Answer: The Southern Corporation manufactures a single product and has the following cost structure:
Explanation:
Fixed costs per year: Production$98,770 Selling and administrative$86,920 Last year, 5,810 units were produced and 5,610 units were sold. There was no beginning inventory. The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be:
Answer:
B) GDP would definitely increase because GDP excludes leisure.
Explanation:
The gross domestic product GDP includes the market value of all the final and legal goods and services produced within a country during one year.
Leisure time by itself is not included in the GDP, recreational and travel activities are, e.g. hotel services, restaurants, camping equipment, etc.
Answer:
The correct answer is letter "B": rational people think at the margin.
Explanation:
The "rational people think at the margin" principle means that consumers consider the marginal benefits and costs of acquiring a good or service before the purchase is made. Purchases typically take place when the marginal benefit is higher than the marginal cost.
Answer:
The amount of the gift is 566,371.6814
Explanation:
Average rate of return = Average net profit / average investment
Average rate of return = 5.65% (5.65/100 = 0.0565)
average net profit = 32000
average investment = unknown
to calculate the amount of the gift which is investment in this case the same formula for Average rate of return will be used i.e
Average rate of return = Average net profit / average investment
0.0565 = 32, 000/ x
cross multiply
0.0565 x = 32,000
divide both sides by 0.0565
x = 32,000/0.0565
32,000/ 0.0565 = x
x = 566,371.6814
The amount of the gift is 566,371.6814
