Answer:
the correct answer is 2/3
Explanation:
With approximately 2/3 of U.S. dollars abroad (outside the country), the American banking system is truly global in nature..
A 5% increase in price leads to a 2.5% decrease in quantity demanded.
<h3>What is the effect of an increase in price?</h3>
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Percentage change in quantity demanded = 5 x 0.5 = 2.5
To learn more about price elasticity of demand, please check: brainly.com/question/18850846
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The change in the Consumer Price Index shows that the inflation rate for that one-year period is 20%.
<h3>What is the inflation rate?</h3>
This can be found by the formula:
= (New CPI - Old CPI) / Old CPI x 100%
Solving gives:
= (240 - 200) / 200 x 100%
= 40 / 200 x 100%
= 20%
In conclusion, inflation is 20%.
Find out more on the consumer price index at brainly.com/question/1889164.
I think the technique meant here was unit analysis. This is when you manipulate units so as to get to the unit of the final answer that you're looking for. For this, problem the final answer should be in terms of monetary units, say in dollars. Assuming there are 4 weeks in a year, the equation would be:
Amount = 0.25w + 10(4w)
Amount = 0.25w + 40w
Amount = 40.25w
Answer:
e.$7,200
Explanation:
For computing the closing stock under variable costing, first we have to determine the product cost per unit which is shown below:
= (Direct materials cost + direct labor cost + Variable factory overhead cost) ÷ (production units)
= ($25,000 + $35,000 + $12,000) ÷ (20,000 units)
= $3.6 per unit
Now the closing stock would be
= 2,000 units × 3.6 per unit
= $7,200
The ending inventory units would be
= 20,000 - $18,000
= 2,000