Answer:
$740
Explanation:
The computation of phantom profit is shown below:-
According to FIFO,
Closing Stock = (390 × $12) + ( 40 × $11)
= $4,680 + $440
= $5120
According to LIFO
Closing Stock = (350 × $10) + (80 × $11)
= $3,500 + $880
= $4,380
Amount of Phantom Profit
= $5120 - $4,380
= $740
Therefore for computing the phantom profit we simply deduct LIFO from FIFO.
Answer:
Scientific/technical evidence
Explanation:
When an advertiser cites technical information, such as the results of laboratory studies, in an advertisement, a scientific/technical evidence style of execution is being used. This information is much important for the customers for certain products and services. For example, Toothpaste making companies use to highlight that their toothpaste has been approved by certain dental associations and some highly useful and recommended chemicals also present in their toothpaste which are very useful for the protection of teeth and gums. Likewise, when shampoo making brands highlight use of certain chemicals in their ads etc.
Answer:
The answer is "1.93 years".
Explanation:
that's why the Macaula duration is 1.93 years.
Your textbook notes a new form of policy experiment that would provide everyone with a guaranteed income called "Universal Basic Income."
<h3>What is Universal Basic Income?</h3>
A proposed government guarantee of a monthly payment to every citizen is known as universal basic income. Its goal is to guarantee that everyone has the resources to buy needs and raise their standard of living.
Some key features of universal basic income are-
- The fundamental concept under an universal basic income is to allocate tax revenue to fund programs that pay everyone who lives under that government's control.
- To fund this scheme, a state or the federal government could divert a set amount of tax revenue, which would then be distributed to the locals.
- For instance, the payment system linked to a nation's economic output is suggested by economist Kalle Moene & Debraj Ray.
- According to their estimates, between 10 and 12 percent of the gross domestic product may be allocated to universal income transfers.
- Payments would fluctuate according on the level of income and inflation in the nation under this arrangement.
To know more about Universal Basic Income, here
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Answer:
C. This variable is categorical
Explanation:
A categorical or discrete variable is one that has two or more categories (values). There are two types of categorical variable, nominal and ordinal.
A nominal variable has no intrinsic ordering to its categories. For example, gender is a categorical variable having two categories (male and female) with no intrinsic ordering to the categories.
An ordinal variable has a clear ordering. For example, temperature as a variable with three orderly categories (low, medium and high).
Hence, the variables used in this scenario is an ordinal variable because it has a clear ordering.
