After using the units-of-activity method in computing depreciation depreciation cost per unit in the given question is $0.67
Depreciation expense for a given year is calculated by dividing the original cost of the equipment less its salvage value, by the expected number of units the asset should produce given its useful life. Then, multiply that quotient by the number of units (U) used during the current year.
A common depreciation technique that enables firms to divide the cost of a fixed asset according to its utilisation is units of output. In manufacturing, it is common practise to compute the units of production rate by dividing the equipment's cost by its anticipated lifetime production.
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True or False: U.S. Treasury bonds are safe because it is unlikely the federal government will go bankrupt.
Answer:
True
Explanation:
I've done the same unit for Personal Finance
The Montgomerys borrowed $107,000 at 7.50% for 30 years to purchase a house. Find the total interest the Montomerys will pay if they pay the loan on schedule. Click the icon to view the monthly payment of principal and interest table. OA. $162,254.80 OB. $149, 158.00 OC. $177,662.80 OD. $168,803.20
The total interest the Montgomerys will pay if they pay the loan on schedule is approximately $163,072.
To find the total interest the Montgomerys will pay over the course of the loan, we can calculate the monthly payment and then subtract the principal borrowed.
First, we need to calculate the monthly payment using the loan amount, interest rate, and loan term. We can use the formula for calculating the monthly payment on an amortizing loan:
Monthly payment =\(P * r * (1 + r)^n / ((1 + r)^n - 1)\)
Where:
P = Principal amount borrowed = $107,000
r = Monthly interest rate = Annual interest rate / 12 = 7.50% / 12 = 0.625%
n = Total number of payments = 30 years * 12 months/year = 360 months
Plugging in the values, we have:
Monthly payment = $107,000 * 0.00625 * (1 + 0.00625)^360 / ((1 + 0.00625)^360 - 1)
≈ $750.20
The monthly payment of principal and interest is approximately $750.20.
To find the total interest paid, we can multiply the monthly payment by the total number of payments and subtract the principal borrowed:
Total interest paid = (Monthly payment * Total number of payments) - Principal borrowed
= ($750.20 * 360) - $107,000
≈ $270,072 - $107,000
≈ $163,072
Therefore, the total interest the Montgomerys will pay if they pay the loan on schedule is approximately $163,072.
None of the provided answer options match the calculated value. However, based on the calculation, the closest option is OA. $162,254.80.
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Josh is a corporate account manager at a company that sells drywall to other businesses. He receives a monthly salary of $1,500 plus a commission of 2.20% on any new sales that he makes as part of his daily interactions with his customers. If Josh earned $2,930 this month, what is his sales?
For full marks your answer(s) should be rounded to the nearest cent.
Which situation best illustrates an effect of the law of supply
Put the following items in order from most expensive to least expensive. Item Base Price Change Direction Toaster $23.35 36% Markup DVD $20.36 66% Markup Headphones $69.09 56% Markdown Jeans $55.08 41% Markdown a. headphones, jeans. toaster, DVD b. headphones, DVD, toaster, jeans c. DVD, toaster, headphones, jeans d. DVD, jeans, toaster, headphones
Answer:
d.
DVD, jeans, toaster, headphones
Explanation:
Putting the items in order from the most expensive to the least expensive shows d. DVD, jeans, toaster, headphones.
What are markups and markdowns?Markup shows how much prices are increased while markdown shows how much prices are decreased.
Data and Calculations:Base Price Change Direction Actual Price
Toaster $23.35 36% Markup $31.76 (23.35 x 1 + 36%)
DVD $20.36 66% Markup $33.80 ($20.36 x 1 + 66%)
Headphones $69.09 56% Markdown $30.40 ($69.09 x 1 - 56%)
Jeans $55.08 41% Markdown $32.50 ($55.08 x 1 - 41%)
Thus, putting the items in order from the most expensive to the least expensive shows d. DVD, jeans, toaster, headphones.
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Question 33 (12 points)
Listen
Suppose that an economy is producing real GDP valued at $15.5 trillion, but the
economy's potential level of production is $18 trillion. First explain what type of
production gap this is and how unemployment will be impacted. Then explain both
how the federal government might use its three fiscal policy tools and how the
Federal Reserve would use its three traditional monetary policy tools.
The type of production (or GDP) gap identified is the Negative production Gap. This is a situation where the economic output is less than the full capacity output.
