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3 years ago

Which situation best illustrates the effects of inflation?

Business

1 answer:

NNADVOKAT [17]3 years ago

3 0

Answer:

B. A type of shirt that sold for $10 in 2000 costs $15 in 2020

Explanation:

Inflation is a measure of the rate of rising prices of goods and services in an economy.

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Contracts Capstone 18 of 25Items 36:16 Assignment completion: 72.00% Item 18After selecting an answer, more information on the t

Debora [2.8K]

Answer: The creditor will be able to recover $1,350

Explanation:

The amount that the creditor will be able to recover will be the contract price less the damages for the minor breach by the company.

In this case, the company finished all of the tasks except for the cleaning of the oven. Since this is minor with regards to the contract, the company will be seen to have performed its contract.

Since we are told the cost of finishing the job was 10% of the contract cost, this will be regarded as a minor breach, therefore, the owner of the condominium cannot avoid the payment of the price of the contract price. In this case, the creditor will be able to recover ($1500 - $150) = $1,350.

4 0

3 years ago

Martin Company incurred the following costs for 70,000 units: Variable costs $420,000 Fixed costs 392,000 Martin has received a

Rasek [7]

Answer:

Sales price = $8.1

Explanation:

The units sale price should be that that equated the total revenue to the the total relevant cost of the special order

The relevant cost of the special order includes;

1. Variable cost

2. Additional shipping cost

Note the fixed costs are irrelevant for this decision because they would be incurred either way

Variable cost per unit = Total variable cost /Number of unit

= 420,000/70,000 units = $6 per unit

Total variable cost of special order

( 3,000× $6) = $18,000

Shipping cost 6,300

Total relevant costs of special order. 24,300

Minimum Sales price = Total relevant cost /number of units

Sales price = $24,300/3,000 units =$8.1

Sales price = $8.1

7 0

3 years ago

If the marginal propensity to consume is 0.30 , what is the multiplier, assuming there are no taxes or imports

ollegr [7]

Answer:

Multiplier or k = 1.428571429 rounded off to 1.43

Explanation:

A change in consumer income leading to an increased consumer spending based on the Marginal propensity to consume or MPC can have a much larger effect in the economy due to the multiplier. A multiplier is the is the amount of new income that is generated form an addition of extra income.

The marginal propensity to consume or MPC is the percentage of the additional income that will be used for consumption spending. The formula to calculate the multiplier, also denoted as k, is:

k = 1 / (1 - MPC)

k = 1 / (1 - 0.3)

k = 1.428571429 rounded off to 1.43

3 0

4 years ago

Graphically, economic growth can be represented by a:a. rightward shift of the aggregate demand curve. b. leftward shift of the

Igoryamba

Answer:

d. rightward shift of the long-run aggregate supply curve.

Explanation:

Economic growth is an increase in the potential output of a country.

The long run aggregate supply curve is a vertical line. Economic growth is shown as a rightward shift of the long run aggregate supply curve.

I hope my answer helps you

8 0

3 years ago

Peter Ittig's department store, Ittig Brothers, is Amherst's largest independent clothier. The store receives an average of

ANTONII [103]

The type of control chart that is best to monitor this process is C-chart.

Explanation:

C-chart helps in determining whether the defects or returns are within the control limits or not.

Given:

Mean = average = 6 per day

Z=3

UcL = mean + 3[square root of mean]

= 6 + 3 (Sq root of 6)

UcL = 13.34

LcL= mean - 3[ square foot of mean] = - 1.34

LcL= -1.34

So the returns are within the control limits.

3 0

3 years ago