Answer:b) quality of products and services improves.
Explanation:GDP(GROSS DOMESTIC PRODUCT) is an economic term used to describe the total value of goods produced and services rendered within an economy over a given period of time.
GDP is a macroeconomic measure used by development agencies and economy managers to determine the performance of an economy.
GDP MAY UNDERESTIMATE THE CHANGES IN THE ECONOMIC WELLBEING OF A COUNTRY OVER TIME IF THE QUALITY OF PRODUCTS AND SERVICES IMPROVE,AS IT DOES NOT CONSIDER IT IN THE ESTIMATION.
Answer:
C) Illusory
Explanation:
More than an illusory contract (which means an unreasonable and non-enforceable contract), this is an unconscionable contract that no court would enforce.
This contract is so one sided that it damages the other party. The duties in clued in this contact are not enforceable because no person should be forced to do all those things just because the other party has more bargaining power.
Out of the 5 possible options the illusory contract is the only possible choice. Illusory contracts are also non-enforceable since only one side provides real consideration.
Overhead rate is calculated by dividing the overhead cost by the direct cost over a similar period of measurement. In our case, the basis is per hour. The overhead cost is the rough estimate of the cost made through the proper reference to the historical data for old establishments and projections for the new ones. This can be expressed as,
overhead rate = (overhead cost / direct cost) x 100%
Substituting the known values,
overhead rate = ($75 / $50) x 100%
overhead rate = 150%
<em>ANSWER: overhead rate = 150% </em>
Answer:
$4,375
Explanation:
Given that,
Crane Company balance = $9,250
Balance of Hale company = $3,000
Balance of Janish company = $1,875
January 1 balance in the Valdez Company subsidiary account:
= Crane Company Accounts Payable control account + Hale Company balance + Janish Company balance
= $9,250 + $3,000 + $1,875
= $4,375
