Answer:
Month incurred Amount October November December
$ $ $ $
October 240,000 144,000 96,000
November 256,000 153,600 102,400
December 228,000 136,800
144,000 249,600 239,200
The budgeted balance for accounts payable at October 31 is $96,000, which is the 40% of purchases not realized in October.
Explanation:
Purchases for each month are settled 60% in the month of purchases and 40% in the month following purchases. 60% of October purchases are settled in October while 40% are settled in November.
The breakeven point is that when the total revenue is equal to the total cost of production. If we let x be the average selling price, the total revenue would be,
6000x
Given the conditions above, the total cost would be,
(6000)(6) + 24000
At breakeven,
TR = TC
Substituting,
6000x = (6000)(6) + 24000
The value of x from the equation is 10
Answer: $10
Answer:
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Explanation:
Answer:
a. If policymakers wish to prevent the equilibrium price level from changing in response to the oil price increase, they should decrease the quantity of money in circulation because that will put a check on demand of oil in the market which will prevent the equilibrium price rise.
b. If policy makers wish to prevent equilibrium real GDP from changing in response to the oil price increase then the key is to control inflation.In order to do that, money circulation should be decreased so that the demand of oil could lower down and inflation remains in check.
c.Yes, it is possible to stabilize both the price level and real GDP simultaneously in short run because firms possess fixed factors like prices and capital and other factors of production.If policymakers need to stabilize prices and real GDP then inflation should be controlled by decreasing money circulation quantity so that other fixed factors of production firms like capital or wages could be used in order to keep the prices stable for short term.
Answer:
The Value added of the Baker is $0.25
The sum of the value added at each stage of production is :
Farmer = $0.15
Miller = $0.20
Baker = $0.25
Grocer = $0.20
Total Value added = $0.80
Explanation:
Farmer cost = $0.20
Farmer Margin = $0.15
Farmer Sells to Miller = $0.35
Miller Margin = $0.20
Miller sells to Baker = $0.55
Baker Margin = $0.25
Baker sells to Grocer = $0.80
Grocer Margin = $0.20
Grocer sells to Family = $1.0
The concept of Value added states that a product receives extra features from the beginning of its production cycle to when it gets into the hands of its final consumers. The process of it being handed down through the Value Chain results in changes in Prices between the Input Costs and selling Prices. This difference is identified as Value added.
In this question, the Farmer added Value by turning a seed of wheat to a harvest of wheat which he sold to the Miller. The Miller further added Value by transforming the wheat into flour and selling this to the Baker. The Baker adds value by producing a product the consumer needs and selling to the Grocer, in his case bread. The Grocer added value by making it available on the shelf and within the neighborhood of the consumer.
This is how value is added. And it varies per product and per channel of distribution too.