How will the Negative Production Gap impact Unemployment?A negative Unemployment Gap always translates to low growth and further shortfall in output and increasing rates of unemployment.
Three fiscal policy tools that can be used to tackle this situation are:
The above tools are expansionary in nature. They have the effects of stimulating aggregate demand hence causing an expansion in production and reducing unemployment.
The three monetary tools that can be used to combat the above situation are:
Open Market Operations such as buying back government bonds;Reduced discount rates which increase money supply; andReducing reserve ratio are all expansionary. They will increase the money supply and stimulate aggregate demand.Learn more about Negative Production Gap at:
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Explain how before factors of production impact the possibilities, production crew, and a countries resources
The factors of production, namely land, labor, capital, and entrepreneurship, have a significant impact on the possibilities, production capabilities, and resource allocation within a country.
Land refers to all natural resources available, such as arable land, minerals, water, and energy sources. The abundance or scarcity of these resources determines the production possibilities of various industries. For example, a country rich in oil reserves can leverage this resource for energy production or export, thereby influencing its production capabilities and economic potential.
Labor represents the workforce available in a country. The size, skill level, and productivity of the labor force affect the capacity to produce goods and services. Adequate and skilled labor can enhance production efficiency, leading to economic growth and development.
Capital refers to the financial resources, infrastructure, and technology available for production. Access to capital and investment opportunities directly impact a country's production capacity. Well-developed infrastructure, modern technology, and ample financial resources enable efficient production processes, leading to higher output levels and economic advancement.
Entrepreneurship represents the ability to innovate, take risks, and organize the other factors of production. Entrepreneurial activity drives economic growth by identifying new opportunities, creating jobs, and introducing innovative products and services. The presence of entrepreneurial talent and supportive business environments foster economic development.
In summary, the factors of production, including land, labor, capital, and entrepreneurship, shape a country's production capabilities, resource allocation, and economic possibilities. The availability, quality, and utilization of these factors directly impact a country's economic growth, competitiveness, and overall development.
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(214) 1. Distinguish between technical efficiency and allocative efficiency. Use the two concepts of efficiency to compare a perfect market structure with a monopoly.
Technical efficiency refers to the ability to produce the maximum output from a given set of inputs or resources. It focuses on the production process and achieving the highest output level with the least amount of resources wasted. Technical efficiency emphasizes optimizing the production process to minimize costs and maximize productivity.
Allocative efficiency, on the other hand, relates to the allocation of resources in a way that maximizes overall social welfare. It refers to the ideal allocation of resources that matches consumers' preferences and demands. Allocative efficiency ensures that resources are allocated so that goods and services align with consumer preferences. This results in the best outcome for society.
When comparing an ideal market structure with a monopoly in terms of efficiency, there are significant differences. In an ideal market structure, characterized by complete competition, both technical and allocative efficiency is typically achieved. Many buyers and sellers exist, information is freely available, and no single entity controls the market. Competition drives firms to produce at the lowest cost and offer goods and services that match consumer preferences, leading to technical and economic efficiency.
In contrast, a monopoly represents a market structure where a single firm dominates the industry and has substantial market power. In terms of technical efficiency, a monopoly may not necessarily achieve the same level as a perfectly competitive market. Due to the lack of competition, a monopoly may not have the same incentive to minimize costs or innovate as efficiently as possible. This can result in higher production costs and lower technical efficiency.
Regarding allocation efficiency, monopolies often fail. Without competition, a monopolistic firm can set prices higher than the marginal cost of production, resulting in a suboptimal allocation of resources. The monopolist may prioritize maximizing profits rather than satisfying consumer preferences. This leads to a less efficient allocation of resources than in a perfectly competitive market.
Overall, an ideal market structure exhibits higher levels of technical and allocative efficiency than a monopoly. When true competition promotes resource optimization and consumer satisfaction, resulting in more efficient resource allocation.
Distinguish policies on external competitiveness from policies on internal alignment. Why is external competitiveness so important? What factors shape an organization's external competitiveness?
Answer:
The answer is given in detailed below along with headings separated for each part of the question
Explanation:
External Competitiveness and Internal Alignment
The comparisons with competitors with regard to the income received, some of which offer even high salaries in order to get the best individuals to work for them refer to as external competitiveness. While in the case of Internal alignment the comparison is done on the individuals job or skill level with each others and with the organisations objectives.
