Answer:
The correct answer is A.
Explanation:
Giving the following information:
Logan Corporation has 30 employees, 10 in "A-line," and 20 in "B-line." Logan incurred $180,000 in fringe benefits costs last year.
First, we need to calculate the allocation rate based on number of employees:
Estimated allocation rate= total estimated fringe costs for the period/ total amount of allocation base
Estimated allocation rate= 180,000/30= $6,000 per employee.
Now, we can allocate fringe costs to the A-line:
Allocated fringe costs= Estimated Estimated allocation rate* Actual amount of allocation base
Allocated fringe costs= 6,000*10= $60,000
Answer:
The GDP in year five, stated in terms of year-one dollars, is approximately $12 trillion.
Explanation:
This can be calculate using the following formula:
Real GDP in year five = Nominal GDP in year five / (GDP price deflator in year five / GDP price deflator in year-one) ................... (1)
Where;
Real GDP in year five = Amount of GDP in year five, stated in terms of year-one dollars = ?
Nominal GDP in year five = $15 trillion
GDP price deflator in year five = 125
GDP price deflator in year-one = 100
Substituting the into equation (1), we have:
Real GDP in year five = $15 / (125 / 100) = $15 / 1.25 = $12 trillion
Therefore, the GDP in year five, stated in terms of year-one dollars, is approximately $12 trillion.
Answer:
-2.47
Explanation:
Given that,
Initial quantity demanded = 1,000 units
Initial price = $32
New quantity demanded = 800
New price = $35
Here, we are using mid point method,
Average price:
= (Initial price + New price) ÷ 2
= ($32 + $35) ÷ 2
= $33.5
Average quantity demanded:
= (Initial quantity demanded + New quantity demanded) ÷ 2
= (1,000 + 800) ÷ 2
= 900
Change in price:
= (New price - Initial price) ÷ Average price
= ($35 - $32) ÷ $33.5
= 0.08955
Change in quantity demanded:
= (New quantity demanded - Initial quantity demanded) ÷ Average quantity demanded
= (800 - 1,000) ÷ 900
= -0.2222
Therefore, the price elasticity of demand is as follows:
= Change in quantity demanded ÷ Change in price
= 0.2222 ÷ 0.0896
= -2.47