Using the AS-AD framework, the current spike in oil prices (due to the Russian invasion of Ukraine) is interpreted as a ______which causes a____of the____
Which of the following is NOT TRUE, among the possible challenges faced by Central Bankers when setting monetary policy? (Answer accordingly to what the model develop in class would predict)
Price shocks are able to cause long-lasting changes in inflation that need to be addressed by monetary policy.
Computed potential GDP depends on the model used, thus being subject to debate.
If inflation this year is only influenced by demand conditions today, then it will have NO persistence.
What is the key difference between the IS-MP-PC model and the AD/AS model?
In AD/AS model, the government can not change its expenditure
In AD/AS model, the central bank can not change the interest rate
In AD/AS model, the government can not borrow
In AD/AS model, inflation is not sticky.
In AD/AS model, e central bank sticks to a rule
Answers
The current spike in oil prices is interpreted as a negative supply shock causing a decrease in aggregate supply. The statement that is NOT TRUE among the challenges faced by Central Bankers is "If inflation this year is only influenced by demand conditions today, then it will have NO persistence."
Using the AS-AD framework, the current spike in oil prices (due to the Russian invasion of Ukraine) is interpreted as a negative supply shock which causes a decrease in aggregate supply.
The statement that is NOT TRUE among the possible challenges faced by Central Bankers when setting monetary policy is "If inflation this year is only influenced by demand conditions today, then it will have NO persistence."
According to the model developed in class, inflation can have persistence even if it is only influenced by current demand conditions.
The key difference between the IS-MP-PC model and the AD/AS model is that in the AD/AS model, the central bank can change the interest rate, while in the IS-MP-PC model, the central bank sticks to a rule regarding the interest rate.
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Related Questions
a. calculate amy’s, bill’s, and carla’s marginal costs, and draw each of their marginal cost curves. place line a for amy's marginal cost, line b for bill's, and line c for carla's.
Answers
By completing these steps, you will have successfully calculated Amy's, Bill's, and Carla's marginal costs and drawn their marginal cost curves.
Let's discuss it further below.
To calculate Amy's, Bill's, and Carla's marginal costs and draw their marginal cost curves, follow these steps:
Step 1: Gather data
Collect the data of the costs and quantities produced for Amy, Bill, and Carla. This data should be available in the form of a table or as a function.
Step 2: Calculate marginal costs
Marginal cost is the change in total cost when producing one more unit of output. To find the marginal cost, use the following formula:
Marginal Cost = (Change in Total Cost) / (Change in Quantity)
Calculate the marginal cost for each additional unit produced by Amy, Bill, and Carla. Repeat this for each person.
Step 3: Plot marginal cost curves
Using the calculated marginal costs, create a graph with the quantity produced on the x-axis and the marginal cost on the y-axis. Plot each person's marginal cost data on the graph.
Step 4: Draw the marginal cost lines
Draw a line (Line A) for Amy's marginal cost, connecting the points from lowest to highest quantity. Do the same for Bill (Line B) and Carla (Line C). These lines represent their marginal cost curves.
Remember to label each line accordingly (A for Amy, B for Bill, and C for Carla) and add a legend to your graph for clarity.
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When trying to decide where to expand his operations, a small business owner studied several different nations. He analyzed each nation's balance of trade and balance of payments. This small business owner was:
Answers
By measuring the balance of trade of various nations, the business owner was measuring global trade.
What is balance of trade?It comprises of imports and exports. It shows whether a country is exporting more than it is importing.This will allow one to decide the business conditions in a country because countries with worse balance of trade import more and can be exported to.
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Karen makes custom jewelry. In order to sell her jewelry, Karen rents a small kiosk at the local mall for $50 per month. She must buy blank medallions, stones, and chains to make her custom necklaces. These supplies cost approximately $30. Karen sells her necklaces for $55 each. How many necklaces must she sell to cover her costs?
