Answer:
INCOME EFFECT
Explanation:
Income Effect means change in real income/ purchasing power due to change in price, income staying same.
- Price Increase reduces real income/ purchasing power, income staying same - because consumer can purchase less from same income.
- Price decrease increases real income/ purchasing power, income staying same - because consumer can purchase more from same income.
Eg: Income, price of a consumer = Rs100, Rs10 respectively.
Real Income = Income/price = 100/10 = 10. Price fall to 8 increases purchasing power to 12.5 (100/8). Price rise to 12 decreases purchasing power to 8.3 (100/12).
Income Effect : stating - lower purchasing power at higher prices, reduces consumption of all goods and higher purchasing power at lower prices, increases consumption of all goods.
Answer:
Total Manufacturing cost per unit is $53
Explanation:
Manufacturing cost is the cost used to manufacture a product, both direct and indirect cost incurred in manufacturing process are included. It is the total value of material cost, labor cost and overhead cost.
Direct Material Cost = $18
Direct Labor cost = $5 per hour
Manufacturing overhead applied = $13 per unit
Total Activity rate = $30
Activity based costing is the method of allocation of overhead to the products / department / projects on the basis of uses of activity by each one.As we know that calculating an activity rate which is similar to predetermined overhead rate.
Total Manufacturing Cost = Direct material cost + Direct Labor cost + Manufacturing overhead cost
As we know that calculating an activity rate which is similar to predetermined overhead rate. so the activity rate will be used for overhead expense.
Total Manufacturing Cost = $18 + $5 + $30 = $53 per unit
Answer:
12:34
Explanation:
It will be 12:34 if you leave at 11:26
Answer: chemical fertiliser refers to any number of synthetic compound substances created specifically to increase crop yield.
Some examples of chemical fertilisers are ammonium sulphate, ammonium phosphate, ammonium nitrate, urea, ammonium chloride.
Answer:
1. $34 million
2. $0
Explanation:
Given that,
Fair value of Centerpoint Inc = $256 million
Book value of Centerpoint's net assets (excluding goodwill) = $228 million
Book value of Centerpoint's net assets (including goodwill) = 290 million
1. Actual Value of Goodwill:
= Fair Value of Centrepoint Inc. - Book Value of Net assets (excluding goodwill)
= $256 million - 228 million
= $28 million
Loss on Impairment of Goodwill:
= Goodwill recorded - Actual value of goodwill
= $62 million - $28 million
= $34 million
2. In this case Fair value of ($318 million) is more than Book value ($290 million) then there will be no Impairment Loss.
It means that the loss on Impairment of Goodwill = $0.
