Answer:
the number of watches to be produced in July is 500
Explanation:
The calculation of the number of watches to be produced in July is given below;
Units Expected to be sale 400
Add: Desired ending inventory 300 (50% of 600)
Total available 700
Less: Beginning Inventory -200
Units to be produced 500
Hence, the number of watches to be produced in July is 500
Answer:
Break-even point= 150,000 hangers
Explanation:
Giving the following information:
It charges $0.04 and estimates its variable cost to be $0.01 per hanger. Laguna’s total fixed cost is $4,500 per month.
To calculate the number of hangers we need to use the following formula:
Break-even point= fixed costs/ contribution margin
Break-even point= 4,500 / (0.04 - 0.01)= 150,000 hangers
Answer:
D) Wally wins; this agreement is too indefinite since it does not identify which 40 acres are to be sold.
Explanation:
Since in the given situation, wally agrees to sell but here the identification of the land is not mentioned i.e. 40 acres and at the later time the wally refused to sold any land so here wally should wins as the agreement is not definite which type of the land should be sold so it becomes the agreement void
Hence, the correct option is d.
Answer:
The correct answer is A. The Lorenz Curve is a curve that shows the percentage of total household incomes received successively larger fractions of the population, starting with the poorest group.
Explanation:
The Lorenz curve represents the relationship between the cumulative percentage of the population size and the cumulative percentage of the income of the same population.
A Lorenz curve is a graph in which income is cumulatively plotted against the population. A given point on the vertical axis represents the sum of all incomes up to a certain level. The point on the curve to the right of it corresponds to the number of people who have an income up to that level.
The curve always runs lower, which means that at any given point on the curve, the percentage of total national income is lower than the percentage of people who have an income up to that level. On such a curve we can read, for example, that 25% of the income collectors together own 8% of the total income.
The action of the bank will put decreased pressure on the money supply, and to reduce the impact of this action, the Fed could decrease the discount rate.
Basically, a decrease in discount rate will make it easy and cheaper for commercial banks to borrow money from Federal Reserve System and thus, results to increase in available credit and lending in the economy
Therefore, if the commercial banks decide to increase their holdings of excess reserves supposed to be remitted to Feds, then, this will put <u>decreased</u> pressure on the money supply, and the Fed would act by <u>decreasing</u> the discount rate.
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