Answer:
A. exports exceed imports by $50 billion.
Explanation:
GDP = Consumption spending + Investment + Government Spending + Net Export
Net Export = Export - Import
1.2 = 0.69 + 0.2 + 0.26 + Net Export
Net Export = $0.05 trillion
Net Export was $50 billion. Since net export is positive, exports exceeds import by $50 billion.
If ten executives have salaries of $80,000, six have salaries of $75,000, and three have salaries of $70,000, The median salary is $80,000
Total number of observation = 10+6+3= 19
Median = =20/2 = 10 th value
Reason:
The median is the middle score when they are arranged in ascending or descending order.
Since there are a total of 19 observed values, the tenth value is the median $80,000
What is the median ?
The median is the middle number arranged in , ascending or descending order of numbers and can be more detailed of that data set than the average.
Why is median important?
The median is important because it gives us an information about the the center value of data and its location. The median tends to be more helpful to calculate than the mean when a distribution is skewed and/or has outliers.
Learn more about median:
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Answer:
$7,000 Unfavorable
Explanation:
data provided
Material in units = 18,000
Price per unit = 2
Actual hours = 38,000
Selling price = $3.50
The computation of material efficiency variance is shown below:-
Materials efficiency variance = (Standard hours - Actual hours) × Selling price
= (18,000 × 2 - 38,000) × $3.50
= $7,000 Unfavorable
Therefore for computing the material efficiency variance we simply applied the above formula.
Answer:
Chuck must be less than $260,000
Explanation:
The economic decision rule is: Do it if that marginal benefit exceeds the marginal cost and Since Chuck was unwilling to purchase the house at $260,000, we can deduce that the marginal benefit of purchasing the house must be less than $260,000 due to the fact that the seller turns down the offer but says she will sell the house for $260,000.
Answer:
The break-even point in unit sales is closest to 700 units
Explanation:
Break-even point is the level of sale at which business incur No Profit No loss. At this point the business cover all the variable and fixed costs and no profit is earned yet. The contribution earned over this point is the actual profit for the business.
Price per unit = $50,000 / 1,000 = $50 per unit
Variable cost per unit = $32,500 / 1,000 = $32.5 per unit
Contribution Margin per unit = $17,500 / 1,000 = $17.5 per unit
Break-even point is Calculated as follow:
Break-even Point = Fixed Cost / Contribution margin per unit
Break-even Point = $12,250 / $17.5
Break-even Point = 700 units