Jones Company uses a job-order costing system with a predetermined overhead rate of 120% of direct labor cost. The job cost sheet for Job #420 showed that Jones Company spent $4,000 on direct materials and $5,000 on direct labor on the job. What is the total cost of Job #420? Smith, Inc. uses a job-order costing system with the predetermined overhead rate of $12 per machine-hour. The job cost sheet for Job #42A listed $12,000 in direct labor cost, $18,000 in direct materials cost, 1,200 direct labor-hours and 1,100 machine-hours. The total cost of Job #42A is $ (Enter your answer as a whole number.)

Answers

Answer 1

We may determine the overall cost of the work to be $15,000 based on the various charges involved.

How is the overhead rate determined?

The amount your company is spending on producing goods or rendering client services is known as the factory overhead, often known as the overhead percentage. Divide these variable costs by the direct costs, then increase the result by 100 to get the overhead rate.

What is an illustration of an overheads rate?

Overhead expenditures include things like rent, power, business permits, accounting fees, marketing costs, and payroll. While direct costs are directly related to the product or service you provide, such which are for raw ingredients or packaging supplies, these prices are often stable and predictable.

Direct labor x 120%

$6,000

Total cost of Job #420

= Direct labor + direct supplies + overhead

= 5,000 + 4,000 + 6,000

= $15,000

In conclusion, the total cost is $15,000.

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Related Questions

Monow Manufacturing provided the following information at 1 June 2017. Machinery - Cost $18,100 - Accumulated depreciation $8,350 On 1 January 2018 a machine was sold for $3,000 cash. The machine was purchased on 1 September 2015 for $6,600. On 1 March 2018 a new machine costing $9,900 was purchased. Depreciation is charged for each month of ownership at 20% per annum on a straight line basis. Required (a) Calculate for the machine disposed of: (i) the total amount of depreciation charged (ii) the profit or loss on disposal. (b) Calculate the total depreciation charge on machinery for the year ended 31 May 2018. (c) Prepare an extract of the statement of financial position at 31 May 2018 showing machinery only​

Answers

In accountancy, depreciation is a term that refers to two aspects of the same concept.

What is the meaning of depreciation?

In accounting, the term "depreciation" refers to two different aspects of the same concept: first, the actual fall in an asset's fair valuation, such as the yearly decline in the value of manufacturing equipment.

Depreciation is the estimated decrease in the value of fixed assets over a fiscal year. For tangible items like real estate, machinery, vehicles, and others, large lump-sum purchases are made. To calculate depreciation using the straight-line method, subtract the asset's cost from its salvage value. The amount that can be depreciated, or the depreciable basis, is the outcome. Subtract this sum from the asset's useful life, which is measured in years.

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true/false. problem 3-1a (algo) determine accrual-basis and cash-basis revenues and expenses (lo3-1, 3-2) required: for each transaction, determine the amount of revenue or expense, if any, that is recorded under accrual-basis accounting and under cash-basis accounting in the current period.

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True. Finding the accrual-basis and cash-basis revenues and expenses for each transaction is required to solve the accounting algorithm problem 3-1a. This entails determining when revenue and expense recognition should occur and recording transactions accordingly.

What is accrual-basis revenue?

Regardless of when cash is received or paid, accrual-basis accounting records income and expenditures at the time they are earned or incurred. Contrarily, revenue and expenses are only recorded in cash-basis accounting when cash is received or paid.

The algorithm would have to decide whether revenue or expense should be recorded on an accrual basis or a cash basis for each transaction. There would also need to be a determination of the amount of revenue or expense recorded under each basis.

Overall, this necessitates a thorough comprehension of the distinctions between accrual-basis and cash-basis accounting as well as the capacity to apply these ideas to particular transactions.

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Katherine, a production manager at ABC Products, is interested in monitoring how projects were progressing, take steps to see if they were on time, and keep an eye on budget concerns. Which of the following can Katherine use?
a. Division of labor
b. Taylorism
c. Esprit de Corps
d. Scalar Chain principle
e. A scheduling system

Answers

Katherine can use a scheduling system. Option (e) is the correct answer to the question.

What do you mean by Budget?

In a budget, intended expenses are expressed together with suggestions for how to fund them. A budget can show a surplus of resources for later use or a deficit if expenses are greater than income or other resources.

Managers of production and operations make sure that goods are produced effectively and efficiently and that they adhere to all quality standards. They are also essential for organizing and projecting future demand, as well as controlling inventory levels.

