Answer:
Between quarter 7 and 8
Explanation:
To calculate the recession lets consider the quarter 7 and 8.
GDP in quarter 7 =$4499 Billion
GDP in quarter 8 =$4409 Billion
Growth rate of GDP in these two quarters= 4409-4499/4499*100
= -2 percent
Recession happens when the GDP decreases
so duh and boooooooooooooooooooooo
Answer:
If Harvey decides to purchase the parts instead of manufacturing them, their total costs will increase by $164,000
Explanation:
currently Harvey's costs are:
variable costs = $70,000
fixed costs = $60,000
total $130,000
total cost per unit = $130,000 / 90,000 units = $1.44 per unit
if Harvey decide to outsource the production of the parts:
variable costs = 90,000 x $3.50 = $315,000
decrease in fixed costs = $70,000 x -30% = -$21,000
total costs = $294,000
If Harvey decides to purchase the parts instead of manufacturing them, their total costs will increase by ⇒ $294,000 - $130,000 = $164,000
Answer:
A) Yes No
- Accounts Receivable ⇒ yes
- Accrued Liabilities ⇒ no
Explanation:
A net decrease in accounts receivable means that the company received more cash from its customers (higher cash positions), so income will be higher for businesses using cash basis than accrual basis.
On the other hand, if accrued liabilities decrease, it means that the company paid more debts, reducing its cash positions. If the company uses cash basis accounting, their income will decrease since the cash position decreases.