Answer:
1,200 hours
Explanation:
Solving mathematically this will be :
<em>y = ax^b</em>
where,
y is the cumulative average time required to produce x units
a is the time required to produce the first unit of output
x is the number of units of output under consideration
b is the log of the Learning Curve % divided by Log 2
The firm use 150 hours to work on the product during the second month
Amount of time used in the first month will be calculated as :
y = 400(8)^(-0.322)
= 204.8 hours (average)
Total for 8 units = 204.8 hours × 8 units
= 1,638.40 hours
Amount of time used for the total months to manufacture 18 units :
y = 400(18)^(-0.322)
= 157.74 hours (average)
Total for 18 units = 157.74 hours × 18 units
= 2,839.32 hours
Therefore,
Hours to be used in the second month = Time on 18 units - Time on 8 units
= 2,839.32 hours - 1,638.40 hours
= 1,200 hours
So, the firm use 1,200 hours in total for the 10 units. Which gives an average of 120 hours per unit
Answer:
C) Friday, midnight
Explanation:
In this case, the homeowner is considered a borrower, and federal law gives borrowers three full business days after signing mortgage documents to rescind any loan. Since the loan documents were signed a Tuesday, the borrower has until Friday, midnight to cancel any deal (3 days = Wednesday, Thursday and Friday).
Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $6,240
Credit card expense A/c Dr $260 ($6,500 × 4%)
To Sales A/c $6,500
(Being the deposit is recorded)
For recording the deposit, we debited the cash account, credit card expense and credited the sales account so that the proper posting can be done.
Answer:
A. Micro-economics
Explanation:
Micro-Economics represents a study of economic activiites or economic choices that affect individual businesses or organisations, individual consumers or individual families. Since the focus of Williams & Co is on determining appropriate prices for products sold in its individual firm, then the focus is micro-economics
Macro Economics represents the study of economic activities and choices but instead of the individual level, it studies these acivities at the overall national level or at the global level. So the study of pricing among the various detergent producing firms in the United States is under the purview of macro economics
Monetary policy focuses on the tools that are used to regulate the entire economy especially the Federal Reserve through the regulation of the activities of member financial institutions.
Fiscal Policy focuses on the activities of government to control its expenditure, tax rates and overall monitor or regulate the economy
Answer:
Prepare a single-step income statement for the year ended December 31, 2020
Explanation:
SUNLAND CORPORATION
Inconme statement
For the year endend December 2020
Revenue
Net Sales 2.425.800
Interes Revenue 38.200
Total Revenue 2.464.000
Expenses
Cost Of goods 1.458.200
Administrative expenses 212.600
Selling xpenses 282.000
Interes expense 46.400
Tax rate 139.440
Expenses 2.138.640
Net income 325.360
Shares issued 70210
Earning p/share 4,63
