Answer:
Option C is Correct ($56,400)
Cost of the company's ending work-in-process inventory=$56,400.
Explanation:
Option C is Correct ($56,400)
Given:
Ending Work in process=2000 units
Conversion= $22
Material= $15
Completed units=15,000 units
Required:
Cost of the company's ending work-in-process inventory=?
Solution:
Material Cost= $15
Conversion Cost= $22 *60%
Conversion Cost= $13.2
Total Cost=Material Cost+Conversion Cost
Total Cost=$15+$13.2
Total Cost= $28.2
Cost of the company's ending work-in-process inventory=Ending Work in process*Total Cost
Cost of the company's ending work-in-process inventory=2000*28,2
Cost of the company's ending work-in-process inventory=$56,400.
<span>The payment is said to be indexed. Indexing a payment means that the income payments are adjusted by a price index. This is to maintain the purchasing power of the public when inflation hits. This is a type of monetary correction.</span>
Answer:
(i) Base year prices
(ii) between two consecutive years
Explanation:
formula for GDP deflator is (real GDP)/(nominal GDP) x 100 which is the numerator real GDP where prices are valued at the current year adjusted to inflation or deflation and then the denominator where prices are valued at a base year where prices are valued at a nominal year which are not adjusted to any inflation or deflation.
The CPI ( consumer price index) is calculated by determining the rise or fall in price of a good or goods in two consecutive periods which in turn gives us the increase or decrease in price percentage.
Answer:
SD = 0.0740270 or 7.40270 percent rounded off to 7.403 percent
Explanation:
To calculate the standard deviation of the investment, we must first calculate the expected or mean return of the investment. The expected or mean return can be calculated as follows,
r = pA * rA + pB * rB + ... + pN * rN
Where,
- pA, pB, ... represents the probability of state occurrence
- rA, rB, ... represents return A, return B and so on under each state
r = 0.2 * 0.16 + 0.4 * 0.12 + 0.2 * 0.05 + 0.2 * -0.05
r = 0.08 or 8%
The formula to calculate the standard deviation of a stock/investment is as follows,
SD = √pA * (rA - r)² + pB * (rB - r)² + ... + pN * (rN - r)²
SD = √0.2 * (0.16 - 0.08)² + 0.4 * (0.12 - 0.08)² + 0.2 * (0.05 - 0.08)² + 0.2 * (-0.05 - 0.08)²
SD = 0.0740270 or 7.40270 percent rounded off to 7.403 percent
Answer:
The answer is A
Explanation:
Taxes on goods with INELASTIC demand curves will tend to raise more tax revenue for the government than taxes on goods with ELASTIC.
Goods with inelastic demand are insensitive to price. An increase price of the goods for example from an increase in tax on the goods will have no significant effect in the quantity demanded. Consumers will still buy it with an higher. So taxing this goods is a good source of revenue for the government.
Whereas goods with elastic demand are very sensitive to rice. Any slight increase in price will result in a significant decrease in quantity demanded. So government increasing tax on this good will be bad for its tax revenue because consumers won't be it