Answers
Answer:
She will break even each month / cover her costs by selling 2 necklaces
Explanation:
If it's $50 a month, that is Karen's total monthly costIt costs $30 to make each necklaceShe sells the necklace for $55 eachTotal profit for each necklace therefore = sales price - cost, or $55 - $30, which is $25 profit per necklaceTo cover rent, which is $50, you take rent / profit per necklace or $50 / $25 profit per necklace, which is 2 necklacesThose consumers who enter the market for the first time during the decline stage are known as Blank______. Multiple choice question. laggards late majority innovators late adopters
Answers
Laggards refer to consumers who enter the market for the first time during the decline stage.
In the product adoption lifecycle, laggards are the last group to adopt a new product or service. They tend to be hesitant and resistant to change, often preferring traditional or familiar options. Laggards are characterized by their reluctance to try new innovations and their tendency to adopt them only when they have become widely accepted or when their previous options are no longer available. They typically represent a small portion of the market and may have limited influence on market trends. Laggards' late entry into the market during the decline stage suggests that they have been slower to embrace the product compared to earlier adopter categories such as innovators, early adopters, early majority, and late majority.
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Help
Subject: Seasonal Product Vendors
>
се
Hi,
The Seasonal Product Team needs a vendor who can quickly adjust to changes in product demand. The Planning Team has sent
over a table comparing how the four available vendors have been performing. Can you identify which vendor to recommend?
Thank you,
Nadia Loomis
Task
Instructions
Rank order the vendors, keeping the Seasonal Product Team's needs in mind.
Flexibility
Customer Issues
Quantity Shipped
Shipped On Time
Rank
Vendor
1
D
.
.
1
.
2
K
.
.
3
V
.
.
.
.
4
Р
O
1
Answers
Based on the table provided, I would recommend Vendor K as the best option for the Seasonal Product Team's needs.
Vendor K appears to be the most flexible, with a high score of 4 for Flexibility, indicating their ability to adjust to changes in product demand. They also have a high score of 4 for Quantity Shipped, indicating their capacity to meet the required product demand.
In terms of customer issues, Vendor K has a score of 2, which is relatively low compared to the other vendors, indicating that they have fewer customer issues. Additionally, they have a score of 3 for Shipped On Time, which is the second-highest score among the vendors, indicating that they have a good track record of timely deliveries.
Overall, Vendor K appears to be the most well-rounded option for the Seasonal Product Team's needs.
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why is training important for a good job?plz answer
Answers
Advantages of training
Increased job satisfaction and morale among employees.
Increased employee motivation.
Increased efficiencies in processes, resulting in financial gain.
Increased capacity to adopt new technologies and methods.
Increased innovation in strategies and products.
A replacement computer will cost you $1,500, but save you $950 each year because of the faster processor. What is the payback period of the computer
Answers
If we save $950 each year due to faster processor, then the payback-period of computer is 1.58 years.
To calculate the payback period of the computer, we determine how long it takes for the cost savings to equal or exceed the initial-cost of the computer.
The "Initial-cost" of the computer = $1,500.00
Annual cost savings = $950.00
We know that : Payback Period = (Initial cost of computer)/(Annual cost savings),
Payback Period = $1500/$950
Payback Period ≈ 1.58 years
Therefore, the payback period of the computer is approximately 1.58 years.
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The given question is incomplete, the complete question is
A replacement computer will cost you $1,500.00, but save you $950.00 each year because of the faster processor. What is the payback period of the computer?
Suppose that you start off in long run equilibrium, where LRAS, SR, and AD meet altogether in one point. Explain what happens to price, real GDP, inflation, and unemployment in each of the following cases:
(a) The interest rate falls;
(b) Wage rate temporarily falls;
(c) The dollar appreciates relative to foreign currencies;
(d) Businesses temporarily expect higher resource prices in the future;
(e) Business taxes rise
Answers
(a) When the interest rate falls, it stimulates borrowing and investment, leading to an increase in aggregate demand (AD). As a result, both price levels and real GDP will rise. The increase in aggregate demand will lead to upward pressure on prices, causing inflation to increase. With increased investment and economic activity, unemployment is likely to decrease as businesses expand and create more job opportunities.
