Answer: C) Otto
Explanation: Unlike the general perception evidenced in the research, having inflation is not a negative event. In fact, enjoying constant and controlled price increases is a sign that the demand for households is good, which translates at the same time into a greater need for production which ultimately results in economic growth.
Answer:
c. $480,000
Explanation:
Cost of goods manufactured $
Direct materials used 120,000
Direct labor 200,000
Manufacturing overhead 150,000
Beginning work in process 20,000
Ending work in process <u> 10,000 </u>
Cost of goods manufactured <u> 480,000 </u>
So, Correct option is c. $480,000
Answer:a) --A -$50.00
Explanation:
Using days of year = 360 days
Interest due = Principal x rate x period
= $1500 x 10% x 120/360
= $50
The total interest due on the maturity date is:__$50.00___
Answer:
Price floor non binding
Price ceiling binding
Price ceiling binding
Explanation:
A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.
Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
A. The minimum price is less than the equilibrium price, thus it is a non binding price floor
b. The maximum price is less than the equilibrium price, thus it is a binding price floor
c. Restaurants that would want to pay better wages are unable to do so. This means that there is a binding price maximum in place
