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4 years ago

Money's power to buy goods and services changes ________.

Business

1 answer:

vampirchik [111]4 years ago

3 0

Answer:

...with rates of inflation.

Explanation:

The more that a particular currency appears in the market without any work (value) being associated with that currency, the smaller the value of that particular form of currency (For example, the U.S. dollar). When inflation is high, banks will increase interest rates on loans in order to get rid of some of the of the surplus currency in the market, bringing down inflation and increasing the total value of a particular form of currency.

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1. Discuss how core factors, cues to quality, and interpersonal factors of a product influence your buying decisions. Discuss wi

Umnica [9.8K]

Explanation:

Interpersonal product feature play a role in determining one's buying decision. For example, an individual who is open to new experiences may be more likely to try a new technology.

Another example is that of an individual who has a negative view of how he or she looks or dresses, he or she may tend to seek and buy products that could enhance how they feel about themselves.

As regards the quality of a product, it is usually based on the purchase plan period. For example, an individual who notices he needs an item urgently may be less likely to include quality in his buying decision, especially when it's a life-saving item for an emergency. But someone who has the time and has been planning to buy an item for months, will more likely examine quality before he makes a buying decision.

5 0

3 years ago

Amos Rubber company manufactures tires. They reported the following information from their operations last period: Cost of Direc

Hunter-Best [27]

Answer:

The per-unit cost under absorption costing is greater than the variable per-unit cost by $1.50.

Explanation:

Units costs under variable costing include only the variable manufacturing costs.

Manufacturing Costs - Variable Costing

Direct Materials used in production: $35,000

Cost of Direct Labor wages: $40,000

Variable Manufacturing Overhead: $30,000

Total Costs $105,000

Unit Cost = $105,000/ 50,000

= $2.10

Units costs under absorption costing include both the variable manufacturing costs and fixed manufacturing costs.

Manufacturing Costs - Absorption Costing

Direct Materials used in production: $35,000

Cost of Direct Labor wages: $40,000

Variable Manufacturing Overhead: $30,000

Fixed Manufacturing Overhead: $75,000

Total Costs $180,000

Unit Cost = $180,000/ 50,000

= $3.60

Difference :

Unit Cost - Absorption Costing $3.60

Less Unit Cost - Variable Costing $2.10

Difference $1.50

Conclusion :

The per-unit cost under absorption costing is greater than the variable per-unit cost by $1.50.

5 0

4 years ago

Which is not a type of economy?

astraxan [27]

Answer:

agrarian economy

Explanation:

Agrarian economy is not a type of economy as there is no one single country were all its GDP is produced just by agricultural trade, the most relevant concept is agrarian society, and in this the society is highly dependable on agricultural products in order to derive income.

3 0

4 years ago

Based on the following information, calculate the cost of goods sold and ending inventory using FIFO, LIFO, and weighted average

Flauer [41]

Answer:

Cost of Sales :

FIFO = $ 6,030

LIFO = $6,840

Weighted Average = $6,354.60

Ending Inventory :

FIFO = $4,176

LIFO = $3,150

Weighted Average = $3,636.60

Explanation:

FIFO

This method assumes that the first inventory purchased will be the first to be sold

Cost of Goods Sold :

90 units × $11 = $990

150 units × $15 = $2,250

30 units × $18 = $540

Total = $ 6,030

Ending Inventory :

232 units × $18 = $4,176

LIFO

This method assumes that the last inventory purchased, will be the last to be sold

Cost of Sales :

240 units × $15 = $3,600

180 units × $18 = $3,240

Total = $6,840

Ending Inventory :

90 units × $11 = $ 990

60 units × $15 = $ 900

70 units × $18 = $ 1,260

Total = $3,150

Weighted Average

A new average cost per unit is calculated with every purchase made.

New Average Cost = (90 units × $11 + 300 units × $15) ÷ 390 units

= $14.08

Cost of Sale , April 4 = 240 units × $14.08

= $3,379.20

New Average Cost = (150 units × $14.08 + 250 units × $18.00) ÷ 400 units

= $16.53

Cost of Sale, Aug 16 = 180 units × $16.53

= $2,975.40

Total Cost of Sales = $3,379.20 + $2,975.40

= $6,354.60

Ending Inventory = 220 units × $16.53

= $3,636.60

8 0

3 years ago

Chance Co., the parent of a US-based MNC, uses fundamental forecasting to estimate future values of exchange rates. Suppose that

Ghella [55]

Answer:

d. An increase in the value of the pound by 0.6 percent

Explanation:

Given :

Regression equation : $e_{bp}=b_0+b_1Inf_t+\mu_t$

Change company estimates that $b_0$ to be 0.0 and the value of $b_1$ to be 0.6.

Now, ebp = 0.6 x inf + μt ----------------- $b_1=0.6$

When Inf = 1 (assume that the error term is 0)

ebp = 0.6 x 1 = 0.6

That is it is an increase in the value of pound by 0.6% with the one unit increase in the $Inf_t$ .

Therefore, option (d) is correct.

6 0

3 years ago