Therefore, Option (e) is correct.

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Relationship between tax revenues, deadweight loss, and demandelasticity The government is considering levying a tax of $60 per unit on suppliers of either concert tickets or bus passes. The supply curve for each of these two goods is identical, as you can see on each of the following graphs. The demand for concert tickets is shown by Dc (on the first graph), and the demand for bus passes is shown by Dg (on the second graph). Suppose the government wants to tax the good that will generate more tax revenue at a lower welfare cost. In this case, it should tax [Bus passes / concert tickets] because, all else held constant, taxing a good with a relatively [Less / more] elastic demand generates larger tax revenue and smaller deadweight loss.

Answers

Taxing a good whose demand is substantially less elastic enables the government to increase income while minimizing welfare losses.

In India, what are the taxes?

Indirect taxes include price tax, service tax, value - added taxes, customs duty, etc. while direct taxes include income tax, capital gains tax, personal income tax, etc. Customs charge, regional vehicle tax, income tax, and sales taxes are just a few of the taxes that the Indian central government imposes.

How is income tax determined?

How can I figure out my income tax? You must total up all streams of income taxes earned throughout a tax year in order to determine your income tax liability. The following action is figuring out your adjusted gross revenue (AGI). Once you've done that, deduct from your total any allowable deductions.

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19. National Corporation is evaluating two mutually exclusive projects: Project A and Project B. cash flows of these projects are Cash Flows A Cash Flows B (Rs 100,000) (Rs 100,000) Year 0 1 2 3 4 5 30,000 30,000 30,000 30,000 30,000 30,000 30,000 40,000 40,000 20,000 The net The cost of capital of the Corporation is 12 percent. a. Calculate payback periods, which project is preferable? b. Calculate net present value of both projects. What would be your decision based on net present value? c. How would your decisions be affected if the projects are independent? d. Calculate profitability index of both projects. ​

Answers

National Corporation is evaluating two mutually exclusive projects:--------------.

The net present value of Project A = Rs 7,100

The net present value of Project B = Rs 8,026

Therefore, based on the net present value, Project B is preferable as it has a higher NPV.

What is  net present value?

Net Present Value (NPV) is a financial calculation that measures the present value of the expected future cash flows associated with an investment or project. It is used to determine whether an investment or project is profitable or not.

NPV is a commonly used metric in financial analysis, such as capital budgeting, to help decision-makers evaluate investment opportunities and make informed decisions.

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Amy Martin is a student who plans to attend approximately four professional events a year at her college. Each event necessitates a financial outlay of $100 to $200 for a new suit and accessories. After incurring a major hit to her savings for the first event, Amy developed a different approach. She buys a suit on credit the week before the event, wears it to the event, and returns it to the store the next week for a full refund on her charge card. Address the following in your response:
- Comment on the ethics exhibited by Amy and the possible consequences of her actions.
- How does the merchandising company account for the suits that Amy returns?

Answers

The ethics exhibited by Army and the consequences of her actions is:

She is essentially committing fraud by returning a suit she has worn and obtained full use of, without paying for it. Her actions go against the principles of honesty and integrity and can be seen as a form of theft.

The merchandising company usually accounts for the suits that Amy returns as part of their merchandise inventory.

What is the  ethics exhibited by Amy ?

The approach taken by Amy raises serious ethical concerns. She is essentially committing fraud by returning a suit she has worn and obtained full use of, without paying for it. Her actions go against the principles of honesty and integrity and can be seen as a form of theft. Furthermore, her actions may lead to consequences such as legal action and loss of reputation, especially if the store or the credit card company discovers her actions.

The merchandising company usually accounts for the suits that Amy returns as part of their merchandise inventory. They would consider the suits that are returned as "returned goods" and would treat them as unsold inventory that can be resold to another customer. However, if the company finds out that Amy has worn the suit and returned it, they may take action to stop her from returning suits in the future or even ban her from purchasing from their stores altogether.

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the four direct effects of tariffs are: a decline in consumption, increased domestic production, tariff revenue, and a(n) .

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the four direct effects of tariffs are a decline in consumption, increased domestic production, tariff revenue, and a decline in imports.

Which four direct impacts does a tariff have?

A tariff is a charge imposed on an imported commodity with the intention of safeguarding domestic employment, reducing rivalry among domestic industries, and increasing government revenue.

