Which scenario best reflects the relationship between production and demand in a recession?

A mathematical approximation called the rule of 70 tells us that the number of years that it will take something that is growing

dusya [7]

Answer:

The answer is: It will take Mexico 28 years

Explanation:

In 2005, Mexico´s GDP per capita (MGDPpC) was only $11,000 which represented one fourth of the United States´ GDP per capita (USGDPpC) of $44,000.

The ratio of GDP per Capita between Mexico and the United States is 1:4

So when MGDPpC doubles the first time, the ratio will be 2:4 (or 1:2), so when it doubles again the ratio will b 1:1. So in order for MGDPpC to equal the amount of USGDPpC in 2005, it would need to double twice.

To find out how many years it will take Mexico to double its GDP per capita once, we must divide 70 by 5, which equals 14 years.

Since it takes Mexico 14 years to double its GDP per capita, it will take them 28 years to double it twice.

8 0

4 years ago

What is accounting equation?

Brut [27]

Answer:

Assets= liabilities + equity

3 0

3 years ago

Direct Materials Purchases Budget Pasadena Candle Inc. budgeted production of 775,000 candles for the January. Wax is required t

andrezito [222]

Answer:

952,583

Explanation:

Note: The desired December 31 wax inventory is 14,300 pounds. If candle wax costs $1.80 per pound, determine the direct materials purchases budget for January is the correct words

Pasadena Candle Inc.

Direct Materials Purchases Budget

For the Year Ending December 31

Pounds of wax required for production:

Candles (775,000*11/16) 532,813

Add: Desired ending inventory, 14,300

December 31

Total units available 547113

Less :Estimated beginning inventory, 17,900

January 1

Total pounds to be purchased 529,213

Total direct materials to be purchased = Total pounds to be purchased * Unit price

Total direct materials to be purchased = 529,213 * $1.80

Total direct materials to be purchased = 952,583

3 0

3 years ago

Which best describes how the government sanctions technological monopolies? by creating the technology itself by prohibiting oth

Salsk061 [2.6K]

The answer is: by issuing a patent for the technology

Without patent for the technology, Existing large companies could not copy the inventions made by smaller new companies and beat them in the market with sheer capital amount. Issuing patent provide opportunities for smaller inventors to enter the market.

5 0

3 years ago

Crystal Charm Company makes handcrafted silver charms that attach to jewelry such as a necklace or bracelet. Each charm is adorn

Damm [24]

Answer:

silver

direct materials price variance = $1,050 favorable

direct materials quantity variance = $13,200 favorable

Crystals

direct materials price variance = $671 favorable

direct materials quantity variance =$1,327.50 favorable

direct labor

direct materials rate variance = $1,200 unfavorable

direct materials efficiency variance =$2,100 favorable

Explanation:

silver

direct materials price variance = (Aq×Ap)-(Aq×Sp)

= (350×$21,00)-(350×$24.00)

= $1,050 favorable

direct materials quantity variance = (Aq×Sp)-(Sq×Sp)

= (350×$24.00) -(1,500×0,60×$24.00)

= $13,200 favorable

Crystals

direct materials price variance = (Aq×Ap)-(Aq×Sp)

= (3,050×$0,23)-(3,050×$0.45)

= $671 favorable

direct materials quantity variance = (Aq×Sp)-(Sq×Sp)

= (3,050×$0.45) -(1,500×4.00×$0.45)

= $1,327.50 favorable

direct labor

direct materials rate variance = (Aq×Ap)-(Aq×Sp)

= (2,400×$14,50)-(2,400×$14.00)

= $1,200 unfavorable

direct materials efficiency variance = (Aq×Sp)-(Sq×Sp)

= (2,400×$14.00) -(1,500×1.50×$14.00)

= $2,100 favorable

4 0

4 years ago