Dangerousness had been conceptualized as a dichotomous variable, while risk assessment is a continuous variable. The terms dichotomous and continuous variables are used in logistic regression- statistical method for analyzing datasets. The dichotomous variable has only two possible outcomes (values or categories). The continuous variable on the other hand <span>has an infinite number of possible outcomes (values, categories).</span>
Answer:
a) real GDP =$20,000,000
b)velocity of money is 2.50
Explanation:
Nominal GDP is normal spending carried out in terms of dollars.
Nominal GDP is the product of real GDP and price level
Nominal GDP= real GDP*Price level
Given the nominal GDP=$25 million and the price level =1.25 then,
$25000000=real GDP *1.25
$25000000/1.25 = real GDP
$20000000= real GDP
Apply the quantity equation in economics which is;
money supply*velocity of money =price level * real GDP
Given the money supply is=$10,000,000 then,
velocity of money = (price level*real GDP)/money supply
velocity of money = (1.25*20,000,000)/10,000,000
velocity of money =2.50
Answer:
b. Alternative cost.
Explanation:
Sunk cost is cost that has been incurred and cannot be recovered.
Out of pocket cost is a cost incurred out of an employees personal cash reserves for which he may be reimbursed for by his employers.
Differential cost is the cost of two different options.
Opportunity cost is the benefit lost when one alternative is chosen over other alternatives.
I hope my answer helps you.
Answer:
B. $2,300.
Explanation:
The computation of the ending inventory using FIFO method is given below:
Since there are 5 diamonds and one is sold
So, the ending inventory units should be
= 5 - 1
= 4
Now the ending inventory be
= 2 × $600 + 2 × $550
= $1,200 + $1,100
= $2,300
Hence, the option b is correct
<span>Decrease by $57,400 per month.
Looks look at the cash flow for continuing to produce product a and discontinuing product a.
Continuing to produce
Income = 15900 * $29 = $461,100
Variable Expenses = 15900 * 23 = $365,700
Fixed overhead = $109,000
Total cash flow = $461,100 - $365,700 - $109,000 = -$13,600
So the Lusk company is losing $13,600 per month while producing product a. Let's see what happens if they stop producing it.
Income = $0
Variable Expenses = $0
Fixed overhead = $71,000
Total cash flow = $0 - $71,000 = -$71,000
So if they stop producing it, their fixed overhead decreases, but is still at $71,000 per month, for a total loss per month of $71,000.
The conclusion is to either lose $13,600 per month, or $71,000 per month. So if they stop production of product a, their loss per month will increase by $57,400.</span>
