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Jet001 [13]
3 years ago
10

A seasonal index for a monthly series is about to be calculated on the basis of three years' accumulation of data. The three pre

vious July values were 110, 150, and 130. The average over all months is 190. The approximate seasonal index for July is A) 0.487 B) 0.684 C) 1.462 D) 2.053 E) cannot be calculated with the information given
Business
1 answer:
kondor19780726 [428]3 years ago
6 0

Answer:

B) 0.684

Explanation:

For computing the approximate seasonal index, first we have to determine the average value for three months which is shown below:

= Previous July values ÷ number of values

= (110 + 150 + 130) ÷ 3

= 390 ÷ 3

= 130

Now the approximate seasonal index would be

= Average of three months ÷ average over all months

= 130 ÷ 190

= 0.684

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Holden has always wanted to work in the Government and Public Administration career cluster. He is very good at math and worked
Step2247 [10]

Answer:

the Revenue and Taxation pathway

Explanation:

100% on the test

3 0
3 years ago
Read 2 more answers
Suppose that all stocks can be grouped into two mutually exclusive portfolios (with each stock appearing in only one portfolio):
Otrada [13]

Answer:

option a 13.5%

Explanation:

                       Expected

                                Return           Volatility

Value Stocks           0.12             14%

Growth Stocks   0.15            24%

<u>Solution</u>

Expected return on market portfolio = Weight of value stock * return of value stock + weight of growth stock * value of growth stock

Expected return on market portfolio = 0.5 * 0.12 + 0.5 * 0.15

Expected return on market portfolio = 0.06 + 0.075

Expected return on market portfolio = 0.135 or 13.5%

6 0
3 years ago
Assume that a pure monopolist and a purely competitive firm have the same unit costs. In this case, determine what is true with
grandymaker [24]

Answer:

a. 1, 5 and 7

b. Resources will be allocated inefficiently

c. Differing sizes and capacities

d. Benefits due to economies of scale

e. Reduce prices and improve resource allocation.

Explanation:

The correct combination is 1, 5 and 7. The price of a pure monopoly firm is much higher than that of purely competitive firm because the later is a price taker while the former is a price fixer. Because of this, output of monopoly is lower while the profit margin is higher than that of competitive firm.

Assuming that a pure monopolist and a purely competitive firm have the same unit costs. In the case of a pure monopolist, resources will be allocated inefficiently because the monopolist does not produce at the point of minimum Average Total Cost and does not equate price and Marginal cost.

Even though both monopolists and competitive firms follow the MC = MR rule in maximizing profits, there are differences in the economic outcomes because pure competitors lack capacity and are smaller in size while the monopolist has the capacity to expand inorder to maximize profits.

The costs of a purely competitive firm and a monopoly may be different because the monopolist is capable of taking advantage of cost reduction arising from economics of scale. Pure competitors does not experience economies of scale due to their small sizes.

If a monopoly can experience economies of scale, it can reduce prices beyond that of the pure competitor thereby ensuring a more efficient resource allocation.

5 0
3 years ago
When the accounts of Blue Inc. are examined, the adjusting data listed below are uncovered on December 31, the end of an annual
torisob [31]

Answer:

1.-

insurance expense   1,020 debit

    prepaid  insurance              1,020 credit

2.-

rent revenue   1,650 debit

            cash                          1,650 credit

cash      1,650 debit

   unearned revenue      1,650 credit

unearned revenue    1,100 debit

   rent revenue                      1,100 credit

3.-

advertizing expense    535 debit

    advertizing supplies          535 credit

4.-

interest expense     802 debit

      interest payable         802 credit

Explanation:

2-years of 4,896 AKA 24 months

months outstanding during the year: August 1st to December 31th: 5 months

4,896 x 5/24 = 1,020

purchases of advertising materials  801

materials on hand at year-end       <u> (266)  </u>

advertising expense                         535

we must reverse the entry as the rent revenue wasn't accrued yet we have unearned revenue and at year-end we adjust for the earned protion which is 2 months: 1,650 x 2/3 = 1,100

as the inerest are accrued it means we aren't paying them at year-end

5 0
3 years ago
Andrew Industries purchased $166,000 of raw materials on account during the month of March. The beginning Raw Materials Inventor
KatRina [158]

Answer:

$33,200= ending inventory

Explanation:

Giving the following information:

Andrew Industries purchased $166,000 of raw materials.

The beginning Raw Materials Inventory balance was $22,200, and the materials used to complete jobs during the month were $141,900 of direct materials and $13,100 of indirect materials.

To calculate the ending inventory, we need to use the following formula:

Raw materials used= beginning inventory + purchases - ending inventory

141,900 + 13,100= 22,200 + 166,000 - ending inventory

155,100= 188,000 - ending inventory

33,200= ending inventory

4 0
3 years ago
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