Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
Industrial capitalism is a system both social and economic whereby industry and resources are owned by few for profit.
Explanation:
In order to understand the term industrial capitalism, the term capitalism must first be understood.
Capitalism is an economic and political system in which a country's trade and <u>industry are controlled by private owners</u> for profit, rather than by the state.
Hence, Any society is capitalist if the means of production that is tools and materials belongs to the employer and not the employees and the employees produce commodities belonging to their employer. Otherwise, it would be socialism.
Industrial capitalism is therefore a system, both social and economic whereby <u>industry and resources are owned by few</u> for profit.
Answer:
$5749.02
Explanation:
The first step is to determine the future value of my sister's deposit
The formula for calculating future value:
FV = P (1 + r)^n
FV = Future value
P = Present value
R = interest rate
N = number of years
5500 (1.088)^6 = $9122.97
the second step is to determine the present value of $9122.97 using an interest rate of 8%
$9122.97 / (1.08)^6 = $5749.02
Answer:
True
Explanation:
<em>Absorption costing is a method of costing where production units and inventories are value at the full cost per unit. Here, fixed overheads are charged to all units produced using an overhead absorption rat</em>
<em>Under the traditional absorption costing system, overhead is assigned to units produced using different bases ranging from labour hours, machine hours, e.t.c</em>
Overhead absorption rate = Estimated overhead/Estimated Activity level
Answer : True
