Question
12,000 Kg of a material were input to a process in a
period. The normal loss is 10% of input There is no opening or closing work-in-progress. Output in the period was 10,920 Kg. What was the abnormal gain/loss in the period?Solution
Normal loss = 10% of 12,000 Kg = 1,200 Kg. Expected output = Input - Normal loss = 12,000 Kg - 1,200 Kg = 10,800 Kg Actual output = 10,920 Kg Abnormal gain = Actual output - Expected output = 10,920 Kg - 10,800 Kg = 120 Kg.
In a flexible exchange rate system, if domestic interest rate increases, then which of the following is true:
In the long run, the steady state rate of growth of a capitalist economyÂ
Which school of economic thought suggested that one possible cause of inflation was a ‘push’ from the cost side?
A bag contains 8 Black and 4 White balls. 10 balls were randomly selected from the Bag. What is the probability that out of the 10 balls selected at ran...
The credit manager at a Departmental store collects data on 100 of her customers. Of the 60 men, 40 have credit cards (C). Of the 40 women, 30...
If the public consumes €100 billion less and the government purchases €100 billion more (other things unchanging), which of the following stat...
In a market economyÂ
Which of the following are characteristic of the ‘Accelerator Theory’ of investment?
GNP exceeds NNP by:
Which of the following is not true with regard to credit rating agency?
