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3 years ago

Which phrase describes the substitution effect?

2 answers:

8 0

I think it is
<span>D.)substituting existing technology with a new technology to produce more goods
I hope this helps </span>

mezya [45]3 years ago

4 0

A. Buying cheaper alternatives when a product becomes expensive.

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In 2009, the imaginary nation of Viloxia had a population of 5,000 and real GDP of 500,000. In 2010 it had a population of 5,100

Rashid [163]

The correct answer is A. During 2009 real GDP in Viloxia grew by 2 percent, which is about the same as average U.S. growth over the last one-hundred years.

Given that in 2009, the imaginary nation of Viloxia had a population of 5,000 and real GDP of 500,000, and in 2010 it had a population of 5,100 and real GDP of 520,200, to determine the growth of real GDP in Viloxia during 2009, the the following calculations must be made:

Total GDP / population = real GDP
500,000 / 5000 = X
100 = X
520,200 / 5100 = X
102 = X
102 - 100 = 2

Therefore, during 2009 Viloxia's GDP grew by 2 percent, which is about the same as average U.S. growth over the last one-hundred years.

Learn more in brainly.com/question/4131508

6 0

3 years ago

ackson Inc. listed the following data for 2019: Budgeted factory overhead $1,530,000 Budgeted direct labor hours 90,000 Budgeted

Anastaziya [24]

Answer: $36 per machine hour

Explanation:

Assuming Jackson Inc. applied overhead based on machine hours, the firm's predetermined overhead rate for 2019 would be calculated by dividing the budgeted factory overhead by the budgeted machine hours. This will be:

= $1,530,000 / 42,500

= $36 per machine hour

5 0

3 years ago

Which inventory method generally results in costs allocated to ending inventory that will approximate their current costs?

emmasim [6.3K]

Which inventory method generally results in costs allocated to ending inventory that will approximate their current costs? FIFO. The FIFO inventory method stands for first-in, first-out. This method allows businesses to keep track of their inventory on an old inventory out before the new inventory basis. The first out inventory is recorded as the first items sold even if they aren't exactly the oldest item.

4 0

3 years ago

Differential Analysis for a Lease or Sell Decision Granite Construction Company is considering selling excess machinery with a b

jeka57 [31]

Answer and Explanation:

The preparation of the differential analysis is presented below:

<u>Particulars Lease Machinery Sell Machinery Differential Effect on Income </u>

Revenues $284,900 $275,700 $9,200

Costs $24,600 $13,785 $10,815

Income (Loss) $260,300 $261,915 -$1,615

It is better to sell the machinery as it has a loss of $1,615

8 0

3 years ago

g Use the following abbreviations to answer this question: O Operating activities item I Investing activities item F Financing a

Furkat [3]

Answer and Explanation:

The cash flow statement includes three types of activities which are listed below:

1. Operating activities: It includes those transactions that after net income affect the working capital. It would subtract the increase in current assets and a decrease in current liabilities, while adding the reduction in current assets and a rise in current liabilities.

It would adjust those changes in working capital. In addition, the depreciation costs are added to the net income and the loss on the sale of assets is added, while the benefit on the sale of assets is subtracted

2. Investing activities: it tracks activities that involve purchasing and selling long-term properties. The purchase is a cash outflow while the sale is a cash inflow

3. Financing activities: it records activities that have an impact on long-term liability and equity balance of shareholders. Share issue is a cash inflow whereas redemption and dividend are cash outflows.

Based on this the classification are as follows

a. Payment of employee wages = Operating activities O = Outflow of cash deducted from the net income

b. Cash collected from customers for sales = Operating activities O = Inflow of cash added from the net income

c. Payment of dividends = Financing activities F = Outflow of cash represents in a negative sign

d. Purchase of land for an office building = Investing activities I = Outflow of cash represents in a negative sign

e. Repayment of debt owed to a financial institution = Financing activities F = Outflow of cash represents in a negative sign

f. Purchase of shares of another company = Financing activities F

g. Cash received as rent payment from a tenant in a building owned by the company = Operating activities O = Inflow of cash added from the net income

h. Issuance of shares = Financing activities F = Inflow of cash represents in a positive sign

7 0

3 years ago