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OverLord2011 [107]
3 years ago
8

Indiadesh is a country that produces two goods, textiles and computers. Last year, Indiadesh produced 500 textiles and 1300 comp

uters. This year it produced 450 textiles and 1100 computers. Given no further information, which of the following events could explain this change?
1.Indiadesh decreased unemployment.
2.Indiadesh experienced an improvement in textile-making technology.
3.Indiadesh experienced an improvement in computer-making technology.
4.Indiadesh experienced a reduction in resources
Business
1 answer:
FinnZ [79.3K]3 years ago
3 0

Answer:

The correct answer is option 4.

Explanation:

A country named Indiadesh produces two goods, textiles and computers.  

The country produced 500 textiles and 1,300 computers in the previous year.  

While in the current year, it produced only 450 textiles and 1100 computers.  The production of both goods has declined.  

This reduction can be because of a decrease in the availability of resources.  

A decrease in unemployment implies an increase in employment. This would have output to increase not decline.  

An improvement in the textile making technology would have caused textile production to increase.  

Similarly, an improvement in the computer making technology would have caused computer production to increase.

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Answer and Explanation:

The journal entries are given below:

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A purchaser paid $403.10 for a TV that cost the seller $290. If the seller's markup was 39% of the $290 cost, then what would be
CaHeK987 [17]

Percent markup based on the selling price: 28.1%

Explanation:

The cost of the TV for the seller was

c=\$290

Of this, the markup of this price was 39%. Therefore, the value of the markup (in dollars) with respect to the cost for the seller was

m=0.39\cdot 290 =\$113.1

So, this was the markup relative to the cost for the seller.

The price paid by the purchaser instead is

p=\$403.1

Therefore, the percent markup based on the selling price (paid by the purchaser) is:

\frac{m}{p}\cdot 100 = \frac{113.1}{403.1}\cdot 100 =0.281\cdot 100 = 28.1\%

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A.C. Tech Manufacturing Appliances manufactures three sizes of kitchen appliances: small, medium, and large. Product information
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Answer:

A.C. Tech Manufacturing Appliances

Product Models to produce first, if management incorporates a short-run profit-maximizing strategy:

                                                 Small      Medium     Large

Selling price                             $430       $610          $1,210

Variable cost                            $270       $280         $530

Contribution                            $160        $330         $680

Fixed Costs:

Fixed manufacturing                 $40         $170          $270

Fixed selling & admin                $70         $75            $140

Unit Profit                                   $50         $85            $270

Demand in units                         150         170              150

Total profit                               $7,500     $14,450      $40,500

Machine hours/unit                     60           60             150

Total machine hours required 9,000      10,200        22,500

Unit profit per machine hour   $0.83      $1.42         $1.80

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Explanation:

The large model offers better contribution per unit, better profit per unit and in total, and most importantly better profit per unit of hour (major constraint).

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