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3 years ago

Which indicators do economists use to determine the state of the economy?

Business

1 answer:

Alchen [17]3 years ago

3 0

Answer:

The three most important economic indicators are gross domestic product (including GDP per capita, consumer spending, investment, etc.), employment indicators (total employment and unemployment rate) and inflation rate.

There are other economic indicators that are also frequently used like poverty level, life expectancy, foreign trade balance, central bank minutes, etc.

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The Marshall Company has a process costing system. All materials are added when the process is first begun. At the beginning of

Oliga [24]

Answer:

The equivalent units of of materials in September = 62,400 units

Explanation:

Equivalent units are useful to apportion cost between work in progress and completed units. They are notional whole units which represent incomplete work

Equivalent Units = Degree of work completed (%) × inventory units

Items units workings Equivalent units

Completed unit 58,500 58,500× 100% = 58,500

Closing WIP 6,500 6,500 × 3/5 = 3,900

Total equivalent units of materials 62,400.

The equivalent units of of materials in September = 62,400 units

5 0

3 years ago

Alfredo manufactures high-quality tennis shoes for specific sports. He has a large storage facility at the manufacturing plant b

AleksandrR [38]

Answer:

d. Change to a just-in-time inventory system and make the shoes as they are ordered rather than making and storing many shoes and hoping to sell them.

Explanation:

In the Just-in-time inventory management system, materials purchased go straight to the production line. The business keeps minimum or nil raw material in its stores. Demand for goods guides the production process.

Should Alfredo manufactures adopt a Just in time production style, its inventory budgetary requirement will significantly reduce. Alfredo will be ordering for material need for production at that moment. The company will be manufacturing shoes that customers are ready to buy. Its cost of finished inventory will also decrease.

For Just-in-time system to work well at Alfredo, managers must learn how to predict demand accurately and employ an excellent order management system

6 0

3 years ago

5. In a command economy, poor planning is likely to lead to (1 point)

aleksandr82 [10.1K]

5.)d.products shortages and waste

6.)b.other countries quickly bought the low-priced products

6 0

3 years ago

On January 1, the company purchased equipment that cost $10,000. The equipment is expected to be worth about (or has a salvage v

svetoff [14.1K]

Answer:

See below

Explanation:

10000-1000=9000 to be depreciated

9000/5=1800 annual depreciation

journal entry:

depreciation expense. 1800 (debit)

Accumulated depreciation. 1800 (credit)

to record annual depreciation

5 0

2 years ago

"You save $3,260.00 in a savings account earning a 3.55% APR compounded monthly. How much is the total interest earned by the en

sammy [17]

Answer:

$ 29.018 ( approx )

Explanation:

The amount formula in compound interest,

$A=P(1+r)^t$

Where,

P = principal amount,

r = rate per period,

t = number of periods,

Here, P = $ 3260.00,

Since, the amount is compounded monthly,

So, the number of periods in 3 months, t = 3,

Also, annual rate = 3.55 % = 0.0355,

So, the rate per month, r = $\frac{0.0355}{12}$ (∵ 1 year = 12 months)

Thus, the amount after 3 months,

$A=3260(1+\frac{0.0355}{12})^3=3289.01817638\approx 3289.018$

Hence, the total interest earned,

I = A - P =3289.018 - 3260 = $ 29.018

3 0

3 years ago