Present Value involves discounting, and future value involves compounding.
The find present value of a dollar a year from now, we must discount by the discount rate, since a dollar a year from now is not worth as much as a dollar today.
To find the future value (in a year) of a dollar we receive today, we increase the dollar by the discount rate, since our dollar today is worth more than a dollar a year from now.
Forgone output is the fundamental economic cost of unemployment. So, output (option (b)) is the right choice.
<h3>Forgone labour output </h3>
Forgone labour output is the amount of money that persons would have made over the course of their remaining working lives, discounted to the current year if they had not passed away too soon. Forgone labour production, like other accounting metrics like the Gross Domestic Product (GDP), is not meant to represent a gauge of society's prosperity. This brings us to the welfare-based approach, which is the second method for estimating the costs of premature death.
The potential for the production of goods and services is lost forever when the economy fails to provide enough jobs for everyone who is able and willing to work.
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Answer:
The correct answer is the option D: All of these are correct.
Explanation:
On the one hand, a "trust" is known in the economics and business field as the partnership between two or more companies that produce in the same industry and therefore that the main objective of this new agreement among the partners is to increase the market area or to take more advantage by working together, increasing both parties revenues.
On the other hand, the NFL trust is known to dominate the market of the football league in all its aspects, including all the teams logos and trademarks as well as the organization of the league's properties rights and the distribution of revenue for those concepts.
Answer:
The correct answer is Controlling stage.
Explanation:
Performing a check on the marketing plan is essential in any organization, as it allows you to check to what extent the planned objectives are being met.
The control is conceived as the set of measures implemented in order to check the results of the business effort and analyze the causes of the successes and the errors to take the relevant measures.
Without control, and it is something that is not debatable in any type of organization, no effort made will be valid. You are welcome to direct, manage, organize, if this last stage is not applied correctly. The Marketing Plan must indicate which methods, which systems, which are the active and passive subjects of the control, the regulatory channels and the appropriate regulations, the levels to which it will be applied and the guarantees that the information arrives devoid of subjective opinions.
Knowing if everything is developing according to the agreed plans and the planned objectives is the primary purpose of the control function. In effect, the control allows to know and judge the results obtained by deepening and clarifying the reasons that have motivated the variations and serves as the first element for taking corrective actions of the deviations of the Marketing Plan. This does not mean that all deviations from the Plan are negative, but that the analysis of these modifications must be decisive on the sign of the deviation, ensuring it in the future in the case of being positive and taking a different approach in the opposite case.
Answer:
211%
$34.9 per direct labor hour
Explanation:
As per the data given in the question,
Pre-determined overhead rate = Total overhead ÷ Direct labor cost
= $191,950 ÷ $90,600
= 211 % of Direct labor hour
Pre-determined overhead rate = Total overhead ÷ Direct labor hours
= $191,950 ÷ $5,500
= $34.9 per direct labor hour
We simply applied the above formulas to determine the value of predetermined overhead rate.