Measuring the rate of inflation using a market basket that excludes food and energy prices is preferred by some analysts because this measure, called core inflation, Group of answer choices is more consistent with measures of inflation used in other countries.
fluctuates more than measures of inflation that include food and energy prices.
gives a better measure of ongoing, sustained price changes.
provides a real, rather than a nominal, rate of inflation.

Answers

Answer 1
Answer:

Answer:

gives a better measure of ongoing, sustained price changes.

Explanation:

  • In order to measure the market-based rate of inflation that excludes the food and the energy processes are preferred by some economist as the core inflation that is long price trend and is frequent subject to the change as food and energy. As this index is based on the dynamic consumption basket the economic variables are adjusted by the price defoliator.

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During the previous year, Yvo Corp. installed a production assembly line to manufacture furniture. In the current year, Yvo purchased a new machine and rearranged the assembly line to install this machine. The rearrangement did not increase the estimated useful life of the assembly line, but it did result in significantly more efficient production. The following expenditures were incurred in connection with this project:Machine $75,000Labor to install machine 14,000Parts added in rearranging the assembly line toprovide future benefits 40,000Labor and overhead to rearrange the assembly line 18,000What amount of the above expenditures should be capitalized in the current year?A. $147,000B. $107,000C. $89,000D. $75,000
The following data relates to Mangini Company's estimated amounts for next year. Estimated: Department 1 Department 2 Manufacturing overhead costs $320,000 $400,000 Direct labor hours 65,000 DLH 75,000 DLH Machine hours 2,000 MH 2,500 MHRequired:a. What is the company's plantwide overhead rate if machine hours are the allocation base? (Round your answer to two decimal places.)
On June 1, 2014, Siebens Enterprises loaned $27,000 to Tyler Company for one year at 8 percent interest. Under the terms of the promissory note, Tyler will repay the principal and pay one year's interest on May 31, 2015. Related to this note receivable, what amount of interest income would Siebens report on its 2014 income statement? (Round your final answer to the nearest whole dollar amount.)
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When do you need to apply for program completion and review? a couple of weeks before program completion 1-2 semesters before program completion Never, you don’t need to complete any paper work to prepare for program completion one month before program completion

Answers

Answer:1-2 semesters before program completion.

Explanation:Program completion and review are a very necessary aspect and component of successful completion of a program. The standard recommended period for applying for program completion and review is one to two semesters before the program is to be completed. This is necessary in order to give adequate review period and other normally carried out activities before finally Issuing the certificate to the qualified person.

Final answer:

One should typically apply for program completion and review 1-2 semesters before the actual program completion. This allows for sufficient paperwork processing time and error correction.

Explanation:

The timeline for application of program completion and review typically depends on specific rules and guidelines of your institution. Generally, it is advisable to apply for program completion 1-2 semesters before the actual completion of your program. This gives enough time for any required paperwork to be processed and for any issues or errors to be rectified. It also allows your institution to review all your credits and ensure you have met all the necessary criteria to successfully complete your program.

Learn more about program completion here:

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A Swiss watch company advertises its history of superior craftsmanship. The company thinks that this would​ a. ​Make the demand for the product less elastic b. ​Make the customers less sensitive to the price c. ​Assist them with differentiating their product d. ​All of the above

Answers

Answer:

The correct answer is letter "B": ​Make the customers less sensitive to the price.

Explanation:

There are several reasons that could make products become elastic or inelastic. Reputation typically makes goods and services be considered inelastic. These types of products do not see a change in their quantity demanded in front of changes in price.

Thus, if a Swiss watch company promotes their history of superior craftsmanship is attempting to aware consumers about its watch quality and reputation so if they decide to increase prices consumers will be less sensitive to the change.

In January, Knox Company requisitions raw materials for production as follows: Job 1 $936, Job 2 $1,690, Job 3 $767, and general factory use $667.Prepare a summary journal entry to record raw materials used:

DEBIT CREDIT
Work in Process Inventory
Jan 31. Manufacturing Overhead
Raw Materials Inventory

Answers

Answer:

Materials used in production go to Work in Process so;

= 936 + 1,690 + 767

= $3,393

The materials used in the general factory will go to Manufacturing Overhead.

