Answer:
a. Raw materials used
b. Raw materials beginning inventory
c. Raw materials purchases
Explanation:
Note: The materials activity consists of the purchase and issuance of materials to production
Thus, the items that are classified as a materials activity are :Raw materials used, Raw materials beginning inventory and Raw materials purchases
Answer:
B) Investing Activities
Explanation:
Investing activities deal with cash transactions involving movement of items of Property, Plant and Equipment. These transactions include purchase costs and sale proceeds of assets.
Answer: $2,025
Explanation:
Your monthly payment based on the rate of 6.3% per annum is:
= (6.3% * 1,620,000 ) / 12 months
= 102,060 / 12
= $8,505
Now that the rate has gone up to 7.8% per annum, the payment is:
= (7.8% * 1,620,000 ) / 12 months
= 126,360 / 12
= $10,530
Payment went up by:
= 10,530 - 8,505
= $2,025
Answer:
A) producer surplus decreases and total surplus decreases in the market for that good.
Explanation:
When a country adopts a no trade policy, producer surplus decreases, consumer surplus increases, and total economic surplus decreases.
Total producer surplus deceases, because the quantity produced will be greater than the quantity demanded by the domestic market which will result in lower prices (which increases consumer surplus). But the extra consumer surplus is not enough to offset the lost producer surplus, therefore, the total economic surplus will decrease.
This is specially true if we are talking about small economies or large producers. E.g. due to the US - China trade war, American farmers couldn't sell their products to Chinese customers which resulted in an over stock, and a great portion of their total income was slashed.
Answer:
D) eminent domain.
Explanation:
In the US, eminent domain is the right of a government entity (local, state or federal government) to take private land and assign a public use to it. This government expropriation is carried out with a compensation payment done to the landowner.
In this case, the municipal government of Orlando is going to expropriate Neil's land and use it to expand a thoroughfare (road or avenue) through the city. The city will pay Neil a certain amount of money for taking away his land and suing it for a public service.
The 5th amendment of the US Constitution states that eminent domain must be carried out only after the landowner has been compensated for his/her loss.