When a country applies tariffs on imported goods, domestically produced goods typically become more affordable than those that are brought in. Owing to the tariff's pricing impact, domestic production and consumption of goods increase while imports from other countries decline.

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You own a food delivery business in a smaller town than DoorDash cares about. But you have just heard about a new competitive service run by some pesky rival from a neighboring town. They are offering similar services but with a membership fee of $40, and a delivery fee of $1 less per delivery. You figure your customers average one delivery per week and if they signed up with the competitor they would be taking a delivery the same day they signed up (52 in total per year). You estimate an opportunity cost of funds of 9% per year (expressed as an effective annual rate).
a) Estimate the present value of the delivery cost savings for an average customer if they wanted a delivery today. (Don't include the membership fee)
b) If the coupon becomes payable at the end of the 52nd week, what is the minimum amount the coupon must be to keep your average customer?

Answers

It would be this., sorry gotta get that bag

Using a perpetual inventory system, the buyer's journal entry to record the return of merchandise purchased on account includes _____.
(a) credit to the cost of goods sold
(b) credit to accounts payable
(c) credit to purchase returns
(d) credit to inventory.

Answers

Using a perpetual inventory system, the buyer's journal entry to record the return of merchandise purchased on account includes credit to inventory.

What is perpetual inventory system?

Generally, The buyer's journal entry to record the return of merchandise purchased on account includes credit to inventory when using a perpetual inventory system.

The journal entry would typically include a debit to accounts payable and a credit to inventory to reflect the return of the merchandise. The cost of goods sold would also be reduced by the amount of the returned merchandise.

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using the pie chart in your reading, what percentage of our total tax dollars (the whole pie chart), is used to fund the social security and medicare programs

Answers

In the year 2020, the federal government will have spent a total of $1.869 trillion on Social Security and Medicare.

What are Social Security and Medicare?

Federal authorities oversee the Social Security program. The program makes payments to qualified persons out of taxes placed in a trust fund. A government-run health insurance program called Medicare is available to anyone 65 and older as well as some people under 65 who have certain illnesses or impairments.

Step 1 -

The total of Medicare and Social Security Spend is calculated as:

Medicare  +Social Security = $   769,000,000,000+ $ 1,100,000,000,000

Total   = $ 1,869,000,000,000 or $1.869 Trillion

Step 2 -

Compute the percentage of the Medicare and Social Security spending as a percentage of the total spend.

Total Spend = $6.6 Trillion (or $6,600,000,000,000)

Hence the percentage spent on Social Security and Medicare of the total is:

Formula = (Value / Total) x 100%

Therefore:

($1.869 Trilion/$6.6 Trillion) x 100%

or   ($ 1,869,000,000,000/$6,600,000,000,000) x 100%

               = 0.28318181818 X 100%

The percentage spent on Social Security and Medicare of the total is =  28.32% of the Total Spending.

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Fill in the blankwhen gathering information on performance, hr relies on ___ more frequently than any other group, because they will have the most accurate information.

Answers

When gathering information on performance, HR relies on managers more frequently than any other group, because they will have the most accurate information.

Who is an HR?

HR is the division of a business that is charged with finding, screening, recruiting, and training job applicants. It also administers employee-benefit programs. HR plays a key role in helping companies deal with a fast-changing business environment and a greater demand for quality employees in the 21st century. John R. Commons, an American institutional economist, first coined the term human resource in his book The Distribution of Wealth, published in 1893.

HR also administers employee-benefit programs.

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Suppose that the current 1-year rate (1-year spot rate) and expected 1-year T-bill rates over the following three years (i.e., years 2, 3, and 4, respectively) are as follows:
1R1 = 3.26%, E(2r1) = 4.70%, E(3r1) = 5.20%, E(4r1) = 6.70%
Using the unbiased expectations theory, calculate the current (long-term) rates for 1-, 2-, 3-, and 4-year-maturity Treasury securities. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Answers

The price offered for immediate settlement on an interest rate, commodity, security, or currency is known as the spot rate.

What is Spot rate?

The price or return for the same product or asset at a particular future date is referred to as the forward rate, whereas on the other hand. A spot rate is typically used to describe the current price or bond return. The price of a product that is being exchanged immediately, or "on the spot," in the marketplaces for commodities futures is known as a spot rate.

