Let’s consider the effects of inflation in an economy composed of onlytwo people: bob, a bean farmer, and rita, a rice farmer. bob and ritaboth always consume equal amounts of rice and beans. in 2010, theprice of beans was $1, and the price of rice was $3.a. suppose that in 2011 the price of beans was $2 and the price ofrice was $6. what was inflation? was bob better off, worse off, orunaffected by the changes in prices? what about rita? b. now suppose that in 2011 the price of beans was $2 and the priceof rice was $4. what was inflation? was bob better of , worse off, or unaffected by the changes in prices? what about rita?
c. what matters more to bob and rita-the overall inflation rate orthe relative price of rice and beans?

Andrew cooper decides to become a part owner of a corporation. as a part owner, he expects to receive a profit as payment because he has assumed the risk of - serious inflation eroding the purchasing power of his investment.- being paid before the suppliers and employees are paid.- losing his home, car, and life savings.- losing the money he has invested in the corporation and not receiving profits.- the company giving all of the profits to local communities

Salty sensations snacks company manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. the company has budgeted the following costs for the upcoming period: 1 factory depreciation $33,782.00 2 indirect labor 84,456.00 3 factory electricity 8,446.00 4 indirect materials 40,356.00 5 selling expenses 26,900.00 6 administrative expenses 17,200.00 7 total costs $211,140.00 factory overhead is allocated to the three products on the basis of processing hours. the products had the following production budget and processing hours per case: budgeted volume (cases) processing hours per case tortilla chips 3,600 0.25 potato chips 5,300 0.11 pretzels 2,300 0.49 total 11,200 required: a. determine the single plantwide factory overhead rate.* b. use the factory overhead rate in (a) to determine the amount of total and per-case factory overhead allocated to each of the three products under generally accepted accounting principles. refer to the amount descriptions list provided for the exact wording of the answer choices for text entries.* * if required, round your answers to the nearest cen

Which statement best defines tuition? tuition is federal money awarded to a student. tuition is aid given to a student by an institution. tuition is money borrowed to pay for an education. tuition is the price of attending classes at a school.