Considering the available options, the statements that will likely lead to cost-push inflation include <u>"An increase in the price of oil has reduced supply of all goods and services that use oil as an input."</u>
The other options that will likely lead to cost-push inflation are "<u>Consumers become more comfortable with debt, increasing their spending as they take on more loans.</u><u>"</u>
<h3>What is Cost-Push inflation?</h3>
Cost-Push inflation is a type of inflation caused by the rise in the cost of wages and raw materials.
This implies that the rise in wages allows the consumers to spend more money on limited supply.
Also, when the rise in the cost of materials reduced the supply of all goods and services.
Hence, in this case, it is concluded that the correct answer is options A and E.
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Answer:
D. Moving averages
Explanation:
Moving averages is a method of forecasting which is adopted to receive an overall idea of the trends for a given data
Moving averages is an average of any subset of numbers.
This method is very useful when the long-term trends are to be forecast or when the number of data sets are large in numbers.
Answer:
a) $17.70
Explanation:
The computation of the predetermined overhead rate is shown below:
But before that we need to do the following calculations
Applied manufacturing overheads is
= $13,850 + $294,130
= $307,980
And,
Applied manufacturing overheads is
= predetermined overhead rate × Actual direct labor hours
Hence predetermined overhead rate is
= $307,980 ÷ 174,00 hours
= $17.70
Therefore, the correct option is d. $17.70
Excise taxes on tobacco and alcohol and state sales taxes are often criticized for being regressive. Although everyone pays the same rate regardless of income, this might be so because low-income individuals are more prone than high-income individuals to purchase alcohol, tobacco, and gasoline.
<h3>What are Excise taxes?</h3>
- Any duty on produced items that are assessed at the time of manufacture rather than the time of sale is known as an excise or excise tax.
- Excises and customs duties are frequently used interchangeably, although customs taxes are imposed on already-existing products when they cross a defined border in one direction, whereas excise is imposed on goods that were created inland.
- State sales taxes and excise taxes on alcohol and cigarettes are frequently criticized for being regressive.
- Despite the fact that everyone pays the same rate regardless of income, this may be the case because people with low incomes are more likely than those with higher incomes to buy alcohol, cigarettes, and fuel.
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