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3 years ago

What is the most common state budget cycle?

1 answer:

3 0

The most common state budget cycle is D) annual.
Most state governments use an annual budget cycle, 21 states use a biennial budget cycle which spans two years, and 2 states employ a combination of annual and biennial cycles.

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Proper scheduling supports employees because?

vitfil [10]

It enables them to juggle other commitments

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4 years ago

Read 2 more answers

Precision Company estimates its machine-hour requirements for the four quarters to be 35,000 hours, 20,000 hours, 15,000 hours,

Verdich [7]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Precision Company estimates its machine-hour requirements for the four quarters to be 35,000 hours, 20,000 hours, 15,000 hours, and 30,000 hours respectively. The variable manufacturing overhead rate is $4 per machine-hour. The fixed manufacturing overhead is $50,000 per quarter, which includes $20,000 of depreciation expense.

1) Total hours= 100,000 hours

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 100,000*4= $400,000

2) Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Total fixed overhead= 50,000*4= 200,000

Estimated manufacturing overhead rate= 200,000/ 100,000= $2 per hour

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4 years ago

Suppose United and American both service the New York-Boston route. If they both charge $100 each way, they each get monthly pro

allochka39001 [22]

Answer:

Nash equilibrium exists when both companies charge $100 per ticket and each makes $81,000 in profits.

Explanation:

United

ticket price $100 ticket price $200

$81,000 / $58,000 /

ticket price $100 $81,000 $123,000

American

$123,000 / $112,000 /

ticket price $200 $58,000 $112,000

United's dominant strategy is to charge $100 per ticket price with expected profits of $81,000 + $123,000 = $204,000. If it charges $200 per ticket, expected profits = $170,000.

American's dominant strategy is to charge $100 per ticket price with expected profits of $81,000 + $123,000 = $204,000. If it charges $200 per ticket, expected profits = $170,000.

Since both companies' dominant strategy is to charge $100 per ticket, then that is the Nash equilibrium.

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3 years ago

Suppose that in year 1 an economy produces 100 golf balls that sell for $3 each and 75 pizzas that sell for $8 each. The next ye

mixas84 [53]

Answer:

The value of nominal GDP in years 1 and 2 respectively is:

$900 and $1,077.50.

Explanation:

real GDP is based on the prices of a base year and it is affected by the total output of goods and services, not the nominal value of the goods and services.

real GDP year 1 = ($3 x 100 balls) + ($8 x 75 pizzas) = $900

real GDP year 2 = ($3 x 110 balls) + ($8 x 80 pizzas) = $970

nominal GDP year 1 = ($3 x 100 balls) + ($8 x 75 pizzas) = $900

nominal GDP year 2 = ($3.25 x 110 balls) + ($9 x 80 pizzas) = $1,077.50

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3 years ago

Define and explain SMART?

SVEN [57.7K]

Being smart is something that's grown and cultivated, often by being curious enough to seek out new information and by recognising what you don't already know. Being smart is the ability to put ideas together, and create solutions to problems. Being smart is the ability to focus, concentrate, and communicate.

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3 years ago