the following data relate to factory overhead cost for the production of 4,000 computers: actual: variable factory overhead $115,400 fixed factory overhead 25,500 standard: 4,000 hrs. at $34 136,000 if productive capacity of 100% was 6,000 hours and the total factory overhead cost budgeted at the level of 4,000 standard hours was $144,500, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. the fixed factory overhead rate was $4.25 per hour. enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
Answers
A favorable finances variance refers to nice variances or gains; an unfavorable budget variance describes poor variance, indicating losses or shortfalls.
Budget variances appear because forecasters are unable to predict future prices and income with whole accuracy.
How do you exhibit a bad variance?The poor variances, which are detrimental in phrases of a company's profits, are typically in parentheses. On the other hand, high quality variances in phrases of a company's income are introduced without parentheses.
What is intended through favorable variance?A favorable variance occurs when the value to produce some thing is less than the budgeted cost. It capability a commercial enterprise is making greater profit than at first anticipated. Favorable variances ought to be the result of extended efficiencies in manufacturing, more cost-effective cloth costs, or accelerated sales.
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which of the following require(s) a formal filing to be recognized as a valid business entity? multiple choice a general partnership a sole proprietorship a limited partnership all business entities
Answers
The following requires a formal filing to be recognized as a valid business entity: Sole proprietorship and limited partnership. Option b and c are correct.
What is a business entity?A business entity is a legal entity that exists separately from the company's owner(s) and has distinct legal rights and liabilities. Business entities include sole proprietorships, partnerships, limited liability corporations (LLCs), and corporations. Each company structure has its unique set of legal rights and duties.
What is a sole proprietorship?Sole proprietorship is a legal form of a business entity in which one individual runs and operates the company. A sole proprietorship's owner is responsible for all of the company's profits and debts.
What is a limited partnership?Limited partnerships (LPs) are a unique type of partnership structure in which one or more of the partners have limited liability. In the business world, limited partnerships are frequently established as a way for investors to pool their funds and invest in a venture without assuming full responsibility for any financial losses.
Thus, option b and c are correct.
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Complete question
which of the following require(s) a formal filing to be recognized as a valid business entity? multiple choice
a. a general partnership
b. a sole proprietorship
c. a limited partnership
d. all business entities
suppose that a small-town theater has six potential customers and is looking to implement price discrimination depending on when customers want to attend. suppose the marginal cost of serving an additional customer is $1.50. the data provide information about the time of attendance and willingness to pay for a ticket.
Answers
Based on the information that can be gotten from the question, the price that should be charged by the theater for the matinee ticket will be $7.
From the complete information, when the price is $4 and the 3 customers enjoy the movie, the profit will be:
= ($4 - $1.5) × 3
= $2.5 × 3
= $7.5
Now, let's assume that the price charged is $7 and 2 customers enjoy the movie, the profit will be:
= ($7 - $1.5) × 2
= $5.5 × 2
= $12
Now, when the price is $12 and only 1 customer enjoyed the movie, the profit will be:
= ($12 - $1.5) × 1
= $10.5
It can be depicted that the profit of the theater will be at maximum when the price that is charged is $7.
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Which of the following is an example of a soft skill?
O A. Ability to use CSS spreadsheets
B. Ability to manage spreadsheets
C. Ability to work well with a project team
D. Ability to manipulate images using computer software
Answers
The ability to work well with project teamwork of the following is an example of a soft skill. The correct option is C.
Soft skills are character traits that help people interact with others positively and successfully. They are immaterial and typically do not pertain to a particular profession or sector of the economy. Soft skills examples include emotional intelligence, teamwork, problem-solving, flexibility, leadership, and communication.
The traits and aptitudes that enable you to work successfully with others during discussions, projects, meetings, or other collaborations are known as teamwork skills. Your capacity for effective communication, attentive listening, responsibility, and honesty are all necessary for teamwork.
Thus, the ideal selection is option C.
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Teal Mountain Inc. incurred a net operating loss of $490,000 in 2020 . Combined income for 2018 and 2019 was $343,000. The tax rate for all years is 20%. Teal Mountain elects the carryback option. Prepare the journal entries to record the benefits of the loss carryback and the loss carryforward. Teal Mountain expects to return to profitability in 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Answers
Journal entry to record the benefit of the loss carryback: Income Tax Receivable $98,000, Income Tax Benefit $98,000, Deferred Tax Asset $98,000, Income Tax Benefit $98,000.
Journal entry to record the benefit of the loss carryback:
Income Tax Receivable $98,000 ([$490,000 x 20%])
Income Tax Benefit $98,000
To record the income tax benefit of the loss carryback for the year 2020. The income tax receivable represents the tax refund expected from applying the net operating loss against prior years' income.
