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3 years ago

Explain aims of accelerated growth initiative for South Africa

1 answer:

5 0

The objectives were to introduce policies, programmes and interventions that would allow the South African economy to grow enough to halve poverty and unemployment between 2004 and 2014.

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Mark produced 9 cans of sauce with 3 pounds of tomatoes. When he increased to 5 pounds, he produced 13 cans. What is the margina

MakcuM [25]

Answer:

Marginal Product is 2

Explanation:

Marginal Product (MP) is defined as the ration of change in quantity of output produced to the change in quantity of input raw material

Change in quantity of input raw material $= 5 -3 = 2$

Change in quantity of output of products = 13 - 9 = 4

Marginal Product (MP) $= \frac{4}{2} = 2$

Marginal Product is 2

8 0

3 years ago

The key to understanding the money creation process is the fact that:______.a. since the money supply excludes cash but includes

nataly862011 [7]

Answer:

c. whenever banks create financial assets for themselves, they create financial liabilities for individuals, and those financial liabilities are considered money

Explanation:

c. whenever banks create financial assets for themselves, they create financial liabilities for individuals, and those financial liabilities are considered money

3 0

3 years ago

Read 2 more answers

If income decreases and, at the same time, a new technology is discovered that lowers the cost of producing the good, which of t

Fiesta28 [93]

Answer:

b. Cannot tell the change in equilibrium quantity. The equilibrium price will decrease

Explanation:

Two things are going on here

1. Income decreases, that will shift demand inwards. People can buy fewer goods at any given price

2. New technology is discovered, that shifts supply outwards. Costs are reduced so producers can produce more at a given price

The resulting effects are that price will decrease but the result in quantity is undetermined. This can be seen with the two examples attached. In both cases, the shifting of the curves from D0->D1 and S0->S1 results in lower prices. However, in one case the equilibrium quantity goes up and in the other goes up.

4 0

3 years ago

During the first year of operations, 18,000 units were manufactured and 13,500 units were sold. On August 31, Olympic Inc. prepa

kvasek [131]

Answer:

a. The unit cost of goods manufactured based on the variable costing concept.

=Total variable cost of goods manufactured / Total units Manufactured

= (288,000) /18,000= $ 16

b. The unit cost of goods manufactured based on the absorption costing concept.

=Variable cost of goods manufactured +Fixed manufacturing costs / Total units Manufactured=$288,000+ $12,000/18,000= $ 16.67

Explanation:

a. The unit cost of goods manufactured based on the variable costing concept.

=Total variable cost of goods manufactured / Total units Manufactured

= (288,000) /18,000= $ 16

b. The unit cost of goods manufactured based on the absorption costing concept.

=Variable cost of goods manufactured +Fixed manufacturing costs / Total units Manufactured=$288,000+ $12,000/18,000= $ 16.67

Working

Olympic Inc.

Variable Costing Income Statement

For Year Ended August 31

Sales $297,000

Variable cost of goods sold:

Variable cost of goods manufactured $288,000

Ending inventory (72,000)

Total variable cost of goods sold (216,000)

Manufacturing margin $81,000

Variable selling and administrative expenses (40,500)

Contribution margin $40,500

Fixed costs:

Fixed manufacturing costs $12,000

Fixed selling and administrative expenses 10,800

Total fixed costs (22,800)

Operating income $17,700

4 0

3 years ago

Which type of account will typically have the highest interest rate?

Firdavs [7]

A certificate of deposit account will have the highest interest rate.

Further Explanation:

Interest rate:

The interest rate is the rate of interest earned on investment for a particular time period. Account refers to the investment of money made for a particular period. The investors invest in those account which provides the highest rate of return. If the investor gets a lower rate of return, he is not interested in investing the money.

Certificate of deposit:

A certificate of deposit is the type of account in which the investment has been made for a particular time period. It provides the highest interest rate. The investor invests in this type of account when he does not need the money immediately. He makes this type of investment for an extended period of time for different purposes. The investor makes this investment in case of long term funds needed for a particular purpose. For example, the marriage of the son or daughter, sometimes the investor may face the disease problem, purchase of land, purchase of the home, purchase of the car and many more purposes. As this investment provides a higher rate of interest, it will increase the amount of principal that the investor deposited.

Therefore, the certificate of deposit provides the highest interest rate.

Learn more:

1. Learn more about account

brainly.com/question/5057443

2. Learn more about the savings account

brainly.com/question/2652429

3. Learn more about bank account

brainly.com/question/3212764

Answer details:

Grade: Middle School

Subject: Business

Chapter: Money and banking

Keywords: certificate of deposit, higher interest rate, investment, investor, provides, deposited, particular time period.

7 0

3 years ago

Explain aims of accelerated growth initiative for South Africa​

Explain aims of accelerated growth initiative for South Africa