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2 years ago

Which of the following scenarios illustrates cost-push inflation?(1 point)

Business

1 answer:

Crazy boy [7]2 years ago

3 0

Answer:

1. Inflation is best described as _____.

- an upward, general trend of prices in the economy

2. Which of the following scenarios illustrates cost-push inflation?

- An increase in the price of raw materials decreases aggregate supply, pushing prices higher throughout the economy.

3. The Consumer Price Index in 2018 was 251. In 2019, the CPI rose to 257. Calculate the inflation rate from 2018 to 2019. Round your answer to the nearest tenth of a percent.

- 2.4%

4. The Consumer Price Index of any given year provides _____.

- the relative price of a basket of consumer goods as compared to base year prices

5. The rate of inflation in a hypothetical economy is projected to be 1.5% in the coming quarter. Given this information, the Federal Reserve is likely to _____.

- make efforts to raise the inflation rate because 1.5% is below the desired rate of inflation

Explanation:

Mark me braliest

These are 100% correct

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Which of the following statements are correct (Select all that apply): Select one or more: A. A balance sheet reports on investi

Allushta [10]

Answer: Statement C and Statement D

Explanation:

A. A balance sheet reports assets liabilities and capital balances of an entity at a specific point of time.

B. An income statement reports on the revenues earned and the expenses incurred to earn those revenues for a period of one year.

C. Statement of equity reports changes in equity.

D. Cash flow statement shows inflow and outflow of cash from operating , investing and financing.

E. A balance sheet reports companies assets and liabilities at the end of the year.

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3 years ago

Kunkel Company makes two products and uses a conventional costing system. A single plantwide predetermined overhead rate is comp

Ilia_Sergeevich [38]

Answer:

Results are below.

Explanation:

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Total number of direct labor hours= (1,000*2) + (2,000*7)= 16,000

Predetermined manufacturing overhead rate= 1,200,000 / 16,000

Predetermined manufacturing overhead rate= $75 per direct labor hour

Now, we allocate overhead to each unit and calculate the unitary cost:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Mercon:

Allocated MOH= 75*2= $150

Unitary cost= 150 + 8 + 10= $168

Wurcon:

Allocated MOH= 75*7= $525

Unitary cost= 525 + 6 + 11= $542

Finally, using activity-based costing:

Mercon Wurcon Total

Engineering design time (in hours) 1,000 1,000 2,000

Direct labor-hours 2,000 14,000 16,000

Engineering= 600,000 / 2,000= $300 per design hour

Direct labor= 600,000 / 16,000= $37.5 per direct labor hour

Mercon:

Allocated MOH= 37.5*2 + 300*1= $375

Unitary cost= 375 + 8 + 10= $393

Wurcon:

Allocated MOH= 37.5*7 + 300*0.5= $412.5

Unitary cost= 412.5 + 6 + 11= $429.5

3 0

2 years ago

I am having trouble with this question. Can you help me out?

Semmy [17]

Answer:

ok I can help but will is the question.◉‿◉

6 0

3 years ago

At what stage of growth is a business profitable, with enough money to reinvest into the company? A. Successful B. Start-up C. M

Trava [24]

D. Stability, is right.

6 0

3 years ago

Read 2 more answers

Brevard Company uses the weighted-average method in its process costing system. The Packaging Department started the month with

kipiarov [429]

Answer:

For conversion costs, the equivalent units of production are 1,610 units. The right answer is B

Explanation:

According to the given data we have the following:

begging work in progress = 280 units

units started=1450 units

Therefore, total input= 280 units + 1450 units

Total input = 1730 units

There is end work in process of 120 units

Therefore, the equivalent units of production are=Total input-end work in process

The equivalent units of production=1,730 units-120 units

The equivalent units of production=1,610 units

For conversion costs, the equivalent units of production are 1,610 units

4 0

3 years ago