Answer: A.There is sufficient evidence to conclude that the mean price of a single-family home has increased from its level two years ago of $299,500
Explanation:
From the question, we are informed that according to the Federal Housing Finance Board, the mean price of a single-family home two years ago was $299,500 and that a real estate broker believes that due to recent credit crunch, the mean price has increased since then and the result is that the null hypothesis is not rejected.
The conclusion based on the results of the test is that since the null hypothesis has been rejected, it simply means that there are sufficient evidence that there has been an increase in the mean price since two years ago.
Therefore, option A is the correct answer.
In some countries with very high inflation rates, citizens tend to spend their money as fast as they receive it in order to keep it from losing any more of its value. Under these conditions, money is said to lack stability
Explanation:
In most situations, two main factors of a high inflation rate are present in a national economy, which in most countries at the very most. Firstly, an increase in consumer spending in comparison to supply could lead to high inflation. The prices rise when more people fought about fewer goods.
Price stability ensures that excessive inflation and deflation are prevented.
Inflation represents an increase in the overall value for money and purchasing power of products and services within an economy over a prolonged period of time. Deflation is a fall over a longer period of time in the overall price cost for goods and services.
Answer:
$343,000
Explanation:
Given that,
Sales revenue = $385,000
Operating expenses = $65,000
Net loss = $23,000
Gross profit:
= Net loss + Operating expenses
= - $23,000 + $65,000
= $42,000
Cost of goods sold:
= Sales revenue - Gross profit
= $385,000 - $42,000
= $343,000
Therefore, the amount of cost of goods sold for the Lucky is $343,000.
Answer: Option (C) is correct.
Explanation:
Correct Option: Political business cycle
If government tax revenues change automatically and in a countercylical direction over the course of the business cycle, this would be called a Political business cycle.
These cycles are present in macroeconomic variables such inflation rate, output and unemployment. There are two types of regime follow in this cycle are as follows:
(i) Regime A consist of expansionary polices which results in a economic growth and inflation. If the inflation rate is high enough then there is a withdrawal of policy.
(ii) Regime B consist of contractionary polices which results in reducing economic growth and inflation. It will become voted out if the unemployment is too high, replaced by Regime A. It generally lead to downward movement of the cycle.
Answer:
$36,020.40
Explanation:
The computation of cash balance is shown below:-
Excess of cash receipts over disbursement = Beginning cash balance + Cash receipts - Cash disbursement
= $64,500 + $1,302,200 - $1,310,000
= $1,366,700 - $1,310,000
= $56,700
Interest = X × 0.02
Cash balance at end = Excess of cash receipts over disbursement + Borrowing - Interest
$92,000 = $56,700 + X - 0.02x
$92,000 - $56,700 = 0.98x
X = $35,300 ÷ 0.98
= $36,020.40
