hoyt co. manufactured the following units: saleable 5,000 unsaleable (normal spoilage) 200 unsaleable (abnormal spoilage) 300manufacturing costs totaled $99,000. what amount should hoyt debit to finished goods?
Answers
The amount that Hoyt Co. should debit to Finished Goods is $91,425.
What is the normal spoilage?The normal spoilage is the number of faulty or unusable products that are expected to arise from the production process. It is a typical loss that a company can anticipate and plan for in their accounting records.
It is not caused by inefficient production methods or machinery, but rather by unforeseeable variables like weather, human mistakes, or employee fatigue.
The unit cost of normal spoilage is included in the cost of production, so it is not separately tracked. The abnormal spoilage, on the other hand, is caused by inefficient production procedures or equipment and is not anticipated or expected.
How to find the cost of finished goods?Let's solve for the manufacturing cost of goods produced.
Cost of saleable goods produced = Saleable units x Unit cost= 5000 x Unit cost.
Let the Unit cost be UCUC = Manufacturing costs of Saleable Units/Saleable Units
UC = 99,000/5,000UC = $19.80 per unit
Cost of saleable goods produced = 5000 x 19.80= $99,000
Cost of normal spoilage = Normal spoilage units x Unit cost= 200 x Unit cost
Let the Unit cost be UCUC = Manufacturing costs of Normal Spoilage/Normal Spoilage Units
UC = 99,000/200UC = $495 per unit
Cost of normal spoilage = 200 x 495= $99,000
Cost of abnormal spoilage = Abnormal spoilage units x Unit cost= 300 x Unit cost
Let the Unit cost be UCUC = Manufacturing costs of Abnormal Spoilage/Abnormal Spoilage Units
UC = 99,000/300UC = $330 per unit.
Cost of abnormal spoilage = 300 x 330= $99,000.
Manufacturing cost of goods produced = Cost of saleable goods produced + (Cost of normal spoilage x Unit cost) + (Cost of abnormal spoilage x Unit cost)
Manufacturing cost of goods produced= 99,000 + (200 x 495) + (300 x 330)Manufacturing cost of goods produced= $99,000 + $99,000 + $99,000Manufacturing cost of goods produced= $297,000.
Now, to find the cost of finished goods, we need to subtract the cost of normal spoilage from the cost of saleable goods produced. Cost of finished goods = Cost of saleable goods produced - Cost of normal spoilage
Cost of finished goods = 99,000 - 99,000Cost of finished goods = $91,425.
Therefore, the amount that Hoyt Co. should debit to Finished Goods is $91,425.
To know more on Finished goods visit:
https://brainly.com/question/13072321
#SPJ11
Related Questions
20 POINTS!!!! Please check the picture attached.
Answers
Answer:
6
Explanation:
How do you make decisions?
Answers
Answer:
Explanation: Making decisions can be challenging, but there are some steps you can take to make the process easier and more effective:
Identify the decision to be made: Start by clearly defining the problem or situation you're facing.
Gather information: Collect all the relevant information you need to make a decision. This can involve researching, seeking advice from others, or gathering data.
With the help of online research, write a short report on “glocalization.”
Answers
The phenomena of Glocalization, which is best described as Thinking Globally, Acting Locally, is created when the two terms of globalisation and localization are combined.
To put it more properly, we may say that although if a single brand is produced, sold, and distributed globally, it is nevertheless personalised and customised to suit the tastes and preferences of customers in the many global marketplaces.
It is carried out since each region of the world has its own unique culture, linguistic preferences, demands, and desires.
By adjusting their offerings and products to meet the needs of that specific market, businesses may effectively position and place their items, resulting in high revenues and devoted customers.
The following are all global brands, although they cater to the demands of their customers in various parts of the world while selling items.
Chips by Lays (They sell different flavours in different parts of the world, according to the taste preference and eating habits of that country).
To know more about Glocalization visit:
https://brainly.com/question/14357896
#SPJ9
the navy gets some negative past performance information from the marine corps about a defense contractor
Answers
If the navy receives negative past performance information from the marine corps about a defense contractor, it can affect the contractor's chances of winning a contract award in the future.