(b) If the wage rate temporarily falls, businesses' production costs decrease, leading to a decrease in their marginal cost (MC) and an increase in short-run aggregate supply (SRAS). As a result, both price levels and real GDP will increase. With lower production costs, businesses can lower their prices, which can lead to a decrease in inflation. However, the impact on unemployment depends on the elasticity of labor supply. If the wage decrease leads to a significant increase in labor supply, it could lead to an increase in employment and a decrease in unemployment.
(c) When the dollar appreciates relative to foreign currencies, it makes imports relatively cheaper and exports relatively more expensive. This leads to a decrease in net exports, reducing aggregate demand (AD). As a result, both price levels and real GDP will decrease. With decreased aggregate demand, inflation is likely to decrease. The decrease in economic activity can also lead to an increase in unemployment as businesses may reduce production and cut jobs.
(d) If businesses temporarily expect higher resource prices in the future, it can lead to an increase in their costs of production. This will result in a decrease in short-run aggregate supply (SRAS), leading to higher price levels and lower real GDP. With higher production costs, businesses may pass on the cost increases to consumers, leading to higher inflation. The impact on unemployment depends on the extent to which businesses adjust their production and hiring plans in response to the expected higher resource prices.
(e) When business taxes rise, it increases the cost of production for businesses. This leads to a decrease in short-run aggregate supply (SRAS), causing price levels to increase and real GDP to decrease. Higher production costs can lead to higher inflation as businesses pass on the tax burden to consumers. The increase in production costs may also result in businesses reducing their output and cutting jobs, leading to an increase in unemployment.
It's important to note that these are simplified explanations and the actual impact of these factors can be influenced by various other economic conditions and factors. Additionally, the magnitude and duration of the effects can vary depending on the specific circumstances and the overall state of the economy.
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a limit that a government places on the quantity of a product that may be exported or imported during a given period is called a ______
Answers
A limit that a government places on the quantity of a product that may be exported or imported during a given period is called a quota.
Give a brief account on imports.Imports can be divided into two categories:
both commercial and consumer itemsgoods and services that are in betweenCompanies import products and services to offer the domestic market at a lower cost and of higher quality than rival products produced domestically. Products that are unavailable on the local market are imported by businesses.
Importers can be divided into three categories:
Those wishing to import and sell any item from around the worldThose seeking the most affordable products by sourcing from abroadThose who incorporate overseas sourcing into their global supply chainA major retailer and an international producer work together to import goods into the country. This process is known as a direct import. Typically, a store will buy goods that can be produced abroad yet were created locally. Data on the value of imports and their quantities, frequently broken down by specific lists of products, are available in statistical collections on international trade published by the statistical services of intergovernmental organizations (e.g. UNSD, FAOSTAT, OECD), supranational statistica, and other organizations. In a direct-import program, the retailer avoids the local supplier (colloquially: "middle-man") and purchases the final product directly from the manufacturer, potentially saving in added cost.
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The company recorded revenues of $555,000, expenses of $420,000, and had paid dividends of $30,000. What was Kennedy's net income for the year?
Answers
The business reported $555,000 in sales, $420,000 in costs, and $30,000 in dividend payments. Kennedy's yearly net income was $135,000.
What is the net income of the salary?The amount received by an individual after all required deductions, such as taxes, have been made from their gross compensation is known as their net salary. This is the total amount that is deposited to the employee's bank account after all deductions have been made.
Sales less cost of goods sold, marketing, administrative and general costs, operational costs, depreciation, interest, taxation, and other charges are used to calculate sales. The difference between these two amounts is known as net income (NI), also referred to as net earnings. This number may be used by investors to determine how much an organization's revenue exceeds its expenses.
Revenues= $555,000
Expenses= $420,000
Net income= $555,000 - $420,000
Net income= $135,000
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The title of this talk is “Profit’s Not Always the Point.” But do you think profit is an added perk for companies that make the effort to promote positive social change? Explain.