Journal entry to record the benefit of the loss carryforward:
Deferred Tax Asset $98,000
Income Tax Benefit $98,000
To record the deferred tax asset resulting from the net operating loss carryforward. The deferred tax asset represents the tax benefit that can be utilized in future profitable years.
Please note that the amounts used in the journal entries are based on the given information. Adjustments may be necessary based on specific circumstances or tax regulations. It's always recommended to consult a professional accountant or tax advisor for accurate and compliant record-keeping.
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Penny Cassidy is considering forming her own pool service and supply company, Penny's Pool Service & Supply, Inc. (PPSS). She has decided to incorporate the business to limit her legal liability. She expects to invest $ 20,000 of her own savings and receive 1,000 shares of common stock. Her plan for the first year of operations forecasts the following amounts at December 31, the end of the current year: Cash in bank, $ 2,900 ; amounts due from customers for services rendered, $ 2,300 ; pool supplies inventory, $ 4,600 ; equipment, $ 28,000 ; amounts owed to Pool Corporation, Inc. , a pool supply wholesaler, $ 3,500 ; note payable to the bank, $ 5,000. Penny forecasts first-year sales of $ 60,000 , wages of $ 24,000 , cost of supplies used of $ 8,200 , other administrative expenses of \,500 , and income tax expense of $ 4,000. She expects to pay herself a $ 10,000 dividend as the sole stockholder of the company.
Required: If Penny's estimates are correct, what would the following first-year financial statements look like for Penny's Pool Service & Supply (use Exhibits 1. 2,1. 3 , and 1. 4 as models)?
(c) Balance sheet
Answers
Based on Penny's estimates, the first-year financial statements would look like the following for Penny's Pool Service & Supply and show retained earnings of $9,300.
a) Penny's Pool Service & Supply
Income StatementFor the first year ended December 31
Sales $60,000
Wages $24,000
Supplies Expense 8,200
Administrative Expense 4,500 $36,700
Operating Income $23,300
Income tax expenses 4,000
Net Income $19,300
b) Penny's Pool Service & Supply
Statement of Retained EarningsFor the first year ended December 31
Net Income $19,300
Dividends $10,000
Retained earning $9,300
c) Penny's Pool Service & Supply
Balance SheetAs of December 31
AssetsCurrent Assets:
Cash $2,900
Accounts Receivable 2,300
Supplies Inventory 4,600
Total current assets $9,800
Equipment $28,000
Total assets $37,800
Liabilities and EquityCurrent liabilities:
Accounts Payable $3,500
Long-term liabilities:
Note Payable $5,000 $8,500
Equity:
Common Stock $20,000
Retained Earnings 9,300 $29,300
Total liabilities and equity $37,800
Data and Calculations:Cash $20,000 Common Stock $20,000
Forecasts at December 31:
Cash $2,900
Accounts Receivable $2,300
Supplies Inventory $4,600
Equipment $28,000
Accounts Payable $3,500
Note Payable $5,000
Sales $60,000
Wages $24,000
Supplies Expense $8,200
Administrative Expense $4,500
Income tax expenses $4,000
Dividends $10,000
Thus, the Retained Earnings for the forecast first year would be $9,300.
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marketing is defined by the american marketing association as group of answer choices the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for clients, partners, and society at large the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, and partners the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large the activity, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large
Answers
The American Marketing Association defines marketing as "the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large - True.
What is marketing?Any steps a business makes to draw a target audience to its goods or services through persuasive message is referred to as marketing.
With the long-term objectives of showing product value, fostering brand loyalty, and eventually increasing sales, marketing seeks to offer standalone value for prospects and consumers through content.
Marketing's goal is to continuously study and analyze your target market.
To do this, you should hold focus groups, send out surveys, look into internet purchasing trends, and ask yourself one fundamental question:
"Where, when, and how does our customer want to engage with our business?"
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The American Marketing Association defines marketing as "the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large - True.
What is marketing?Any steps a business makes to draw a target audience to its goods or services through persuasive message is referred to as marketing.
With the long-term objectives of showing product value, fostering brand loyalty, and eventually increasing sales, marketing seeks to offer standalone value for prospects and consumers through content.
Marketing's goal is to continuously study and analyze your target market.
To do this, you should hold focus groups, send out surveys, look into internet purchasing trends, and ask yourself one fundamental question:
"Where, when, and how does our customer want to engage with our business?"
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Clearwater Hampers is a small British company that sells luxury food and drink in various combinations in picnic hampers. Food and wine are seen as classic, fail-safe gifts in a market where present-buying is increasingly tricky. Corporate customers, both in the United Kingdom and abroad, are important to the business. Clearwater has had several orders for more than a quarter of a million dollars. The company's leading salesperson, Peter Austin, is preparing the approach he will use during his first sales call with the CEO of Diamonite, a company that specializes in designing, manufacturing, and installing aircraft interiors for executives and heads of state.
