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dsp73
3 years ago
5

Carter Production, Inc.'s required production for the first six month of the year is as follows. Month Required Production Janua

ry 50,000 February 70,000 March 85,000 April 105,000 May 110,000 June 120,000 Each unit requires two pounds of material. Given a desired ending inventory of 20% of next month's production needs, the pounds of material to be purchased in April is: Multiple choice question.
Business
1 answer:
lana [24]3 years ago
4 0

Answer:

212,000 pounds

Explanation:

Calculation to determine what the pounds of material to be purchased in April is

Beginning inventory 210,000

(105,000 x 2)

Add Ending inventory 44,000

(20% of May production needs

( 110,000 x 2 x 20%)

Less Beginning Inventory 42,000

(20% of April)

April pounds of material to be purchased 212,000 pounds

(210,000+44,000-42,000)

Therefore the pounds of material to be purchased in April is 212,000 pounds

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The market price in a perfectly competitive market is $11, and 1,250 units are bought and sold. Assume the market becomes monopo
UNO [17]

When the price of a commodity is $11, where 1250 units are being bought and sold in a perfectly competitive market, the market price of the commodity will increase from its original price if the market is monopolized.

<h3>What is a perfectly competitive market?</h3>

In a market where there are less to zero restrictions for entry and exit of buyers and sellers in the market dealing in similar commodities, then such a market is known as a perfectly competitive market.

There is no pricing power in the hands of the buyers and sellers in the market, as there is no minimum or maximum limit on the number of sellers in the market, so the supply is not restricted in such a market.

Hence, it can be concluded that market prices are stable in a perfectly competitive market, and it generally increases in a monopolistic market.

Learn more about a perfectly competitive market here:

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5 0
2 years ago
The Bureau of Labor Statistics has found that the base-year expenditures of the typical consumer break down as follows:
Shkiper50 [21]

Answer:

  • <em><u>The CPI for the current year is    104.49   </u></em>

<em><u /></em>

Explanation:

A) Expenditure breakdown of the base year:

You must check that they add 100%

  • Food and beverages:               17.8%
  • Housing:                                   42.8%
  • Apparel and upkeep:                 6.3%
  • Transportation:                          17.2%
  • Medical care:                               5.7%
  • Entertainment:                              4.4%
  • Other goods, and services:       5.8%
  • Total                                          100.0%

Total: 17.8 + 42.8 + 6.3 + 17.2 + 5.7 + 4.4 + 5.8 = 100

Thus, the CPI of the base year is 100.

<u>B. Expenditure breakdown of the current year.</u>

Calculate the changes by adding the percent of increase to each item tha has changed.

1. <u>The prices of food and beverages have increased by 10 percent</u>:

  • 17.8% × 1.10 = 19.58%

2.<u> The price of housing has increased by 5 percent</u>:

  • 42.8% × 1.05 = 44.94%

3. <u>The price of medical care has increased by 10 percent</u>:

  • 5.7% × 1.10 = 6.27%

The other prices are unchanged.

Then, the new breakdown is:

  • Food and beverages:               19.58%
  • Housing:                                   44.94%
  • Apparel and upkeep:                 6.3%
  • Transportation:                          17.2%
  • Medical care:                              6.27%
  • Entertainment:                              4.4%
  • Other goods, and services:        5.8%
  • Total                                           104.49%

Of course the new total is not 100%.

  • 19.58 + 44.94 + 6.3 + 17.2 + 6.27 + 4.4 + 5.8 = 104.49

That means that the price of the total basket of products has increased from 100 to 104.49.

Thus, <u>the CPI of the current year is 104.49 ← answer</u>

8 0
3 years ago
The U.S. government imposes a 25 percent tax on the selling price of any four-wheel-drive SUV that is brought into the U.S. by a
trapecia [35]

Answer:

An import tarif

Explanation:

An import tariff is a type of tax levied on the product bought from foreign nations. Tariff restricts the volume of goods and services brought into the country and making them expensive in the local market. Import tariffs serve as a source of revenue to the government and protect locally manufactured goods from unfair competition by imports.

The 25 percent tax imposed on all SUVs is an example of an import tariff. The person of the firm importing the vehicle must pat the government an amount equivalent to 25 percent of the value of SUV. Import tariffs make importing unattractive, thereby encouraging the consumption of domestic products.

6 0
3 years ago
Elliot wants to open a checking account.
Paraphin [41]

Answer:

The common differences in benefits and or fees include :

1. Minimum opening amount

2. Withdrawal limitation - maximum spending or withdrawal depending on age

3. Cost of notification on transaction and monthly statement or hard copy statement fee.

4. Return deposit charge - fee charged on a bounced cheque

5.Overdraft charge - fee charge on unfulfilled commitment

Explanation: The benefits attached and the charges or fees incurred in managing a checking account may differ depending on the policy and business process of the financial establishment.

5 0
3 years ago
Read 2 more answers
Which of the following is not an example of a SMART long-term education or
valkas [14]

Answer:

The last one

Explanation:

A SMART goal always start with 'I will', this one starts with 'I want'

5 0
3 years ago
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