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3 years ago

Why might the federal government decide to intervene in the housing market to promote home ownership?

1 answer:

6 0

The answer to this question is <span>To make it easier for families to borrow money to purchase a home. Most citizens in united states use real estate as a way to purchase long-term investment as their wealth accumulation.
To ensure citizen's economic safety in the future, it is wise for the government to provide an easier way to obtain home ownership such as cheap mortgages. </span>

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The total manufacturing cost variance consists of a.direct materials cost variance, direct labor rate variance, and factory over

Lostsunrise [7]

Answer: The total manufacturing cost variance is made up of direct material cost variance, direct labor cost variance and factory overhead cost variance. (Option C).

Explanation:

Some of the goals of manufacturing companies are to increase company’s revenue and profit. To achieve this, a company needs to know how to manage its costs and these may cause variances in manufacturing.

The total manufacturing cost variance is made up of direct material cost variance, direct labor cost variance and factory overhead cost variance. These costs are the differences between the actual cost incurred and the set cost. These variances help managers to know if the company is meeting up to the required standard.

7 0

3 years ago

Using the following information, prepare a vertical analysis of two years' income statements. Fees Earned is $153,500 for Year 2

ValentinkaMS [17]

Answer:

(B) Operating income has increased as a percentage of revenue

Explanation:

Conducting a vertical analysis,

Operating income (year 1) = Fees earned, less operating expenses

= 149,700 - 127,245 = $22,455

Therefore operating income as a percentage of revenue = 22,455/149,700 = 15%.

Operating income (year 2) = 153,500 - 122,800 = $30,700

Therefore operating income as a percentage of revenue = 30,700/153,500 = 20%.

Therefore, operating income as a percentage of revenue increased from year 1 to year 2.

7 0

3 years ago

In the united states, the average person mostly patronizes firms that operate in?

Likurg_2 [28]

In the united states, the average person mostly patronizes firms that operate in Monopolistic Competitive Market.

Monopolistic Competitive Market is a kind of market structure where numerous associations are accessible in an industry, and they produce relative yet isolated things.

None of the association participate in a partnership, and every association work unreservedly no matter what the engaging quality of various association. The market structure is a type of Imperfect Competition.

Imperfect Competition alludes to the circumstance where the characteristics of a market don't satisfy every one of the essential states of an entirely serious market and consequently, it cause market weaknesses when it ends up actually working, and bringing about market disappointment.

To learn more about Monopolistic Competitive Market.

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3 0

2 years ago

EcoBean, a chain of cafes, has introduced a Special Shopper Card that allows customers to pay in advance for coffee and snacks.

djyliett [7]

Answer:

Market penetration

Explanation:

8 0

3 years ago

Read 2 more answers

Alaska Mining Co. acquired mineral rights for $67,500,000. The mineral deposit is estimated at 30,000,000 tons. During the curre

Reil [10]

Answer:

a. Determine the amount of depletion expense for the current year.

To find the depletion expense, we use the following formula:

Depletion

Expense = ( Cost - Salvage value / estimated n of units) x n of units extracted

Because we are not given any salvage value in the question, we will assume the salvage value is 0.

Plug the amounts into the formula to find the answer:

Depletion

Expense = (67,500,000 - 0 / 30,000,000) x 4,000,000

= 9,000,000

b. Journalize the adjusting entry on December 31 to recognize the depletion expense.

Account Debit Credit

Depletion Expense $9,000,000

Accumulated Depletion $9,000,000

3 0

3 years ago

Why might the federal government decide to intervene in the housing market to promote home​ ownership?

Why might the federal government decide to intervene in the housing market to promote home ownership?