Answer:
$7,247.05
Explanation:
The computation of the inventory level is shown below:
But before that first we have to find out the fixed cost per unit which is
= Total fixed manufacturing overhead ÷ production units
= $59,160 ÷ 11,600 units
= $5.1 per unit
Now the inventory level is by taking the difference of net operating income between two methods
= ($127,960 - $91,000) ÷ ($5.1 per unit)
= $7,247.05
Therefore, the inventory is increased by $7,247.05
Tesla's high stock market valuation is partly justified by the company's learning curve- True
A learning curve is a mathematical notion that illustrates visually how a process improves with practice and learning over time. According to the learning curve idea, tasks will demand less time and resources as they are carried out more frequently due to the proficiency that is acquired when the procedure is learnt. The learning curve, which is used to gauge output effectiveness and project costs, was initially introduced by psychologist Hermann Ebbinghaus in 1885.
The rate of improvement is often indicated as a percentage when describing a learning curve. A steeper slope in the learning curve's visual representation denotes initial learning that results in bigger cost savings, and subsequent learning that leads to slower, more challenging cost savings.
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Answer:
= $ 28,000.00
Explanation:
Warranty expenses are accounted for in the period in which they are incurred. This is in accordance with the accounting reporting standards.
For Blazer company: Year 1 sales 2800 units
Warranty per unit: $ 10 per unit
expected warranty cost: = 2800x $10
= $ 28,000.00
Answer:
Increase
Explanation:
When there is a boom there is an increase in several key indicators in an economy. Gross domestic product will rise and so also will productivity. This would give rise also to profit as there would be increases in business sale. Then business income will go higher as well as family income. A boom is the result of an increase in consumer spending. The return on investment rises thereby causing an increase in demand for dollars.
Answer:
1. Under what condition(s) can an economy make a relatively quick and easy transition to full-employment level of output?
Classical economics are great theoretically, but actual evidence from real life is always against them. The problem with wages and unemployment is that wages are sticky, no one likes a wage cut and employees will always fight against them. That results in drastic changes in the level of unemployment, since it is easier to fire employees than lower their salaries.
When a demand shock occurs, and the aggregate demand curve shifts to the right, the aggregate supply curve will also shift. At this point, suppliers will need to hire more employees and fast since they cannot keep up with the demand. The problem is that in real life, demand shocks are sudden only in theory, no one will wake up tomorrow having twice the money and willing to spend it all immediately.
Classical economics work on the long run, but the problem is that the long run is not a definite point in time. We might actually never live to see the long run occur.
2. What condition(s) would keep an economy from moving back to full employment quickly and easily?
Shifts in the aggregate demand curve never occur from one day to another, they are gradual and take time. In real life, unless you suddenly win the lottery, the amount of goods that you purchase is generally stable. It will increase or decrease over time but not abruptly. Since sudden demand shocks do not occur in real life, neither do sudden shifts in the employment level. That is why the government issues monthly unemployment data, and you analyze the trends over several months or even years.