Importance of External Competitiveness
This is important depending on the goal of the organisations such that they provide attractive pay packages to retain their employees while ensuring that the labour cost is controlled so that it's products/services prices remain competitive in the market.
Factors shaping the organisations external competitiveness
The factors affecting the external competitiveness are as given below:
(1) Customs specific to both the organisations and its employees.
(2) Labour Market Competition
(3) The Competition in the market of product/service
These factors combined affect the level of pay an employee receives within an organisation.
Does a depression always follow a recession?
Yes, the trough is always considered a depression.
No, a depression is indicated when the recession is exceptionally long.
Yes, for recovery to occur, the trough must be reached.
No, the economy could decline quickly and bypass recession.
Answer: No, a depression is indicated when the recession is exceptionally long.
Explanation:
Which is NOT an expense account?
Answer:
Interest is found in the income statement, but can also is the most common non-operating expense
Example
Examples of expense accounts are Costs of Sales, Cost of Goods Sold, Costs of services, Operating expense, Finance Expenses, Non-operating expenses, Prepaid expenses, Accrued expenses and many others.
Neal Kim saw an advertisement for $50 off an all-in-one printer. All printers are marked down 20%. What is the regular selling price of a printer
Answer:
$62.50
Explanation:
X * (1 -0.20) = 50
0.8X = 50
X = $62.50
$250 is the regular selling price of a printer. Markdown prices are reductions in a product's selling price from its original selling price expressed as a percentage.
What does it mean to mark down a price?A markdown in finance is a decrease in an asset's price and value. With SumUp Invoices, you can make attractive invoices for nothing. Markdowns typically happen when a company can't sell a product for its current price because they are intended to increase sales.
Given
Discounted Price = $50
Discount rate = 20%
Required to calculate regular selling price =?
Regular selling price = Discounted Price x 100% / 20%
= 50 x 100% / 20% = $250
Markdown prices are more commonly referred to as discounts. Companies mark down the prices of their products when they have sales. $250 is the regular selling price of a printer.
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Match the methods to monitor on-floor selling activity and sales effectiveness to the scenario that portrays them.
Monitoring on-floor selling activity and sales effectiveness can be done through various methods that help retailers make informed decisions about their store's performance.
Here are some methods for monitoring on-floor selling activity and sales effectiveness:1. Mystery shoppingThis is where retailers hire a third-party to pose as a customer and visit the store to evaluate the level of service and sales effectiveness. Mystery shoppers can be used to evaluate different areas of the store, such as customer service, product knowledge, and sales techniques. The results can be used to identify areas of weakness and opportunities for improvement.2. Point of sale data analysisThis involves analyzing sales data collected at the checkout. This method can provide insights into sales trends, popular products, and the effectiveness of promotions and sales strategies. Retailers can use this data to make informed decisions about their store's inventory and pricing.3. In-store camerasInstalling cameras on the sales floor can help retailers monitor customer behavior, such as how long they spend in a particular area and which products they are looking at. Retailers can use this information to improve store layout and product placement.4. Customer feedback forms Retailers can use feedback forms to gather information about customers' experiences in the store.
This can include questions about the level of service, product availability, and overall satisfaction. Retailers can use this information to identify areas of improvement and make changes to the store's operations.5. Sales tracking softwareRetailers can use sales tracking software to monitor sales performance and set sales goals. This software can provide real-time updates on sales data and identify areas of strength and weakness. Retailers can use this information to make informed decisions about their store's operations and sales strategies.In conclusion, retailers can use different methods to monitor on-floor selling activity and sales effectiveness. These methods include mystery shopping, point of sale data analysis, in-store cameras, customer feedback forms, and sales tracking software. The choice of method will depend on the retailer's goals and the specific areas they want to evaluate.
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MotoSport is buying an asset that costs $730,000 and can be depreciated at 20 percent per year (Class 8) over its eight-year life. The asset is to be used in a three-year project; at the end of the project, the asset can be sold for $740,200. The company faces a tax rate of 26%. The sale of this asset will close the asset class. what is tax on CCA recapture
The tax on the CCA recapture is $306,332.
To calculate the tax on the Capital Cost Allowance (CCA) recapture, we need to determine the CCA claimed over the years and calculate the recaptured amount. The recaptured amount is the difference between the proceeds from the sale of the asset and the undepreciated capital cost (UCC) at the time of sale.
