Answer:
manufacturing overhead
Explanation:
Since the manufacturing overhead comprises of all the indirect cost related to the factory like - depreciation on factory equipment, property taxes, indirect labor, indirect material, manager salary who worked for factory, etc
Since indirect labor has come under the manufacturing overhead so, the same is debited to manufacturing overhead as indirect labor is incurred
Answer:
$227,272
Explanation:
Ending inventory at base-year retail prices =
Ending inventory at current-year retail prices
÷The current-year price index
Ending inventory at current-year retail prices $250,000
The current-year price index 1.10
Hence:
$250,000÷1.10
=$227,272
Answer:
- What is the meaning of the X- and Y-intercepts?
C) These are the limits of production if all resources are used to produce only one good.
When the production possibilities frontier (PPF) intersects the X or Y axis, it shows the maximum output level if all the resources are used to produce only one good.
- Why would an economy produce at this point?
D) All of the above.
When an economy is producing at either intersection point (X or Y), it is usually not because of extreme specialization but rather due to failures or negative factors that prevent the production of the other good. Employment failures that lead to an ineffective allocation of labor or capital deficiencies which result in an ineffective allocation of capital resources (including technology).
- Suppose you succeeded in lifting your economy to a point on its PPF. What point would you choose? How might your small society decide the point at which it wanted to be?
A) This depends on the value the society places on necessities and luxuries.
The theory behind the PPF not only applies to economies, it also applies to consumers and the consumption possibilities frontier (CPF). Consumers decide what products to buy depending on how they want to satisfy their needs, either by purchasing products that satisfy basic necessities or purchasing luxury products.
Answer:
ordinary income.
Explanation:
Life insurance death proceeds are generally tax free, I guess once you die you stop paying taxes, but your beneficiaries will also not pay taxes in case of death.
But generally all other events that affect the cash value of a permanent life insurance are taxed as ordinary income. The policy cost basis is the total amount paid in premiums. E.g. if the policy is surrendered for its cash value, and that value exceeds the premiums paid, the excess is taxed as ordinary income.
Entry or exit of firms from the market
