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2 years ago

Which of these facts about a region are most helpful in understanding the region's economy?

1 answer:

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The average age of the population, the location of major cities, shipping ports, and beaches, as well as the climate, are all important aspects to consider while attempting to comprehend the local economy.

This is further explained below.

<h3>What is the economy?</h3>

Generally, The creation, distribution, and exchange of products and services, as well as their consumption, all take place inside an economy. As a social domain, it is characterized by an emphasis on the "creation, use, and management of finite resources" via behaviors, discourses, and tangible manifestations.

In conclusion, When trying to get an idea of a region's economy, it is important to look at a number of different elements, such as the typical age of the population, the location of major cities and shipping ports, the climate, and the beaches.

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The Marshall Company has a process costing system. All materials are added when the process is first begun. At the beginning of

Oliga [24]

Answer:

The equivalent units of of materials in September = 62,400 units

Explanation:

Equivalent units are useful to apportion cost between work in progress and completed units. They are notional whole units which represent incomplete work

Equivalent Units = Degree of work completed (%) × inventory units

Items units workings Equivalent units

Completed unit 58,500 58,500× 100% = 58,500

Closing WIP 6,500 6,500 × 3/5 = 3,900

Total equivalent units of materials 62,400.

The equivalent units of of materials in September = 62,400 units

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3 years ago

Assuming no change in government spending, an decrease in taxes of $80 billion with an mpc of 0.50 will add a total of $________

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Assuming no change in government spending, a decrease in taxes of $80 billion with an mpc of 0.50 will add a total of $ 400 billion to the economy after the multiplier effect.

The economy is defined as the management of financial matters in communities, businesses, or families. An example of an economy is the US stock exchange system.

A standard definition of the economy might describe economics as a social science focused on meeting needs and desires through the allocation of scarce resources with alternative uses. Going further, we can say that economy is the study of scarcity and choice. The economy is defined as the management of financial matters in communities, businesses, or families. An example of an economy is the US stock exchange system.

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2 years ago

Digital photography replacing film photography would be an example of a(n) _____. Group of answer choices radical innovation reg

Ratling [72]

Answer:

disruptive innovation.

Explanation:

A disruptive innovation can be defined as an innovation that typically creates a new market for a product by displacing or removing an existing product from the market.

Digital photography replacing film photography would be an example of a disruptive innovation.

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3 years ago

Should any of these ratios or the change in a ratio warrant concern for the managers of Tyler Toys or the shareholders? (Selec

Murrr4er [49]

Answer:

C. The company has a very poor turnover of assets and collects its receivables quickly; thus there are some concerns from these ratios. D

Explanation:

Let's be mindful that turnover here refers to revenue, while receivables refer to amounts owed to the company. So, If the company has a very poor turnover of assets it means it isn't making much revenue, and it is collecting its receivables quickly implying there are some concerns (imbalances) from these ratios.

Therefore, the managers of Tyler Toys or the shareholders need to work out a solution.

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3 years ago

Harwood Company uses a job-order costing system. Overhead costs are applied to jobs on the basis of machine-hours. At the beginn

NNADVOKAT [17]

Under- or Over-Applied Manufacturing Overhead:

Under- or Over-Applied Manufacturing Overhead refers to the balance in the manufacturing overhead control account after the actual overhead costs that were incurred and the applied overhead for the period has been recorded

1 .The appleid overhead is the predetermined rate of $2.40 per machine hour multiplied by the actual number of machine hours (75,000), so it is $180,000.

The applied overhead is debited to work-in-process inventory and credited to the manufacturing overhead account.

2. The underapplied or overapplied overhead for the year is the difference between the actual and applied overhead. We can show it in the T-account like this:

3. The company estimated its total overhead cost to be $192,000 and its total machine hours to be 80,000. The actual overhead cost was $184,000 and the actual machine hours were 75,000. We can see that the main reason why the manufacturing overhead was underapplied was the fact that it worked fewer machine hours than anticipated with a proportional decrease in the manufacturing overhead costs incurred. This is normal because an element of manufacturing overhead is fixed.

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1 year ago