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2 years ago

an increase in aggregate demand in the economy will have what effect on macroeconomic equilibrium in the long run?

Business

1 answer:

tino4ka555 [31]2 years ago

5 0

Answer:

An increase in aggregate demand in the economy will have what effect on macroeconomic equilibrium in the long run? A. The price level will rise, and the level of GDP will fall.

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During 2004, Thor Lab supplied hospitals with a comprehensive diagnostic kit for $120. At a volume of 80,000 kits, Thor had fixe

Diano4ka-milaya [45]

Answer:

d. $240.00

Explanation:

Calculation to determine what should the 2005 price be if Thor is to make the same $200,000 profit before income taxes?

2004 CM% = 12.5% ($15/$120)

2005 CM = $2,400,000 ($1,000,000 + $200,000)

2005 CM per unit = $2,400,000/80,000 units

2005 CM per unit= $30 CM per unit;

2005 selling price per unit = $30/.125

2005 selling price per unit= $240

Therefore what should the 2005 price be if Thor is to make the same $200,000 profit before income taxes is $240

6 0

2 years ago

Which of the following is not a characteristic of money?

Llana [10]

Answer:

This question is incomplete, here are the missing answers:

a. medium of exchange

b. unit of account

c. backed by a precious metal

d. store of value

The answer is c.

Explanation:

Money has three general functions (characteristics):

- medium of exchange - Mainly created as the substitute of barter, money has the elementary use as an intermediary when exchanging goods or services.

- unit of account - In order to compare the value of certain goods and services, it is essential to measure them. This is where money applies as unit of account.

- store of value - Given that the money is stable (purchasing power and limited inflation), it is a general option for storing value. That means it can always be easily exchanged into goods or services, no matter the time.

According to basic elimination, c. is the correct answer. Also, it is also known that backing money with gold or silver reserves is an old practice which is irrelevant for most currencies nowadays. Today, the government is backing up the value of its currency. Such money is called fiat money.

7 0

3 years ago

If the price of tutoring increases from $5 to $15, producer surplus increases, in numerals, by $_____.

olga_2 [115]

With the price increase in tutoring from $5 to $15, producer surplus increases by $10.

<h3>What is producer surplus?</h3>

Producer surplus is the additional benefit that the tutors receive. It can be computed by determining the difference between old tutoring price, $5, and the new market price of $15. The implication is that while tutors are willing to accept $5, the new marketing price has made it possible for them to increase their surplus by $10 ($15 - $5).

Thus, the producer surplus increases by $10 to show the increased benefit that suppliers receive for selling their services in the marketplace.

Learn more about producer surplus at brainly.com/question/7622454

7 0

2 years ago

At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $314,000 and in Allowance for Uncollectible A

Alex787 [66]

Answer:

$11,750

Explanation:

The computation of bad debt is shown below:-

Bad debt expense = Estimated allowance for uncollectible at the year end - Existing balance in allowance for uncollectible account credit balance

= ($314,000 × 4%) - $810

= $12,560 - $810

= $11,750

Therefore for computing the bad debt expenses we simply applied the above formula.

8 0

3 years ago

Gardner Corporation manufactures skateboards and is in the process of preparing next year's budget. The pro forma income stateme

GrogVix [38]

Answer:

C) $729,027

Explanation:

The formula to compute the break even point in dollars amount is shown below:

= (Fixed cost ) ÷ (Profit volume ratio)

where,

Fixed cost = $100,000 + $250,000 + $45,000 = $395,000

And the profit volume ratio would be

= (Contribution margin) ÷ (Sales) × 100

where Contribution margin equal to

= Sales - variable cost

The sales = $1,500,000 × 110% = $1,650,000

Variable cost would be

Direct Material = $250,000 × 112% = $280,000

Direct Labor = $150,000 × 112% = $168,000

Variable overhead = $75,000 ×112% = $84,000

Variable Selling & admin. Exp = $200,000 × 112% = $224,000

Total Variable Overhead = $756,000

Now the Contribution margin would be

= $1,650,000 - $756,000

= $894,000

And, Contribution margin ratio

= $894,000 ÷ $1,650,000 = 54.18181818%

So, the break-even point would be

= $395,000 ÷ 54.18181818%

= $729,027 approx

6 0

3 years ago