Price indexes can be used to compare prices across different periods. Suppose that a year of tuition for college at public institutions averaged a cost of â$ in 1989 and that the CPI index was in 1989. If the CPI index was inâ 2009, then the cost of tuition inâ 2009, as the result ofâ inflation, would equal â$ ___________. â(Enter your response rounded to the nearest wholeâ number.) Suppose that the actual average cost of tuition in 2009 was â$. Relative to the expected cost computedâ above, the cost of tuition increased by __________ the same as less than the amount of inflation.

Answer:

Department Store ---> Offers a range of choices and high-quality service

Supermarket ---> Generally deals with foods and beverages

Off-Price Retailer ---> Sells overruns, leftover goods, and salvage lots

Service Retailer ---> Includes hotels, movie theaters, and restaurants

When in the short run, a movement along the SRAS curve in a left to right manner will correspond to a decrease in unemployment.

When the SRAS curve shifts from left to right, it means that there is an increase in supply in the economy.

This increase in supply can only be possible if more people are employed to work in industries that produce goods and services. So an increase in supply will correspond to a decrease in unemployment.

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Based on the expenses that she spent on and the amount received, your friends Marginal Propensity to Consume is 0.1 or 10%.

Marginal propensity to consume can be found by the formula:
= Increase in consumption / Increase in income

The only consumption will be the $100 spent on the new grill.

MPC is:

= 100 / 1,000

= 10%

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Answer:

1. How does the business cycle directly impact the level of employment within an economy? Please discuss how each part of the business cycle would directly impact the need to employ workers.

Business cycles are the "ups and downs" in economic activity, defined in terms of periods of expansion or recession. During expansions, the economy, measured by indicators like jobs, production, and sales, is growing--in real terms, after excluding the effects of inflation.

2. How does GDP represent the health of an economy? Please list two ways that a GDP is representative of the overall strength or weaknesses of an economy.

Gross domestic product (the GDP) tracks the health of a country's economy. It represents the value of all goods and services produced over a specific time period within a country's borders. Economists can use GDP to determine whether an economy is growing or experiencing a recession. Investors can use GDP to make investments decisions a bad economy means lower earnings and lower stock prices.

Explanation:

It's just like what lahh56camm said.

Answer:

a) incremental net income

net income year 1 = ($16,500 - $3,500 - $8,000) x 0.65 = $3,250

net income year 2 = ($17,000 - $3,600 - $8,000) x 0.65 = $3,510

net income year 3 = ($17,500 - $3,700 - $8,000) x 0.65 = $3,770

net income year 4 = ($14,500 - $2,900 - $8,000) x 0.65 =$1,340

b) incremental net cash flow

cash flow year 1 = [($16,500 - $3,500 - $8,000) x 0.65] + $8,000 - $430 = $10,820

cash flow year 2 = [($17,000 - $3,600 - $8,000) x 0.65] + $8,000 - $480 = $11,030

cash flow year 3 = [($17,500 - $3,700 - $8,000) x 0.65] + $8,000 - $380 = $11,390

cash flow year 4 = [($14,500 - $2,900 - $8,000) x 0.65] + $8,000 + $1,670 = $12,010

c) project's NPV

NPV = -$32,380 + $10,820/1.13 + $11,030/1.13² + $11,390/1.13³ + $12,010/1.13⁴ = $1,093.13

Answer:

There will be no effect on the Trial Balance if a transaction is totally excluded. An error of omission occurs when a transaction is fully unreported in both aspects, or when a transaction is documented in the books of primary entry but never entered in the ledger.

1. Errors of omission

2. Errors of Commission

3. Errors of Principle

4. Compensating Errors

5. Complete reversal errors

6. Transportation errors

7. Duplication errors

Answer:

The suspense account is the main method used to detect errors that cause discrepancies between the debit and credit balances of the trial balance.

