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3 years ago

7

_________ is the institutional arrangement by which a firm gets its products, technologies, human skills, or other resources

into a market.

1 answer:

Veronika [31]3 years ago

3 0

Foreign Market Entry Modes

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Lorenzo Company uses a job order costing system that charges overhead to jobs on the basis of direct materials cost. At year-end

damaskus [11]

Answer:

a. Overhead Rate = 0.34

b. Direct Labour Cost = $53,820

Explanation:

a.

Overhead Rate based on direct materials is calculated as overhead cost/direct material cost

Overhead Cost = $612,000

Direct Materials Cost = $1,800,000

Overhead Rate = $612,000/$1,800,000

Overhead Rate = 0.34

b.

Given

Total cost of job in process = $90,000

Material Cost of job in process = $27,000

Overhead Applied = $9,180 (0.34% * $27,000)

Direct Labour Cost = Cost of job in process - Material Cost - Overhead Applied

Direct Labour Cost = $90,000 - $27,000 - $9,180

Direct Labour Cost = $53,820

8 0

3 years ago

Suppose that technological advancements stimulate $20 billion in additional investment spending. If the MPC = 0.6, how much will

grin007 [14]

Answer:

option (D) $50 billion.

Explanation:

Data provided in the question:

Additional investment spending = $20 billion

MPC = 0.6

Now,

Increase in aggregate demand = [1 ÷ (1 - mpc) ] × Investment

or

Increase in aggregate demand = [1 ÷ (1 - 0.4) ] × $20 billion

or

Increase in aggregate demand = (1 ÷ 0.4) × $20 billion

or

Increase in aggregate demand = 2.5 × $20 billion

or

Increase in aggregate demand = $50 billion

Hence.

the correct answer is option (D) $50 billion.

5 0

3 years ago

Describe major laws that are responsible for consumer protection, and the entities that have responsibility for oversight.

Sholpan [36]

Answer:

Major consumer-protecting laws are:

Explanation:

1. Major federal Act Section 5- This legislation specifies that all firms are required to treat the customer equally and must not be at any disadvantage because of their exploitative treatment.

2. Fair Credit Report Act- This statute guarantees that it is treated equally and safely by all companies handling customer data. It makes sure that no unethical sharing of such information with any 3rd person takes place.

3. Financial Modernization Act - This legislation mandates all commercial banks in the United states to include it in principle how they safeguard and manage customer data securely.

4 0

3 years ago

A retired auto mechanic hopes to open a rustproofing shop. Customers would be local new-car dealers. Two locations are being con

8_murik_8 [283]

Answer:

1) Outside Location

2) Central Location

The profit will be the same when monthly demand is 230 cars

Explanation:

Let central location be termed as location A

Let outside location be termed as location B

<u>1. Demand 200 cars</u>

Profit- Location A = (90-30) * 200 - 7000 = $5000

Profit- Location B = (90-40) * 200 - 4700 =$5300

<u>2. Demand 300 cars</u>

Profit- Location A = (90-30) * 300 - 7000 = $11000

Let x be the number of cars where profit is same,

we will equate both the profit equations

(90-30)*x - 7000 = (90-40)*x - 4700

60x - 7000 = 50x - 4700

60x - 50x = 7000 -4700

10x = 2300

x = 2300/10

x = 230 cars

Profit- Location B = (90-40) * 300 - 4700 =$10300

6 0

3 years ago

Assuming the same percentage is used in each case, which of the following is higher

Gala2k [10]

Well, you don't have exact information for me to solve it.

4 0

4 years ago