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3 years ago

What are the different types of economic measurements used to analyze most economies

Business

1 answer:

Nata [24]3 years ago

7 0

Answer:

The levels of poverty.

Exchange rate.

The productivity of laborers.

National debt/The total borrowings of the government.

Inequality in Income.

Real Disposable Income

The Misery Index.

Explanation:

The above are some of the distinct types of economic measurement methods that are employed to analyze the economic growth of a nation. The higher poverty level affects the economic growth negatively. Similarly, the exchange rate, the labor productivity, the amount of national debt, income inequality, etc. are the key factors that displays the economic health of a country. It helps show how well a nation has performed in a specific duration and where they are lagging behind in comparison to other nations.

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Death of a salesman could fairly be called a modern tragedy because:

son4ous [18]

Death of a Salesman by Arthur Miller can be considered a modern tragedy because it gives example of the tragic consequences that are a result of the protagonist dedicating his life to the ideal of the american dream. his attachment to superficial aspects of success doom him to a tragic failure and disillusionment.

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4 years ago

When a nation is under-allocating resources to the production of a good, then the:_________.

Amanda [17]

Answer:

c. marginal benefit is less than the marginal cost of the good.

Explanation:

Allocation of resources is important in every nation or society because, human wants are unlimited whereas the resources meant to satisfy these wants are in short supply. Therefore, only the most important needs are satisfied before the less important needs. Marginal benefit is the maximum sum of money that consumers are willing to pay for an additional good or service. Marginal cost is the difference in cost when a new or additional unit of goods is produced.

Nations would allocate less to the production of a good when the maximum price consumers are willing to pay for an added unit of that good becomes less than changes in cost when a unit of that good is produced. Marginal benefit reduces when consumption of the good has increased to a reasonable extent. The consumers then lose interest in paying more for that good.

7 0

4 years ago

The following transactions occurred over the months of September to December at Nicoleâ€™s Getaway Spa (NGS).

meriva

Answer:

Following are the solution to the given points:

Explanation:

In point a:

Following are the Journal entries of Nicole's Getaway Spa Books:

Month Title Account Dr Cr

September receivable Accounts 1,600

Sales 1,600

Sold gold cost 820

inventory Merchandise 820

October receivable Accounts 370

Sales 370

Sold gold cost 160

inventory Merchandise 160

November receivable Accounts 220

Sales 220

Sold gold cost 150

inventory Merchandise 150

December Cash 1,080

receivable Accounts 1,080

In point b:

Estimated Doubt Debt Allowance:

Class of age Quantity The proportion is Doubting debt

considered uncollectible allowance

1 month - $1\%$ -

2 month 220 $5\%$ 11

3 month 370 $20\%$ 74

More than 520 $40\%$ 208

3 month

1,110 293

In point c:

The Doubtful Account Balance amounts to $\$43$ before aging analysis is performed. Therefore, its amount of bad debt is $\$293-43 \ or \ \$250$ . Due ought to be the writing system Costs of poor debt $\$ 250 \ US\ dollars$ Doubtful cashback rewards allowance $\$ 250 \ US\ dollars$ .

In point d:

Accounts receivable is calculated as total earnings accounts receivable. It is 8.600 / 760 and 11.32 time for NGS thus.

In point e:

Especially in comparison to both the Mineral Spa in Audrey, NGS' account receivable performance is quite healthy.

8 0

3 years ago

The Conrad Company uses a normal job-costing system at its New Brunswick plant. Its job-costing system has two direct-cost categ

sergiy2304 [10]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Direct labor hours rate= 2,000,000/200,000= $10

First, we need to calculate the predetermined overhead rate for each department:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Machining= 1,800,000/50,000= $36 per machine-hour

Assembly= 3,600,000/200,000= $18 per direct labor hour

Job 494:

Direct manufacturing labor costs $14,000 $15,000

Direct manufacturing labor-hours 1,000 1,500

Machine-hours 2,000 1,000

Now, we can allocate overhead to Job 494:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Machinning= 36*2,000= $72,000

Assembly= 18*1,500= $27,000

Finally, the under/over allocation:

Number of direct labor hours= 2,200,000/10= 220,000

Allocated overhead:

Machining allocated overhead= 36*55,000= 1,980,000

Assembly allocated overhead= 18*220,000= $3,960,000

Actual manufacturing overhead:

Machining= $2,100,000

Assembly= $3,700,000

Under/over applied overhead= real overhead - allocated overhead

Machining= 2,100,000 1,980,000= $120,000 underallocated

Assembly= 3,700,000 - 3,960,000= $260,000 overallocated

6 0

3 years ago

The liberty of man in society is to be under no other legislative power but that established by consent in the commonwealth.

OverLord2011 [107]

Answer: The liberty of man, in society, is to be under no other legislative power, but that established, by consent, in the commonwealth; nor under the dominion of any will, or restraint of any law, but what that legislative shall enact, according to the trust put in it.

Explanation:

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3 years ago