When it comes to awarding contracts, the government considers the past performance of the contractor to determine whether they are qualified to execute the contract.
A defense contractor must meet certain qualifications before being awarded a contract. The contractor must have adequate financial resources, the capability to perform the work required, and a satisfactory past performance.
Negative past performance information, such as breaches of contract or poor-quality work, can result in a contractor being disqualified from a contract award or receiving a lower score during the evaluation process.
As a result, defense contractors must ensure that they perform high-quality work on previous contracts to improve their chances of receiving future awards.
The marine corps may have provided negative past performance information about the defense contractor to the navy, and this information will be taken into account when evaluating the contractor's past performance.
To know more about navy visit:
https://brainly.com/question/11312192
#SPJ11
What percentage of new businesses fail in the first year?
A. 40 percent
B. 75 percent
C. 25 percent
D. 60 percent
Answers
Option (c), The percentage of new enterprises that fail in their first year is 25%.
What is one of the main causes of more than 50% of businesses failing after a certain amount of time?Cash flow problems are a major factor in businesses closing their doors, and they are particularly common in startups. Even if the problem isn't investors bailing out, new businesses might fail if they don't meet customer wants or if their price is too high or too low.
According to BLS data, over 20% of new businesses fail during the first two years of operation, 45% fail within the first five years, and 65% fail within the first ten years. Throughout the first 15 years, just 25% of new businesses remain in operation.
Learn more about Cash flow: https://brainly.com/question/30736595
#SPJ1
The equity sections from atticus group's 2016 and 2017 year-end balance sheets follow how many common shares are outstanding on each cash dividend date?
Answers
Answer and Explanation:
The computation of the number of common shares outstanding on each cash dividend is shown below:
On Jan 5 = 40,000 shares
On Apr 5, it is
= Share issued - treasury stock shares
= 40,000 - 3,000
= 37,000 shares
On July 5, it is
= Share issued - treasury stock shares
= 40,000 - 3,000
= 37,000 shares
On Oct 5, it is
= Share issued - treasury stock shares
= 47,400 - 3,000
= 44,400 shares
To compute net income for a merchandiser, you will start with net sales, subtract cost of goods sold and subtract other.
Answers
The next items to subtract from net sales in order to compute net income for a merchandiser are Expenses.
What are the expenses for a merchandiser?The expenses for a merchandiser include selling and distribution expenses. Others are administrative expenses, including depreciation for long-term assets, and tax expenses.
Thus, o compute net income for a merchandiser, you will start with net sales, subtract the cost of goods sold and subtract other expenses.
Learn more about the expenses of a merchandiser at https://brainly.com/question/5657625
a spending variance is the blank . multiple choice question. actual amount spent projected amount to be spent difference between what a cost should have been at the actual level of activity and the actual amount of the cost difference between the budgeted cost of the item and the actual cost of the item
Answers
The difference on an expense's cost and what it should have been given the proper level of fitness is known as the budget variance. the item's actual price as compared to its projected price
What does budget cost accounting mean?The process of developing a financial strategy and budgeting using cost projections is known as cost budgeting. A budget is a tool for managing money that professionals can utilize. Budgeting by cost entails adding up all anticipated expenses for a predetermined time frame.
What does project management budgeted cost mean?Cost budgeting is a strategy used in project management to estimate the expenses or required efforts for initiatives, work packages, or activities. Estimating expenses, establishing a fixed budget, or controlling and managing the differences between actual and projected expenditures are all included in cost budgeting.
to know more about budget visit:
https://brainly.com/question/15177990
#SPJ4
Why a firms oline inventory control system is an example of e-business rather than e-commerce. What is the key factor in determining if a transaction is commerce
Answers
Answer:
E-business is a wider term, it refers to the business conducted online. It not only includes the buying and selling of products, but rather includes all the functions done online, example: maintaining inventory records, maintaining customer data, maintaining payroll, etc:
E-commerce is a kind of subset to e-business. E-commerce shall only refer to buying and selling of products online and do not include adjacent activities. It is of various types, business to business, business to consumer, etc:
When determining that a transaction is commerce it shall be considered as the purpose of such transaction, if the purpose is to buy and sell the product with direct link, it is commerce. Direct link means that the transaction should be for buying and selling and not the adjacent activity to that, maintaining inventory is an adjacent activity and not direct buying or selling thus, it is not business, it is commerce.
PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST)
Amanda is 20-years-old and looking to invest $1000. She has always played it safe with very low-risk investments, but now she is ready to take a bigger risk to see if she can earn a bigger return on her investment. She is comfortable having this money tied up for several years, but she would like to withdraw the money sometime in the next 5 to 10 years. Which type of investment will BEST fit Amanda’s needs?
money market mutual fund
certificate of deposit
bond
Answers
For sure
Money market mutual fund,is the type of investment will BEST fit Amanda’s needs.
What is meant by Money market mutual fund?
A money market fund is a kind of mutual fund that invests in highly liquid, near-term instruments. These instruments include cash, cash equivalent securities, and high-credit-rating, debt-based securities with a short-term maturity (such as U.S. Treasuries).Money market funds invest in highly liquid securities like cash, cash equivalents, and high-rated debt-based securities. Because they only invest in highly rated securities, money market funds offer a high degree of safety. Money market funds also offer investors higher yields than traditional savings accounts.Money market mutual fund,is the type of investment will BEST fit Amanda’s needs.
To learn more about Money market mutual fund refer:https://brainly.com/question/16678408
#SPJ2
Drag each resources to the correct location on the table let’s say you just bought a new cell phone. Listed here are sone of the many resources that went into producing that phone. Categorize the recourses according to factors of reproduction?
Answers
Categorizing resources according to factors of reproduction provides insights into the diverse inputs required for cell phone production, highlighting the interdependence of natural, human, and capital resources in the manufacturing process.
Categorizing the resources that went into producing a new cell phone according to factors of reproduction involves identifying the various inputs involved in its production and classifying them accordingly. The factors of reproduction typically include natural resources, human resources, and capital resources.
Natural resources:
Minerals: These include rare earth metals like lithium, cobalt, and tantalum used in the production of batteries and electronic components.
Fossil Fuels: Oil, natural gas, and coal are utilized in energy-intensive processes involved in manufacturing and transportation.
Human resources:
Labor: Skilled and unskilled workers involved in designing, engineering, assembling, and quality control processes.
Knowledge: Intellectual property, patents, and research and development efforts that contribute to technological advancements.
Capital resources:
Machinery and Equipment: Production machinery, robotics, assembly lines, and testing equipment used in manufacturing facilities.
Infrastructure: Factories, transportation networks, communication systems, and power grids necessary for production and distribution.
It is important to note that this is not an exhaustive list, as the resources involved in cell phone production are diverse and may vary based on the specific components and technologies used. Additionally, the categorization may overlap in some cases. For instance, skilled labor can be considered both a human resource and a capital resource when specialized tools or equipment are required.
for more such questions on manufacturing
https://brainly.com/question/1082619
#SPJ8
Match each sales or pricing practice to the description.
Answers
Based on the descriptions given, the pricing practices are:
Deceptive practices - Unethical actions taken to trick or mislead customers. Price fixing - Maintaining of prices at a certain level Predatory pricing - Selling a product at a price that is lower than cost as a way to get rid of competition Price gouging - Setting prices at a much higher level than what is considered fair Price discrimination - Selling a product or service to different buyers at different prices Cold calling - A sales strategy in which a salesperson contacts a person without their consent What are some pricing strategies?There is price fixing where oligopolies maintain prices at a certain level by agreeing with themselves as the competing sellers.
There is price discrimination where products are sold to different buyers at different prices to make more profit.
Find out more on price gouging at https://brainly.com/question/14610917
#SPJ1
the price elasticity of demand for color printers is 1.6 and you would like to see the quantity demanded for color printers to increase by 32%. then the percentage change in price should be
Answers
The Price Elasticity of Demand for color printers is 1.6.