Austin would use creative imagery to: __________
a. develop dramatic visual aids.
b. encourage two-way communication.
c. cope with pre-call stress.
d. establish seller empathy.
e. create synergy with the prospect.
Answers
Austin would use creative imagery to cope with pre-call stress.
Imaginary is a term that refers to thoughts that only exist in the imagination. Imagination is the process that allows the human to manipulate information generated internally in the brain to create a representation in the mind.
Imagination is related to creativity, that is, creating new ideas on any subject. Okay so Austin is using creative images to organize his ideas and express himself well with the Diamonite CEO.
According to the above, the correct answer is C. Cope with pre-call stress.
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HELP ME PLEASE
Based on the cell theory, which of the following is true? (5 points)
All cells are too small to be seen.
All living things are made of cells.
Small organisms have more cells than large organisms.
Large organisms have larger cells than small organisms.
5.
(04.02 LC)
Anton Leeuwenhoek devised a primitive microscope to observe a sample of his tooth scrapings. How did this help contribute to cell theory? (5 points)
It helped to show that cells cannot function independently.
It helped to show that some bacteria can swim like fish.
It helped to show that some bacteria are just one cell.
It helped to show that cells can be created from thin air.
6.
(04.02 MC)
A scientist eliminated all living organisms in a jar of soup by heating it. He then left the soup jar uncovered for some days. After a few days, he saw molds in the soup. What most likely formed the mold? (5 points)
Mold spores present around the jar
Nonliving matter in the environment
Water molecules in the soup
Glass particles in the jar
7.
(04.02 LC)
A scientific theory is different than the way we use the word theory in common speech. Which of the following describes the way the term theory is used in everyday life? (5 points)
It explains how nature works.
It is supported by observation and testing.
It is supported by experimental results and data.
It is a random guess about how something happened.
8.
(04.02 MC)
Read the two statements given below.
Statement 1: Children knocked over the trash can while cycling
Statement 2: Plant cells generate from sunlight and chlorophyll
Which of the following best relates the statement to the correct type of theory? (5 points)
Both statements are about scientific theories.
Both statements are about everyday life theories.
Statement 1 is about an everyday life theory, and statement 2 is about a scientific theory.
Statement 1 is about a scientific theory, and statement 2 is about an everyday life theory.
9.
(04.03 LC)
Which number label represents the nucleus?
6
5
3
2
10.
(04.03 LC)
Which organelle provides protection and support to a cell? (5 points)
Cell wall
Cytoplasm
Nucleus
Ribosome
11.
(04.03 MC)
Plant cells and animal cells were observed under a microscope. The characteristics of two cells are listed below.
Cell X: Has chloroplast
Cell Y: Does not have a cell wall
Which statement about the two cells is correct? (5 points)
Cell X has a cell membrane.
Cell X has a small vacuole.
Cell Y has a large vacuole.
Cell Y has chloroplast.
12.
(04.03 MC)
What will most likely happen in the absence of a cell wall? (5 points)
Photosynthesis will not occur.
The cell will lose its shape and support.
Cellular respiration will not take place.
Substances will not move in and out of the cell.
Answers
Answer:
I only know the answer to the last question, sorry.
The cell will lose its shape and support
Explanation:
I took the quiz.
A home buyer signed a 20-year, 8% mortgage for $72,500. Given the following information, how much should the annual loan payments be? a) $1,584 b) $7,384 c) $15,588 d) $15,555
Answers
A mortgage is a loan obtained to buy real estate, like a house or an apartment. Principal and interest are often split into two sections of a mortgage payment. The correct answer is b.
The formula to calculate the annual loan payments for a mortgage is
A = P(1 + r/n)^(nt) / [(1 + r/n)^(nt) - 1], where A is the annual payment, P is the principal amount, r is the annual interest rate, n is the number of times the interest is compounded per year, and t is the total number of years.
In this case, P = $72,500, r = 8% or 0.08, n = 12 (since the interest is compounded monthly), and t = 20 years. Therefore, the formula becomes A = $72,500(1 + 0.08/12)^(12*20) / [(1 + 0.08/12)^(12*20) - 1].
Calculating this equation using a financial calculator or spreadsheet yields an answer of $7,384. This means that the correct option from the given choices is (b) $7,384.
Therefore, the annual loan payments for a 20-year, 8% mortgage for $72,500 would be $7,384. This amount includes both the principal and interest components of the loan and is spread out over 12 months of the year. It is important to note that this is only an estimate and does not take into account any additional fees or charges that may be associated with the mortgage. The actual loan payments may vary slightly based on individual circumstances and other factors.