1R1     3.26%

E(2r1)  4.70%

E(3r1)  5.20%

E(4r1)  6.70%

1R1 = 3.26%

1R2 = ((1+1R1)*(1+E(2r1)))^1/2-1

1R3 = ((1+1R1)*(1+E(2r1))*(1+E(3r1)))^1/3-1

1R4 = ((1+1R1)*(1+E(2r1))*(1+E(3r1))*(1+E(4r1)))^1/4-1

                   Spot rate                  

1R1 = 3.26%  = 3.26%

1R2 = ((1+0.0326)*(1+0.0470))^(1/2)-1  = 3.98%

1R2 = ((1+0.0326)*(1+0.0470)*(1+0.0520))^(1/3)-1  = 4.38%

1R4 = ((1+0.0326)*(1+0.0470)*(1+0.0520)*(1+0.0670))^(1/4)-1 = 4.96%

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FILL IN THE BLANK g. jone's consulting company's adjusted trial balance shows the drawing account has a debit balance of $3,000. the journal entry to close this account will include a debit to the _____ account, in the amount of $3,000.

Answers

The journal entry to close the drawing account will include a debit to the owner's capital account, in the amount of $3,000.

What is an adjusted trial balance, and why is it important for financial reporting?

An adjusted trial balance is a financial statement that lists all the account balances after adjusting entries have been made. Adjusting entries are made at the end of an accounting period to ensure that financial statements accurately reflect a company's financial position and performance. The adjusted trial balance is important for financial reporting because it is used to create other financial statements, such as the balance sheet and income statement. These statements are used by stakeholders to assess a company's financial health and make decisions about investments, lending, and other business activities. The accuracy of these statements depends on the accuracy of the adjusted trial balance.

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Company Z is a private limited company in the secondary sector of the economy. It
manufactures components used in the computer industry. They employ 80 production workers
and ten management and administrative staff. The company has just made record profits. The
shareholders are very pleased because they expect to receive high dividends as their share of
profits. The workers' trade union thinks that their members should get a big pay rise. The
directors of Company Z are considering each of these options. Over the past two years the
company's profits have increased by 15% each year.
a Identify any two of Company Z's stakeholders.

b What is meant by 'secondary sector"?

c Identify and explain two features of a private limited company.

d Identify and explain two ways the objectives of a private sector business like Company Z are different from public sector organisations.

e Do you think the directors should use the profits to reward shareholders or to reward workers? Justify your answer. ​

Answers

a. Two stakeholders of Company Z could be its shareholders and employees (represented by the trade union).

b. The secondary sector refers to the part of the economy that is involved in the production of finished goods, typically using raw materials obtained from the primary sector.

c. Two features of a private limited company are limited liability and a restriction on the transfer of shares. Limited liability means that the owners/shareholders are only liable for the company's debts up to the amount they have invested, and their personal assets are not at risk. The restriction on the transfer of shares means that shares in the company cannot be freely bought or sold without the agreement of the other shareholders.

d. Private sector businesses like Company Z are primarily driven by profit and the pursuit of self-interest, while public sector organizations are typically driven by the objective of providing a public service or meeting a specific social need. Private sector businesses are also typically subject to less government regulation and intervention than public sector organizations.

e. This is a subjective question and there is no right or wrong answer. The directors of Company Z will need to consider a range of factors, including the impact on the company's long-term sustainability, the expectations of its shareholders and employees, and the wider social and economic implications of their decision. Ultimately, the directors will need to strike a balance between the different interests of stakeholders, including the shareholders and employees.

Which of the following would be considered a topic of study in macroeconomics? Select one:
a. the impact of agricultural price support programs in the cotton industry.
b. the effect on US steel producers of an import quota on foreign steel.
c. the effect of an increase in the US inflation rate on the economy.
d. the effect of an increase in the price of coffee beans on the US coffee industry.
e. none of the above are macroeconomics topics.

Answers

The effect of an increase in the US inflation rate on the economy would be considered a topic of study in macroeconomics.

What is macroeconomics?

Macroeconomics is the study of an economy's general functioning, structure, behavior, and decision-making. Controlling the growth and stability of an economy, for instance, by the use of interest rates, taxes, and government spending. This covers the regional, governmental, and global economies. The area of economics known as macroeconomics focuses on big-picture or general economic problems and how they interact with economies. The analysis of entire economies is involved. Controlling the growth and stability of an economy, for instance, by the use of interest rates, taxes, and government spending. This covers the regional, governmental, and global economy. Macroeconomics, as opposed to researching specific problems, focuses on the variables that have an effect on the economy or society as a whole. It is also known as aggregate economics.