Answers
yes, no matter what company say, they need money for funding for "social change"
In early 2009, General Electric (GE) had a book value of equity of $105 billion, 10.5 billion shares outstanding, and a market price of $10.80 per share. GE also had cash of $48 billion, and total debt of $524 billion. Three years later, in early 2012, GE had a book value of equity of $116 billion, 10.6 billion shares outstanding with a market price of $17 per share, cash of $84 billion, and total debt of $410 billion. Over this period, what was the change in GE's a. Market capitalization? b. Market-to-book ratio? c. Enterprise value?
Answers
Answer and Explanation:
1. The computation of Market capitalization is shown below:-
Market Capitalization in 2009 = Market Price × Outstanding Shares
= 10.5 × $105
= $1,102.5 billion
Market Capitalization in 2012 = Market Price × Outstanding Shares
= $17 × $10.6
= $180.2 billion
Changes in Market Capitalization = Market Price × Outstanding Shares
= $1,102.5 billion - $180.2 billion
= $922.3
b. The computation of Market-to-book ratio is shown below:-
Market to Book Ratio in 2009 = Market Value of Firm ÷ Book Value of Firm
= $1,102.5 billion ÷ $105 billion
= 10.5
Market to Book Ratio in 2012 = Market Value of Firm ÷ Book Value of Firm
= $180.2 billion ÷ $116 billion
= 1.55
Changes in Market to Book Ratio = Market to Book Ratio in 2009 - Market to Book Ratio in 2012
= 10.5 - 1.55
= 8.95
c. The computation of enterprise value is shown below:-
Book Debt to Equity Ratio in 2009 = Debt ÷ Book Value of Equity
= $524 ÷ $105
= 4.99
Book Debt to Equity Ratio in 2012 = Debt ÷ Book Value of Equity
= $410 ÷ $116
= 3.53
Changes in Book Debt to Equity Ratio = Book Debt to Equity Ratio in 2012 - Book Debt to Equity Ratio in 2009
= 3.53 - 4.99
= -1.46
cash receipts journals
Answers
Answer: theyre handy!
Answer:
cool lol
Explanation:
one joint of marijuana impairs a person more than having a blood alcohol content of _____ %.
Answers
hope this helps
One joint of marijuana impairs a person more than having a blood alcohol content of 0.1%.
What do you mean by blood alcohol content?A blood alcohol content (BAC) of 0.1% indicates that your blood contains 0.1% alcohol by volume. BAC is a measure of alcohol in the blood as a percentage. More harm can be done by one joint of marijuana than by 0.1% of alcohol.
Marijuana is a drug made from the marijuana plant. It can be used as a recreational drug and is a component of many medicines. It can speed up heartbeat, induce anxiety, and result in hallucinations.
Joint is a rolled cannabis cigarette
The most passionate debates over medicinal marijuana center not on its efficacy in treating patients' illnesses but rather on its potential for harm to both individuals and society as a whole.
This chapter first looks at the scientific evidence that users of marijuana suffer both bodily and psychological harm. Then it takes into account any possible social repercussions of approving marijuana use for medical purposes.
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-1 Name the Act that makes provision for employees to improve their work performance.
Answers
Supply and Demand: Tutorial
17 of
Part B
What is the relationship
between the price and the number of necklaces Rachael supplies?
Answers
Answer:
see below
Explanation:
There exists a direct relationship between the price of a commodity and the quantity supplied. Producers find it more profitable to increase supplier when the prices are high. As businesses are motivated by profits, high prices are likely to generate more profits. High prices are a motivation to supply large quantities.
If the price of necklaces goes up, Rachel will supply more to the markets. She will take advantage of the high prices to sell more and make bigger profits. Low prices lead to reduced profits or even losses. At low prices, Rachael will supply a few necklaces in the market.
Answer: As the price goes up, the number of necklaces she supplies goes up.
