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OLEGan [10]
3 years ago
5

List four characteristics of the accumulated goods that make up economic wealth

Business
1 answer:
dsp733 years ago
3 0
The four characteristics are:
U<span>tility, which means that the accumulated goods must be able to fulfill the needs of a certaion costumer
tangibility, The goods could be measured in some way
scarcity, The goods need to be gotten by doing a certain sacrifice
Transferab, the goods's ownership could move from one person to the other</span>
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Following are financial statement numbers and ratios for CVS Health Corporation for the year ended December 31, 2016. 2016 Total
77julia77 [94]

Answer:

The correct option is B,$6,710 million

Explanation:

First and foremost,one needs to be aware that net operating profit margin(NOPM) of 3.6% was computed  by dividing operating profit after tax by  the total revenue for 2016,hence we use same formula to determine the net operating profit after tax for 2017 by merely changing the subject of the formula.

NOPM=net operating profit after/total revenue

net operating profit after tax=NOPM*total revenue

NOPM remains at 3.6%

total revenue for 2017=total revenue for 2016*(1+growth rate)

total revenue for 2016 is $177,526 million

growth rate is 5%

total revenue for 2017= $177,526*(1+5%)=$ 186,402.30  million

Net operating profit after tax= 186,402.30 *3.6%=$ 6,710.48  million

Approximately $6710 million

8 0
3 years ago
What is allowable self-employment plan contributions.
matrenka [14]
<h3><em>Answer:</em></h3><h3><em>Answer:For a self-employed individual, contributions are limited to 25% of your net earnings from self-employment (not including contributions for yourself), up to $61,000 for 2022 ($58,000 for 2021; $57,000 for 2020). You can calculate your plan contributions using the tables and worksheets in Publication 560</em></h3>
4 0
2 years ago
Buxmont Manufacturing reported the following year-end balances: Beginning work in process inventory, $40,000; beginning finished
Sever21 [200]

Answer: <em>Cost of Goods Manufactured = $ 660,000</em>

Explanation:

Direct Material Used                                                $ 240,000

Direct labor                                                               $ 250,000

Manufacturing overheads applied                          $ 150,000

Total manufacturing Cost                                        $ 640,000

Add: Work in process                                            $ 40,000

Total Manufacturing cost                                         $ 680,000

Less: Work in process                                            $ 20,000

Cost of Goods Manufactured                                  $ 660,000

7 0
3 years ago
A company uses the following standard costs to produce a single unit of output. Direct materials 7 pounds at $0.60 per pound = $
Naddika [18.5K]

Answer:

Direct material price variance= $20,100 unfavorable.

Explanation:

Giving the following information:

Direct materials 7 pounds at $0.60 per pound = $ 4.20

During the latest month, the company purchased and used 67,000 pounds of direct materials for $.90 per pound to produce 10,000 units of output.

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (0.60 - 0.90)*67,000= $20,100 unfavorable.

7 0
3 years ago
Princess, who resides in the 2nd Circuit, recently found a circuit court case that is favorable to her income tax research quest
lapo4ka [179]

The correct answer is C) 2nd Circuit or the Federal Circuit. 

Princess, who resides in the 2nd Circuit, recently found a circuit court case that is favorable to her income tax research question. The circuits that she would prefer to have issued the opinion are the 2nd Circuit or the Federal Circuit. 

Princess has to go to the 2nd Circuit Court of Appeals that is located in Manhattan, New York, at the Thurgood Marshall US Courthouse. It exercises federal jurisdiction in six districts of the states of Vermont, New York, and Connecticut.  The 2nd Circuit Court of Appeals was established by Congress in 1891.

5 0
3 years ago
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