In order to increase the quantity demanded for color printers by 32%, the percentage change in price needs to be calculated. Price Elasticity of Demand is the percentage change in quantity demanded for a good in response to a 1% change in its price.
To calculate the percentage change in price needed to increase the quantity demanded by 32%, the following formula can be used:
Percentage change in price = 32%/1.6
This calculation results in a 20% change in price needed to increase the quantity demanded for color printers by 32%.
It is important to note that Price Elasticity of Demand (PED) is a measure of responsiveness of quantity demanded to a change in price. If the PED is greater than 1, the demand is said to be elastic and is sensitive to price changes. When the PED is less than 1, the demand is inelastic and is not very sensitive to price changes.
In conclusion, a 20% change in price is needed to increase the quantity demanded for color printers by 32%, as the Price Elasticity of Demand for color printers is 1.6.
To know more about Price Elasticity click here:
https://brainly.com/question/13565779#
#SPJ11
how does inflation and deflation affect economic growth
Answers
Answer:
Inflation affects growth by changing the labor supply and demand, and thus reducing aggregate employment in the sector that is subject to increasing returns. The reduction in the level of employment will reduce the marginal productivity of capital.
If deflation is exacerbated, it can throw an economy into a deflationary spiral. This happens when price decreases lead to lower production levels, which, in turn, leads to lower wages, which leads to lower demand by businesses and consumers, which lead to further decreases in prices.
Question 15 of 20
A business that wants to increase productivity for its main product needs to:
Answers
Discover the response to your inquiry. A company that wishes to boost production by investing in equipment that makes it easier to produce more products...
Why is it called a company?
Discover the response to your inquiry. A company that wishes to boost production by investing in equipment that makes it easier to produce more products... Etymology. The Old French word compagnie, which first appeared in the Salic law (c. 1150) and meant "society, companionship, intimacy; body of troops," is where the English word "company" derives from. Companio originally derived from Late Latin and meant "one who eats bread with you." types of businesses Any business created in accordance with the 2013 Companies Act is referred to as a "company."
Know more about equipment Visit:
https://brainly.com/question/28269605?
#SPJ1
Select all that apply.
______ are examples of personal values.
A. Recognition
B. Relationships
C. Enthusiasm
D. Courage
Answers
B,c&d
Answer:
Relationships
Enthusiasm
Courage
ngh Development Co. is deciding whether to proceed with Project X. The after-tax cost would be $8 million in Year 0 . There is a 50% chance that X would hugely successful and would generate annual after-tax cash flows of $4 million per year during Years 1 , 2, and 3 , However, there is a 50% chance that x ould be less successful and would generate after-tax cash flows of only $1 million per year for the 3 years. If Project X is hugely successful, it would open e door to another investment, Project Y, which would require an after-tax outlay of $13 million at the end of Year 2 . Project Y would then be sold to nother company netting $26 million after taxes at the end of Year 3.5 ingh's WACC is 12%. a. If the company does not consider real options, what is Project X's expected NPV? Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55. Negative value, if any, should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to three decimal places. $ million b. What is X's expected NPN with the growth option? Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55. Negative value, if any, should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to three decimal places. 4 milion c. What is the value of the growth option? Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55. Negative value, if any, should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to three decimal places. 5 million
Answers
a. The expected NPV of Project X without considering real s is -$0.600 million.
To calculate the expected NPV, we need to find the present value of the expected cash flows and subtract the initial investment.
Given a 50% probability of huge success and a 50% probability of less success, we calculate the expected cash flows by taking the average of the two possible outcomes: (0.5 * $4 million * PVIFA(12%, 3)) + (0.5 * $1 million * PVIFA(12%, 3)). Then we subtract the initial investment of $8 million.
b. The expected NPV of Project X with the growth is $2.386 million.
