1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Harlamova29_29 [7]
3 years ago
9

"Which of the following is correct?

Business
1 answer:
ICE Princess25 [194]3 years ago
5 0

Answer: Option (B) is correct.

Explanation:

The nominal GDP is equal to the real GDP in the base year, that's why GDP deflator in the base year is equal to 100.

GDP deflator is calculated as the nominal GDP divided by the real GDP multiply by 100. It is shown as:

GDP deflator = \frac{Nominal\ GDP}{Real\ GDP} \times 100

GDP deflator would be used as the conversion factor that transformed the real GDP into nominal GDP.

You might be interested in
Robusta Coffee Importers sold 6 comma 000 units in October at a sales price of $ 35 per unit. The variable cost is $ 15 per unit
yanalaym [24]

Answer:

Operating Income= $110,000

Explanation:

Giving the following information:

Robusta Coffee Importers sold 6,000 units in October at a sales price of $35 per unit. The variable cost is $ 15 per unit. The monthly fixed costs are $10,000.

The operating income is the difference between the contribution margin and the fixed costs:

Contribution margin= selling price - unitary variable cost

Operating income= Total contribution margin - fixed costs

OI= 6,000*(35 - 15) - 10,000= $110,000

7 0
3 years ago
On September 1, 2021, Custom Shirts Inc. "entered into a lease agreement appropriately classified as an operating lease". The le
Savatey [412]

Answer: Please refer to the explanation section

Explanation:

The question is not clear in terms of when is the financial year end, we only its 2021. We will assume the financial year started in January 2021 and ended December 2021

Operational Lease is an agreement where the lessor (owner of the asset)  allows the lessee (user of the asset) to only use the asset without the transfer of ownership. Ownership of the asset is not transferred to the lessee/ user of the asset. lease Payments/ Rental payments are considered as expenses and are recognize in the income statement.

Custom Shirts Inc entered into a Lease agreement on the 1st of September 2021. assuming the financial year ends on December 2021, the expense Recognized in the Income statement for the year ended December 2021 will

$ 24000 x 4 months/12 months =$ 8000

8 0
3 years ago
Magic Realm, Inc., has developed a new fantasy board game. The company sold 35,600 games last year at a selling price of $62 per
Natasha_Volkova [10]

Answer:

1a.

                              Magic Realm, Inc.,

                         Contribution format income statement

                                   Per Unit                    Amount

Sales                               62                         2,207,200

Variable expenses         42                         (1,495,200)

Contribution margin       20                         712,000

Fixed expenses                                            (623,000)

Net operating profit                                      89,000

1b.

Degree of operating leverage: 4

2. The expected percentage increase in net operating income for next year: 184%  

Explanation:

1a. Please refer to the answer part

1b. Degree of operating leverage = Contribution margin / net operating profit = 712,000/89,000 = 8.

2.

Expected percentage increase in net operating income for next year = Expected percentage increase in sales next year x operating leverage = 23% x 8 = 184%

3 0
3 years ago
Your division is considering two investment projects, each of which requires an up-front expenditure of $25 million. You estimat
Veseljchak [2.6K]

The answer is attached in form of text file below giving solution to each of the question parts in detail.

Download docx
7 0
3 years ago
Read 2 more answers
Madison has graduated with her B.A in performing arts; she is still living with her parents.Madison's long-term goal is to becom
lyudmila [28]

Answer:

a. Opportunity #1

Explanation:

Opportunity #1 is best suited to Madison according to her preference. She has goal to become an actor in the long term. In the opportunity #1 she can take roles at community theater. This will enhance her skills and add up to her experience. She can learn from her experience at the theater and broaden her acting experience. She can also network with the peers in the theater and she can learn from them also.

5 0
3 years ago
Other questions:
  • "Which of the following is correct?
    9·1 answer
  • How does the government affect the idea of social responsibility in a planned economy?
    7·1 answer
  • Skysong, Inc. has the following inventory data: July 1 Beginning inventory 33 units at $16 $528 7 Purchases 115 units at $17 195
    9·2 answers
  • C&A sells T-shirts for $20 that cost $5 to produce. The annual holding cost percentage is 10% and the T-shirts turn 25 times
    15·1 answer
  • Knowledge Check 04 On December 29, 2015, Patel Products, Inc., sells a delivery van that cost $20,000. The equipment had accumul
    8·1 answer
  • Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers? Select two answe
    7·2 answers
  • Has your idea of yourself five years from now changed in any way since beginning this course? If so, describe the reasons. If no
    10·1 answer
  • Proprietary and fiduciary funds follow account and reporting principles similar to those of ______ organizations.
    7·1 answer
  • price discrimination will occur when a firm can segment its existing and potential customers into different groups based on:
    9·1 answer
  • Assessing how customers in the target market evaluate price is the _______ stage in the pricing process.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!