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3 years ago

8

Warner manufacturing reported sales of $2,000,000 last year (100,000 units at $20 each), when the break-even point was 80,000 un

its. warner's margin of safety ratio is
a. 20%.

b. 25%.

c. 80%.

d. 120%.

1 answer:

Vikki [24]3 years ago

7 0

The correct answer for sure is B hope it helps

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In a simple economy (assume there are no taxes, thus Y is disposable income), the consumption function is Upper C equals 1000

Oduvanchick [21]

Answer:

Autonomous consumption is <u>$1,000</u> and the marginal propensity to consume is <u>0.9</u>.

A consumer whose income increases by $100 will increase consumption by <u>$90</u>.

Explanation:

Given C = 1000 + 0.9Y

Autonomous consumption refers to consumption expenditure of consumers that does not depend on income. Therefore, autonomous consumption is therefore the consumption expenditure made by the consumers when they do not have income or when income is zero (i.e. when Y = 0).

Substituting for Y = 0 into the consumption function, we can obtain autonomous consumption is follows:

Autonomous consumption = 1000 + (0.9 * 0) = 1,000

The marginal propensity to consume refers to the proportion of the increase in disposable income that is spent on the consumption of goods and services by a consumer. From the consumption function, the marginal propensity to consume is 0.9.

Since marginal propensity to consume is 0.9, a consumer whose income increases by $100 will therefore increase consumption by $90 (i.e. $100 * 0.9 = $90).

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3 years ago

"Convergence occurs as ________ is sought, such as for the EC countries, and as competitive pressures in free-trade zones, such

elena-14-01-66 [18.8K]

Answer:

The correct answer is letter "B": harmonization.

Explanation:

In economics, convergence refers to the fact that poor countries' income per capita increases at a faster pace than in rich countries. At a certain point in time, every country's income per capita should converge at the same point.

Several actions could be carried out to fasten that process such as standardizing labor conditions across the European Community (EC) or free-trade blocks such as the North American Free-Trade Agreement (NAFTA). <em>Once labor conditions have been subject to </em><u><em>harmonization</em></u><em> regardless of the region in the world, convergence will be a more attainable objective.</em>

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4 years ago

The _____is a personality assessment model that taps basic dimensions encompassing most of the significant variation in human pe

Vitek1552 [10]

Answer:

Big Five model

Explanation:

The Big Five model also known as the Five Factor Model (FFM) or Ocean or Canoe model is a way of grouping human behavior/traits. This behavior or traits are subject to relationship between words.

The Ocean or Canoe (OCEAN/CANOE) abbreviation is a combination of the first letters of the words of the the five(big five) traits.

Openness to experience, Conscientiousness, Extroversion, Agreeableness, emotional stability(Neuroticism). It can also be rearranged to form CANOE as well.

This five traits are also affected by the upbringing or family cultures as well. Anyone described with any of the above word is most likely to have attributes that exemplify the meaning of the words.

I hope this helps.

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4 years ago

Some of the ledger accounts for the Sanderson Hardware Company are listed below. For each of the October 2021 transactions numbe

77julia77 [94]

Answer:

1. Paid a cash dividend.

Account Debited: Retained earnings

Account Credited: Cash

2. Paid rent for the next three months.

Account Debited: Prepaid rent

Account Credited: Cash

3. Sold goods to customers on account.

Account Debited: Account receivables

Account Credited: Sales revenue

4. Purchased inventory on account.

Account Debited: Inventory

Account Credited: Accounts payable

5. Purchased supplies for cash.

Account Debited: Supplies

Account Credited: Cash

6. Paid employees wages for September.

Account Debited: Wages payable

Account Credited: Cash

7. Issued common stock in exchange for cash.

Account Debited: Cash

Account Credited: Common stock

8. Collected cash from customers for goods sold in 3.

Account Debited: Cash

Account Credited: Account receivables

9. Borrowed cash from a bank and signed a note.

Account Debited: Cash

Account Credited: Notes payables

10. At the end of October, recorded the amount of supplies that had been used during the month.

Account Debited: Supplies expenses

Account Credited: Supplies

11. Received cash for advance payment from customer.

Account Debited: Cash

Account Credited: Unearned revenue

12. Accrued employee wages for October.

Account Debited: Wages expenses

Account Credited: Wages payable

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3 years ago

What term describes funds that are provided to start a new business??

Orlov [11]

The correct answer would be Seed Money

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3 years ago