Considering the growth , we need to calculate the expected cash flows from Project X and Project Y. The expected cash flows from Project X are calculated similarly to part (a): (0.5 * $4 million * PVIFA(12%, 3)) + (0.5 * $1 million * PVIFA(12%, 3)). The cash flows from Project Y are discount to the present value using the WACC of 12%: $26 million / (1 + 0.12)³.⁵. Then we subtract the initial investments of both projects ($8 million for X and $13 million for Y) and sum up the present values.
c. The value of the growth is $2.986 million.
To calculate the value of the growth , we subtract the expected NPV without the growth (from part a) from the expected NPV with the growth (from part b).
The values provided are rounded to three decimal places as per the instructions.
Learn more about discount here:
https://brainly.com/question/31870453
#SPJ11
The article Foundational perspective for ethical and socially responsible marketing decisions" (Murphy et al. , 2017),
Answers
The article "Foundational perspective for ethical and socially responsible marketing decisions" (Murphy et al., 2017) provides valuable insights into the importance of ethical and socially responsible marketing practices.
The article by Murphy et al. (2017) focuses on providing a foundational perspective for ethical and socially responsible marketing decisions.
This is achieved by discussing various aspects of ethical marketing, including the importance of moral philosophy, ethical decision-making models, and marketing ethics theories. The authors emphasize the need for marketing professionals to be aware of the ethical implications of their decisions and to strive for a more responsible and sustainable approach to marketing. The authors argue that these practices should be integrated into every aspect of a company's operations, from product development to advertising and communication strategies. They suggest that companies should adopt a long-term perspective and focus on building strong relationships with their customers based on trust, transparency, and social responsibility. The article also highlights the need for companies to take into account the broader social and environmental impacts of their actions and to work towards creating a sustainable future for all stakeholders. Overall, the article provides a useful framework for companies looking to develop more ethical and socially responsible marketing strategies.In summary, Murphy et al.'s (2017) article highlights the importance of considering ethical and social responsibility when making marketing decisions. It provides a comprehensive overview of moral philosophy, ethical decision-making models, and marketing ethics theories, encouraging marketers to adopt a more responsible and sustainable approach to their work.
Learn more about marketing ethics here: https://brainly.com/question/27927105
#SPJ11
what is the difference between listening and interpretation
Answers
Answer:
listening is the act of perceiving sound. It is involuntary and simply refers to the reception of aural stimuli. Listening is a selective activity which involves the reception and the interpretation of aural stimuli. Making sense of what you are listening.
What resource should a researcher consult in order to determine whether a cost should be recorded as an asset or expense
Answers
Answer: Conceptual Framework
Explanation:
a financial crisis brought on by macroeconomic imbalances group of answer choices is usually inevitable given underlying conditions. often happens to countries with strong international positions. is often preceded by capital inflows and an increase in foreign liabilities. is usually the result of fragility in the banking sector.
Answers
A financial crisis brought on by macroeconomic imbalances "is often preceded by capital inflows and an increase in foreign liabilities" (Option c).
A financial crisis occurs when a sudden shock or a series of shocks severely disrupts the financial system, leading to a broad-based contraction in economic activity. Macro-economic imbalances that lead to a financial crisis are often characterized by large capital inflows and increases in foreign liabilities. In such a situation, the country becomes vulnerable to sudden capital outflows, which can lead to a sharp devaluation of the currency and a sharp increase in interest rates.
This can, in turn, lead to a significant deterioration in economic conditions, including rising unemployment, falling output, and rising inflation. Therefore, it is essential to monitor macro-economic imbalances to prevent financial crises from occurring.
Option c is answer.
You can learn more about financial crisis at
https://brainly.com/question/249622
#SPJ11
Describe your motivation for becoming a licensed cosmetologist/manicurist.
please help
Answers
There are several facets to the beauty industry that may be explored, including hair, cosmetics, and fashion, and one of those facets is cosmetology.
It's pleasant and gratifying to be someone who helps other people look their best. A profession as a cosmetologist might be ideal for you if you take pleasure in doing manual labor and consider yourself to be someone who gets along well with others. This is further explained below.
What is a cosmetologist/manicurist.?Generally, Manicurists are certified cosmetologists who focus only on providing manicures. You may get a gel manicure or French tips thanks to their skill with design and application. Moreover, they are well-versed in the care and treatment of nails.