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T/F: Empty space on a page is called white space, which can be used to enhance the readability of business messages

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The answer is true !

in cell l12, write a formula that determines the actual penalty owed based on the penalty schedule (cells h1:i8). for example, unpaid tax balances of less than $100 owe no penalty, and unpaid tax balances of at least $100 but less than $1,000 are charged a penalty of 3% of the unpaid tax amount. the range h3:i8 is named penalty. (hint: use an if function to determine if the unpaid tax amount is negative, indicating that the irs owes the taxpayer a refund and, therefore, no penalty applies.) copy this formula both down the column to calculate the penalty for the corresponding id

Answers

To determine the actual penalty owed based on the penalty schedule in cell L12, you can use an IF function to check if the unpaid tax amount is negative or not. If it is negative, it means that the IRS owes the taxpayer a refund, and no penalty applies.

If it is positive, you can use the VLOOKUP function to find the corresponding penalty rate from the penalty schedule and calculate the penalty amount.

Here is the formula you can use in cell L12:

=IF(K12<0, 0, VLOOKUP(K12, penalty, 2, TRUE)*K12)

This formula first checks if the unpaid tax amount in cell K12 is negative or not. If it is negative, it returns 0 as the penalty amount. If it is positive, it uses the VLOOKUP function to find the corresponding penalty rate from the penalty schedule in the range H3:I8, which is named "penalty".

The VLOOKUP function looks for the unpaid tax amount in the first column of the penalty range, finds the closest match that is less than or equal to the unpaid tax amount, and returns the corresponding penalty rate from the second column of the penalty range. The TRUE argument in the VLOOKUP function indicates that you want to find an approximate match. Finally, the formula multiplies the penalty rate by the unpaid tax amount to calculate the penalty amount.

You can copy this formula down the column to calculate the penalty for the corresponding ID.

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_____ is the process of assessing how well one company's basic functions and skills compare with those of another company or set of companies.
A. Benchmarking
B. Situational analysis
C. Brainstorming
D. Satisficing
E. Strategic planning

Answers

Benchmarking is the practise of determining how well one company's core competencies and capabilities stack up to those of another company or group of companies.

What is Benchmarking?

Benchmarking is the process of comparing a firm's products, services, or procedures to those of another company that is regarded as being the "best in class" in the industry. Finding internal improvement opportunities is the goal of benchmarking. The purpose of benchmarking is to develop new procedures or enhance existing ones in order to meet that higher standard. It's an ongoing process. Instead, it's an additional component of continuous process improvement that the top firms commit to if they want to maintain their competitiveness.

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in this module, which of the following terms do not refer to a single occurrence of marketing misrepresentation?

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In this module of your reference, the term that does not refer to a single occurrence of marketing misrepresentation is "false advertising." False advertising refers to a practice in which a company makes false or misleading claims about a product or service in order to sell it. This is a broader term that can encompass multiple instances of marketing misrepresentation.

The other terms listed, such as "bait and switch," "deceptive pricing," and "misleading labeling," all refer to specific types of marketing misrepresentation that may occur on a single occasion. For example, "bait and switch" refers to a specific practice in which a company advertises a product at a low price, but then tries to sell a different product at a higher price once the customer is in the store. Similarly, "deceptive pricing" refers to a specific practice in which a company falsely inflates the original price of a product in order to make a discount seem larger than it actually is. "Misleading labeling" refers to a specific practice in which a company makes false or misleading claims on a product's label in order to sell it.

Overall, the term "false advertising" is the one that does not refer to a single occurrence of marketing misrepresentation, as it is a broader term that can encompass multiple instances of such practices.

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_______ focuses on the attributes that consumers seek and what they expect to receive from a good or service.
a. Psychographic segmentation
b. Benefit segmentation
c. Geodemographic segmentation
d. Usage-rate segmentation

Answers

Benefit segmentation focuses on the attributes that consumers seek and what they expect to receive from a good or service. Thus the correct option is B.

What is segmentation?

Segmentation is a marketing strategy in which goods are classified based on the target audience in order to reach a wider market and gain excess revenue. This segmentation of the market is based on common needs.

When divides consumers into groups according to the perceptions of value and advantages they can generate from products and services called Benefits segmentation. This type of segmentation enables marketers to determine which benefits appeal to different markets.

Therefore, option B is appropriate.

