Which was not a response taken during the hoover administration in an attempt to turn the economy around?

We have an intuitive appreciation for those who are able to earn a profit. We can see that resources flow to those who successfu

mr_godi [17]

Let's start it this way. Since a market system is a system of profit and loss, naturally, both profit or loss will play a vital role in the equation or system. Capitalist economies depend on markets when it comes to their economic activities. The market's role is to serve as a basis for them in determining what profitable activities and enterprises should the people invest on.Without the presence of loss in the equation of a market system, these people will not be able to determine where they should invest and/or withdraw from. Therefore, people base their decision of using their resources through knowing first the profit and loss. The loss will help them go away from companies or activities which will bring the losses.The downside for using the government in shielding companies from having losses is that the government will be abused by these companies. Since all companies will naturally want to not experience having losses.

8 0

3 years ago

Picabo borrows $1000. To repay the amount, she makes 12 equal monthly payments of $93.12. Determine the following: a)The effecti

FromTheMoon [43]

Answer:

Effective monthly interest rate = 0.982%

Nominal annual interest rate = 11.74 %

Effective annual interest rate = 11.78%

Explanation:

A = P*(1 + r/100)ⁿ

Where n is time period in years, and r is the yearly interest rate

12*93.12 = 1000*(1 + 0.01r)¹

1117.44/1000 = 1 + 0.01r

1.1174 = 1 + 0.01r

0.01r = 1.1174 - 1

r = 0.1174/0.01 = 11.74 %

Nominal annual interest rate = 11.74 %

Monthy interest rate = annual interest rate/months in a year

Monthy interest rate = 11.74/12

Nominal monthy interest rate = 0.978%

Effective monthly interest rate = (1 + monthly interest rate/12)¹² - 1

Effective monthly interest rate = (1 + 0.00978/12)¹² - 1

Effective monthly interest rate = (1.000815)¹² - 1

Effective monthly interest rate = 1.00982 - 1

Effective monthly interest rate = 0.982%

Effective annual interest rate = Effective monthly interest*months in a year

Effective annual interest rate = 0.982*12

Effective annual interest rate = 11.78%

4 0

3 years ago

Crane Company uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2019 tot

irina [24]

Answer:

$560

Explanation:

Add all the costs:

Materials $8,000

Labor $4,000

Overhead $1,000

And we will get the Total Manufacturing Cost of $13,000.

Then, add the Beginning Work in process of $5,000 to get the Cost of goods put into process of $18,000.

Now, deduct the Ending Work in process of $4,000 to get the Cost of goods manufactured of $14,000.

Since they promptly ships the goods, the $14,000 will automatically be the Cost of Goods Sold.

Finally, to get the cost per machine, just divide $14,000 by the 25 machines and we will get the $560 cost per machine.

8 0

3 years ago

Two characteristics of sociological minorities are _____ and _____.

inysia [295]

The answer is D. Physical or cultural difference; subordination.

5 0

3 years ago

Planet Company had the following historical accounting data per unit: Direct materials $70 Direct labor 40 Variable overhead 20

Tasya [4]

Answer:

$216

Explanation:

Calculation to determine What would be the transfer price if Division A uses full cost plus markup

Using this formula

Transfer price = Direct Material + Direct Labor + Variable Overhead + Fixed Overhead

Let plug in the formula

Transfer price = (70 + 40 + 20 + 30)+(70 + 40 + 20 + 30*35)

Transfer price = 160+(160*35%)

Transfer price = 160 + 56

Transfer price = 216

Therefore What would be the transfer price if Division A uses full cost plus markup is $216

3 0

3 years ago