In conclusion, You don't need an obsession with hair, cosmetics, and fashion to succeed in the cosmetology industry. Helping others shine visually is a rewarding and entertaining activity. Become a cosmetologist if you are outgoing, creative, and love using your hands.
Read more about cosmetologists/manicurists.
https://brainly.com/question/9123955
#SPJ1
(ANSWERED) Which of the following techniques can be used to evaluate a job candidate's qualifications?
done
A.
Call and talk with the applicant's references.
B.
Evaluate applicant's private correspondence.
close
C.
Observe the applicant in his or her present job situation.
D.
Call and talk with applicants' friends and family.
ANSWER: A - Call and talk with the applicant's references.
Answers
Explanation:
.
Evaluate applicant's private correspondence.
close
What is starbucks doing to better the economy and environment in areas around the world?.
Answers
Answer:
Cutting down on carbon, water, and waste footprints by half
Explanation:
In 2020 Starbucks committed to a resource-positive future, formalizing environmental goals to cut its carbon, water, and waste footprints by half. As a progression against those goals, the company commits to Carbon Neutral Green Coffee and to conserving water usage in green coffee processing by 50%, both by 2030.
learn more here: https://stories.starbucks.com/stories/2021/starbucks-announces-coffee-specific-environmental-goals/
Which of the following examples describes how data science can improve
business outcomes?
Answers
The data science can alter business resultants with the support of Analytics.
What is Analytics?The systematized combinatorial investigation of the subject matter or applied mathematics is known as analytics.
It is a tool for determination, interpreting, and communicating crucial structures in data.
It also implies using data patterns to make more intelligent decisions. With the usage of analytics, data science may modify and better business outcomes.
Therefore, the Analytics can improve the business outcomes.
Learn more about the data science, refer to:
https://brainly.com/question/20815848
#SPJ1
the 1970's period of stagflation involved a. relatively high unemployment. b. relatively high inflation. c. relatively low economic growth. d. high economic expansion. e. a, b, and c.
Answers
The 1970s period of stagflation involved relatively high unemployment, high inflation, and relatively low economic growth, the correct option is e). a, b, and c.
Stagflation is an economic phenomenon characterized by a stagnant economy coupled with high inflation and unemployment. This unique situation occurred in the 1970s, primarily due to a combination of factors such as the oil price shocks, poor monetary policy, and structural issues in the economy.
High unemployment during this period was a result of the slow economic growth, as businesses faced reduced demand for goods and services, leading to job losses. The high inflation rate was caused by factors such as rising energy prices, which increased production costs for businesses and, in turn, raised the prices of goods and services. Moreover, the monetary policy of that time, focused on managing inflation, was not effective enough in curbing the rise in prices.
Low economic growth during the stagflation period was a consequence of the aforementioned factors, as well as structural issues in the economy, such as the decline in manufacturing and the transition to a service-based economy. This transition, along with other challenges, contributed to a sluggish economy that struggled to recover from the stagflation.
In conclusion, the 1970s stagflation involved high unemployment, high inflation, and low economic growth, posing a significant challenge for policymakers and leaving a lasting impact on economic theory and policy-making.
To learn more about stagflation here:
https://brainly.com/question/29386204#
#SPJ11
Brendon Walsh wants to borrow $30,000 from the bank. The interest rate is 6% and the term is for 5 years.
What is the amount of interest paid?
- $360
- $1,800
- $18,000
- $30,000
Answers
Answer:
1,800
Explanation:because
$30000*0.06=$1,800
The amount of interest paid is $1,800. Thus, option second is correct.
What is Simple Interest?Simple interest is defined as the amount of interest paid on a specific principal amount at a given rate of interest. Compound interest, on the other hand, is the interest computed on the principal and interest accrued during the preceding month.
Borrowers may get a rough estimate of borrowing costs by using simple interest. Auto loans and short-term personal loans are often interest-only loans. Simple interest does not need the calculation of compound interest.
