h3>

Trademark is the term used to describe the word, phrase, design or symbol, or combination thereof.

Generally, the purpose of a Trademark is to create the identity for the source of the commodities such that these commodities can be easily differentiated from similar commodities.

<h3>Different types of Trademarks</h3>

There are four major categories of Trademarks which include the following:

  • Coined or Fanciful trademark
  • Arbitrary trademark
  • Suggestive trademark
  • Descriptive trademark

Hence, in this case, it is concluded that the correct answer is "<u>Simple</u>."

Learn more about Trademarks here: brainly.com/question/11957410

5 0
2 years ago
In 2018, its first year of operations, Kimble Corp. has a $740,000 net operating loss when the tax rate is 35%. In 2019, Kimble
ivanzaharov [21]

Answer:

Explanation:

The journal entries are shown below:

a) Deferred tax asset A/c Dr  $259,000          ($740,000 × 35%)

          To benefit due to loss carry forward $259,000      

(Being recording of the carry forward amount is done)

Benefit due to loss carry forward A/c  Dr $259,000      

        To allowance to reduce deferred tax to expected realizable value $259,000      

(Being allowance amount is recorded)

b) Income tax expense A/c Dr.  $101,500       ($290000 × 35%)

        To Deferred Tax Asset A/c $101,500  

(Being recording of current tax and deferred tax is done)

Allowance to reduce deferred tax to expected realizable value Dr $101,500  

            To benefit due to loss carry forward $101,500

(Being allowance eliminated and carry forward loss is recorded)

5 0
3 years ago
Outdoor Company expects to sell 7 comma 500 units for $ 175 each for a total of $ 1 comma 312 comma 500 in January and 2 comma 5
nikitadnepr [17]

Answer and  Explanation:

The preparation is presented below:

                              Outdoor Company

               Inventory, Purchases, and Cost of Goods Sold Budget    

             Two months Ended January 31 and February 28

Particulars              January          February March

Sales in units         7,500 units      2,500 units   4,700 units

Sales price         $175                 $195              $270

Sales in dollars $1,312,500      $487,500       $1,269,000

Percentage of cost of goods sold 60%   60% 60%

Cost of goods sold $787,500      $292,500 $761,400

Add: Desired ending merchandise inventory $185,500 466,840

    ($292,500 × 60% + $10,000)        ($761,400 × 60% + $10,000)

Total merchandise inventory required $973,000   $759,340

Less: Beginning merchandise inventory $482,500  $185,500

                        ($787,500 × 60% + $10,000)

Budgeted purchases $490,500  $573,840

The ending inventory of month of Jan should be beginning inventory of Feb and the same is shown above

         

6 0
3 years ago
All of the following must be disclosed on municipal bond trade confirmation EXCEPT: A "In Whole" call dates B For revenue bonds,
Mashcka [7]

Answer:

The correct answer is D. For general obligation bonds, the source of income backing the issue.

Explanation:

There is no requirement to disclose the source of income that supports a general obligation issue because it must be a taxing power. The MSRB requires that the type of income that supports an income bond issue be disclosed, as well as the name of the corporate guarantor of the industrial income bonds. The dates of the calls "in their entirety" must also be disclosed in the customer confirmations, as they may affect the price of the issuance according to the rules of the MSRB (the MSRB requires that if a bond quoted based on performance is negotiated with a premium, and if it is enforceable "in its entirety" on pre-established dates and prices, then the dollar price must be calculated at the date of the call instead of the expiration date, since it is most likely to be called ).

5 0
3 years ago
Other questions:
  • Compare the world population index for 1960 to the world population index for 2000. then express the world population in 2000 as
    11·1 answer
  • A study of interior designers' opinions with respect to the most desirable primary color for executive offices showed that:
    7·1 answer
  • Which document put you at the least risk of identity theft? A.cash receipts. B.pre-approved credit card offers. C.old tax record
    9·2 answers
  • Scott is a manager at a large electronics company. His primary role within the organization is to plan for the "people needs" of
    9·1 answer
  • The following table shows a simplified consolidated balance sheet for the entire
    8·1 answer
  • Given D: Annual use of a particular item, in number of items per year Q: Number of items ordered in one purchase order, in units
    10·1 answer
  • What is one specific requirement of a negotiable instrument?
    9·1 answer
  • Lorenzo Company uses a job order costing system that charges overhead to jobs on the basis of direct materials cost. At year-end
    14·1 answer
  • When Professor Park travels for business, she always rents her car through Station Rental Company because no matter the office l
    11·1 answer
  • Today, _______ recognize LLCs and provide both procedural (formation) and internal default rules (in the event the parties are u
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!