Question 1 : Inflation is a global Phenomenon which is associated with high price causes decline in the value for money. It exists when the amount of money in the country is in excess of the physical volume of goods and services. Explain the reasons for this monetary phenomenon. Define Inflation Ans :- Inflation is the percentage change in the value of the Wholesale Price Index (WPI) on a year-on year basis. It effectively measures the change in the prices of a basket of goods and services in
Premium Inflation Economics Supply and demand
Q1: There are two different types of cost accounting systems: Job order cost systems and process cost systems. How does management decide whether to use a job order cost system or a process cost system in any given manufacturing situation? Explain. Job order cost system is used in situations where many different products are produced each period. For example‚ a Levi Strauss clothing factory would typically make many different types of jeans for both men and women during a month. A particular order
Premium Costs Management accounting Manufacturing
000 x 100‚000 = 99‚406 289‚720 1‚720 x 100‚000 = 594 289‚720 Syrup Sugar Joint costs 99‚406/20‚000 = $4.97 594/1‚000 = $0.59 Costs beyond split-off 12‚000/20‚000 = $0.6 280/1‚000 = $0.28 Unit Cost $5.57 $0.87 a. Answer: The cost of syrup is $4.70/unit if the sugar is considered a by-product and the gross margin from its sale is considered to be a reduction of syrup costs. b. Calculate product costs assuming this company decided to make and sell as much maple sugar
Premium Sales Mathematics Price
05 MBA 12 Managerial economics No. of Lecture Hrs / Week : 04 Total No. of Lecture Hrs : 56 MODULE 1 IA Marks : 50 Exam Hours : 3 Hours Exam Marks : 100 7 HOURS Introduction of Economics: Managerial Economics – Nature‚ Scope & Significance‚ Role of Managerial Economist in decision-making – Relationship of Managerial Economics with functional areas of business MODULE 2 7 HOURS Fundamental Principles/Concepts of Managerial Economics: Opportunity Costs‚ Incremental‚ Time perspective
Premium Economics Supply and demand
Project finance Aditya Agarwal Sandeep Kaul Fuqua School of Business Contents The MM Proposition What is a Project? What is Project Finance? Project Structure Financing choices Real World Cases Project Finance: Valuation Issues The MM Proposition The MM Proposition “The Capital Structure is irrelevant as long as the firm’s investment decisions are taken as given” Then why do corporations: Set up independent companies to undertake mega projects and
Premium Finance Risk Debt
MBA MANAGERIAL ECONOMICS Arcadia IMBA Module 2 University Wide Individual Assignment (UWIA) 12th July 2013 PROBLEM SET #1 1. Complete the following table and answer the accompanying questions. a. At what level of the control variable are net benefits maximized? Net Benefit is also profit. The formula for this is MB = MC. As seen in the table completed above‚ after applying the formula then net benefit is maximized where Q = 106. b
Premium Supply and demand Costs Marginal cost
slaves were brought to the North American colony of Jamestown‚ Virginia‚ in 1619‚ to aid in the production of such lucrative crops as tobacco. And most aren’t aware that slavery in this country didn’t officially end until Dec. 6‚ 1865‚ the day the 13th Amendment
Premium Slavery Slavery in the United States American Civil War
finds a $20 bill on the sand. If she picks it up‚ she’s better off and no one else is worse off. Leaving the bill on the sand to wash out to sea would be silly. You might be tempted to reply "Wait‚ isn’t the original owner of the bill worse off?" The answer is "No" because it’s important to distinguish between two different events: (1) the original owner losing the bill‚ and (2) the other person finding it. The original owner definitely became worse off when he lost the bill. However‚ once the bill is
Premium Economics Welfare economics Vilfredo Pareto
TEST BANK CHAPTER 1 Intercorporate Investments: An Overview MULTIPLE CHOICE Use the following information on a company’s investments in equity securities to answer questions 1- 4 below. The company’s accounting year ends December 31. | |Date of acquisition|Cost |Fair value |Date sold |Selling price | |Investment | | |12/31/10 | |
Premium Balance sheet Generally Accepted Accounting Principles Asset
SOLUTIONS TO BRIEF EXERCISES BRIEF EXERCISE 7-1 The correct order is: 1. 2. 3. 4. Identify the problem and assign responsibility. Determine and evaluate possible courses of action. Make a decision. Review results of the decision. BRIEF EXERCISE 7-2 Net Income Increase (Decrease) ($ 35‚000) (25‚000) $ 10‚000 Alternative A Revenues Costs Net income $150‚000 100‚000 $ 50‚000 Alternative B $185‚000 125‚000 $ 60‚000 Alternative B is better than Alternative A. BRIEF EXERCISE 7-3 Net Income
Premium Variable cost Costs Total cost