Explanation:

Answer:

a. Materials  = 38,200 units and Conversion Costs = 31,200

b. Materials  = $5.10  and Conversion Costs =  $13.00

c. Transferred out = $55,670 and Ending work in process = $48,000

Explanation:

First calculate the number of physical units completed and transferred to finished goods.

units completed and transferred to finished goods = beginning inventory units + units started during the period - ending inventory units

Therefore,

units completed and transferred to finished goods = 1,500 + 36,700 - 7,500

                                                                                     = 30,700

Calculation of Equivalents Units of Production for Materials and Conversion Costs.

1. Materials

Ending Work In Process Inventory (7,500 × 100%) =   7,500

Completed and Transferred  (30,700 × 100%)        = 30,700

Equivalents Units of Production for Materials         = 38,200

2. Conversion Costs

Ending Work In Process Inventory (7,500 × 10%)   =       750

Completed and Transferred  (30,700 × 100%)        = 30,700

Equivalents Units of Production for Conversion     =  31,200

Calculation of Unit costs for materials and conversion costs for the month.

Unit Cost = Total Costs ÷ Total Equivalent Units

1. Materials

Unit Cost = ($20,110 +  $174,710) ÷ 38,200

                = $5.10

2. Conversion Costs

Unit Cost = ($20,110 + $127,420 + $258,030) ÷ 31,200

                = $13.00 (2 decimal places)

Calculation of the  costs to be assigned to the units transferred out and in process.

1. Transferred out

Cost = Number of units completed and transferred × total unit cost

        = 30,700 × ($5.10 + $13.00)

        = $55,670

2. Ending work in process

Cost = Material Cost + Conversion Cost

        = (7,500 × $5.10) + (750 × $13.00)

        = $48,000

Answer: see attachment

Explanation:

Incremental cost is the total cost that is incurred by a company or an organization because of an additional unit of the good that's produced.

To calculate incremental cost, the additional expenses that are involved during production process, will be taken into consideration.

Check attachment for the solution.

Answer:

                              Production cost worksheet

Flow of production             Physical unit Direct materials Conversion

Beginning work in process   10,000

Starting during period          20,000

To account for                       30,000

Unit Completed                      25,000             25,000              25,000

Ending WIP                              5,000               5,000                 3,000

Accounted For                         30,000              30,000             28,000

Cost                                          Total    Direct materials  Conversion

Beginning WIP                         8,600           6,000               2,600

Cost added during period      47,000         30,000             17,000

Total cost to account for A     55,600         36,000             19,600

Equivalent units                                             30,000            28,000

Equivalent units cost A/B        1.9                   1.2                   0.7

Assignment of cost

Cost of transferred out      47,500 (25,000 *1/9)

Ending wip:

Direct materials                   6,000 (5,000*1/2)

Conversion                          2,100(3,000*1/2)

Cost accounted for            55,600

Answer: a. Sales offer little guidance or direction to those responsible for planning and developing the advertising program.

Explanation:

Advertisement is when a particular good.or service is being promoted so as to increase the sales and generate more profit.

Sales is the selling of goods or rendering of a particular service by a business to its consumers.

In this case, the likely problem for a manager who uses sales as a measure of advertising effectiveness will be that sales offer little guidance or direction to those responsible for planning and developing the advertising program. When sales is used to determine how successful an advertising is, it gives little guidance to those in charge of developing the program.

The value of the share options received is $3,276.

A share option is a right that an employer gives to an employee to purchase some shares at a fixed price in the future.

The value of the share options that are received is determined by the number of shares and the prevailing share price at the time when the share options are granted.

Thus, the value of the share options received is $3,276.

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Answer:

The contract was voidable at her option.

Explanation:

The contract was voidable at her option, this is voidable as well as she have a prove that really shows that she was really intoxicated when the Charlotte a diamond necklace worth thousands of dollars for just $100 was sold and the terms and conditions want understood by her at that time. Then with that Charlotte can return of her necklace.

Answer:

a. Adjusting Journal entry Accounts/ Explanations Debit Credit Bad Debts Expense $10,600 Allowance for Doubtful Accounts

Answer: Not necessarily: The debt ratios are not directly comparable, since each company is in a different industry.