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DECA is a CTSO for:
A. Blue-collar Workers
B. Maintenance Workers
C. Fashion Students
D. Marketing Students
Answers
Why do you suppose the federal government, as an employer, is interested in employee retention? (Select all that apply.)
It is costly to replace an employee; not only does the employer lose productivity but they have to train the replacement employee.
The federal government must maintain a very large bureaucracy to function and they cannot afford losing any employees.
The skills developed on the job grow the longer the employee is in that position, making them a more valuable.
Many federal employees have national security information that cannot be repeated once the employee leaves the position.
Answers
Answer:
It is costly to replace an employee; not only does the employer lose productivity but they have to train the replacement employee.
The skills developed on the job grow the longer the employee is in that position, making them a more valuable.
Explanation: i just had the same homework
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Project Planning
Planning is often the most difficult and unappreciated process in project management. Because planning is not always used to facilitate action, many people view planning negatively. The main purpose of project plans, however, is to guide project execution. To guide execution, plans must be realistic and useful, so a fair amount of time and effort must go into the planning process; people who are knowledgeable with the work need to plan the work.
EHR is relatively small, hence the most important planning documents to focus on are :
1. A team contract
2. A project scope statement
3. A work breakdown structure (WBS)
4. A project schedule
Soon after the project team signed the project charter, Project manager (PM) organized a team-building meeting for the project management EHR project. Inputs were collected from the team which is enough to develop the first draft of the scope statement. Another meeting is needed to further develop the scope statement and to start creating the WBS for the project.
Answers
Project planning is a crucial process in project management, as it guides project execution and ensures that the project is completed successfully.
However, planning is often viewed negatively and can be difficult to undertake. For small projects like EHR, it is important to focus on the most important planning documents, which include a team contract, a project scope statement, a work breakdown structure, and a project schedule.
After signing the project charter, the project manager for the EHR project organized a team-building meeting to collect inputs from the team members. These inputs were used to develop the first draft of the scope statement. However, it is important to note that another meeting is needed to further develop the scope statement and start creating the WBS for the project.
It is important for the planning process to involve people who are knowledgeable about the work being done in order to create realistic and useful plans. The planning process should not be viewed as an obstacle to action, but rather as a tool to guide execution and ensure project success. Therefore, it is crucial to allocate sufficient time and effort into the planning process. By focusing on the key planning documents and involving the right people, the EHR project can be effectively planned and executed.
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Step 3: Creating a Balanced Family Budget
a) Search for a "family budget estimator" and calculate the monthly expenses for a family living
in your city.
Insert a screenshot of the calculator you used, as well as all of the information you entered
into it. If you are unable to insert a screenshot, then list the information below. (10 points)
b) State the minimum monthly income and hourly wage per worker needed to cover monthly
expenses for the family you used in part a. Then, explain how to calculate the hourly wage
Show we’re u found your information
Answers
The family budget calculator use is attached accordingly. See relevant definition below.
What is the minimum monthly income and hourly wage per worker required to cover the monthly expenses indicated in the budget?The total budget indicated is $7,304. Hence to cover for the above expenses, one would need to work for at least 8 hours per day, and 5 days a week at the minimum income wage of $50 dollars/Hour.
This translates to:
50 x 8 x 20
= $8,000
What exactly is a family budget?A family budget is a plan for your household's incoming and outgoing funds for a specific time period, such as a month or year.
What is the definition of a Family Budget Calculator?The Family Budget Calculator calculates the amount of money required for a family to maintain a modest but decent level of life.
The budgets project community-specific expenses for ten different family types (one or two adults with zero to four children) across all counties and metro regions in the United States.
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The local community college requires that each student complete a registration request form and mail or deliver it to the registrar’s office. A clerk enters the request into the system. First, the system checks the accounts receivable subsystem to ensure that no fees are owed from the previous quarter. Next, for each course, the system checks the student transcript to ensure that he or she has completed the course prerequisites. Then the system checks class position availability and adds the student’s Social Security number to the class list. The report back to the student shows the result of registration processing: If the student owes fees, a bill is sent, and the registration is rejected. If prerequisites for a course are not fulfilled, the student is notified, and that course is not registered. If the class is full, the student request is annotated with "course closed". If a student is accepted into a class, then the day, time, and room are printed next to the course number. Student fees and total tuition are computed and printed on the form. Student fee information is interfaced to the accounts receivable subsystem. Course enrollment reports are prepared for the instructions. Draw a context diagram and a level 0 DFD for the preceding operations.
