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Oksi-84 [34.3K]
3 years ago
11

10. Which of the following occurrences is the key explanation for the high economic growth in the United States in the past cent

ury? technology improvements an increase in population increasing the capital-to-labor ratio investment in human capital
Business
1 answer:
xxTIMURxx [149]3 years ago
4 0

Answer:

As explained below.

Explanation:

  • One of the most advancements that are seen in developed countries like America is the presence of technology in the rich nations of the world as these countries like the US have a high mass consumption economy and have an industrial past.
  • Being the world's largest economy in terms of resources and terms of wealth as the world's eighth highest nominal GDP country and 10 highest PPP as of 2018.
  • Fueled by the natural reserves of gold well-developed infrastructure, and higher human productivity index. Control Over the population and improvement s innovation has to lead to the rise of the nation's economy thus the increase to capital to labor ratio has increased and investment in the human capital is doubled due to this.
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EB13.
Harman [31]

Answer:

Journal entries to record the expenses incurred are given below.

Debit Factory Overhead Control Account      $ 1300

Credit Utilities bills account                              $  700

Credit Accumlated factory depreciation          $  400

Credit property tax payable                              $  200

Journal entries to record the allocation of overhead at the predetermined rate of $1.50 per machine hour are given below.

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Credit Factory overhead applied account          $ 525

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5 0
3 years ago
Gustavson Corporation uses the direct method to allocate service department costs to operating departments. The company has two
trapecia [35]

Answer:

C) $340,240

Explanation:

                                     Service Department  Operating Department

                                  Administrative Facilities  Assembly Wholesaling

Departmental costs $26,840     $59,400   $183,430   $321,190

Employee time (hours)      4,000       2,000     29,000 15,000

Space occupied - sq ft     2,000       2,000     30,000  6,000

total administrative costs = $26,840

total employee hours = 29,000 + 15,000 = 44,000

administrative cost per employee hour = $26,840 / 44,000 = $0.61

total facilities costs = $59,400

total square feet = 30,000 + 6,000 = 36,000

administrative cost per employee hour = $59,400 / 36,000 = $1.65

total Wholesaling Department cost = $321,190 + ($0.61 x 15,000) + ($1.65 x 6,000) = $321,190 + $9,150 + $9,900 = $340,240

5 0
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Termites and insect damage, bird or rodent damage, rust, rot, mold, and general wear and tear are not covered.

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3 years ago
Some banks offer variable rate loans with defined periods. Give at least one example
o-na [289]

Answer:

A variable rate loan is a loan that has a benchmark or index rate, plus or less some points, and varies according to the index rate.

For example, one of the most common index rate is the LIBOR, acronym for Londor Interbank Offered Rate. A bank can offered a loan consisting of a rate of LIBOR plus 1.5 points.

Suppose the first month of the loan, LIBOR is 2.00%, therefore, the total variable rate of the loan is 3.15%. Then, in the second month, LIBOR goes down to 1.00%, therefore, now the variable rate of the loan is 2.15%. This is an example of a variable rate loan.

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Answer: All of the above.

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