Explanation: edmentum / plato
While on a trip, the Mendoza family decided to buy a painting which cost 500. The art dealer would not accept a personal check or credit cards. What method could be used to pay for the painting
Answers
Net banking is the method could be used to pay for the painting, as the art dealer would not accept a personal check or credit cards.
What is Net banking?Netbanking, normally referred to as internet banking, is a computerized way to carry out financial written account online. Any person with a bank account can activate and use this computerized system for their financial transactions.
Net banking, ordinarily referred to as online banking, is always accessible. Customers have access to a variety of financial services through net banking, including the ability to open fixed deposits and recurring deposits, transfer funds, and examine transaction history.
Thus, net banking.
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Select the statement that does not identify a problem that suggests that the regulatory approach will prove inadequate over the long term.
Multiple Choice
a.It underestimates the ability of business to influence consumer choice.
b.It assumes that business fulfills its environmental responsibility when it responds to the environmental demands of consumers.
c.It underestimates the influence that business can have in establishing the law.
d.Itt assumes that economic growth is environmentally and ethically benign.
Answers
The articulation that does not distinguish an issue recommending that the administrative approach will demonstrate lacking over the long term is:
b.It assumes that the business fulfills its environmental responsibility when it responds to the environmental demands of consumers.
This explanation does not highlight an issue with the administrative approach. Instep, it proposes that when businesses react to natural requests from customers, they are satisfying their natural obligation.
This viewpoint accepts that businesses are responsive to shopper requests and will take fitting activities to address natural concerns.
On the other hand, choices a, c, and d highlight potential issues with the administrative approach.
Choice A focuses on that the administrative approach may belittle the capacity of businesses to impact buyer choices, possibly driving them to insufficient direction.
Choice c recommends that the administrative approach may think little of the impact that businesses have in setting up laws, which may lead to administrative capture or insufficient authorization.
Choice d shows that the administrative approach may expect that financial development is naturally and morally generous, possibly neglecting negative impacts and the requirement for stricter directions.
Subsequently, choice b does not distinguish an issue with the administrative approach, whereas alternatives a, c, and d raise concerns about its ampleness over the long term.
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If Ryan purchases a sandwich, he is using money as:
A. a medium of exchange
B. A unit of measure
C. A store of value
Answers
Answer:
a. a medium of exchange
Explanation:
i took the test
If Ryan purchases a sandwich, he is using money as a medium of exchange. Thus, the correct answer is option A.
What is money?Money is any item or verifiable record that is widely accepted in a particular country or socioeconomic context as payment for goods and services and repayment of debts, such as taxes. It is the medium in which prices and values are expressed.
The primary functions of money are- as a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment.
Ryan is purchasing the sandwich with the help of money. Money is exchanged for the sandwich, acting as a medium of exchange.
Therefore, Ryan is using money as a medium of exchange.
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Trudy’s monthly expenses are outlined in the chart below. Trudy’s job pays her $36,000 annually. Determine Trudy’s DTI (debt-to-income) ratio. Trudy's Debt and Income Income: $36,000 (annually) Rent: $695 (monthly) Car Payment $265 (monthly) Student Loan $200 (monthly) Credit Cards $160 (monthly) a. 28% b. 35% c. 37% d. 44%.
Answers
Trudy's Debt-to-income ratio is 44%.
Debt-to-income ratio is an example of a debt ratio. It measures the ability of income to cover debt.
Debt-to-income ratio = debt / income
Total Debt = monthly debt x 12
Monthly debt = rent + car payment + student loan + credit cards
$695 + $265 + $200 + $160 = $1320
Total Debt = $1320 x 12 = $15,840
Debt-to-income ratio = $1320 / $36,000 = 0.44 = 44%
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Explain three ways in which tertiary sector industries contribute to the economy
Answers
Answer: retail, health care, financial services, entertainment, and many others.
Explanation:
Compute the net taxable income related to Jeannie’s Abstracts.