Answers
The figure below shows the preceding operations' context diagram and level 0 DFD. The incoming data flow for the context diagram is the Student Registration Request Form and the outgoing data flow is the Student Schedule or Bill (depending on the results of registration processing). The two entities in the diagram are the Student and Registrar's Office.
The context diagram provides a high-level view of the system, showing its interactions with external entities. A context diagram for a registration system should include the students as the external entities and the registrar's office as the system.
The level 0 DFD decomposes the context diagram into the main sub-processes, also known as the system's main functions. The level 0 DFD illustrates the processes involved in the student registration request system. It includes all the essential parts of the registration system, such as accounts receivable, student transcript, class position availability, and others.
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nate schaffran, africa’s regional director, mentions that root capital has had a focus on ________ in regard to human resources in the last five years.
Answers
Nate Schaffran, Africa’s regional director, mentions that root capital has had a focus on diversity and inclusion in regard to human resources in the last five years.
Root Capital is a nonprofit organization that provides financial support and advisory services to small and growing agricultural businesses in Africa, Latin America, and Southeast Asia. Nate Schaffran, the regional director of Africa, has recently mentioned that Root Capital has placed a strong emphasis on diversity and inclusion within their human resources department over the last five years.
Diversity and inclusion are essential components of creating a sustainable and equitable workplace. By focusing on diversity, Root Capital has ensured that their team comprises individuals from different backgrounds, cultures, and experiences.
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8. Problems and Applications Q8
Consider an economy with two labor markets: one for manufacturing workers and one for service workers. Suppose initially that neither is unionized.
Which of the following will happen to the manufacturing labor market if manufacturing workers formed a union? Check all that apply.
The wage of manufacturing workers will rise.
The quantity of manufacturing workers demanded will fall.
The quantity of manufacturing workers supplied will rise.
There will be an increase in employment of manufacturing workers.
Answers
The quantity of manufacturing workers demanded will fall, the wage of manufacturing workers will rise and the quantity of manufacturing workers supplied will rise.
What does a union among workers represent in economy?In the macroeconomic model, a union among workers will increase the wage rate, thereby the supply of manufacturing workers will also increase.
This phenomenon is associated with a decrease in the demand and quantity of manufacturing workers.
In conclusion, the quantity of manufacturing workers demanded will fall, the wage of manufacturing workers will rise and the quantity of manufacturing workers supplied will rise if manufacturing workers formed a union.
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Many companies look to re-finance their outstanding debt when interest rates fall significantly. Javert Toy Company has $50.00 million in debt outstanding that pays an 8.00\% APR coupon. The debt has an average maturity of 10.00 years. The firm can refinance at an annual rate of 5.25%. That is, investors want 5.25% today for bonds of similar risk and maturity. How much will Javert save on interest payments with this re-finance? You can assume that Javert will issue debt to cover the full price of repurchasing the old debt from part A. (answer in terms of millions, 501,000,000 would be 1.00) Answer format: Cumency: Round to: 4 decimal places.
Answers
Javert Toy Company will save approximately $1.595 million on interest payments with the re-finance.
To calculate the interest savings, we need to compare the interest payments on the existing debt with the interest payments on the refinanced debt.
The interest payment on the existing debt can be calculated using the formula:
Interest Payment = Principal * Coupon Rate
For Javert Toy Company, the principal is $50.00 million and the coupon rate is 8.00%, so the annual interest payment on the existing debt is:
Interest Payment = $50.00 million * 0.08 = $4.00 million
To calculate the interest payment on the refinanced debt, we use the formula:
Interest Payment = Principal * Refinancing Rate
The principal remains the same at $50.00 million, and the refinancing rate is 5.25%, so the annual interest payment on the refinanced debt is:
Interest Payment = $50.00 million * 0.0525 = $2.625 million
By refinancing the debt at the lower interest rate, Javert Toy Company will save:
Interest Savings = Interest Payment on Existing Debt - Interest Payment on Refinanced Debt
= $4.00 million - $2.625 million
= $1.375 million
Rounding the interest savings to four decimal places, Javert Toy Company will save approximately $1.595 million on interest payments with the re-finance.
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why is getting a large tax refund or having to pay a large tax bill at the end of the year a sign of poor planning?
Answers
Considering the financial implication, getting a large tax refund or paying a large tax bill at the end of the year is considered a sign of poor planning because you are overpaying taxes to IRS, thereby reducing your take-home paycheck.
Also, it is poor planning when you pay a large tax bill at the end of the year because there would be a risk of owing the IRS the subsequent year, which would affect your paycheck.
Typically, it is recommended that individuals should calculate their taxes very well and aim for zero refund or additional taxes owed.
Hence, in this case, it is concluded that it is poor planning to get a large tax refund or pay a large tax bill at the end of the year.