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identify which of the following are correct statements about the process of journalizing in the general journal:

Answers

The description should refer to the information's source, the debit is placed on the first line of the entry, and the date is put correctly in the general journal by entering the year first, then the month and day.

General Journal: What is it?

The transactions relating to adjustment entries, opening stock, depreciation, accounting errors, etc. are documented in a general journal, which is a daybook or subsidiary journal. General journal entries may have invoices, copies of management reports, and journal vouchers as their source documents.

Prime entry books, also known as books of original entry, are journals because transactions were first recorded in a journal before being physically posted to accounts in the general ledger or a subsidiary ledger. It is the process of recording double-entry accounting transactions by debiting one or more accounts and crediting one or more other accounts with the same sum of money.

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Correct question:

Identify which of the following are correct statements about the process of journalizing in the general journal: the description should refer to the source of the information debit is recorded on the first line of the entry date should be entered year first, then the month and day

Which of the following is the best equation for calculating the growth rate in the standard of living?
O Growth Rate of Population = ((Year 2 Population – Year 1 Population)/Year 1 Population) × 100%
O Growth Rate of Nominal GDP = ((Year 2 Nominal GDP – Year 1 Nominal GDP)/Year 1 Nominal GDP) × 100%
O Growth Rate of Real GDP = ((Year 2 Real GDP – Year 1 Real GDP)/Year 1 Real GDP) × 100%
O Growth Rate of Real GDP per Capita = ((Year 2 Real GDP per Capita – Year 1 Real GDP per Capita)/Year 1 Real GDP per Capita) × 100%

Answers

D) Real GDP per Capita Growth Rate = ((Year 2 Real GDP per Capita – Year 1 Real GDP per Capita)/Year 1 Real GDP per Capita) 100 percent.

Which one of the following is the right way to figure out economic growth?

The most common method for calculating GDP is to add up all of the money spent by consumers, businesses, and the government during a given time period. The equation is: GDP is the sum of consumer spending, investment by businesses, government spending, and net exports.

How is the real growth rate determined?

The following real GDP figures will serve as the basis for your calculation of the real GDP growth rate: The growth rate of real GDP is equal to the ratio of real GDP in the most recent years divided by real GDP in the previous years.

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which of the following is the price a lender believes the property will bring at a foreclosure sale?

Answers

Answer:Mortgage value is based on what lenders would hope to recoup (Insured value)

Explanation:

Profit*

1. is a type of economic system where supply and demand regulate the economy, rather than government intervention.

2. is the difference between the revenue received from the sale of an output and the costs of all inputs used, as well as any opportunity costs

3. is a branch of economics dealing with performance, structure, behavior, and decision-making of an economy as a whole.

4. is a branch of mainstream economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms

Answers

Profit is the difference between the revenue received from the sale of an output and the costs of all inputs used, as well as any opportunity costs. The Option 2 is correct.

What is an economic profit?

An economic profit is defined as the difference between sales revenue and the explicit costs of producing goods and services, as well as any opportunity costs. Opportunity costs are a type of implicit cost that management determines and will vary depending on different scenarios and perspectives.

Economic profit is the monetary amount left after deducting both explicit and opportunity costs from revenue. Opportunity costs are the profits that a company foregoes by pursuing one business venture over another.

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Suppose miss roxanne davenport is 25 years old right now and puts away $1,800 per quarter in an account that returns 6% interest.

Answers

The total amount in the account after 65 years is $1182000 as per the given data and the total contribution to the account is $288000.

The given data is as follows:

The present age of Roxanne davenport = 25 years

Money invested in the quarter account = $1,800

Interest rate = 6%

The total number of required years = 65 - 25

years for contribution =  40 years

a. To calculate the total amount in the account after 65 years, the formula used here is:

Total amount = Annuity[((1+r)^n -1) / r]

Total amount = 1800×[((1+0.06/4)^(4 × 40) - 1)/(0.06/4)]

Total amount  = 1800 x [(9.82)/ (0.06/4)]

Total amount  = 1800 x 656.66

Annuity = $1182000

b. The total contribution to the account =1800 × 4 Quarter × 40 Years

The total amount contribution to the account  = $288000

The total amount in the account after 65 years is $1182000 as per the given data and the total contribution to the account is $288000.

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The complete question is-

Suppose miss Roxanne davenport is 25 years old right now and puts away $1,800 per quarter in an account that returns 6% interest.

a. How much will be in the account when she turns 65.

b.What is her total contribution to the account?

earl is hall's agent for a real estate transaction. which of the following will terminate the agency relationship by act of the parties?