Explanation:

We cannot authoritatively state that even though Boeing has such a high debt rate, that it is a riskier company than either Microsoft or PG&E. This is due to the drawback in ratio analysis of bias if compared across different industries.

Ratio analysis best works when comparing companies in the same industry because their situations will be similar. Comparing across industries can be misleading because different industries operate in different ways. In the Airplane manufacturing business for instance, having a high amount of debt due to having the tangible assets to back it up might be a normal thing.

The debt ratios are therefore not directly comparable because each company is in a different industry.

Answer:

When working on a group project, studying and working within a group will be a necessity, so you need to make it work for you! Studying in groups has its advantages and disadvantages, but the trick is to know when to resort to solo studying and when to go for group studying. Studying with a partner is a valuable way to learn as students help one another at overcoming weak points.

Advantages of Studying in Groups

1. Brainstorming

Studying in groups allows students to share their different thoughts with one another. This notion usually leads to a better learning process, since brainstorming generates new ideas and thus, students learn the same thing but with different perspectives. Open discussion enhances thinking skills and will give you access to others information and as a result, broadens your mind.

2. Clarification Discussions

Students are different and they perceive the same information differently. You can always ask your study mate to clarify a vague point for you and vice versa. Also, this action increases retention and reinforces the ideas, because the more the information is repeated the stronger the memory will be.

3. Motivation Booster

Group studying is the best procrastination solution as it breaks the monotonous learning process and it makes you attentive to what the others are saying. Mock tests and trial quizzes assist those struggling with course materials and those extracting tests and quizzes from them as well.

Disadvantages of Studying in Groups

1. Distraction

The benefits of group studies are a lot but there are also some cons to group studying. You may find it tiresome to stay focused when studying in a group. Sometimes the conversation shifts from studying to trendy events maximizing distraction. Studying alone might be helpful if you need undivided attention to the materials at hand.

2. Lack of Efficiency

Group studying hampers creativity and efficiency and when there are exams on the horizon, efficiency should be the priority. Studying alone will give you time and space to do your personalized studying. Also, when alone, you can focus freely on a certain part because you know you need to and skip other parts that you have already mastered. This allows you to manage your time wisely and prioritise your tasks.

3. Impersonalized Learning

Our brains conceive information differently, and in order to digest information correctly, you have to do it your own way, not another’s. When studying in a group, you might be studying at someone else’s pace, whether it is too fast or too slow, it will not help you with learning. Also, you might lose track of your own questions and the difficulties you might be facing with the subject at hand because students mostly do not want to diverge from the group. Creating personalized study plans for suture references will also save much time if the student loves to follow a plan and a schedule while studying.

Preferring one way over another does not necessarily mean that it is better; however, it simply means that people choose what suits their characters best. For example, a social person might find it difficult to study alone and find it more appealing to talk to people to learn and on the other hand, another social person will choose to study alone because he gets distracted easily with people and he can focus better when alone. In a nutshell, there is no way advantageous than the other; everyone has his own studying methods and each has its advantages and disadvantages.

Answer:

O recedes

Explanation:

A recession is a business cycle characterized by a  general decline in economic activities. Recession may occur as a result of reduced spending in the economy that adversely affects the aggregate demand. The recession cycle usually lasts for a couple of months.

Businesses that start and survive during tough times have a greater chance of succeeding. After a recession, the economy experiences the recovery cycle, followed by a boom. The recovery and boom sessions present excellent opportunities for young businesses to grow and thrive.

Based on the fact that the organized group represents entities in the same industry, it is most likely a trade association.

A trade association is a organized group whose members are from the same industry and include both businesses and workers.

The purpose of these associations is to further the interest of the industry by lobbying the government and engaging in public relations.

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Answer:

B. Y

Explanation:

Equity is the shareholder's wealth in a business. It is the remainder of subtracting liabilities from assets.

Equity is made up of the shareholder contribution plus retained earnings.

