Nora Damus reviews her forecasting triumphs and failures as part of her annual report to the Chief Operating Officer. She notes
1 answer:
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Answer:
The growth rate of the U.S economy in 2011 was 5.65%
Explanation:
This is a simple calculation
We use this formula to calculate percent changes from one period to another:
% change =
We have that the GDP for 2010 was $11,150 billion and the GDP in 2011 was $11,780 billions we then apply the formula:
% change =
% change =
This means that the growth rate of the U.S economy in 2011 was 5.65%
Answer:
Following are the responses to the given question:
Explanation:
For question 1:
Calculating the cost per unit:
For question 2:
Calculating the ending inventory units:
Calculating the cost for the Ending inventory:
For question 3:
Calculating the absorption costing for the income statement:
Particular Amount
Sales
-COGS
Gross profit
Cost of variable marketing
marketing and administrative costs are fixed
Net income