Answer: Fast Mapping
Explanation: Fast mapping is one of the many processes of learning and developing the vocabulary for may languages, it involves simultaneous usage of a familiar word which is the exact opposite of the unfamiliar word. It is quite effective in developing the understanding of unknown words, rather than conventional dictionary learning processes, because it is quick and it also helps the learner grab the possible context in which the newly learned word can be used.
Answer:
The firm's overhead was $1,000 under-applied
Explanation:
For computing the firm overhead amount, first, we have to compute the predetermined overhead rate. The formula is shown below:
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)
= $150,000 ÷ 15,000 hours
= $10
Now we have to find the actual overhead which equal to
= Actual direct labor-hours × predetermined overhead rate
= 14,500 hours × $10
= $145,000
So, the firm overhead equals to
= Actual manufacturing overhead - actual overhead
= $146,000 - $145,000
= $1,000 under-applied
Answer:
Statement # 1: False
Statement # 2: True
Statement # 3: False
Statement # 4: True
Explanation:
Lets look at each statement provided in the question and determine which of them is true or false.
Statement # 1 is false. First things first, the interest on this loan amount is higher which is at 4.15%. This is compared to the interest of 4% applicable on loan option 1. Secondly, there is a four year interest only option. This means that for 4 years there will be no repayments of the principal amount which means that the interest of 4.15% will continue to apply on the entire loan amount for these 4 years. In loan 1 however, principal repayments will reduce the principal amount after the 1st year which would further reduce the interest payment in the second year.
Statement # 2 is true. Loan 2 has an interest only period for the first 4 years. During this year you will only pay the 4.15% interest whereas in loan option 1, you will pay 4% interest AND the principal amount. The effect would offset once principal payments start in loan 2 but it would still mean that payments would be minimized in the first few years.
Statement # 3 is false. One of the advantages of having a loan with an interest free clause is that you can pay it off faster than a conventional loan. Since both the loans are fully amortizing, the principal payments would be different but would both result in the principal being repaid in the full 30 year tenor. Any extra payment that you wish to make would be counted towards principal payment in each loan option. However, for loan 1, the total monthly payments you make would remain the same. For loan 2, the extra payments that you make will continue to lower the monthly payments in way of interest which would allow you to save up more to pay more off in principal. The interest only period will also allow you to arrange extra funds during the IO period and repay the principal further. With loan 1, you will continue to make the same monthly payment until the end.
Statement # 4 is true. A fixed payment is being made each year by way of interest and principal repayments and will remain the same till the loan is fully amortized at maturity. In loan 2 on the other hand, a larger balloon payment will start 4 years later since only interest is paid in the first 4 years. So basically you may lower in the first 4 years and more in the remaining years.
Answer:
C. Automation
Explanation:
The situation explained in the question perfectly explains Automation. New technologies and advancements lead to more efficient and advanced procedures and processes, particularly when such procedures and processes require very little human interaction or assistance. Now if we talk about the manufacturing industry, procedures like CAD (computerized aided design), CAM (computer aided manufacturing) and EDI (electronic data interchange) have pretty much eased and transformed the manufacturing procedures and environments.
Job exportation mostly relates to employment in international corporations usually located in growing and developed countries.
Outsourcing is the contracting out of certain aspects of business to third party specialist organizations who mostly specialize in that particular work domain.
Offshoring is the transfer and reallocation of SBU (strategic business units) from one country to another.