Jeannie Nelson is an artist; she works part-time teaching art 2 days a week at a magnet art school in their town. She earned $12,000 in salary from Cocoa Beach, School of the Arts, the following items were withheld from her gross wages, $1,200 federal income taxes, $120 state income tax, $744 social security, and $174 Medicare. She is not covered under their insurance plan as she only works 15 hours a week. She also volunteers 5 hours a week with the Girl Scouts of America as an art instructor.
a) Jeannie is known for beautiful Arabian influenced abstracts. During May and August of this past year she had a virtual exhibition and sold paintings at each event. She estimates that the cost of each painting in canvas and supplies is about $425. a) The sales are as follows:
i) May - 19 paintings for a total of $ 24,000
ii) August – 12 paintings for a total of $ 18,000
b) She paints in a studio located in a separate building on the property of their home. The expenses related to the studio allocated on the basis of square footage are as follows:
i) Depreciation $3,600
ii) Taxes $1,900
iii) Utilities $3,400
Answers
Jeannie's total income:$54,000
Jeannie's allowable deductions:$14,175
Jeannie's net taxable income:$39,825
To compute Jeannie Nelson's net taxable income, we need to calculate her total income and subtract any allowable deductions. Let's break it down step by step:
1. Calculate Jeannie's total income:
- Salary from teaching art: $12,000
- Sales from May exhibition: $24,000
- Sales from August exhibition: $18,000
Total income: $12,000 + $24,000 + $18,000 = $54,000
2. Calculate Jeannie's allowable deductions:
- Cost of each painting (canvas and supplies): $425
- Number of paintings sold in May: 19
- Number of paintings sold in August: 12
Total allowable deduction: ($425 x 19) + ($425 x 12) = $14,175
3. Calculate Jeannie's net taxable income:
Net taxable income = Total income - Allowable deductions
Net taxable income = $54,000 - $14,175 = $39,825
Therefore, the net taxable income related to Jeannie's Abstracts is $39,825.
Note: This calculation is based on the given information. If there are additional deductions or expenses not mentioned, they should be included to calculate the accurate net taxable income.
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costs are part of the simple existence of a firm's plant and must be paid even when output is zero. True/False
Answers
The given statement" Costs are an inherent part of a firm's plant and they do not disappear even when output is zero" is True This is because a firm's plant incurs fixed costs that cannot be avoided or reduced regardless of the level of output.
These fixed costs are expenses that must be paid irrespective of whether a firm produces anything or not. For instance, rent, insurance, salaries, and interest payments on loans are fixed costs that do not depend on the level of production.
Moreover, a firm must also pay variable costs when it produces output. Variable costs increase or decrease based on the level of output, but they do not disappear when output is zero. For instance, a firm that produces cars incurs costs on raw materials, labor, energy, and transportation. Even if the firm stops producing cars, it still has to pay for these variable costs that are part of the production process.
Therefore, it is true that costs are an essential component of a firm's plant and must be paid even when output is zero. A firm cannot avoid these costs as they are necessary to maintain its physical infrastructure and to keep it operational. If a firm stops paying these costs, it risks losing its assets, its workforce, and its credibility in the market.
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As a factor of production, what is capital?
A. an industrial good
B. the natural resources used to create a product
C. the entrepreneur who sees how to make something useful
D. the tangible products made by labor
Answers
Answer:
Option "D" is the correct answer.
Explanation:
Labor produces tangible goods, which are referred to as capital. There are production-related man-made items such as machinery, vehicles, and chemicals. That is what sets them apart from commercial products.
Playbill magazine reported that the mean annual household income of its readers is $119,155 (Playbill, January 2006). Assume this estimate of the mean annual household income is based on a sample of 80 households and, based on past studies, the population standard deviation is known to be $30,000. [15 pts] a. Develop a 90% confidence interval estimate of the population mean. [5 pts] b. Develop a 95\% confidence interval estimate of the population mean. [5 pts] c. Develop a 99\% confidence interval estimate of the population mean.