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When senior managers at Gap, Inc. decided to become the number one service-quality clothing company in the world, they were engaging in the management function of _____.
Answers
Answer:
Planning
Explanation:
Planning is crucial aspect of management, it can be explained as the process carried out by an organization to make rooms for their activities in the future for the success of the organization, it helps the organization to know the goals and how to achieve this goals. It should be noted that Planning could be strategic or operational in nature
Therefore, from the question, the statement can be written as " when senior managers at Gap, Inc. decided to become the number one service-quality clothing company in the world, they were engaging in the management function of planning"
URGENT: Creating and using a checklist makes home maintenance and repair projects more _______. (10 letters)
Answers
Answer:
productive
Explanation:
Suppose the price of apples doubles to $3.00 between year 1 and year 2 but that nothing else in the economy changes Instructions: Round your answers to one decimal placea. What would be the percentage change in nominal GDP? b. What would be the percentage change in real GDP?Suppose the prices of both apples and bread double between year 1 and year 2 and quantities remain unchanged. Instructions: Round your answers to one decimal place a) What would be the percentage change in nominal GDP?% b) What would be the percentage change in real GDP?
Answers
Answer:
1. Suppose Quantity of Apple sold in year one & two = 100Kg.
Price in year 1 = $1.50 per kg
Price in year 2 = $3.00 per kg
Nominal GDP 1 = Price * Quantity = 1.50*100 = $150
Nominal GDP year 2 = 3*100 = $300
Change in Nominal GDP = $150
Percentage change in Nominal GDP = 100%
b. Real GDP of year 1 = Nominal GDP of year 1 = $150
Real GDP of year 2 = 1.50*100 = $150
Change in Real GDP = 0%
2. Quantity of Bread = 100 units price = $ 1 per unit, year 2 price = $ 2 per units
a. Nominal GDP year 1 = 1*100+1.5*100 = $250
Nominal GDP year 2 = 2*100+3*100 = $500
Percentage change in Nominal GDP = 500-250/500 * 100 = 100%
b. Real GDP year 1 = $250
Real GDP year 2 = 1*100 + 1.5*100 = $250
Percentage change in Real GDP = 0%
The percentage change in nominal GDP is 100% and the Change in Real GDP is 0%.
Percentage change in nominal GDP1. Price in year 1
Price in year 1= $1.50 per kg
Price in year 2 = $3.00 per kg
Nominal GDP 1 = Price ×Quantity
Nominal GDP 1 = 1.50×100
Nominal GDP 1 = $150
Nominal GDP year 2 = 3×100
Nominal GDP year 2 = $300
Change in Nominal GDP = $150
Percentage change in Nominal GDP = 100%
b. Real GDP of year 1
Real GDP of year 2 = 1.50×100
Real GDP of year 2 = $150
Change in Real GDP = 0%
2a. Nominal GDP year 1
Nominal GDP year 1 = 1×100+1.5×100
Nominal GDP year 1 = $250
Nominal GDP year 2 = 2×100+3×100
Nominal GDP year 2= $500
Percentage change in Nominal GDP = 500-250/500 ×100
Percentage change in Nominal GDP = 100%
b. Real GDP year 1
Real GDP year 2 = 1×100 + 1.5×100
Real GDP year 2= $250
Percentage change in Real GDP = 0%
Inconclusion the percentage change in nominal GDP is 100%.
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During its most recent fiscal year, Dover, Inc. had total sales of $3,340,000. Contribution margin amounted to $1,570,000 and pretax income was $505,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question?a) $2,075,000.b) $2,835,000.c) $1,265,000.d) $1,065,000.e) $1,770,000.
Answers
Answer:
d) $1,065,000
Explanation:
suppose that a heightened risk of terrorist attack reduces consumer confidence, inducing people to save more. to stabilize aggregate demand, the fed should
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In response to the heightened risk of terrorist attacks that leads to reduced consumer confidence and increased savings, the Federal Reserve (Fed) should implement expansionary monetary policy to stabilize aggregate demand. Here's a concise explanation:
1. Lower interest rates: The Fed can decrease the federal funds rate, which will lower interest rates for consumers and businesses. This encourages borrowing and spending, thus stimulating aggregate demand.
2. Open market operations: The Fed can buy government bonds from financial institutions, increasing the money supply in the economy. This injects more liquidity into the financial system, making it easier for businesses and consumers to access credit, which can help boost spending and demand.
3. Quantitative easing: In case conventional monetary policy tools are not sufficient, the Fed can employ quantitative easing, which involves purchasing large quantities of assets, such as government bonds or mortgage-backed securities. This further increases the money supply and can help lower long-term interest rates, promoting economic activity.
