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Crank
3 years ago
15

Florida schools offered cash bonuses to students who scored high on the state's standardized exams. The cash bonuses are an exam

ple of this economic principle:
a.People usually take advantage of opportunities to make themselves better off.b.There are gains from trade.c.The real cost of something is what you must give up to get it.d.Resources are scarce.
Business
1 answer:
gtnhenbr [62]3 years ago
6 0

The cash bonuses are an example of this economic principle of People usually take advantage of opportunities to make themselves better off.

Explanation:

A cash bonus applies to a large amount of money offered to an individual for good performance either periodically or daily. An employee, division or the whole organisation, depending upon the extent at which performance goals were achieved may earn a cash bonus for higher than expected achievements.

Let's take the example of Company ABC. The company has a 15-person sales team. Each team member has to add 10 accounts each. At the end of every year, the company can give every employee a cash bonus of $1,500 in order to meet their objectives.

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Prepare Job-Order Cost Sheets, Predetermined Overhead Rate, Ending Balance of WIP, Finished Goods, and COGS At the beginning of
fiasKO [112]

Answer:

1. Overhead rate based on direct labor cost = Overhead applied * 100/Direct labor cost

Overhead rate = 888 * 100/1200

Overhead rate = 74% of direct labor cost

2. Preparation of the brief job-order cost sheet for the four jobs.

                                                Job 86    Job 87   Job 88  Job 89

Beginning balance, March 1  6,888       6,820

Direct materials                      3,000       7,000      2,100     1,500

Direct labor                             800          6,000      900       500

Applied overhead                   <u>592 </u>        <u> 4440</u>        <u>666</u>      <u>370</u>

Total Balance March 31        <u>11,280</u>      <u>24,260</u>     <u>3,666</u>   <u>2,370</u>

5 0
3 years ago
C. D. Rom has just given an insurance company $34,500. In return, he will receive an annuity of $4,200 for 20 years. At what rat
vivado [14]

Answer:

10.53%

Explanation:

In this question, we use the RATE formula that is shown in the attachment. Kindly find it below:

Data provided  

Present value = $34,500

Future value or Face value = $0

PMT = $4,200

NPER = 11 years × 2 = 22 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative

So, after solving this, the rate of return is 10.53%

8 0
3 years ago
Henry, Luther, and Gage are dissolving their partnership. Their partnership agreement allocates each partner 1/3 of all income a
zzz [600]

Answer: b. Debit Henry, Capital $42,500; debit Luther, Capital $34,500; credit Cash $77,000. Debit Henry, Capital $45,000; debit Luther, Capital $37,000; credit Gage, Capital $5,000; credit Cash $77,000.

Explanation:

The deficiency will apportioned to Henry and Luther equally.

Henry capital becomes = 45,000 - 2,500 = $42,500

Luther capital becomes = 37,000 - 2,500 = $34,500

The $77,000 will then be debited to their capital accounts to recognize the balance left in their accounts:

= 42,500 + 34,500

= $77,000

Credit Gage for $5,000 to recognize that Henry and Luther paid off the deficiency.

4 0
2 years ago
Suppose disposable income increases by $ 2,000. As a result, consumption increases by $ 1,500. 1. The increase in savings result
NeTakaya

Answer:

1. The increase in savings resulting directly from this change in income is $500

That is

Increase in savings = Increase in income minus increase in consumption

= 2000 - 1500

= $ 500

2.The marginal propensity to save (MPS) is calculated by dividing the change in savings by the change in income.

That is

ΔS/ ΔY,

Therefore given

Change in savings =ΔS =$500

Change in income =ΔY = $2000

MPS = 500/2000

MPS = 0.25

3.The marginal propensity to consume (MPC) is calculated by dividing change in consumption by changes in come.

That is ΔC / ΔY

Where ΔC = 1500

ΔY = 2000

Therefore MPC = 1500/2000

= 0.75

1. The increase in savings resulting directly from this change in income is $

8 0
3 years ago
Happy Company wants to raise $2 million with debt financing. The funds are needed to finance working capital, and the firm will
shepuryov [24]

Explanation:

Happy Company will consider both capital expenses and foreign exchange threats.

If Happy's calculations are right, borrowing from Minland Bank is the best choice.

However, since forecasts are based solely on estimation, the choice is still centered on Happy Company's risk appetite, whether to take an 8 per cent flat rate, a strong 14 per cent rate, but with a chance of decline or a small 5 per cent rate, but with a possibility of appreciation.

7 0
2 years ago
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