Answer:
The first type of convergent boundary is Oceanic-Continetal Convergence. This type of convergent boundary happens where an oceanic plate and a continental plate push together causing the oceanic plate to be forced under the continental plate into the mantle because the oceanic plate is thinner. This is called a subduction.
Explanation:
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If a price floor of $15 is imposed on this market and the government chooses to purchase the surplus, the government must buy <u>10</u> units of the good and spend a total amount of <u>$150</u> on its purchase.
<u>Explanation</u>:
According to the given figure, a surplus of the good will result if the price is $15. The government has a total amount of $150. If it decides to spend the total amount on purchasing, the government should buy 10 units of goods.
As the price of each good is $15 and the total amount with the government is $150.
On calculating with the given information,
150/15= 10
So the government can buy 10 units of goods for the total amount of $150.
Answer:
$8000
Explanation:
Given: Budgeted Overhead $240,000
Budgeted Labor Hrs 60,000
Actual Labor Hrs for Job B25 200
Actual labor cost for B25 $2,200
Direct Material cost for B25 $5000
Standard/ Budgeted overhead absorption rate = Budgeted Overheads/ Budgeted labor hours = $240,000/60,000 = $4 per labor hours
Budgeted overheads for actual 200 labor hours = 200 × $4 = $800
Labor cost and material cost incurred for Job B25 = $2200 + $5000 = $7200
Add: Budgeted overhead cost for 200 labor hours = $800
Cost of Job B25 = $7200 + $800 = $8000
Answer:
$4,000
Explanation:
The computation of the interest expense is shown below:
= Borrowed amount × rate of interest × number of months ÷ (total number of months in a year)
= $100,000 × 12% × ( 4 months ÷ 12 months)
= $4,000
The four months is taken from Jan 2022 to May 2022
We simply applied the simple interest formula to determine the interest expense and the same is shown above
