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3 years ago

What is the best definition of economic data

2 answers:

7 0

Leading indicators, such as consumer durables, net business formations and share prices, are used to predict the future movements of an economy. ... Finally, lagging indicators, such as gross national product (GNP), CPI, unemployment rates and interest rates, are only seen after a specificeconomic activity occurs. Happy Studying

navik [9.2K]3 years ago

3 0

Methodological economic and statistical elements of the subject include measurement, collection, analysis, and publication of data. Economic data or economic statistics are data (quantitative measures) describing an actual economy, past or present. ... A collection of such data in table form comprises a data set.

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you are working to finish an assigned task in order to meet your ship goal when the co-workers and ask you for your help with so

Allushta [10]

The best thing that I can do is to work in my task while giving instructions to my co worker on what to do in regard to the thing he or she needs help on. The least thing I can do is not to help someone who is in need as I know in the future I may need one's help too.

4 0

3 years ago

Read 2 more answers

Jackson Company produces plastic that is used for injection-molding applications such as gears for small motors. In 2016, the fi

valentina_108 [34]

Answer:

a.Income Statement using variable costing

2016 2017

Sales $7,872,000 $9,840,000

Less Cost of Sales ($1,338,240) ($1,672,800)

Opening Stock $0 $334,560

Add Cost of Goods Manufactured $1,672,800 $1,338,240

Less Closing Stock ($334,560) $0

Contribution $6,533,760 $8,167,200

Less Expenses :

Fixed manufacturing costs ($3,075,000) ($3,075,000)

Selling Expenses : Variable ($862,920) ($1,082,400)

Selling Expenses : Fixed ($500,000) ($500,000)

Net Income / (loss) $2,095,840 $3,509,800

b.Income Statement using absorption costing

2016 2017

Sales $7,872,000 $9,840,000

Less Cost of Sales ($3,798,240) ($5,362,800)

Opening Stock $0 $949,560

Add Cost of Goods Manufactured $4,747,800 $4,413,240

Less Closing Stock ($949,560) $0

Gross Profit $4,073,760 $4,477,200

Less Expenses :

Selling Expenses : Variable ($862,920) ($1,082,400)

Selling Expenses : Fixed ($500,000) ($500,000)

Net Income / (loss) $2,710,840 $2,894,800

c. Reconciliation of Absorption costing Net Income to variable costing profit

2016 2017

Absorption Costing Net Income $2,710,840 $2,894,800

Fixed Manufacturing Cost in Opening Stock $0 $615,000

Fixed Manufacturing Cost in Closing Stock ($615,000) $0

Variable Costing Net Income $2,095,840 $3,509,800

Explanation:

Part a.

Under Variable Costing, Only Variable Manufacturing Costs are treated as Product costs. Fixed Manufacturing costs and All Non-Manufacturing Costs are treated as period costs.

Part b

Under Absorption Costing, Both Variable Manufacturing Costs and Fixed Manufacturing costs are treated as Product costs. All Non-Manufacturing Costs are treated as period costs.

Part c.

The difference between the Net Income under Absorption Costing and Variable Costing is due to Fixed Manufacturing Costs that are deferred in Inventory. This needs to be reconciled accordingly.

5 0

4 years ago

Englewood Company has an opportunity to produce and sell a revolutionary new smoke detector for homes. To determine whether this

Alchen [17]

Answer:

1) Compute the net cash inflow (cash receipts less yearly cash operating expenses) anticipated from the sale of the smoke detectors for each year over the next 12 years.

year net cash flow

0 -$140,000

1 ($20 x 4,000) - $70,000 - $127,500 + $7,500 = -$110,000

2 ($20 x 7,000) - $70,000 - $127,500 + $7,500 = -$50,000

3 ($20 x 10,000) - $50,000 - $127,500 + $7,500 = $30,000

4 ($20 x 12,000) - $40,000 - $127,500 + $7,500 = $80,000

5 ($20 x 12,000) - $40,000 - $127,500 + $7,500 = $80,000

6 ($20 x 12,000) - $40,000 - $127,500 + $7,500 = $80,000

7 ($20 x 12,000) - $40,000 - $127,500 + $7,500 = $80,000

8 ($20 x 12,000) - $40,000 - $127,500 + $7,500 = $80,000

9 ($20 x 12,000) - $40,000 - $127,500 + $7,500 = $80,000

10 ($20 x 12,000) - $40,000 - $127,500 + $7,500 = $80,000

11 ($20 x 12,000) - $40,000 - $127,500 + $7,500 = $80,000

12 ($20 x 12,000) - $40,000 - $127,500 + $7,500 + $40,000 +

$10,000 = $130,000

2) Using the data computed in (1) above and other data provided in the problem, determine the net present value of the proposed investment.

using a financial calculator, the NPV = -$56,801.13

3) Would you recommend that Englewood Company accept the smoke detector as a new product?

Since the NPV is negative, the project should be rejected.

8 0

3 years ago

Holmes Company produces a product that can be either sold as is or processed further. Holmes has already spent $96,000 to produc

Shtirlitz [24]

Answer:

Yes

Explanation:

The computation is shown below:

Particulars Sales As Is Process further Incremental Accounting

Sales $89,500 $605,000 $515,500

(1,375 units × $440)

Less:

Additional Process costs $398,750 $398,750

(1,375 units × $290)

Total $89,500 $206,250 $116,750

Based on the incremental income, Holmes should process it further.

6 0

3 years ago

Tyson is a 25% partner in the KT Partnership. On January 1, KT distributes $16,000 cash, inventory with a $16,000 fair value (in

Marianna [84]

Answer:

D) $8,000 inventory, $0 land

Explanation:

Tyson's basis in the distributed inventory and land will be $8,000 inventory, $0 land

Because he initially first allocates his outside basis to the assets distributed which is in an amount that is equal to KT's basis which is ($20,000 cash and $8,000 land).

Therefore this results in a required decrease of $0 due to the basis he reduces in the land by the required decrease, which thereby results in a basis of $0 to the land.

4 0

3 years ago