How are logical operators used?

Hammes Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and

Sergio039 [100]

Answer:

c. $191 Favorable

Explanation:

Flexible budget Planning budget Activity variance

Units produced 5,510 units 5,500 units

Revenue $237,481 $237,050

Total Expenses ($207,340) ($207,100)

Net Operating Income $30,141 $29,950 $191 F

Workings

Flexible budget revenue = 5,510 units*$43.10 = $237,481

Planning budget revenue = 5,500 units*$43.10 = $237,050

Flexible budget expenses = $75,100 + $24*5510 = $207,340

Planning budget expenses = $75,100 + $24*5500 = $207,100

4 0

3 years ago

Suppose that you have the following information for an economy:______.

galina1969 [7]

Answer:

Part 1. When real GDP is equal to $4,500, aggregate expenditure is equal to $4,600.

Part 2. When real GDP is equal to $5,000, aggregate expenditure is equal to $5,000.

Part 3. When real GDP is equal to $5,500, aggregate expenditure is equal to $5,400.

Explanation:

The aggregate expenditure (AE) can be calculated using the following formula:

AE = (A + (MPC * Y)) + PI + G + NX ………………. (1)

Where;

AE = aggregate expenditure = ?

A = Autonomous consumption = $500

MPC = Marginal propensity to consume = 0.80

Y = Real GDP

PI = Planned investment = $600

G = Government spending = $300

NX = Net exports = -$400

Based on the above, we can now proceed as follows:

Part 1. When real GDP is equal to $4,500, aggregate expenditure is equal to $ _____.

This implies that:

Y = Real GDP = $4,500

Substituting this and other values given above into equation (1), we have:

AE = ($500 + (0.80 * $4,500)) + $600 + $300 - $400 = $4,600

Therefore, when real GDP is equal to $4,500, aggregate expenditure is equal to $4,600.

Part 2. When real GDP is equal to $5,000, aggregate expenditure is equal to $ _____.

This implies that:

Y = Real GDP = $5,000

Substituting this and other values given above into equation (1), we have:

AE = ($500 + (0.80 * $5,000)) + $600 + $300 - $400 = $5,000

Therefore, when real GDP is equal to $5,000, aggregate expenditure is equal to $5,000.

Part 3. When real GDP is equal to $5,500, aggregate expenditure is equal to $ _____.

This implies that:

Y = Real GDP = $5,500

Substituting this and other values given above into equation (1), we have:

AE = ($500 + (0.80 * $5,500)) + $600 + $300 - $400 = $5,400

Therefore, when real GDP is equal to $5,500, aggregate expenditure is equal to $5,400.

6 0

3 years ago

Which of the following is consistent with the CAPM and efficient capital markets? A) A security with a beta of 1 has a return la

Rus_ich [418]

A security with a beta of 1 has a return last year of 8% when the market has a return of 12%.

Answer: Option A

Explanation:

In a market of the capitals, the return that a person will get from the security will depend upon the risk that has been associated with that security. The CAPM says that the return of the security that a person will get depend upon the beta of the security. Here beta is the measure with which we can measure the risk of the security. It is an absolutely correct measure of the security risk.

6 0

3 years ago

An automotive technician has two job offers. shop a would pay him a straight salary of $720 per week. shop b would pay him $20 p

Karo-lina-s [1.5K]

He would have to long 36 hours in order to match the salary

6 0

3 years ago

On December 31, 2016, Avery Corporation paid $18,000 for next year's insurance policy.

Aleonysh [2.5K]

Answer:

C. Prepaid insurance 18,000 debit

Cash 18,000 credit

Explanation:

The company will do a mistake if it reocrd this as a mistake as it will be posting an expense for an evnt that take place during the next accounting cycle (2017) As the insurance will be outstanding during that period not the one ending.

Also it is not an expense as the insurance company now has the obligation to perform if something happens So we have an asset right now, through time and as long as the insurance is not executed we will declare the expenses.

But for now, it is an asset.

8 0

3 years ago