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siniylev [52]
3 years ago
7

A(n) ________ is a system based on a dominant ideology involving the widely shared belief that all people have an equal chance o

f succeeding economically based on their hard work and skills.
Business
1 answer:
sammy [17]3 years ago
5 0

Meritocracy is a system based on a dominant ideology involving the widely shared belief that all people have an equal chance of succeeding economically or a political philosophy stating that power should be vested in individuals based on their hard work and skills.

 





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Psychology majors at the state college consist of 40 percent males and 60 percent females. The psychology department is conducti
weqwewe [10]

Answer:

proportionate stratified random sampling

Explanation:

When you use a proportionate stratified random sample, you must assign every stratum of the total population a sampling fraction proportional to its size. Since 60% of the psychology students are women, then 60% of the samples will come from women.

8 0
3 years ago
Since indirect cost cannot be conveniently or economically traced directly to a cost pool or cost object, the management account
VashaNatasha [74]

Since the indirect cost cannot be conveniently or economically traced directly to a cost pool or cost object, the management accountant will assign them by means of cost allocation.

<h3>What is the indirect cost?</h3>

The cost that is not directly related to the manufacturing process but plays a significant role in business is referred to as an indirect cost. It includes rent, salaries, office expenses, administration expenses, stationery, and so on.

The distribution of a single expense among numerous organizations, departments, or cost centers is known as cost allocation. It facilitates decision-making, waste reduction, and product pricing for businesses.

Learn more about cost allocation, here:

brainly.com/question/15937115

#SPJ1

7 0
2 years ago
Manufacturer does marketing research and estimates that consumers will accept a price of $50 for a jacket. if the manufacturer e
worty [1.4K]

Trade discounts are offered to customers with high volume orders in a specified date of payment. In the problem given, the estimated price of the jacket is $50 but with 40% discount within 10 days of purchase. 

Therefore, $50 * 40% = 20. The manufacturer will receive $30 which is the price less discount.

7 0
3 years ago
Rowan Company has four different categories of inventory. The quantity, cost, and market value for each of the inventory categor
luda_lava [24]

Answer:

The correct answer is that the valuation would decrease total assets and stockholders’ equity by $101.00

Explanation:

Item             Cost                      Market price            Impact

Quantity

1 220 $ 4.40  $ 4.60        no impact as cost is lower

2 130 $ 6.20  $ 6.00 ($6.20-$6.00)* 130=$26

3 100 $ 10.00  $ 9.25 ($10-$9.25)*100    =$75

4 25 $ 20.50  $ 25.00 No impact as cost is lower

The total reduction in the value of inventory as a result of adopting the lower of cost or market price valuation is $101 ($75+$26),hence decreases total assets by $101 and the stockholders' equity(retained earnings which is a component of stockholders' equity ) by the same amount

3 0
3 years ago
Read 2 more answers
Highlands Company uses the weighted-average method in its process costing system. It processes wood pulp for various manufacture
Bad White [126]

Answer:

1. 180,000

2.  Material  198,000

    Labor OH  192,000

Explanation:

A. calculation The number of ton pulp manufactured.

Particular                                                           Unit

Work in progress on June 1                            20,000

Add: production during the month                <u>190,000</u>

Total process unit                                           210,000

Less: work in progress on June 30               <u>30,000</u>

Total unit manufacture and transfer           <u>180,000 </u>

<u />

B. Calculation of Equivalent units.

Particular                                    Materials            Labor and Overhead

Total unit produced                     180,000                   180,000

Add: Work in progress

Material (30000*60%)                   18,000

<u>Labor and OH (30000*40%)                                         12,000</u>

Equivalent production                   198,000                192,000    

6 0
4 years ago
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