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Vanyuwa [196]
2 years ago
12

The GDP deflator in year 2 is 95 using year 1 as a base year. This means that, on average, the price of goods and services is Gr

oup of answer choices 105% higher in year 2 than in year 1. 5% higher in year 2 than in year 1. 105% higher in year 1 than in year 2. 5% higher in year 1 than in year 2.
Business
1 answer:
viva [34]2 years ago
3 0

Answer:

5% higher in year 1 than in year 2.

Explanation:

As we know that the GDP deflator in year 1 or in base year it should always be 100

Also the GDP deflator in year 2 is 95

Now as we can see that the GDP for year 1 is more than GDP for year 2 by 5%

Therefore in year 1, it is 5% higher than in year 2

So, the last option is correct

hence, the same is to be considered

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profit maximization pricing objective a. is a status quo oriented pricing objective. b. is a sales-oriented pricing objective. c
nika2105 [10]

Answer:

e. does not always lead to high prices.

Explanation:

Profit-maximization pricing means fixing prices so that total revenue is more as compared to total costs. This pricing strategy is used by a monopolist.

It is the short run or long run process by which the price and output level is determined by the firm that can give the maximum profit.

The price per item has been set higher than its total cost of production make to sure that the company makes a profit on each sale. As a result, the company makes a profit on every sale and to reduce risk and uncertainty factors in business operations.

Profit maximization pricing objective <u>does not always lead to high prices</u>.

5 0
3 years ago
The following financial resources were among those received by Seco City during year 1:_____
Burka [1]

Answer:

A) $0

Explanation:

Seco City will record $0 as special revenue funds during year 1 with respect to the foregoing resources.

The $6,000,000 for acquisition of major capital facilities would be recorded as capital projects fund.

$2,000,000 to create a non-expendable trust would be recorded as private purpose trust fund.

8 0
3 years ago
WalCo is a manufacturing company. Assume the estimated inventories on January 1, 2020, for finished goods, work in process, and
ASHA 777 [7]

Answer:

Cost of goods sold=$955000

Explanation:

we know that to calculate cost of goods sold we have to first finds cost of goods manufactured and to calculate cost of goods manufactured we will need total manufacturing cost.

Step#01: Total manufacturing cost=?

Total manufacturing cost= raw material used+direct labour+ factory overhead

Raw material used=?

     Raw material (open)=         72000

Add:  Raw material purchase=<u>467000</u>

                                                  539000

less: Raw material (ending)=   (<u>93000</u>)

      Raw material used            446000

Total manufacturing cost=446000+363000+213000=1021000

Step#2: Cost of goods manufactured (COGM)=?

we know that: COGM= Total manufacturing cost+ work in process (open)-work in process (end)

          COGM= 1021000+63000-84000=1000,000

Step#3: Cost of goods sold (COGS)=?

 we know that : COGS= Cost of goods manufactured+finished goods (open)-finished goods (ending)

               COGS= 1000000+171000-216000=955000

                                                   

6 0
2 years ago
Maggie and her family run a 600 acre farm in the Brazos Bottom. Her two crops are corn(x) and cotton(y). The farm’s revenue func
enot [183]

Answer:

Explanation:

the picture attached shows all the explanation needed

8 0
2 years ago
The PHS regulations about financial conflict of interests require which party to disclose significant financial conflicts of int
lianna [129]

Answer:

C. Researcher

Explanation:

The PHS or Public Health Service regulations established specific rules created in order to increase accountability, implement transparency, and even increase regulatory compliance and management of financial conflicts of interest which require researcher party to disclose significant financial conflicts of interest

6 0
3 years ago
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