All categories

3 years ago

the gdp deflator in year 2 is 110 and the gdp deflator in year 3 is 118. the rate of inflation between years 2 and 3 is

Business

1 answer:

Cloud [144]3 years ago

8 0

Answer:

7.3%

Explanation:

Inflation Rate between years 2 and 3 = ((GDP Deflator in Year 3 - GDP Deflator in Year 2) / GDP Deflator in Year 2) * 100 = ((118 - 110) / 110) * 100 = 7.2727%

You might be interested in

True or false: if country b has an absolute advantage over country a in producing bicycles, it must also have a comparative adva

erastova [34]

<span>This statement is false. An absolute advantage is the countries ability to carry out a certain economically advantageous activity better than another country or group while a comparative advantage is the ability to carry out an economic activity better and more efficiently than another activity.</span>

3 0

4 years ago

The income statement for Delta-tec Inc. for the year ended December 31, Year 2, was as follows:

postnew [5]

Answer and Explanation:

Retain earnings, year 2

= retained earnings year 1 + earning for year 2

= $825,000 + ($245,000 - $65,000)

= $825,000 + $180,000

= $1,005,000

Therefore, The December 31, Year 2, Retained Earnings balance is $1,005,000.

trading inverstments are classified under current assets. the closing balance of trading inverstments is:

trading inverstments purchased at cost in year 2 $346,000

trading inverstments sold at cost in year 2 $66,000

balance of trading inverstments at cost $280,000

The balance sheet is present like:

D-Tec Inc

balance sheet

particulars amount($)

current asstes

trading inverstments(at cost) 280,000

valuation allowance for trading inverstment (72,500)

trading inverstments(at fair value) 207,500

8 0

3 years ago

Direct Labor Variances The following data relate to labor cost for production of 20,000 cellular telephones: Actual: 8,450 hrs.

Lady bird [3.3K]

Answer and Explanation:

The computation is given below:

Direct labor rate variance = (Actual rate - Standard rate) × Actual hours

= ($22.50 - $23) × 8,450 hours

= -$4,225.00 Favorable

Direct labor time variance = (Actual hours - Standard hours) × Standard rate

= (8,450 hours - 8,400 hours) × $23

= $ 1,150.00 Unfavorable

Total direct labor cost variance is

= Direct labor rate variance + Direct labor time variance

= $4,225 Favorable + $1,150 Unfavorable

= -$3,075.00 Favorable

b. In the case when the employees are not much experienced or they are poorly trained so the less experience cause to less performance due to which the actual time needed should be more than the standard one

3 0

3 years ago

It has been observed in the aircraft industry that, each time cumulative output of airframes was doubled, unit costs typically d

horsena [70]

Answer:

the experience curve

Explanation:

The experience curve refers to a company having lower production costs due to increasing experience of the manufacturing process.

This concept applies to most activities in life, do you remember "practice makes perfect", well practice is equal to experience. For example the first time you drove a car, it probably took you a long time to go from your point of origin to your destination. Your driving inexperience increased the costs of driving from one place to another (more time and fuel spent). But after a while, when driving was something normal you are able to drive the same distance at a lower cost (less time and fuel).

Imagine for a car company that is trying out a new model. The first units are usually assembled with several flaws that must be corrected and are used to research possible design or equipment flaws. Those failures are corrected as the workers acquire more experience.

3 0

3 years ago

Goodwill is:

polet [3.4K]

Answer:

The correct answer is The value of a business as a whole, over and above the value of its net identifiable assets.

Explanation:

Goodwill is an intangible asset that reflects the connections of a customer service business, reputation and other similar factors.

It shows the value of a company's reputation, which can affect its market situation, both positively and negatively.

If it affects positively, it is called goodwill. This is a fixed asset, an element of the company with prolonged value, not generally intended for sale.

However, goodwill can be characterized as something that can generate future profits for the company.

3 0

3 years ago