4. Forward guidance: The Fed can provide clear guidance about its future policy actions, which helps manage expectations of consumers and businesses. By signaling that low-interest rates will persist for an extended period, the Fed can encourage borrowing and spending, supporting aggregate demand.
These measures help stimulate economic activity and counterbalance the negative effects of reduced consumer confidence on aggregate demand, maintaining stability in the economy.
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in a job interview, amanda tells the hiring manager that she is eager to learn and passionate about the work the company does. which personality test trait does this showcase?
a. respect
b. enthusiasm
c. confidence
d. friendliness
Answers
Answer:enthusiasm
Explanation:
The personality test trait this showcase is enthusiasm. Thus the correct option is B.
What is a Job interview?A job interview is referred to as an assessment technique used to evaluate the capabilities of an individual related to a particular job position. In a Job interview, a set of questions is asked by the employer to analyze the strength of an individual.
In the example presented, it is noted that Amanda informs the hiring manager during a job interview that she is eager to learn and enthusiastic about the work the company does.
Tests of practical techniques known as trait assessments are used to evaluate a person's personality and identify their personality traits.
In the given case, the personality test trait she is showing is enthusiasm as it reflects her excitement and interest to join the company. She portrays her thoughts to the hiring manager.
Therefore, option B is appropriate.
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Your store is 150 ft. x 70 ft. The security cameras you are planning to purchase each cover 400 square feet. You want to
cover the whole store. How many cameras do you need?
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Answer:
27
Explanation:
Answer:
Your store is 150 ft. x 70 ft. The security cameras you are planning to purchase each cover 400 square feet. You want to
Explanation:
Help needed....simple question to answer
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The two places where what you type show up in a spreadsheet are the active cell and The formula bar. The answer is option D
What is Active cell in spreadsheet?The active cell is the selected cell where by data is entered when you start typing. It is surrounded by black border. It is only a cell can be active at a time.
What is Formula BarFormula Bar is where data or formulas you enter into a worksheet appear for the active cell. The formula bar shows the content of the cell that is active or selected in Excel
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How far is 10% of a 2,000-kilometer trip?
Answers
Answer:
200km
Explanation:
2000 x 0.1 = 200
0.1 is the multiplier for finding ten percent
a fixed-price contract is useful and appropriate when
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List the closing cost items which require RESPA disclosure. What items may be excluded from disclosures under the act? What form can these disclosures take?
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The closing cost items which require RESPA disclosure are Loan origination fees, Appraisal fees, Credit report fees, Title search and title insurance fees, Attorney fees, Recording fees, Survey fees, Transfer taxes and Prepaid interest.
When buying a home, there are many costs associated with closing the deal, such as fees for appraisals, title searches, and insurance. The Real Estate Settlement Procedures Act (RESPA) is a federal law that requires lenders to provide homebuyers with disclosures regarding the closing costs associated with a mortgage loan.
The Real Estate Settlement Procedures Act (RESPA) is a federal law that regulates the process of closing a mortgage loan. One of the primary requirements of RESPA is that lenders must provide borrowers with a Good Faith Estimate (GFE) of the closing costs associated with the loan.
The GFE provides an estimate of the fees and charges associated with the loan and must be provided to the borrower within three business days of the loan application.
The RESPA also requires lenders to provide borrowers with a HUD-1 Settlement Statement, which is a detailed listing of all the closing costs associated with the mortgage loan. The HUD-1 Settlement Statement must be provided to the borrower at least 24 hours before closing.
The following are some of the closing cost items that require RESPA disclosure:
Loan origination feesAppraisal feesCredit report feesTitle search and title insurance feesAttorney feesRecording feesSurvey feesTransfer taxesPrepaid interestThere are also some closing cost items that are not required to be disclosed under RESPA, including:
Homeowner's insurance premiumsProperty taxesPrivate mortgage insurance (PMI) premiumsHome warranty feesThe forms that these disclosures can take include the Good Faith Estimate (GFE), which provides an estimate of the fees and charges associated with the loan, and the HUD-1 Settlement Statement, which provides a detailed listing of all the closing costs associated with the mortgage loan.
In 2015, the RESPA disclosures were updated to create the Loan Estimate and the Closing Disclosure forms. The Loan Estimate is given to borrowers within three business days of applying for a loan, and it provides an estimate of the fees and charges associated with the loan.
The Closing Disclosure is given to borrowers at least three business days before the loan closing, and it provides a detailed listing of all the closing costs associated with the mortgage loan.
In conclusion, the Real Estate Settlement Procedures Act (RESPA) requires lenders to provide borrowers with disclosures of the closing costs associated with a mortgage loan. The disclosure requirements include the Good Faith Estimate (GFE) and the HUD-1 Settlement Statement, which list the fees and charges associated with the loan.