Answers
Estimate population means annual household income using sample data, using confidence intervals at 90%, 95%, and 99%.
a. For a 90% confidence interval, we can use the formula:
Confidence interval = sample mean ± (critical value * standard error)
The critical value for a 90% confidence level is obtained from the t-distribution with degrees of freedom (n - 1).
With a sample size of 80, the degrees of freedom are 79. The standard error is the population standard deviation divided by the square root of the sample size.
b. Similarly, for a 95% confidence interval, the critical value is obtained from the t-distribution with 79 degrees of freedom.
c. For a 99% confidence interval, the critical value is obtained from the t-distribution with 79 degrees of freedom.
By plugging in the values and calculating the confidence intervals using the formulas mentioned above, we can obtain the range of the population mean at each confidence level.
In summary, confidence intervals are constructed to estimate the population's mean annual household income.
The intervals at 90%, 95%, and 99% confidence levels provide ranges within which the true population mean is likely to lie, based on the given sample data and known population standard deviation.
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The collection of alternatives a consumer actually considers when making a decision is known as the _______.
Answers
An evoked set serve as the brands which usually comes to the mind, when a consumer is in need of a product or service.
The term that explains the collection of alternatives a consumer that is been considered when making a decision is regarded as evoked set .An evoked set serve as the brands which usually comes to the mind, when a consumer is in need of a product or service.Therefore, evoked set is the correct term.
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frontier corporation sells units for $50, has unit variable costs of $20, and fixed costs of $300,000. if frontier sells 15,000 units, what is its degree of operating leverage?
Answers
Its degree of operating leverage is 3.00.
Define operating leverage.
The degree of operating leverage quantifies how much a company's operating income shifts in reaction to a shift in sales. Analysts can assess the effect of any change in sales on corporate earnings with the help of the DOL ratio. It is a metric for assessing the sensitivity of an organization's operational income to sales.
A percentage change in sales results in a proportional change in operating income, which is calculated by the degree of operating leverage. It is a reference to the financial ratio that calculates how changing sales affect operational income (EBIT).
Contribution margin is ($50 - $20) × 15,000 = $450,000.
Profit is $450,000 - $300,000 = $150,000.
Degree of operating leverage is $450,000/$150,000 = 3.
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Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character from Riverdale
Answers
Answer:veronica
Explanation:
sure
Answer:
yes i love riverdale my fav character is cheryl or betty
Explanation:
If a contract requires one party to commit an illegal act, the contract is necessarily
A. void
B. fraudulent
c. unconscionable
D. voidable
Answers
Answer:
Answer : A. Void
Explanation:
Just took the test
Estimating Bad Debts Expense and Reporting Receivables At December 31, Barber Company had a balance of $336,000 in its accounts receivable and an unused balance of $2,080 in its allowance for uncollectible accounts. The company then aged its accounts as follows. Current $276,800 1-60 days past due 38,400 61-180 days past due 13,600 Over 180 days past due 7,200 Total accounts receivable $336,000 The company has experienced losses as follows: 1% of current balances, 5% of balances 1-60 days past due, 15% of balances 61-180 days past due, and 40% of balances over 180 days past due. The company continues to base its allowance for uncollectible accounts on this aging analysis and percentages.
Answers
The estimated bad debts expense is $6,328 and the adjusted allowance for uncollectible accounts is $8,408.
To calculate the bad debts expense, multiply each receivable category's balance by its respective loss percentage:
1. Current: $276,800 x 1% = $2,768
2. 1-60 days past due: $38,400 x 5% = $1,920
3. 61-180 days past due: $13,600 x 15% = $2,040
4. Over 180 days past due: $7,200 x 40% = $2,880
Add the results to find the total estimated bad debts expense: $2,768 + $1,920 + $2,040 + $2,880 = $6,328.
Next, adjust the allowance for uncollectible accounts by adding the existing balance of $2,080 to the bad debts expense of $6,328: $2,080 + $6,328 = $8,408. This is the adjusted allowance for uncollectible accounts.
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