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3 years ago

If income increases by $100 and consumption increases by $75, the slope of the consumption function equals _____.

Business

1 answer:

Rainbow [258]3 years ago

8 0

Answer:

3/4

Explanation:

The marginal propensity to consume mpc, is the slope of the consumption function and it is what this question requires us to find

We have income increase to be = 100 dollars

Then consumption increase = 75 dollars

MPC = increase in consumption ,75/increase in income 100

= 75/100

= 3/4

Therefore the marginal propensity to consume also called the slope is 3/4

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g100num [7]

Historical returns have generally been higher for stocks of small firms as (than) for stocks of large firms.

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2 years ago

Devin Company has the following data for their budget and actual performance. Actual Master budget Master Budget Variance Sales

snow_tiger [21]

Answer:

The operating income master budget variance 6687 Unfav

Explanation:

Devin Company

Actual Vs. Budget Performance Report

For the year

Actual Master Master Budget

Performance budget Variance

Sales 150,298 155,842 5544 Unfavorable

Variable Costs 65,548 63,937 1611 Unfav

Fixed Costs 12,007 12,475 468 Fav

Operating Income 72743 79430 6687 Unfav

The operating income master budget variance is unfavorable because actual operating income is less than the budget operating income .

When the actual sales revenue is less than the budgeted revenues the variance is unfavorable.

When the actual costs are more than the budgeted costs the variance is unfavorable, and favorable when the actual costs are less than the budgeted costs.

6 0

3 years ago

Refer to the HR Reports in the Inquirer. Through past investments in recruiting and training Chester has obtained a productivity

Reil [10]

Note:

I wasn't able to access the Chester Income Statement but I successfully accessed a similar question Digby.

The Complete Question is as under:

Refer to the HR Reports in the Inquirer. Through past investments in recruiting and training Digby has obtained a productivity index of 109.6%. This means that Digby's labor costs would be increased by 9.6% if it did not have these productivity improvements. This is a competitive advantage that Digby can sustain or even widen further if its competitors have no HR initiatives. Now, refer to the Income Statement in Digby's Annual Report. How much did Digby's productivity improvements save it in direct labor costs (in thousands) last year?

A. $766

B. $29818

C. $3137

D. $3211

Answer:

Option D. $3,137

Explanation:

The Productivity Index of 9.6% shows that if the improvement plan is implemented then the efficiency gains would result in saving of 9.6% of total direct cost. So if we total the direct cost for the year for all of the four products then we have an amount of $32,680 which is given at the second last column.

The amount saved last year would be:

Savings = $32,680 * 9.6% = $3,137

Hence the option C is correct here.

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4 years ago

On January 1, 2017, Smeder Company, an 80% owned subsidiary of Collins, Inc., transferred equipment with a 10-year life (six of

maks197457 [2]

Answer:

Credit accumulated depreciation for 2017 is $46,000

Explanation:

Accumulated depreciation increases as a result of increase in depreciation charged on fixed assets.

Given that:

Accumulated Depreciation = $48,000

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Amortization of Gain = Deferred Gain on Transfer / 6 years remaining = $12000 / 6 = $2000

Credit to Accumulated Depreciation for 2017 = Accumulated Depreciation - Deferred gain on transfer = $48000 - $2000 = $46000

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3 years ago

Strategic management is about formulating strategies that align an organizations internal capabilities with external opportuniti

dexar [7]

Answer:

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Explanation:

He has been able to keep Nike's brand equity.
His policies on HR has generated an effect which translated to increased motivation for his employees to commit to the attainment of the company's objectives
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Cheers!

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3 years ago