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2 years ago

Fred is making cookies and needs to measure out 3/4 cup of milk, what would he use?

Business

1 answer:

Ne4ueva [31]2 years ago

7 0

Answer:

1/4 dry measuring cup - 3 times

Explanation:

I/4 three times is 3/4

When a cup with 1/4 milk is used three times, the total measurement will add to 3/4.

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Street Company's fixed expenses total $150,000, its variable expense ratio is 60% and its variable expenses are $4.50 per unit.

Len [333]

Answer:

Break even in units = 50000 units

Explanation:

Break even point is a point where total revenues equal total cost and the firm makes no profit or no loss. Break even point in units is the number of units that must be sold in order for the firm to break even. The formula to calculate break even in units is,

Break even in units = Fixed costs / Contribution margin per unit

Where,

Contribution margin per unit = Selling price per unit - Variable cost per unit

First we will calculate the contribution margin per unit.

A variable cost ratio of 60% means that variable costs are 60% of selling price. This means that the remaining 40% is contribution margin per unit.

Now if the variable cost is 4.5 per unit which are 60% of selling price, the the selling price per unit will be,

4.5 = 0.6 / Selling price

Selling price = 4.5 / 0.6

Selling price = 7.5 per unit

Contribution margin per unit = 7.5 - 4.5 = 3 per unit

Break even in units = 150000 / 3

Break even in units = 50000 units

8 0

3 years ago

Which statement is true?

LekaFEV [45]

The statement that is true is "A point on the PPC indicates maximum utilization of available resources." A production possibility curve or PPC is also known as 'production possibility frontier' and 'boundary or line.' It is a curve that help indicates the maximum combination of any two goods. Its advantage determines what an economy could produce if all its resources were fully employed and organised as efficiently as possible..

6 0

3 years ago

Read 2 more answers

A company is setting its direct materials and direct labor standards for its leading product. Direct material costs from the sup

sleet_krkn [62]

The answer is $19.00, the basic wages of the assembly line personnel.

8 0

3 years ago

The table displays price and quantity information for two vehicle models produced by Ford Motor Company, the F-series trucks and

zlopas [31]

Answer:

a. The nominal GDP 2016 = $43.96 billion

The real GDP 2016 = $43.96 billion

The nominal GDP 2017 = $50.46 billion

The real GDP 2017 = $47.36 billion

b. The growth rate is of nominal GDP is 14.79%

c. The growth rate is of real GDP is 7.73%

d. The growth rate in prices is 6.55%

e. The increase in nominal GDP in part a is due to a change in both quantity and prices

Explanation:

a. The amount contributed by Ford to U.S. real and nominal GDP from the sales of the two models 2016 and 2017 are given as follows;

The nominal GDP 2016 = $24,485 × 307,069 + $44,400 × 820,799 = $43.96 billion

The real GDP 2016 = The nominal GDP 2016 = $43.96 billion

The nominal GDP 2017 = $24,645 × 308,296 + $47,800 × 896,764 = $50.46 billion

The inflation for Escape = ($24,645 - $24,485)/$24,485× 100 = 0.65%

GDP deflator for Escape = 100 + 0.65 = 100.65

The inflation for F-series = ($47,800 - $44,400)/$44,400× 100 = 7.66%

GDP deflator for F-series = 100 + 7.66 = 107.66

The real GDP 2017 = ($24,645 × 308,296)×100/100.65 + ($47,800 × 896,764)×100/107.66 = $47.36 billion

b. The growth rate is of nominal GDP is ((The nominal GDP 2017 - The nominal GDP 2016)/(The nominal GDP 2016)) × 100

The growth rate is of nominal GDP = (($50.46 billion - $43.96 billion)/$43.96 billion) × 100 = 14.79%

c. The growth rate is of real GDP is ((The real GDP 2017 - The real GDP 2016)/(The real GDP 2016)) × 100

The growth rate is of real GDP = (($47.36 billion - $43.96 billion

)/$43.96 billion) × 100 = 7.73%

d. The growth rate in prices is given as follows;

Price Deflator = (Nominal GDP/(Real GDP))×100

Price Deflator = ($50.46 billion/$47.36 billion)×100 = 106.55

The growth rate of prices = 106.55 - 100 = 6.55%

e. The increase in nominal GDP in part a is due to a change in both quantity and prices

Quantity increased from 307,069 in 2016 to 308,296 in 2017 for Escape SUVs

Quantity increased from 820,799 in 2016 to 896,764 in 2017 for F-series trucks

Price increased from $24,485 in 2016 to $24,645 in 2017 for Escape SUVs.

Price increased from $44,400 in 2016 to $47,800 in 2017 for F-series trucks.

3 0

2 years ago

When a country has a comparative advantage in the production of a good, it means that it can produce this good at a lower opport

lara31 [8.8K]

Comparative advantage is an economic law referring to the ability of any given economic actor to produce goods and services at a lower opportunity cost than other economic actors.

Thus, when a country has a comparative advantage in the production of a good, it means that it can produce this good at a lower opportunity cost than its trading partner. then the country will specialize in the production of this good and trade it for other goods.

7 0

3 years ago