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Fiesta28 [93]
3 years ago
9

An associate professor of physics gets a $200 a month raise. She figures that with her new monthly salary she can buy more goods

and services than she could buy last year.
a.Her real and nominal salary have risen.
b.Her real and nominal salary have fallen.
Exercise before Midterm 3 Principles of Macroeconomics
c.Her real salary has risen and her nominal salary has fallen.
d.Her real salary has fallen and her nominal salary has risen.
Business
1 answer:
azamat3 years ago
7 0

Answer:

The correct answer is a. Her real and nominal salary have risen.

Explanation:

The term nominal salary refers to the salary literally expressed in money; It is the sum of money paid to the worker for the work done during the stipulated day. When referring to the nominal salary we cannot give ourselves a general idea about the level or real value of the salary. The true value of this salary depends entirely on the level of the prices that correspond to the objects of personal consumption, also on the value of the services that are required, as well as the volume of taxes, among other common expenses.

For its part, the real salary refers to the salary expressed with respect to livelihoods and services available to the worker with his salary; Indicates the amount of consumer items that the worker is able to acquire, as well as services that a worker can buy with his nominal salary (which is handled in the monetary amount that the worker receives)

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As a contemporary manager, your employees will perceive that their opinions are more valued if: you provide settings where emplo
erma4kov [3.2K]

Answer:

 you provide settings where employees have the opportunity to converse with all levels of management.

Explanation:

In simple words, employees feel motivated and values when they fell involved in the decisions inside the organisation, as these decisions affects them too.

    Generally, the core decisions in any organisation are taken by top managers but they too are dependent on lower level managers for the data they receive. Hence, a network should be set for employees so they can give their suggestions to  all levels of managers.

6 0
3 years ago
Neef Corporation has provided the following data for its two most recent years of operation: Selling price per unit Manufacturin
Luden [163]

Answer:

C. The amount of fixed manufacturing overhead released from inventories is $12,000

Explanation:

Fixed manufacturing overhead in year 1 = $432,000

Production of units in Year 1 = 12,000 units

Thus, fixed manufacturing overhead per unit in year 1 = $432,000 / 12,000 units = $36 per unit

Inventory at the end of year 1 = 3,000 units

Fixed manufacturing overhead deferred in year 1 = 3000 units * $36 per unit = $108,000

Now, lets calculate for year 2:

Production units: 9000 units

Fixed manufacturing overhead per unit in year 2 : $432,000 / 9,000 units = $48 per unit

Fixed manufacturing overhead in closing inventory = 2000 units * 48 = $96,000

<em>Fixed manufacturing overhead released from inventory = Fixed manufacturing overhead in beginning inventory - Fixed manufacturing overhead in ending inventory</em>

Now, applying the formula (as stated above) for calculating fixed manufacturing overhead released from inventory in year 2:

Fixed manufacturing overhead (FMOH) released from inventory in year 2 = FMOH in year 1 - FMOH in year 2

= $108,000 - $96,000 =

= $12,000.

7 0
3 years ago
The following partially completed process cost summary describes the July production activities of the Molding department at Ash
erma4kov [3.2K]

Answer:

1. Total costs to account for $ 794,190

2.Total units to account for 43,500

Total units accounted for 43,500

3.Total Equivalent units of production

Material 40,000

Conversion 41,200

4.Cost per EUP

Material $ 12

Conversion $ 6.6

5. COST ASSIGNMENT AND RECONCILIATION

Total costs accounted for $794,190

Explanation:

Preparation of its process cost summary using the FIFO method.

1. Costs Charged to Production:

Costs of beginning work in process:

Direct materials $ 37,650

Conversion $ 4,620

$ 42,270

Costs incurred this period:

Direct materials $ 480,000

Conversion $ 271,920

$ 751,920

Total costs to account for $ 794,190

(751,920+42,270)

2 . UNITS COST INFORMATION

Units to ACCOUNT FOR

Beginning work in process 3,500

Units started this period 40,000

Total units to account for 43,500

Units ACCOUNTED FOR

Completed & transferred out 39,500

Ending work in process 4,000

Total units accounted for 43,500

3. DIRECT MATERIAL

Equivalent units of production:

Units to complete beginning WIP:

Direct materials 3,500*0% 0

Units started and completed

Direct materials (39,500-3,500) 36,000 Units of ending work in process:

Direct materials 4,000

Total Equivalent units of production 40,000

(36,000+4,000)

CONVERSION

Equivalent units of production:

Units to complete beginning WIP:

Conversion 3,500*80% 2,800

Units started and completed

Conversion (39,500-3,500) 36,000

Units of ending work in process:

Conversion 2,400

Total Equivalent units of production 41,200

(2,800+36,000+2,400)

4. Direct Materials Conversion

COST PER EUP

Costs incurred this period

$ 480 000 $ 271,920

÷EUP (from prior page)

40,000 41,200

=Cost per EUP $ 12 $ 6.6

5. COST ASSIGNMENT AND RECONCILIATION

Costs transferred out:

Cost of beginning work in process $ 42,270

Cost to complete beginning work in process:

Direct materials (0 EUP x $12 per EUP) $0

Conversion (2,800 EUP x $6.60 per EUP) $ 18,480

Total $18,480

Costs of units started and completed this period:

Direct materials (36,000 EUP x $12 per EUP) $ 432,000

Conversion (36,000 EUP x $6.60 per EUP) $ 237,600 $ Total $669,600

Total cost of work finished this period $ 688,080

( 669,600+ 18,480)

Costs of ending work in process:

Direct materials (4,000 EUP x $12 per EUP) $ 48,000

Conversion (2,400 EUP x $6.60 per EUP) $ 15,840 $ Total $63,840

Total costs accounted for $794,190

(42,270$ 688,080+63,840)

7 0
3 years ago
You run a game day shuttle service for parking services for the local ball club. Your costs for different customer loads are 1:
Aleonysh [2.5K]

Answer:

Customer        Cost       Marginal cost       Total Revenue        Profit

      1                 $30              0                            10                     -20

      2                $32               2                            20                    -12

      3                $35               3                             30                    -5

      4                $38               3                             40                     2

      5                $42               4                             50                     8

      6                $48               6                             60                     12

      7                 $57               9                             70                     13

      8                 $68              11                              80                    12

Therefore, profit from the 7th customer load is the highest. So, he want 7th customer load.

6 0
3 years ago
Nike decides to invest $60,000,000 into a shoe factory in Vietnam. What is the opportunity cost in this situation
Sergeu [11.5K]

Based on the payoff of the other investment alternatives, Nike's opportunity cost is<u> $600,000.</u>

<h3>What is Opportunity Cost?</h3>
  • It refers to benefits forgone when an alternative is picked instead of another alternative.
  • Is calculated as the payoff from the next best investment.

The next best investment was the $600,000 Nike was making per year on its money market account which makes this amount the opportunity cost of investing in Vietnam.

Find out more on opportunity cost at brainly.com/question/1549591.

3 0
2 years ago
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