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2 years ago

Suppose workers notice a fall in their nominal wage but are slow to notice that the price 0fthings (actual

Business

1 answer:

trapecia [35]2 years ago

4 0

Answer:

Temporarily low and so supply a smaller quantity of labor.

Explanation:

Because workers see that their nominal wages are falling, but they fail to see that the price level of goods and services also has fallen by the same percentage (meaning that their real wage has not fallen, but stayed the same), they will likely believe that the reward for their labor is less, so they will have less incentive to work, supplying a smaller quantity of their labor force in the process.

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Jones Company incurred the following costs while producing 100 chairs: Units produced 100 chairs Direct materials $10 per unit D

Vikentia [17]

Answer:

The answer is: The ending balance in Finished Goods Inventory is $1,200

Explanation:

First we have to calculate the cost per chair produced, to do this we will find the total cost and divide by the number of chairs produced:

Units produced 100 chairs

Direct materials $10 per unit x 100 = $1,000
Direct labor 15 per unit x 100 = $1,500
Variable manufacturing overhead 3 per unit x 100 = $300
Total fixed manufacturing overhead $2,000

Total costs are $4,800 / 100 chairs = $48 per chair produced

There are 25 chairs left in finished goods inventory (FGI) = 100 - 75 = 25

The ending balance in FGI is = 25 chairs x $48 per chair = $1,200

3 0

3 years ago

Stephanie works 40 hours a week at a wage rate of $25. This, her total weekly income is $1000. On this income, she pays tot

telo118 [61]

Stephanie's marginal tax rate is 15%.

<u>Explanation:</u>

The Average tax rate is 8%

she pays $3.75 as the tax on $25 which makes tax rate at this point =3.75/25

= 15%

The Marginal tax rate is the percentage of income that has to be paid as tax as a result of a change in the income bracket.

For instance, if tax rate until $1-$1000 is 10%

and for $1000 and above is 20%.

So for every $ earned over and above $1000.The marginal tax rate for that sum is 20%.

3 0

3 years ago

The tax incidence (A) is the manner in which the burden of a tax is shared among participants in a market. (B) can be shifted to

8090 [49]

Answer:

(A) is the manner in which the burden of a tax is shared among participants in a market

Explanation:

Tax incidence refers to the burden of a tax between buyers or sellers or other stakeholders.

When price elasticity of supply is greater than price elasticity of demand, i.e a change in price causes supply to change more than demand, the tax incidence is said to be more burdensome for the buyers and vice versa.

It represents the distribution of tax burden to various sections of a society such as producers, consumers, etc.

For example, if taxes and duties are raised on alcohol or cigarettes, the producers shall transfer such burden on the consumers by covering their margin and raising prices. Thus, in such a case, the tax incidence would be borne by the consumers.

4 0

2 years ago

A registered person wants to set up an investment program for a charity and will not be receiving compensation for his service.

Jlenok [28]

Answer:

B) He is required to provide written notice to his broker-dealer.

Explanation:

Under self-regulatory organization (SRO) rules, if a registered person engages transaction involving private securities, he/she must provide a written notice to his firm. Even if their is no compensation involved, the firm still has the right to impose certain conditions regarding the participation of the registered person.

4 0

3 years ago

Home Products, Inc., is planning the introduction of a new food dryer. To compete effectively, the dryer would have to be priced

lys-0071 [83]

Answer:

The Target cost per dryer will be $35 per dryer

Explanation:

First, we need to calculate the required return

Required return = Investment x Required rate of return

Where

Investment = $600,000

Required rate of return = 25%

Placing values in the formula

Required return = $600,000 x 25% = $150,000

Now calculate the return per dryer

Return per dryer = Required return / Expected sale = $150,000 / 30,000 = $5 per dryer

Now use following formula to calculate the target cost per dryer

Return Per dryer = Selling price per dryer - Target cost per dryer

$5 per dryer = $40 per dryer - Target cost per dryer

Target cost per dryer = $40 per dryer - $5 per dryer

Target cost per dryer = $35 per dryer

8 0

3 years ago