Answer:
Explanation:
a)
Year percentage increase
2011 21.21162
2012 14.35054
2013 20.62696
b) Assuming C1 is the domestic currency, an increase in E will cause price of C2 in term of C1 to; Decline
c) If the value of e decrease, given that E is increasing, then Country Y would be experiencing a lower rate of inflation compared to Country X
d) if foreign goods are relatively less expensive compared to the domestic goods and assuming that the nominal exchange rate of the currencies is equity, then there is disparity in the real exchange rate.
Answer: best case Nvp $2,943,304,509.57
Worse case NVP
-$2, 601,609,39
Because in <u>accumulation of wealth, older people have an advantage</u>.
Explanation:
Older people tend to have more money simply because:
<u>1. they have had longer careers and hence are expected to have better salaries with better positions</u>
<u>2. they have had more time to save up capital and invest.</u>
Every age group chronologically is more able to collect money in their working years. Young people starting their careers are less likely to be able to accumulate wealth to have a worth that much.
Answer:
Direct material price variance= $1,200 favorable
Explanation:
Giving the following information:
Standard price= $8 per gallon
Last month, 3,000 gallons of direct materials were purchased for $22,800.
To calculate the direct material price variance, we need to use the following formula:
Direct material price variance= (standard price - actual price)*actual quantity
Actual price= 22,800/3,000= $7.6 per gallon
Direct material price variance= (8 - 7.6)*3,000= $1,200 favorable
Answer:
Indirect Labour Cost, Direct Labour Cost
Explanation:
Direct Labour Cost
This is the type of cost incurred or wages paid to workers or employees that directly works on project. For example, laborer, foreman, painters, machine operators, delivery man etc. all belongs to this category. They are wages paid to the category of employees or workers who physically produce products.
Indirect Labour Cost
These are wages paid to those group of workers or employees that perform tasks that do not directly contribute to the production of goods or performance of services. For example, we have accountants, security guards, administrative officers, supervisors, inspectors and so on. It is also known as Overhead cost. They are not involved in the active part of conversion of raw materials into products.