Given that the asset costs $730,000 and has a depreciation rate of 20% per year (Class 8) over eight years, we can calculate the CCA claimed each year:
Year 1: $730,000 * 20% = $146,000
Year 2: $730,000 * 20% = $146,000
Year 3: $730,000 * 20% = $146,000
Year 4: $730,000 * 20% = $146,000
Year 5: $730,000 * 20% = $146,000
Year 6: $730,000 * 20% = $146,000
Year 7: $730,000 * 20% = $146,000
Year 8: $730,000 * 20% = $146,000
The total CCA claimed over the eight years is $1,168,000.
At the end of the project, the asset can be sold for $740,200. The UCC at the time of sale is the original cost of the asset minus the CCA claimed:
UCC = $730,000 - $1,168,000 = -$438,000
Since the UCC is negative, there is a recapture of CCA. The recapture amount is the proceeds from the sale minus the UCC:
Recapture Amount = $740,200 - (-$438,000) = $1,178,200
Now, we can calculate the tax on the CCA recapture by multiplying the recapture amount by the tax rate:
Tax on CCA Recapture = $1,178,200 * 26% = $306,332
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what is human resources management?
Answer:
Human resource management is the strategic approach to the effective and efficient management of people in a company or organization such that they help their business gain a competitive advantage. It is designed to maximize employee performance in service.
True or False: The term “academic training” refers primarily to formal classes taken in school.
Answer:
False
Explanation:
Suppose an increase in the demand for dollars has caused an appreciation of the dollar. According to the purchasing power parity theorem, the value of the dollar in the future will:
Answer:
Appreciate more
Explanation:
Suppose an increase in the demand for dollars has caused an appreciation of the dollar. According to the purchasing power parity theorem, the value of the dollar in the future will appreciate more. This is because the shift in demand and supply will cause an increase in the value of the dollar. Purchasing power parity (PPP) is a theory which states that exchange rates between currencies are in equilibrium when their purchasing power is the same in each of the two countries.
Problem 6-7 Recording General Journal Transactions
Juanita Ortega is the owner of Outback Guide Service. The following accounts are used to record the transactions of her business.
The general journal is a journal where transactions that relate to depreciation, adjustment entries, accounting errors, opening stock, etc are recorded.
This is an incomplete information, therefore an overview of the general journal will be given. The transactions under the general journal transactions include purchase transactions, sales transactions, cash payments, cash receipts, etc.
The steps that are involved in recording the transactions will be:
Organize the transactions.Record the journal entries.Post the journal entries to the general ledger.Prepare an adjusted trial balance.Run the financial statements.Close the book of account.Read related link on:
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Under the FINRA Conduct Rules, a broker-dealer may charge a customer all of the following services except:_______.a. collection of dividends on margin securities.
b. safekeeping of securities.
c. appraisals of securities in a customer portfolio.
d. distributing proxies to holders of securities in margin account.
Answer:
distributing proxies to holders of securities in margin account
Explanation:
Proxies are voting materials on shares that are given by the issuer of the shares to the brokerage that is holding the shares.
Proxies are paid for by the issuer and not the customer.
A broker is allowed to charge for various services rendered. For trading and market related services the 5% rule holds, while for other clerical services such as collection of dividends, safe keeping appraisal of securities, and transfer of securites.
Charges must be fair and reasonable.
3 Explain how a price support in the market for an agricultural product creates
a surplus, inefficiency, and unfairness.
Answer:
Explained below
Explanation:
- A price support in the market for an agricultural product will increase the quantity that's produced and also decrease the quantity being consumed which will in turn create a surplus.
- Now, to maintain this support price, the government usually will buy the surplus and then subsidize the producer.
- This price support will be of great benefit to the producer but on the other hand it will cost the consumer/taxpayer more than the producer will profit thereby creating a deadweight loss.
- In summary, this price support can be said to be inefficient and is normally unfair.
why do many essential products that we use (e .g water) have relatively low prices, while other less essential products (e.g diamonds) command higher prices? Explain this paradox using marginal utility approach
In a market economy, the cost of many necessities for human life is significantly lower than the cost of less necessary necessities.
What do you call necessities?
