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3 years ago

Career cluster help identify the knowledge and skills needed to;

Business

1 answer:

Svetlanka [38]3 years ago

3 0

Career clusters help identify knowledge and skills needed to follow a pathway toward a career goal.

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In what order must the three key financial statements be prepared?

ra1l [238]

Answer:

D. income statement, statement of owner's equity, balance sheet is the correct answer.

Explanation:

6 0

3 years ago

When a firm uses K units of capital and L units of labor, it can produce Q units of output with the production function Q = K√L.

DanielleElmas [232]

Answer:

$STC = 20K + 25L = 20*5 + 25*[\frac{Q^2}{25}] = 100 + Q^2$

Explanation:

We are given:

K units of capital and L units of labor.

•Each unit of capital cost = 20

• Each unit of labor cost =25

• Level K is fixed at 5 units

We are told production function Q = K√L

Using the production functions and the values given, we can get that Q=5√L.

To find Q, the amount of labor will be given as:

$L = \frac{Q^2}{25}$

Therefore, the Short run total cost function (STC) will be:

$20K + 25L = 20*5 + 25[\frac{Q^2}{25}] = 100 + Q^2$

7 0

2 years ago

A businessman in New York is preparing an itinerary for a visit to seven major cities. The distance traveled, and hence the cost

enot [183]

Answer:

The answer is 5,040.

There are 5,040 different possible itineraries.

Explanation:

The number of different possible itineraries equals the number of the selection of 7 cities from a total of 7 cities where order is important.

We solve thus:

$N = P^{7}_{7} = \frac{7!}{(7 - 7)!}$

$= \frac{7!}{0!}$

$= 7!$

$= 7 X 6 X 5 X 4 X 3 X 2 X 1$

$= 5,040$

6 0

3 years ago

Tancredi Corporation has two manufacturing departments--Machining and Customizing. The company used the following data at the be

olganol [36]

Answer:

Results are below.

Explanation:

First, we need to calculate the predetermined overhead rate:

Fixed overhead= 33,500

Total variable overhead= (1.8*5,000) + (3*5,000)= 24,000

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (33,500 + 24,000) / 10,000

Predetermined manufacturing overhead rate= $5.75

Now, we can determine the total cost for each Job:

Job E:

Direct material= $12,800

Direct labor= $17,600

Allocated overhead= (3,400 + 2,000)*5.75= $31,050

Total cost= $61,450

Job J:

Direct material= $7,000

Direct labor= $1,600

Allocated overhead= (1,600 + 3,000)*5.75= $26,450

Total cost= $35,050

6 0

3 years ago

In the base year in a small island macroeconomy, nominal GDP was $400m. In a later year when the general level of all prices was

Cerrena [4.2K]

Answer:

Both options C and D are correct.

Explanation:

Inflation refers to an increase in the general price level of goods and services overtime. Since it is conveyed in the question that the general price level in a later year became twice as high, inflation definitely occurred. Hence, option D is correct.

Nominal GDP is the value of the total output at current market prices. Real GDP adjusts that value for inflation. As prices double, nominal GDP ought to increase from $400m to $800m. However, it actually rose to $1000m. This additional increase of $200m shows that the real GDP has risen. However, the increase in real GDP is less than 100%. This implies option C is also correct.

8 0

2 years ago