Answer: Affirmative action.
Explanation:
An affirmative action is a form of action taken that favors members of a particular sex, race, religion, tribe that has been discriminated against in the past. Jake's decision to ensure equal opportunity to all genders is a type of affirmative action.
Answer: "structural unemployment".
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Answer:
The overhead for the year was $130,075
Explanation:
GIVEN INFORMATION -
ESTIMATED ACTUAL
Manufacturing overhead $132,440 $128,600
Machine hours 2800 2750
Here for calculating the overhead for the year we will use the following formula =
\frac{Estimated Manufacturing Overhead}{Estiamted Machine Hours}\times Actual Machine Hours
= \frac{\$132,440}{2800}\times 2750
\$47.3\times 2750 = \$130,075
Therefore the overhead for the year was $130,075
Answer:
a)
1. Explicit cost
2. Implicit Cost
3. Implicit Cost
4. Explicit cost
b)
Accounting Profit is $62000.
Economic Profit is -$3000. (a loss of $3000)
Explanation:
a)
Explicit costs are those costs incurred by a business that require an outlay of money as a result of operating a business.
Implicit costs, on the other hand, are the costs that do not require an outlay of money as a result of operating a business. They are instead the opportunity costs of operating a business or the benefits that are foregone.
1. The wages and utility bills are a result of operating a business and requires and outlay of money as their payment. They are <u>explicit costs.</u>
2. The rental income could have been earned if Larry rented the showroom he is using to operate his business from. The rent foregone is an opportunity cost and is an <u>implicit cost.</u>
3. The salary Larry could have earned is also something that Brian has to forego to operate his business and is an <u>implicit cost.</u>
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4. The cost of purchases paid to manufacturer requires outlay of money and is an <u>explicit cost.</u>
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b)
Accounting profit = Total Revenue - Total explicit cost
Economic profit = Total revenue - (Total Explicit Cost + Total Implicit Cost)
Accounting Profit = 793000 - 430000 - 301000 = $62000 profit
Economic profit = 793000 - (430000 + 301000 + 15000 + 50000) = -$3000 loss
Answer:
It would decrease the net assets by $60,800
Explanation:
The computation of the translation adjustment for 2017 is shown below:
For common stock
= Issued amount × (revised exchange rate - exchange rate)
= $1,000,000 × (0.42 - 0.48)
= -$60,000
For dividend
= Dividend paid × (revised exchange rate - exchange rate)
= $20,000 × (0.42 - 0.46)
= -$800
For net income
= Net income × (revised exchange rate - exchange rate)
= $80,000 × (0.42 - 0.42)
= $0
So, it would decrease the net assets by $60,800 ($60,000 + $800)
