gross domestic product understates the total production of final goods and services because of the omission of

During October the plant produced 8,000 ingots and incurred the following costs: a. Purchased 33,000 pounds of materials at a co

goldfiish [28.3K]

Answer: Total Variable Costs = $110130

Explanation:

The question in incomplete. Requirements were not provided in the question, as a result it is not clear what the question requires us to do. We will assume the question requires us to calculate Total variable costs since There is nothing in the question that talks about fixed costs.

Total Variable Costs

Manufacturing costs

Direct Material Per pound = $2.95

Direct Material used = 27800 pounds

Direct Material Cost = 27800 x 2.95 = $82010

Direct Labor

Direct Labor cost per hour = $6.20

Direct Labor hours = 3800

Direct Labour Cost = 3800 x $6.20 = $23560

Variable Manufacturing overhead cost = $4560

Total Variable Costs = Direct Material cost + Direct labor costs + Variable Manufacturing overhead

Total Variable Costs = $82010 + $23560 + $4560

Total Variable Costs = $110130

7 0

4 years ago

If households view a tax cut as temporary, then the tax cuta.has less of an effect on aggregate demand than if households view i

ololo11 [35]

Answer:

has less of an effect on aggregate demand than if households view it as permanent

Explanation:

Tax Cut is an expansionary fiscal policy; where government uses its expenditure, receipt policy to increase aggregate demand.

A tax cut affects aggregate demand by increasing it, as it increases the disposable income & purchasing power. However: if households view a tax cut as temporary, it has less impact then that if it is viewed as permanent.

Such because, a tax cut considered temporary would be seen as a temporary increase in disposable income, purchasing power. However, consumers usually weigh marginal utility of a money unit gained less than marginal disutility of a money unit lost. Simply, increasing standard of living is easier, but degrading even temporarily improvised standard of living again is difficult. So, Consumers are averse to reduce their once raisen standard of living . This would make them change their aggregate demand less firstly itself, if the tax cut is considered to be temporary (to avoid disutility of degraded standard of living after tax cut reversal).

3 0

3 years ago

Walmart's decision to build fulfillment centers illustrates which force in Porter's Five Forces Model?

serg [7]

Answer:

the correct answer is D. threat of new entrants

good luck

5 0

4 years ago

On January 1, 2020, HD Corp. paid $60,000 and issued a 5-year noninterest bearing note payable with a face value of $120,000 in

Sunny_sXe [5.5K]

Answer:

The carrying value of the note payable on 12/31/2021 is $95,260

Explanation:

First, we need to calculate the present value of note

Present value of note = Face value / ( 1 + Interest rate )^numbers of years

Where

Face value = $120,000

Interest rate = 8%

Numbers of years = 5 years

Placing vlaues in the formula

Present value of note = $120,000 / ( 1 + 8% )^5

Present value of note = $81,669.98

Present value of note = $81,670

12/31/2020

Interst expense = Present value at issuance x Interest rate = $81,670 x 8% = $6,533.60

Carrying Value = Present value at issuance + Interest for 2020 = $81,670 + $6,533.60 = $88,203.60

12/31/2021

Interst expense = Present value at issuance x Interest rate = $88,203.60 x 8% = $7,056.29

Carrying Value = Present value at issuance + Interest for 2021 = $88,203.60 + $7,056.29 = $95,259.89 = $95,260

Hence, the carrying value of the note payable on 12/31/2021 is $95,260

7 0

3 years ago

Cost of goods sold was $159,400 for the period. The beginning and ending Inventory balances for the period were $18,700 and $13,

bearhunter [10]

,Answer:

$168,700

Explanation:

The computation of the cash paid to suppliers is shown below:

But before that first we have to determine the purchase amount which is

As we know that

Cost of goods sold = Beginning inventory + purchase - ending inventory

$159,400 = $18,700 + purchase - $13,700

So, the purchase amount is $154,400

Now the cash paid to suppliers is

= Opening balance of account payable + purchase made - ending balance of account payable

= $22,500 + $154,400 - $8,200

= $168,700

We simply applied the above formulas

7 0

4 years ago