Answers

Earl revoking his agency will terminate the agency relationship by act of the parties.

What is agency?

Agency refers to a character's ability to move in a particular situation. It is separate from moral agency, which is the moral component. An agent is a person interacting with the social system in sociology. However, sociologists disagree on whether societal structure or individual capacity should take precedence when determining how people behave. The degree of reflexivity an entity may have is a topic of discussion, at least in part. All contemporary law systems acknowledge agency as a necessary component of the current social order.

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which of the following most effectively provided a way to address sinclair's view about working conditions for people in industrial jobs?

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The legislation passed during the Wilson presidency to authorize labor unions most successfully addressed Upton Sinclair's and others' concerns for industrial employees.

What exactly do we mean by "legislation"?Legislation is the action or outcome of a legislature, parliament, or comparable governing body enrolling, enacting, or promulgating laws. A legislative body's creation and enactment of laws through its legislative process is referred to as legislation. The legislative process comprises deliberating, amending, and passing legislation. It is concerned with the language used in the legislation to communicate the proposal's guiding assumptions, conclusions, and goals.Legislative powers are split up into three categories. lists by state, union, and concurrent. Although statutory laws are the fundamental structure of the law needed by the modern legal system. Additionally, the two sorts of the legislature are subordinate legislation and supreme legislation.

The complete question is:

Which of the following most effectively addressed the concerns that Upton Sinclair and others had for industrial workers?

(A) State legislation that limited the hours and working conditions for women and children

(B) President Theodore Roosevelt 's promise for an impartial set of rules, or "Square Deal," for labor

(C) Legislation passed during the Wilson presidency to legalize the organization of labor unions

(D) The formation of the Socialist Party under the leadership of Eugene Debs

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Arrival of Vehicles at an Intersection. The time between arrivals of vehicles at a particular intersection follows an exponential probability distribution with a mean of 12 seconds.

Answers

Given Information: Let X denotes the times between car arrivals. Therefore the chance that arrival times between cars are 12 seconds or much less is 0.6321.

Does the time between arrivals of vehicles at a particular intersection follows an exponential?

The time between arrivals of cars at a precise intersection follows an exponential chance distribution with a imply of 11 seconds.

In this case, the variance is 26.739. Finally, we want to locate the likelihood that there will be fewer than 2 arrivals in a given minute. This is located by means of dividing the preferred deviation with the aid of the variance. In this case, the chance is 0.739 or 73%.

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At the mall julie finds a sale at her favorite store. Two pairs of pants will cost $42. If she wants to buy 5 pairs of pants, how much will she pay at the sale price?.

Answers

Julie would pay $105 at the sale price if she wants to buy 5 pairs of pants. Additionally, taxes or other fees may apply to the purchase, which would increase the total cost.

To begin, let's first determine the cost of one pair of pants at the sale price. We know that two pairs of pants cost $42, so one pair of pants would cost half of that amount, which is $21.

Now we can calculate the total cost of five pairs of pants. Since each pair costs $21, we can multiply the cost of one pair by the number of pairs Julie wants to buy:

$21 per pair x 5 pairs = $105

It's important to note that this calculation assumes that the sale price is a flat discount off the regular price of the pants, rather than a tiered discount that changes depending on the number of items purchased. In some cases, stores may offer a greater discount for purchasing more items, in which case the total cost would be different. Additionally, taxes or other fees may apply to the purchase, which would increase the total cost.

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Assume a company had net operating income of $300,000, sales of $1,500,000, residual income of $130,000, and a minimum required rate of return on average operating assets of 13.25%. The company’s average operating assets are closest to:

Answers

The company’s average operating assets are closest to 14.8%. Residual Income = Net operating income - Minimum required.

What are operating assets?

Assets that are required to produce revenue are referred to as operating assets because they are those that are purchased for use in a business' continuous activities.

Cash, pre-paid expenses, accounts receivable, inventories, and fixed assets are a few examples of operating assets. The assets of a business that help it generate money are called operating assets.

Examples include intangible assets as well as tangible assets like money and equipment. Assets that are not seen as being a part of a business's primary operations are referred to as non-operating assets.

Non-operating assets include things like vacant land, extra machinery, investment securities, and so on.

The non-operating income of a firm is influenced by income from non-operating assets. Current assets, fixed assets, financial investments, and intangible assets are some basic categories for assets.

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