Answer:
$30,000
Explanation:
In this question, the matching account principle is used which means the total revenue is matched with the total expenses in a given year.
The computation of the warranty expense is shown below:
= Number of selling units × average unit sold per unit
= 2,000 unit × $15 per unit
= $30,000
The whole amount $30,000 should be recorded as warranty expense
Calculation of average tax rate that will result in a 17 percent increase in tax revenues:
Currently, the average taxpayer in the united states earns $52,000 and pays an average tax rate of 20 percent, so the average tax revenue is 52000*20% = $10,400
If Congress wants to increase tax revenues by 17 percent, then the average tax revenue shall be 10400+(10400*17%) = $12,168
Hence average tax rate that will result in a 17 percent increase in tax revenues shall be = 12168 / 52000 = 0.234 = <u>23.40%</u>
Answer:
3,825.2 labor hours
Explanation:
Learning rate (Unit 1 and unit 2):
= Labor hour required for 2nd unit ÷ Labor hour required for 1st unit
= 1,200 ÷ 2,000
= 0.60
Learning rate (Unit 2 and unit 3):
= Labor hour required for 3rd unit ÷ Labor hour required for 2nd unit
= 1,130 ÷ 1,200
= 0.94
Average of learning rates = (0.60 + 0.94 ) ÷ 2
= 0.77
As per learning curve calculator the value of 77% for 6 units = 4.0776
Cumulative time = Factor × Time of first unit
= 4.0776 × 2,000
= 8,155.2
Hence,
Time for next three units:
= Cumulative time - Sum of the time of first, second and third unit
= 8,155.2 - (2,000 + 1,200 + 1,130)
= 3,825.2 labor hours should Simpson plan for.
Answer:
Life Review
Explanation:
Barney is engaged in life review process where one person return progressively to his or her consciousness of the conflicts and memories of the past which were never resolved properly, the main purpose is to re-evaluate them and to find some kind of resolutions. This is one of the most common phenomenon in which older people are engaged in their post age life where they re-call and remember their early life memories, mistakes, regrets, and unfinished tasks.
Using the midpoint method, we know that the demand for candy bars is <u>a. inelastic</u>.
<u>Explanation</u>:
The demand is said to be inelastic when the demand for the goods and services does not change with the change in price.
When the price of the product increases and there is no reduction in the demand of the product is known as inelastic demand. The demand tends to be inelastic for the daily use and necessary goods and services.
Elasticity can be computed with the help of the midpoint method as it gives the result regardless of the direction of change.
