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3 years ago

how much of the variation in worker wages can be accounted for by such measurable explanatory factors?

Business

1 answer:

kumpel [21]3 years ago

7 0

Answer:

I don't know. I think a lot of the variability in wages would be due to statistical noise.

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Other things equal, if a change in the tastes of American consumers causes them to purchase more foreign goods at each level of

mafiozo [28]

Answer:

B. U.S. real GDP will fall

Explanation:

United States´s real Gross Domestic Product ( GDP ) will fall, because having American consumers preferring foreign goods instead of locally produced articles, the expected consequence is a reduction in the volume of local manufacturing. This fall will affect negatively the GDP index, as domestic production decreases.

3 0

3 years ago

The following information is available for Cubic Company before closing the accounts. After all closing entries are made, what w

AysviL [449]

Answer:

Option (a) is correct.

Explanation:

Given that,

Net income = $112,700

Retained earnings = $108,000

Dividends = $40,000

After all closing entries are made,

The balance in the Retained earnings account is as follows:

= Retained earnings + Net income - Dividends

= $108,000 + $112,700 - $40,000

= $180,700

Hence, the balance in the retained earnings account is $180,700.

4 0

4 years ago

If the economy is at point C, what is the cost of one more automobile? Of one more forklift? Explain how the production possibil

Tamiku [17]

Answer:

A) At point C, 2 automobiles will equal 9 forklifts. Therefore, an extra automobile would cost 4 and a half forklifts.

B) Also, because 6 forklifts equal 2 automobiles, an additional forklift would cost 1/3 automobiles

Explanation:

It only costs 3 forklifts to manufacture the first two cars; the next pair comes at a cost of 6 forklifts. Therefore, it will cost a dozen forklifts to manufacture the last 2 automobiles. This demonstrates that every extra car produced comes at a greater cost than the one before.

Cheers

4 0

3 years ago

Davis Hardware Company uses a perpetual inventory system. How should Davis record the sale of inventory costing $620 for $960 on

ElenaW [278]

Answer:

B. Accounts Receivable 960

Sales Revenue 960

Cost of Goods Sold 620

Inventory 620

Explanation:

Under perpetual inventory system the sale is recorded separately by sale value and the cost of the sold inventory is deducted from the inventory and added in the cost of goods sold.

Ne benefit of $340 (960-620) is automatically recorded and it will be measure at end of the period by formatting the income statement. It does not need to be recorded separately.

7 0

3 years ago

Rodgers and Winter had capital balances of $60,000 and $90,000, respectively, at the beginning of the current fiscal year. The a

Bas_tet [7]

Answer:

A) Net income $110,000

Rodgers Winter

Salary allowance $25,000 $30,000

interest allowance $7,200 $10,800

(12% of capital)

split renaming income $18,500 $18,500

net income $50,700 $59,300

B) Net income $65,000

Rodgers Winter

Salary allowance $25,000 $30,000

interest allowance $4,000 $6,000

(40% of remaining income

to Rodgers and 60% to Winter)

net income $29,000 $36,000

4 0

3 years ago