Answer:
The answer is C.
Explanation:
Macroeconomics is the study of the economy as a whole, unlike microeconomics which is the study of the individual firms/markets.
Macroeconomics focuses on the standard of living, unemployment rate, inflation rate etc. and how this affects the whole economy.
Option A is wrong because it is the microeconomics and not macroeconomics that studies the market and the firm.
Option B and D are wrong because these are for microeconomics
C retirement benefits. This is why retirees are sometimes called "pensioners"
Answer:
$63,000
Explanation:
The computation of cases of cola were completed and transferred to Finished Goods Inventory during January is shown below:-
Completed and transferred to finished goods inventory is
= Case of cola as on Jan 1 work in process + completed & transferred out - ending work in process as on Jan 31
= $5,000 + $65,000 - $7,000
= $63,000
Hence, the number of cases of cola is $63,000
Answer:
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Explanation:
The question requires to calculate the annual percentage growth rate assuming it was constant.
The final earnings are equal to the initial earnings multiplied by 1 + the growth rate, raised to the number of periods.
Here:
- initial earnings = $0.50
- final earnings = $5.00
- number of periods = 10 years
Then, your equation is:
- $5.00 = $0.50 (1 + rate)¹⁰
Solving, you get:
Thus, the answer is the option b. 25.89%
Answer:
The year end closing inventory is $1256
Explanation:
The LIFO or Last In First Out method of inventory valuation follows that the latest or last purchased inventory will be the one that is sold first. Thus, under this method, the inventory that is purchased at start will be the one that will be left at the end and will form up the ending inventory.
The ending inventory of 24 units means that these units will comprise of inventory from the beginning of the period.
Thus, out of these 24 units, 8 units will be from the beginning inventory and the remaining from the first purchase (24 - 8 = 16).
The cost of ending inventory will be,
8 units at $49 per unit = $392
16 units at $54 per unit = $864
The total amount of closing inventory is = 392 + 864 = $1256
