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Verizon [17]
3 years ago
7

Which of the following is a style trend?

Business
1 answer:
maks197457 [2]3 years ago
8 0
Answer:
B

Explanation:
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Suppose that in 1994 the total output in a single-good economy was 10,000 buckets of chicken. Also suppose that in 1994 each buc
maxonik [38]

Answer:

a. The GDP price index for 1994, using 2015 as the base year is 62.5.

b. Percentage rise the price level between 1994 and 2015 is 60.0%.

c. We have:

Real GDP in 1994 = $160,000

Real GDP in 2015 = $352,000

Explanation:

Note: The requirements of this question is not complete. The complete requirements of the question are presented before answering the question as follows:

a. What is the GDP price index for 1994, using 2015 as the base year

b. By what percentage did the price level, as measured by this index, rise between 1994 and 2015?

c. What were the amounts of real GDP in 1994 and 2015?

Explanation of the answers is now given as follows:

a. What is the GDP price index for 1994, using 2015 as the base year

GDP price index for 1994 = (Price of a bucket of chicken in 1994 / Price of a bucket of chicken in 2015) * 100 = ($10 / $16) * 100 = 62.5

b. By what percentage did the price level, as measured by this index, rise between 1994 and 2015?

Percentage rise the price level between 1994 and 2015 = ((100 - GDP price index for 1994, using 2015 as the base year) / GDP price index for 1994, using 2015 as the base year) * 100 = ((100 - 62.5) / 62.5) * 100 = 60.0%

c. What were the amounts of real GDP in 1994 and 2015?

Since 2015 is being used as the base year, we have:

Real GDP in 1994 = Number of buckets of chicken produced in 1984 * Price per bucket of chicken in 2015 = 10,000 * $16 = $160,000

Real GDP in 2015 = Number of buckets of chicken produced in 2015 * Price per bucket of chicken in 2015 = 22,000 * $16 = $352,000

4 0
3 years ago
Accounting for manufacturing overhead. Creative Woodworking uses normal costing and allocates manufacturing overhead to jobs bas
VikaD [51]

Answer:

a) Budgeted manufacturing overhead rate =  budgeted overhead cost / budgeted labor hours

                                                                       = $ 4,140,000/ 180,000 hrs

                                                                       = $23 per hour.

b. JOURNAL ENTRY

Debit Work in process $4,347,000 Credit Manufacturing overhead $4,347,000

c. under or over applied = Actual overheads - applied

                                        = $4,337,000 - $4,347,000

              Over applied   = 10,000

yes the amount of over applied overheads is significant and material enough and it should be written off against cost of sales.

JOURNAL ENTRY

Debit Manufacturing overheads $10,000 , Credit Cost of sales $10,000

Explanation:

allocated manufacturing overheard = $23 * 189000 hrs = $4,347,000

4 0
3 years ago
If a household's income rises from $46,000 to $48,000 and its consumption spending rises from $38,00 to $39,500 then the MPC is
bulgar [2K]

Answer:

0.5

Explanation:

marginal propensity to consume Can be regarded as the increase in pay that is been consumer experience on the purchasing of products which is just a part at aggregate. Instead of consumer to save

We are told that income rises from $46,000 to $48,000.

The difference= $48,000-$46,000= $2000

✓consumption spending rises from $38,00 to $39,500

The difference= $39,500-$38,00= $1000

Then the marginal propensity to consume can calculated as ratio of the difference in consumption spending to income rise

=1000/2000=0.5

Therefore, the MPC is 0.5

7 0
3 years ago
Your friend chooses the Graduated Repayment Plan. What assumption is he making about his future income?
Genrish500 [490]
Xhdhfjdisjsvshedndndnehegevr f f
3 0
3 years ago
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you are a manager of a large business enterprise. explain how you would address issues of equality respect and dignity in your b
irina [24]
<span>As a manager of a large business enterprise, I will address the issue of equality, respect and dignity in my business by employing the following tactics: [1] I will dutifully informed everyone in the company about the respect for co-worker policy of the company and the penalties for the offenders. [2] I will take the pain to always listen to the compliant any one has about a colleague and find ways of resolving the issue. All complain will be investigated with equal diligence. [3] I will regularly organize training seminars that aim at improving the mutual understanding among workers. [4] I will adopt a zero tolerance policy concerning workers who disrespect their colleagues. These techniques will help to enforce respect, dignity and equality among my workers.</span>
3 0
3 years ago
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