Answer:
Nominal GDP is $74,437.50
Real GDP is $37,250
Explanation:
The computation of the nominal GDP is shown below:
Year 2 = Corn bread quantity × corn bread price + Software quantity × software price
= 125 × $1.5 + 825 × $90
= $187.50 + $74,250
= $74,437.50
And, the computation of the real GDP equals to
= Year 1 corn bread price × year 2 corn bread quantity + Year 1 software price × year 2 software quantity
= $1 × 125 + $45 × 825
= $125 + $37,125
= $37,250
Answer:
a. $259.70
Explanation:
Note: The full question is attached as picture below
Predetermined overhead rate = 2 + (294300/32700)
Predetermined overhead rate = $11
Job T687 Total cost = Direct materials cost + Direct labor cost + Overhead applied
Job T687 Total cost = 545 + 1090 + (20*11)
Job T687 Total cost = 545 + 1090 + 220
Job T687 Total cost = 1855
Cost per unit = $1,855 / $10
Cost per unit = $185.5
Selling price per unit = Cost per unit + Mark-up price
Selling price per unit = $185.5 + $185.5*40%
Selling price per unit = $185.5 + $74.20
Selling price per unit = $259.70
Answer:
The answer is: Age Discrimination in Employment Act, Minnie can be required to retire at a certain age, because she is in an occupation where evidence exists that ability to perform the job diminishes significantly with age.
Explanation:
The Age Discrimination in Employment Act (ADEA) protects employees who are at least 40 years old and work for companies that have at least 20 employees.
But there are some exceptions that can apply, specially when the job requires certain abilities that naturally diminish with older age. Since Minnie is a bus driver, her employer can argue that her driving abilities may reduce with age (this is a fact) and that she might endanger others by driving with her abilities reduced.
Answer:
Perfect competition is a market structure in which a large number of firms produce the same product.
Explanation:
Items at a grocery store are an example of perfect competition. onsumers have many options at multiple price points.
Answer:
The amount should Metlock report as its December 31 inventory is $286,500.
Explanation:
Ending inventory = Phusical count + goods purchased in transit FOB shipping + cost of goods sold in transit FOB destination
= 230000 + 32000+ 24500
= $286,500
Therefore, The amount should Metlock report as its December 31 inventory is $286,500.