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3 years ago

(50 pts) Which of the following statements concerning price indexes is not accurate?

Business

2 answers:

Lilit [14]3 years ago

6 0

Answer:

Price indexes define the cost of goods in the entire economy at a given point in time.

Explanation:

Price indexes actually measure relative price changes, consisting of a series of numbers arranged so that a comparison between the two values for any two periods or places will show the average change in prices between periods or the average difference in prices between places.

Mademuasel [1]3 years ago

4 0

Price indexes define the cost of goods in the entire economy at a given point in time.

A price index is a scale used to measure changes in the levels of prices. This is a percentage scale that can be either based on prices of a single good or an entire market basket. This is only a small-scale index, not representative of an entire economy.

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Ma Barker Company has a job-order costing system and uses a predetermined overhead rate based on direct labor-hours to apply man

Sophie [7]

Answer:

Job 334 total cost: $ 8,400

Unit cost: 8,400 / 200 = $ 42

Explanation:

Total cost: Material + Labor + Overhead

Material: 5,000

Labor: 2,400

Overhead:

$\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate$

We distribute the expected cost over the expected base:

expected cost: 100,000

cost driver: 40,000 labor hours

cost per hour: 100,000 / 40,000 = 2.5 predetermined overhead

Now we multiply this rate by the hours of the job to know Applied Overhead:

job labor hours x overhead rate:

Job #334 had 2,400 labor cost / $6 rate per hour = 400 hours

400 x 2.5 = 1,000

Total cost: 5,000 + 2,400 + 1,000 = 8,400

7 0

3 years ago

Which one of the following statements is correct? Question 19 options: A longer payback period is preferred over a shorter payba

stich3 [128]

Answer:

The payback period ignores the time value of money.

Explanation:

This could primarily be classified to be amongst the major disadvantages of the payback period that it ignores the time value of money which is a very important business concept. In the other hand, the payback period disregards the time value of money. It is determined by counting the number of years it takes to recover the funds invested. Some analysts favor the payback method for its simplicity. Others like to use it as an additional point of reference in a capital budgeting decision framework.

The payback period does not account for what happens after payback, ignoring the overall profitability of an investment.

8 0

3 years ago

How much do child life specialists make a month :) just asking... for a friend

expeople1 [14]

Uhh like any other job it varies but uhh on average I’d say about $50,000 a year. But it ranges from 15,000 to 120,000. And the average hourly pay is like $16-$25 and hour.

Hope this helps!

7 0

2 years ago

Prior to adjustment at August 31, Salaries Expense has a debit balance of $272,650. Salaries owed but not paid as of the same da

zlopas [31]

Answer:

A. Dr Salary Expense $3,140

Cr Salary expense outstanding $3,140

B. Dr Income summary $275,790

Cr Salary expense $275,790

Explanation:

A. Preparation of the adjusting entry to record accrued salaries as of August 31

August 31

Dr Salary Expense $3,140

Cr Salary expense outstanding $3,140

(To record accrued salaries)

B. Preparation of the Closing entry on August 31

August 31

Dr Income summary $275,790

Cr Salary expense $275,790

($272,650+$3,140)

(To record Closing entry)

5 0

2 years ago

Assuming a 360-day year, proceeds of $48,750 were received from discounting a $50,000, 90-day note at a bank. The discount rate

PIT_PIT [208]

Answer:

the discount rate should be 10%

Explanation:

The computation of the discount rate should be given below:

The Amount of discount is is

= $50,000 - $48,750

= $ 1,250

The $1,250 should be for 90 days.

So for 360 days, it should be

= $1,250 × 4

= $5,000.

And, the discount rate is

= $5,000 ÷ 50,000 × 100

= 10%

Hence, the discount rate should be 10%

3 0

3 years ago