Anything you need in order to function correctly or complete an action is referred to as a need. Life cannot exist without water. Alternative Words: essential, need, need, necessary More necessary synonyms Countable noun You must use your revenue to purchase necessities, which are goods or services. Basic necessities include things like food, clothing, heat, shelter, and medical attention. something which is essential. For the beach, sunscreen is a must-have. food, clothing, and other essentials. It's important to get enough of sleep. Living close to work is essential for those without cars.
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Molly, a company mediator, had agreed to help Martin and Samir. The two men had been in constant conflict ever since they became co-managers of the marketing department two months ago, and this conflict was starting to impact all parts of the department. To begin, Molly asked both men to take a conflict style assessment. After receiving the assessments back from Samir and Martin, Molly began her analysis to determine the preferred conflict style of each. Samir's assessment showed that it was typical for him be willing to give up some of his own needs, as long as the other party was willing to do the same in order to find a workable solution. He was not one to be overly aggressive, but could stand his ground when needed. According to the assessment, Samir's preferred conflict style is __________.
Answer: accommodating
Explanation:
Based on the information given in the question, according to the assessment, Samir's preferred conflict style is accommodating.
Accommodating style is when one puts the need of the other party before theirs such that the person allows the other party win and get it done their way.
In such scenarios, one believes that taking too much time arguing isn't worth it. Since Samir's assessment showed that it was typical for him be willing to give up some of his own needs, as long as the other party was willing to do the same in order to find a workable solution, then he's using accommodating style.
Exercise 1-6 (Algo) Traditional and Contribution Format Income Statements [LO1-6] Cherokee Incorporated is a merchandiser that provided the following information: Amount Number of units sold 12,000 Selling price per unit $ 17 Variable selling expense per unit $ 1 Variable administrative expense per unit $ 2 Total fixed selling expense $ 21,000 Total fixed administrative expense $ 13,000 Beginning merchandise inventory $ 11,000 Ending merchandise inventory $ 22,000 Merchandise purchases $ 89,000 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement.
Answer:
The net operating income is $56,000
Explanation:
1. The traditional imcome statement:
2. The contribution format income statement:
Working Note:
\(\\\text{Sale revenue}=12,000*\$17=\$204,000\\\text{Variable selling expense}=12,000*\$1=\$12,000\\\text{Variable administrative expense}=12,000*\$2=\$24,000\\\text{Cost of goods sold}&=\text{Beginning merchandise inventory}+\text{Merchandise purchase}-\text{Ending merchandise Inventory}\\&=\$11,000+\$89,000-\$22,000\\&=\$78,000\\\text{Selling expense}=\$12,000+\$21,000=\$33,000\\\text{Administrative expense}=\$24,000+\$13,000=\$37,000\)
A fruit seller bought some watermelons at Ghana 5.00 cedis each and only to realized that 12 were rotten. She then sold the rest at Ghana 7.00 cedis and made a profit of Ghana 150.00. How many of the watermelons did she buy?
Based on the profit that the fruit seller made from selling the watermelons, she bought a total of 87 watermelons.
What number of watermelons was bought by the fruit seller?The profit per watermelon is:
= 7 - 5
= 2 Ghana Cedis
If she made a profit of 150 Cedis in total, she must have sold:
= 150 / 2
= 75 watermelons
The total amount she bought was:
= 75 + 12 rotten ones
= 87 watermelons
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Submit your project calculating the financial ratios of a publicly traded company. Be sure to follow WILL MARK BRANLIEST these guidelines:
• Identify the publicly traded company you selected.
• List the four financial ratio categories and the ratio you have chosen from each category.
• Show the data you used from the annual report and how you calculated the four financial ratios.
• Show the four ratios.
Answer:
what grade is this?
Explanation:
is the college???
Select the correct answer from each drop down menu Benny has written the following rough draft for school choose the correct way to complete each sentence an agency law is a contract for an ___ who acts on behalf of a company government or an individual called the ___ the relationship formed due to the contract between an agent and the principle is called in ____ relationship
An agency law is a contract for an agent who acts on behalf of a company, government, or an individual called the principal. The relationship formed due to the contract between an agent and the principle is called an agency relationship.
In an agency relationship, the agent acts on behalf of the principal with their authority. The agency relationship can be created through express agreement, implied agreement, or by ratification. Express agreement is when both parties clearly express their intention to enter into an agency relationship. Implied agreement is when the actions of both parties indicate that they have an agency relationship.