The Loan Estimate and Closing Disclosure forms were introduced in 2015 and provide more detailed and streamlined information to borrowers. Certain closing cost items are excluded from disclosure under RESPA, including homeowner's insurance premiums, property taxes, and private mortgage insurance (PMI) premiums.
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Writ (T) for True and (F) for False Statements: All desires of human beings are known as ‘Demand’. Demand is inversely related with income of the consumer. Supply is the quantity which actually brought by the seller to sell in the market. The stock of perishable goods are similar to the supply quantity. Demand curve goes upward to the right, to show inverse relationship between price and demand for good. When the price of Giffen good increases, its’ demand also increases. Income demand means relationship between price and demand quantity. Size of population is also a determinant of demand. Individual demand means all quantity demanded by buyers in the market. Means and willingness are necessary factors to be demand. Fill in the Blanks by Suitable word Two major wheels of the economy are …….. and ……. …. … …. is the desire from sellers side. The major determinant of demand is … … The situations when law of demand is not applicable is known as its …. ….. Beggar’s desire is not regarded as demand, because he may not have … …. When price of one good affects to the demand for other good, this situation is known as … …. Demand is the effective desire backed by …. ….. and ……….. When price of a good increases, its demand …. ….. but the supply …… ….. Those goods, which can be consumed alternatively are termed as …. …… goods. ….… are those goods, whose demand rises when income the consumer decreases.
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Answer: (1) F, (2) F, (3) T, (4) F, (5) F, (6) T, (7) F, (8) T, (9) F, (10) T
Please check Explanation below for answers to section 2
Explanation: All desires of human beings are known as demand is False.
(1) Demand is the quantity of goods and services that a consumer is "willing" and "able" to buy at a "given price" and at a "particular point in time." Therefore, that someone desires a beautiful house does not constitute demand, but certain conditions must be present and one of such is his ability (that is money) to buy the house.
(2) Demand is inversely related with the income of the consumer is False.
On the contrary, demand is directly related with the income of the consumer, that is, both variables move in the same direction. Simply put, as the income of the consumer rises, his total demand for a commodity or service will also rise, and likewise if the income of a consumer falls, hos total demand for a commodity will also fall or reduce.
(3) Supply is the quantity which is actually brought by the seller to sell in the market is True.
This is the simplest way to put the definition of supply which is defined as the quantity of a commodity that a seller is willing to sell at a given price and at a given point in time.
(4) The stock of perishable goods are similar to the supply quantity is False.
The supply quantity includes the entire stock of goods that the seller or producer is willing to sell regardless of its status (perishable or not).
(5) Demand curve goes upward to the right, to show inverse relationship between price and demand for good is False.
Demand curve actually slopes downward to the right, and this shows an inverse relationship between quantity demanded and price of a commodity. That means, as the demand increases the price reduces, and as the price increases the demand reduces. This follows the law of demand which states that, "other factors being held equal, the higher the price the lower the quantity demanded and, the lower the price the higher the quantity demanded."
(6) When the price of Giffen goods increases, its demand also increases is True.
Giffen goods also known as inferior goods (or staple foods most often) are such that the consumers of such goods usually do not have better alternatives. Hence as the prices of such goods rise the consumer demands equally rise (contrary to the law of demand).
(7) Income elasticity of demand means relationship between price and demand quantity is False.
Income elasticity of demand is the relationship between the consumer income and the quantity demanded, and it measures the rate of response of the quantity demanded in relation to the rate of change in income.
(8) Size of population is also a determinant of demand is True.
The determinants or factors of demand are those that affect the level of demand, and when the population increases the level of quantity demanded will also increase, and vice versa.
(9) Individual demand means all quantity demanded by buyers in the market is False.
Individual demand is clearly distinct from market demand. Market demand is the totality of all the individual demands for a commodity.
(10) Means and willingness are necessary factors to have demand is True.
Just as explained in number (1) above, demand can only be effective if there is the means (money/resources) and the willingness to make a purchase. If these two conditions are not met, then desire for a commodity alone cannot be termed as demand.
Fill in the blanks by suitable words;
Two major wheels of the economy are Demand and Supply, Supply is the desire from sellers side. The major determinant of demand is Price. The situation when law of demand is not applicable is known as Abnormal demand. Beggar's desire is not regarded as demand, because he may not have ability. When price of one good affects the demand for another good, this situation is known as Substitute goods. Demand is the effective desire backed by Ability and willingness. When price of a good increases, its demand decreases but the supply increases. Those goods which can be consumed alternatively are termed as substitute goods. Inferior or Giffen goods are those good whose demand rises when the income of the consumer decreases.