For the current financial year, the retained earnings will be calculated by subtracting dividends and expenses for the revenue.

Retained earning =  $100,000 - $70,000  -$5,000

Retained earnings= $25,000

Equity has increased by $25,000

Answer: See explanation

Explanation:

The bank reconciliation as of October 31 from the above information has been attached.

After the calculations, we can see that the reconciled balance was $761.

NB: The error of $9 was gotten as:

= $65 - $56

= $9

Other necessary information can be seen from the attachment.

Based on the fact that Sara Lee moved away from her Hanes hosiery line to fortify her famous food brands, this is known as a contraction defense strategy

This refers to the creation of a new identity for a product that is easily identifiable and sets it apart from other products.

With this in mind, we can see that because Sara Lee made a focus on her popular famous food brands by moving away from other popular products, this was done in a defensive measure known as the contraction defense strategy.

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Answer:

It's A. 11.40 per machine-hour

Explanation:

IT'S AAAAAAAAAAAAAA

Answer:

The answer is A .

Explanation:

Answer:

Crimson Tide Corporation

 Accounts Titles             Debit      Credit

1. Dividends                     $800

  Cash                                          $800

To record payment of dividends.

2. Accounts Receivable $3,400

   Service Revenue                     $3,400

To record provision of services on account.

3. correct

4. Cash                          $400

   Accounts Receivable                $400

To record the receipt of cash on account.

5. Accounts Payable    $1,200

   Cash                                           $1,200

To record payment on account.

Explanation:

The correct entries have been provided as above.  The first step in recording transactions in the journal is to recognize the accounts involved.  Then, identify which account is to be debited and which is to be credited, following basic accounting principle and based on the accounting equation of Assets = Liabilities + Equity.

Answer:

c. higher unemployment rate. If a larger portion of the adult population were teenagers , the natural rate of unemployment would be higher.

Explanation:

As provided teenagers have more frequent unemployment spells that means that the population of teenagers is usually unemployed, as they spend most of  their time searching for the jobs  rather than actually grabbing and working.

Whereas usually adults settle down and find a descent job, and work on such job. Accordingly they do not contribute much to unemployment.

Accordingly if more of the adults were of teenage then the rate of unemployment would drastically be high.

A Bulk Transfer of Goods is the sale of a substantial part of an enterprise that is not in the ordinary course of business,

A bulk transfer or sale refers to an arrangement whereby a business sells all or nearly all of its inventory to a single buyer and such a sale is not part of the ordinary course of business.

Hence, it is the sale of a substantial part of an enterprise that is not in the ordinary course of business,

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Answer:

increase

listening to the law when a supplier increases the price their supply increases the quality aswell!!

Answer:

Date: 31 December, 2017

a.

Wages Expense      6000 Dr

     Wages Payable       6000 Cr

b.

Depreciation expense                   11560 Dr

   Accumulated depreciation                 11560 Cr

Office supplies expense           6240 Dr

    Office supplies                             6240 Cr

c.

Insurance expense            2600 Dr

    Prepaid Insurance              2600 Cr

d.

Interest Receivable       1000 Dr

    Interest Revenue              1000 Cr

e.

Interest expense       3500 Dr

    Interest Payable         3500 Cr

Explanation:

a.

The wages expense should be recorded as wages relate to this year. As they are not paid, a liability of wages payable should be credited.

b.

The depreciation expense for the year is recorded and a credit to accumulated depreciation is made.

The office supplies expense should be calculated by taking the office supplies at the start of the year and adding the purchases and deducting the closing inventory.

Supplies expense = 490 + 6444 - 694 = 6240

c.

The prepaid insurance is an asset and the difference between the opening and closing balance of prepaid insurance is the expense for the year that is 5000 - 2400 = 2600

d.

The interest revenue relates to this year and should be recorded as credit to interest revenue and a debit to an asset of interest receivable.

e.

The interest expense relates to this year and should be recorded as interest expense debit and interest payable which is a liability as a credit.