Ratification is when the principal accepts the actions of an individual as their agent, even if they did not originally intend to create an agency relationship. In an agency relationship, the agent has a fiduciary duty to act in the best interests of the principal. This duty includes loyalty, obedience, and disclosure of information.
Overall, an agency relationship is an important legal concept that allows individuals or companies to act on behalf of others. Understanding the responsibilities and duties of both parties in an agency relationship is crucial to ensuring a successful partnership.
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What guarantees that employees receive safety training and information in a language they can understand?
OA. The Fair Labor Standards Act
OB. The Equal Employment Opportunity Commission
OC. The Pillars of Total Safety Culture
D. OSHA regulations
Local government officials would like to know if city residents are generally satisfied with the cleanliness of local
streets and recreation areas. To estimate the level of satisfaction, city officials appear on a local television morning
show, where residents are invited to share their satisfaction through an online poll. Which of the following
statements best describes the potential results from this poll?
Answer:
D. This is a voluntary response sample and is likely to underestimate the proportion of residents satisfied with the cleanliness of the area.
Explanation:
i took the quiz
This is a voluntary response sample and is likely to underestimate the proportion of residents satisfied with the cleanliness of the area.
What is survey ?A survey is a set of questions used in human subject research with the goal of gathering specific information from a certain population. Surveys can be carried out via the phone, by mail, online, at street corners, and even in shopping centers. Surveys are used to collect data or learn more in areas like demography and social research.
Survey research is frequently used to evaluate ideas, beliefs, and emotions. Surveys might have narrow, focused objectives or they can have broad, more general objectives. In addition to being utilized to satisfy the more practical requirements of the media, such as evaluating political candidates, public health officials, professional organizations, and advertising and marketing directors, surveys are frequently employed by psychologists and sociologists to evaluate behavior.
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Signing a contract to provide tutoring services beginning next month is an example of
Oa, an accrued revenue
Ob. an accrued expense
Oc. an unearned revenue
Od. none of these choices
Accrued revenue is revenue that has been earned by providing a good or service, but for which no cash has been received.
What is meant by Accrued revenue?
Accrued revenue is earnings from providing a product or service, where payment has yet to be issued to the provider. Due to this, accrued revenue is recorded as a receivable owed by the customer for the business transaction. For example, a SaaS company may acquire a customer who needs a service for the next six months.Examples of Accrued Revenue. The most common accrued revenue is the interest income (earned on investments but not yet received) and accounts receivables (the amount due to a business for unpaid goods or services.)Accrued revenue is usually recorded as a current asset because the time between earning the revenue and receiving the cash after customer billing is generally less than one year or the company's operating cycle.To learn more about accrued revenue refers to:
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Revenue that has been generated via the provision of an item or service but for which no money has been exchanged is known as accrued revenue.
What is meant by Accrued revenue?Revenue that has been generated via the provision of an item or service but for which no money has been exchanged is known as accrued revenue.
Earnings from supplying a good or service for which the provider has not yet received payment are referred to as accrued revenue. As a result, accumulated income is noted as a debt owing by the client for the commercial transaction. For instance, a SaaS business may sign up a client who requires a service for the upcoming six months.An illustration of accrued revenue Interest income (earned on investments but not yet received) and accounts receivables are the two types of accumulated revenue that are most frequently used (the amount due to a business for unpaid goods or services.)Since it often takes less than a year or the length of the company's operational cycle for accrued revenue to be received in cash following client billing, accrued revenue is typically represented as a current asset.To learn more about accrued revenue refers to:
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5.6 Last month Quick Industries produced 900 units. This month they produced 1,264 units. What is the rate of change in production? a. 29.8% b. 32.8% c. 40.4% d. 60%
Answer: C. 40.4%
Explanation:
To find the rate of change in production, we can use the following formula:
Rate of change = (New value - Old value) / Old value * 100
Where,
Old value = Production of last month = 900
New value = Production of this month = 1264
Substituting the values in the formula,
Rate of change = (1264 - 900) / 900 * 100= 364 / 900 * 100= 0.404 * 100= 40.4%
Therefore, the rate of change in production is 40.4%, which is an option (c). I hope that this answer has helped you!
Answer:
The correct answer is C.
Explanation:
The rate of change in production is: (1264 - 900) / 900 = 0.404 or 40.4%. So, the correct answer is c. 40.4%