Date                                                                         Debit                   Credit

Jan 31   Work in Process                                     $3,393

             Manufacturing Overhead                      $   667

             Raw Materials Inventory                                                    $4,060

When projecting future cash flows of an investment​ ________. A. the initial investment is a significant cash outflow that is treated separately from all other cash flows B. cash flows include depreciation C. cash inflows and outflows are treated​ separately, rather than being netted together D. cash flows are projected by accounting personnel without considering input from other departments

Answers

A. The initial investment is a significant cash outflow that is treated separately from all other cash flows

A survey asks 1200 ​workers, "Has the economy forced you to reduce the amount of vacation you plan to take this​ year?" Forty​-six percent of those surveyed say they are reducing the amount of vacation. Twenty workers participating in the survey are randomly selected. The random variable represents the number of workers who are reducing the amount of vacation. Decide whether the experiment is a binomial experiment. If it​ is, identify a​ success, specify the values of​ n, p, and​ q, and list the possible values of the random variable x. Is the experiment a binomial​ experiment?

Answers

Answer:

It is a binomial experiment.

A success is a worker saying that the economy forced him to reduce the amount of vacation you plan to take this​ year.

n = 20

p = 0.46

q = 0.54

The random variable x can assume any value from 0 to 20, inclusive.

Explanation:

For the question that is asked to the workers( "Has the economy forced you to reduce the amount of vacation you plan to take this​ year?") there are two possible answers, only two possible outcomes. So yes, it is a binomial experiment.

If it​ is, identify a​ success, specify the values of​ n, p, and​ q, and list the possible values of the random variable x.

A success is a worker saying that the economy forced him to reduce the amount of vacation you plan to take this​ year.

n is the amount of workers that participate in the survey. So n = 20

p is the decimal probability of a success. Forty​-six percent of those surveyed say they are reducing the amount of vacation. So p = 0.46

q is the decimal probability of a failure. The sum of the probability of a failure and a success must be decimal 1. So

p + q = 1

0.46 + q = 1

q = 0.54

The values of the random variable x are the number of workers that say they are reducing their amount of vacation. 20 workers are surveyed, so the random variable x can assume any value from 0 to 20, inclusive.

Machinery purchased for $66,000 by Metlock Co. in 2016 was originally estimated to have a life of 8 years with a salvage value of $4,400 at the end of that time. Depreciation has been entered for 5 years on this basis. In 2021, it is determined that the total estimated life should be 10 years with a salvage value of $4,950 at the end of that time. Assume straight-line depreciation.Required:
a. Prepare the entry to correct the prior year's depreciation, if necessary.
b. Prepare the entry to record depreciation for 2021.

Answers

Answer:

a. Prepare the entry to correct the prior year's depreciation, if necessary.

  • When an asset's useful life is extended, the extension is done prospectively, not retrospectively. This means that past depreciation does not need to be adjusted.

b. Prepare the entry to record depreciation for 2021.

  • Dr Depreciation expense 4,510
  •     Cr Accumulated depreciation - machinery 4,510

Explanation:

purchase cost of machinery $66,000

estimated useful life 8 years

estimated salvage value $4,400

depreciation has been recorded using the previous basis during the first 5 years, but now the estimated useful life was extended to 10 years and the salvage value = $4,950

depreciation expense per year (during first 5 years) = ($66,000 - $4,400) / 8 = $7,700 per year

accumulated depreciation up to year 5 = $7,700 x 5 = $38,500

the carrying value of the asset on January 1, 2021 = $66,000 - $38,500 = $27,500

the new depreciation expense per year = ($27,500 - $4,950) / 5 = $4,510

depreciation expense for 2021:

Dr Depreciation expense 4,510

    Cr Accumulated depreciation - machinery 4,510

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