When the government injects money into the economy, consumer s may have less purchasing power, which may lead too

Anything that is capable of being owned or controlled to produce value would be considered as what?

Tatiana [17]

Answer: The correct answer is anything that is capable of being owned or controlled to produce value is an asset.

Explanation: An asset is anything that is capable of being owned or controlled to produce value. Assets represent the value of ownership that can be converted to cash.

7 0

3 years ago

Did you receive less than 21 weeks of an unemployment insurance benefit payment for weeks between march 15, 2020, and june 26, 2

Galina-37 [17]

It is a true statement that people receive an unemployment insurance benefit payment for more than 21 weeks.

<h3>What is an unemployment insurance benefit payment?</h3>

This is a benefit that provide a temporary financial assistance to the unemployed workers who meet the requirements of State law.

In most states, the workers are eligible for up to 26 weeks of benefits from the regular state-funded unemployment compensation program.

Therefore, It is a true statement that people receive an unemployment insurance benefit payment for more than 21 weeks.

Read more about insurance benefit

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7 0

2 years ago

In the budget constraint framework, when the price of a good rises and demand for the other good decreases, what can you say abo

nignag [31]

Answer:

The increase in demand of the product with the higher price or decrease in demand for the other goods is because the substitution effect is outweighed by the income effect of price increase.

Explanation:

The above explanation in economics refers to Giffen Good. The idea behind this concept Giffen is that if you do not have money and there is an increase in the price of a fundamental product such as bread, it is still impossible to afford other alternatives, hence you will go ahead to buy bread or avoid buying any of the product. Hence, the demand for other product will also decrease in this case. This means that the demand for product with higher price or decrease in other substitute product is due to the fact that the income effect outweighs the substitution effect. Hence people do not have the money to even afford the alternative product.

8 0

3 years ago

Amos, Inc. uses a standard cost system with the following labor standards for one unit of product: standard hours 0.2 and standa

andriy [413]

Answer:

$529.34 favorable and $1,111 unfavorable

Explanation:

The computation of the direct labor rate variance is shown below:

= Actual Hours × (Actual rate - standard rate)

= 3,781 hours × ($41,066 ÷ 3,781 hours - $11 per hour)

= 3,781 hours × ($10.86 per hour - $11 per hour)

= $529.34 favorable

And, the efficiency variance is

= (Standard hours - Actual hours) × standard rate

where,

Standard hours is

= 18,400 units × 0.2

= 3,680 hours

Actual hours is 3,781 hours

So, the efficiency variance is

= (3,680 hours - 3,781 hours) × $11

= $1,111 unfavorable

7 0

3 years ago

Refer to the HR Reports in the Inquirer. Through past investments in recruiting and training Chester has obtained a productivity

Reil [10]

Note:

I wasn't able to access the Chester Income Statement but I successfully accessed a similar question Digby.

The Complete Question is as under:

Refer to the HR Reports in the Inquirer. Through past investments in recruiting and training Digby has obtained a productivity index of 109.6%. This means that Digby's labor costs would be increased by 9.6% if it did not have these productivity improvements. This is a competitive advantage that Digby can sustain or even widen further if its competitors have no HR initiatives. Now, refer to the Income Statement in Digby's Annual Report. How much did Digby's productivity improvements save it in direct labor costs (in thousands) last year?

A. $766

B. $29818

C. $3137

D. $3211

Answer:

Option D. $3,137

Explanation:

The Productivity Index of 9.6% shows that if the improvement plan is implemented then the efficiency gains would result in saving of 9.6% of total direct cost. So if we total the direct cost for the year for all of the four products then we have an amount of $32,680 which is given at the second last column.

The amount saved last year would be:

Savings = $32,680 * 9.6% = $3,137

Hence the option C is correct here.

3 0

4 years ago