Answer:
D. expansion
Explanation:
A business cycle is made up of six stages including: expansion, peak, recession, depression, trough, and recovery.
The trough is the lowest stage of the business cycle.
It is followed by recovery where the economy starts to turn around.
However the stage of economic growth after a trough is the expansion stage, where real gross domestic product (GDP) grows for more than 2 quarters.
This stage is characterised by rise in consumer confidence, employment, and the equity market.
Answer:
$550 favorable
Explanation:
Douglas industries was involved in the manufacturing of 5,500 units of a product which required 2.5 standard hours per unit.
The standard fixed overhead cost per unit is $2.20 for each hour at 13,500 hours
Therefore, the fixed factory overhead volume variance can be calculated as follows
= (13,500-(5,500×2.5hours)×$2.20
= (13,500-13,750)×$2.20
= -250 × $2.20
= -$550
= $550 favorable
Hence the fixed factory overhead volume variance is $550 favorable
Answer: Accounting profit = $35000, Economic profit = $13000
Explanation:
Accounting profit = Revenue - Explicit cost
Accounting profit = Revenue - Cost of Help - Rent - Cost of materials
Accounting profit = $72000 - $12000 - $5000 - $20000
Accounting profit = $35000
Economic profit = Revenue - Explicit cost - Implicit Cost
Economic profit = Revenue - Cost of Help - Rent - Cost of materials - Renting equipment - working for competitors - talent
Economic profit = $72000 - $12000 - $5000 - $20000 - $4000 - $15000 - $3000
Economic profit = $13000
Answer:
Company A
The cost assigned to Ending Inventory under periodic inventory system and based on the weighted average method is:
= $465
Explanation:
a) Data and Calculations:
Units Unit Cost Total Costs
Beginning inventory on January 1 320 $ 3.00 $960 (320 * $3.00)
Purchase on January 9 80 3.20 256 (80 * $3.20)
Purchase on January 25 100 3.34 334 (100 * $3.34)
Total 500 $3.10 $1,550 ($1,550/500)
Units sold -350 $3.10 -$1,085 (350 * $3.10)
Ending inventory 150 $3.10 $465 (130 * $3.10)
South Africa, as a country still experiences a scarcity of skilled workers. This should not be, given the country's population size.
<h3>What is the scarcity of skilled workers?</h3>
The scarcity of skilled workers means that South African companies cannot attract the manpower they need to power the South African industry and economy.
However, this scarcity can become a thing of the past if many more South African companies can start investing in the education sector by giving out scholarships, grants, and endowing academic chairs in the universities.
This was how the economy of the United States was enabled to flourish until today. South African companies can emulate their footsteps.
Thus, South Africa, given its enormous population, has no business experiencing a scarcity of skilled workers.
Learn more about the scarcity of skilled workers at brainly.com/question/1787954