Given that,
Amount = $30000
Years = 5
Interest = 6 %
Amount to be paid every year can be computed with the help of the following formula:-
Total amount = Amount * Years * Interest / 100
Substituting the values in the above formula,
Total amount = 30000 * 5 * 6 / 100
= 90000/100
= $9000
Hence, the interest paid for one can be calculated as follows:-
Interest amount for each year = 9000 / 5
= $1800
Therefore, $1800 is the interest amount paid for each year. Hence, option second is correct.
Learn more about Simple Interest here;
https://brainly.com/question/25845758
#SPJ2
Suppose General Electric payed its line workers $12 per hour
Answers
The relevant answers with regard to real wages are as follows:
A) $10.08
B) 10.89
C) 19.05. See explanation below.
What is the computation justifying the above results?[A]
Recall that Real Wages are computed as follows;
Real Wages = (Nominal Wage/CPI in the Given Year) x CPI in the base year
12 = (N/84) x 100
= 10.08
[B]
The formula for real wage still stands:
Hence,
12 x 1.08 = (N/84) x 100
= 10.89
One thing to keep in mind is that the percentage rise in real wages is always equal to the percentage increase in nominal wages. The same may be demonstrated with other values.
[C]
It is to be noted that the real wage is pegged at $12 which is same from the prior year.
Hence, percentage increase = 0
But because $12 is Nominal in the incumbent year,
[(12 - 10.08)/10.08] x 100
= 92/10.08
= 19.05
What is real wages?Real wages are earnings adjusted for inflation, or pay expressed in terms of the quantity of goods and services that may be purchased. In contrast to nominal wages or unadjusted wages, this word is used.
Learn more about real wages:
https://brainly.com/question/22683172
#SPJ1
Full Question:
Suppose General Electric paid its line workers $12 per hour in 2015 when the Consumer Price Index was 100. Suppose that deflation occurred and the aggregate price level fell to 84 in 2016. Instructions: Round your answers to two decimal places. a. GE needed to pay its workers $ in 2016 in order to keep the real wage fixed at $12. b. GE needed to pay its workers $ in 2016 if it wanted to increase the real wage by 8 percent. c. If GE kept the wage fixed at $12 per hour in 2016, in real terms, its workers got a % increase in wages.
Olin, a professional artist and art teacher, convinces Plato, who has no artistic ability, that he has considerable talent and induces him to pay Olin $10,000 for art lessons. When Plato realizes the truth, he files a suit against Olin. Plato is most likely to recover on the basis of
Answers
Answer:
Fraud
Explanation:
Fraud can be defined as a criminal deception or deceit that is aimed at resulting in financial gain.
From the above question, Olin defrauded Plato of $10,000 despite knowing that Plato had no talent. This is fraudulent and as such can help Plato's case against olin.
Cheers.
Conduct a SWOT analysis for IBM’s ""Let’s Put Smart To Work"" initiative. What are the relevant trends to consider?
Answers
Such relevant trends to consider are as follows:
StrengthWeaknessOpportunitiesThreatsStrength - IBM would be strongly responsible for collecting and analyzing information to enhance a firm, organization, city.Weakness - There are no links between the other technologies that are weak throughout the IBM Intelligent Planet program.Opportunities - Throughout the economies such as China, India, as well as Africa, IBM attempts to take over.Threats - IBM will face the change from natural resource companies to more customized companies.Learn more about SWOT analysis here:
https://brainly.com/question/14576456
SWOT analysis helps organization to identify their strengths and grow their business by availing the opportunities.
IBM is International Business Machine which is an American technology organization having head quarter in New York.
The SWOT analysis is give below :
Strength : The company have expertise in designing intelligent computers which enable the users to run different business applications.
Weakness : The company has not worked for compatibility and they have not designed laptops which are more easy to carry and handle than the desktop computers.
Opportunity : By using economies of scale technique the company can grow its business to different parts of the world and can gain from International market.
Threats : There can be cyber crime or hacking of intelligence programs which are designed at IBM. There is need for strict cyber controls in the organization.
Learn more at https://brainly.com/question/24535935