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2 years ago

According to the demand-pull theory, inflation is caused by:

Business

1 answer:

Aliun [14]2 years ago

6 0

Answer:

Understanding Demand-Pull Inflation

Demand-pull inflation is a tenet of Keynesian economics that describes the effects of an imbalance in aggregate supply and demand. When the aggregate demand in an economy strongly outweighs the aggregate supply, prices go up. This is the most common cause of inflation.

Explanation:

hope it helps you

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Sela traveled from her home in Flagstaff to San Francisco to seek specialized medical care. Because she was unable to travel al

egoroff_w [7]

Answer:

The total medical expenses deductible before the 10% limitation is 2090

Explanation:

Solution

Recall that:

The Total expenses included is stated as follows:

Th Hotel room is = $150 * two rooms * three nights

Mileage of = $900,

Miles = 1000

Doctor's bill ins an Francisco = 1,600

Now,

To next step is to find the total medical expenses deductible before the 10% limitation is given as follows:

Doctor's bill = 1,600

The total expenses i hotel room is calculated as :150 * 1 *3 = 450

So,

The total = 1600 + 450 = 2050

It is also important to know that only 10% of the expense stay for the accompanied person is permitted

Therefore,

450*10% =45

Total 2050+45 = 2090

5 0

3 years ago

Hibshman Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginnin

ruslelena [56]

Answer:

Estimated manufacturing overhead rate= $23.973 per machine-hour.

Explanation:

Giving the following information:

Estimated total machine-hours= 15,000

The estimated variable manufacturing overhead was $7.36 per machine-hour.

The estimated total fixed manufacturing overhead was $249,200.

To calculate the estimated manufacturing overhead rate we need to use the following formula:

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

Estimated manufacturing overhead rate= (249,200/15,000) + 7.36

Estimated manufacturing overhead rate= $23.973 per machine-hour.

8 0

2 years ago

Forner, Inc., manufactures and sells two products: Product Z1 and Product Z8. The company has an activity-based costing system w

Alona [7]

Answer:

$184.34

Explanation:

The computation of activity rate for the Order Size activity cost pool is shown below:-

The Activity rate for Order size = Estimated order size overhead cost ÷ Total machine hours

= 1,069,190 ÷ 5,800

= $184.34

Therefore for computing the activity rate for the Order Size activity cost pool we simply applied the above formula and ignore all other value.

7 0

3 years ago

Indiana Co. began a construction project in 2021 with a contract price of $150 million to be received when the project is comple

Over [174]

Answer:

Recognize $ 1.50 millions gross profit in 2022

Explanation:

Year end 2021 Year end 2022

A Contract Price $150.00 $150.00

B Cost Incurred to Date $36.00 $94.50

($36 + $58.50)

C Estimated cost yet to be

incurred to complete

the contract $84.00 $0.50

Total Cost $120.00 $135.00

D = B+C

Percentage of Completion 30.00% 70.00%

E = (B ÷ D) × 100

Revenue to date $45.00 $105.00

F = A × E

G Revenue of Previous year $- $45.00

Net Revenue this year $45.00 $60.00

H = F - G

Cost to date $36.00 $94.50

I (=B)

J Cost to date of previous year $- $36.00

Net Cost for the year $36.00 $58.50

K = I - J

Gross Profits $9.00 $1.50

L = H - K

Therefore the correct answer is Recognize $ 1.50 millions gross profit in 2022 hence, option is not available.

3 0

3 years ago

Supporters of free trade argue that it creates which economic benefit?

Zepler [3.9K]

Answer:

C. Increasing efficiency by allowing for greater specialization

Explanation:

A free economy is one where the forces of demand and supply determine production and consumption. The government or the central authority does not interfere with economic activities in a free economy.

In a free economy, the factors of production are held by the private sector. There is increased business competition as entrepreneurs have the freedom to open a business of their choice. Buyers have the liberty to buy from their preferred suppliers. Businesses are profit-motivated, which forces entrepreneurs to be creative and innovative to win customers and make more sales. They have to specialize and increase their efficiency to be more competitive.

7 0

2 years ago

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