Answer:
Traditional economy.
Explanation:
A traditional economy is one that relies on historical methods, customs, and beliefs to develop. It is generally more common in developing countries because it is an economy based on rural activities such as agriculture, fishing and hunting. Because it is an economy that develops around a tribe or a family, it is customary for production to be for consumption only, so there is no surplus and little money movement.
Answer:
YTM = 0.6940%
Explanation:
THe Yield to Maturity (YTM) is the return that you expect from the bond if you held the bond till maturity.
The formula would go as:
YTM = 
Where
F is the face value, or par value
P is the current price
n is the time period, maturity period
Given,
F = 1000
P = 920
n = 12, we have:
YTM = 
Thus, the yield to maturity would be:
YTM = 0.6940%
Answer:
(-$1,250) over applied for the period
Explanation:
Predetermined overhead rate:
= budgeted overhead ÷ budgeted volume
= $465,500 ÷ 49,000
= $9.5
Overhead cost with 43,500 hours incurred, they have applied
:
= Actual machine-hours × Predetermined overhead rate
= 43,500 × 9.5
= $413,250
They actually incurred $412,000 of overhead cost for the period so they have
:
= Actual overhead - Overhead cost with 43,500 hours
= $412,000 - $413,250
= (-$1,250) over applied for the period.
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