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3 years ago

The Tobler Company had budgeted production for the year as follows:

Business

1 answer:

solong [7]3 years ago

4 0

Answer:

The correct answer is C.

Explanation:

Giving the following information:

The Tobler Company had budgeted production for the year as follows:

Quarter 1 2 3 4

Production in units 10,000 9,000 13,000 11,000

4 pounds of raw materials are required for each unit produced. Raw materials on hand at the start of the year total 7,000 lbs. The raw materials inventory at the end of each quarter should equal 9% of the next quarter's production needs in materials.

Direct material 2nd quarter:

Production= 9,000*4= 36,000lbs

Ending inventory= (13,000*0.09)*4= 4,680lbs

Beginning inventory= (9,000*0.09)*4= 3,240lbs (-)

Total= 37,440 lbs

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When government intervention makes currency worthless, this condition is called

DiKsa [7]

In economics, hyperinflation occurs when a country experiences very high and usually accelerating rates of inflation, rapidly eroding the real value of the local currency, and causing the population to minimize their holdings of local money. Hyperinflation<span> is a situation where the price increases are so out of control that the concept of inflation is meaningless.</span>

5 0

3 years ago

Read 2 more answers

The manager of a publishing company plans to give a $23,000 bonus to the top 12 percent, $10,000 to the next 25 percent, and $6,

I am Lyosha [343]

Answer:

total expected bonus = $1262800

Explanation:

given data

bonus = $23,000

Probability = 12 percent

bonus = $10,000

Probability = 25 percent

bonus = $6,000

Probability = 8 percent

total sales = 220

solution

first we get probability for bonus amount = $0

probability = 1 - ( 12% + 25% + 8 % )

probability = 0.55

so here Expected bonus per employee company will pay is

Expected bonus = $23000 × (0.12) + $10000 × (0.25) + $6000 × (0.08) + $0 (0.55)

Expected bonus = $5740

so total expected bonus is

total expected bonus = $5740 × 220

total expected bonus = $1262800

8 0

3 years ago

Steve Company purchased a tractor at a cost of $180,000. The tractor has an estimated salvage value of $20,000 and an estimated

ss7ja [257]

Answer:

Loss on sale = $38,000

Explanation:

The computation of sale of tractor is shown below:-

Total depreciation = ($180,000 - $20,000) × (2,400 + 2,100) ÷ 10000

= $72,000

Net book value on January 1, 2021 = Tractor cost - Total depreciation

= $180,000 - $72,000

= $108,000

Loss on sale = Total depreciation - Net book value on January 1, 2021

= $70,000 - $108,000

= $38,000

Therefore for computing the sale of tractor we simply applied the above formula.

4 0

3 years ago

Henri earned a salary of $50,000 in 2001 and $70,000 in 2006. The consumer price index was 177 in 2001 and 265.5 in 2006. Henri'

gladu [14]

Answer:

Henri's 2006 salary in 2001 dollars =$46,666.66

Explanation:

A rise in the price index implies inflation

Inflation is the increase in the general price level. Inflation erodes the value of money.

This price index is the weighted average price of a basket of goods and services consumed by a typical consumer. It is used to measure the rate of inflation.

So we can determine the salary in the base year value as follows:

2006 Salary in the base year terms=

CPI base year/CPI in the current year × salary in the current year

CPI base year- 177, CPI in the current yea- 256.5,

Salary in the current year - 70,000

Henri 2006 Salary in 2001 Dollar

=177/265.5 ×70,000/265.5 = 46,666.66

Henri's 2006 salary in 2001 dollars =$46,666.66

8 0

4 years ago

Assume that consumers in a nation reduce their marginal propensity to save from 0.25 to 0.2 though their personal incomes initia

umka21 [38]

Answer:

Since the multiplier is now higher than before, this change in MPS will therefore make the real gross domestic product (GDP) to increase.

Explanation:

Old marginal propensity to save = 0.25

Old marginal propensity to consume = 1 - 0.25 = 0.75

Old multiplier = 1 / Old marginal propensity to save = 1 / 0.25 = 4

New marginal propensity to save = 0.20

New marginal propensity to consume = 1 - 0.20 = 0.80

New multiplier = 1 / New marginal propensity to save = 1 / 0.20 = 5

Change in multiplier = New multiplier - Old multiplier = 5 - 4 = 1

Therefore, the decrease in marginal propensity to save (MPS) will increase marginal propensity to consume (MPC) form 0.75 to 0.80 and the multiplier from 4 to 5.

Since the multiplier is now higher than before, this change in MPS will therefore make the real gross domestic product (GDP) to increase.

7 0

3 years ago