Answer:
$580,000 under applied.
Explanation:
The computation of the company's year end overhead is seen below;
The applied overhead is
= Predetermined overhead rate × actual machine hours
= $40 × 90,000
= $3,600,000
Then, the applied overhead
= $4,180,000 - $3,600,000
= $580,000
Hence, the ending overhead is $580,000 under applied
A tax cut's impact on the economy would typically be weaker if people anticipated that it would only be temporary.
This is due to the fact that fiscal policy often focuses on macroeconomic stabilization, which involves lowering taxes to support a struggling economy and raising taxes to fight inflation.
Taxation and expenditure measures taken by the federal government to stimulate the economy are referred to as fiscal policy.
Discretionary Fiscal Policy is the term used to describe budgetary actions taken by the federal government to alter the status quo economy or to control inflation.
When fiscal policies are put into practice, either government spending is reduced, taxes are raised, or both.
Learn more about Fiscal Policy here
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Answer:
1. true
2. false
3. true
Explanation:
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
An example of monopolistic competition are restaurants
In a monopolistic competition, price is higher than marginal costs, so the market cannot be productively efficient. Also, price is higher than marginal cost, so monopolistic competition cannot be allocative efficient.
Answer:
Pelican's debt ratio 9%
Timberland's debt ratio 50%
The times interest earned ratio for Pelican 57.5
The times interest earned ratio for Timberland 10.45
C is correct as Pelican has 57.5 times interest earned ratio while Timberland only 10.45 times.in other words,earnings of Timberland is more volatile.
D is also correct ,since it has financial leverage of 50.46% as against Pelican financial leverage of 9.17%
The operating margin for Pelican is 14.76% while the operating margin for Timberland is 13.8%
Return on total assets for Pelican is 36.9% and that of its competitor is 34.5%
The return on equity for Pelican 40.6% and that of Timberland is 69.6%
C is correct as Pelican is more profitable than Timberland as shown by the higher net profit margin and return on assets
B is correct, even though Pelican is more profitable (higher net profitmargin), Timberland has a higher ROE than Pelican due to the additional financial leverage risk.
Explanation:
All of the ratios requested for are found in the attached spreadsheet.
