Answer:
Benefits enjoyed by not having trash in unused building and vacant plots
Explanation:
Opportunity cost is the foregone benefit by deciding in favor of one item over the others. It is the value of the forfeited option. Opportunity cost is quantified as the cost of the next best alternative.
The local government has two options; to support local businesses or two remove trash from buildings. It has opted to support local businesses. Removing trash is the foregone benefit. The joy of having trash-free buildings and plots is the forfeited advantage. The value of a clean surrounding or the benefits derived by not having trash in the neighborhood is the opportunity cost.
Answer:
overhead rate: 15
applied overhead 30,000
underapplicatio for 1,000
Explanation:
The manufacturing overhead rate is determinate by dividingthe total expected cost by a cost driver. In this case, the machine hours.
estimated cost 150,000
expected machine hours 10,000
predeterminate overhead rate = 150,000/10,000 = 15
Next, to allocate cost, we multiply the actual value fo the cost driver by the rate
actual machine hours x MO rate
2,000 x 15 = 30,000 applied overhead.
Last, we compare with the actual overhead to determinate over or underapplied overhead:
applied - actual
30,000 - 31,000 = -1,000
Thew overhead was underapplied, as the cost were for 31,000 but we only recognize 30,000
Answer:
a. Lockheed Martin is a government contractor
b. Amtrak is a government corporation
Explanation:
a. Lock heed Martin as a Government Contractor
A government contractor is a company that does contracts predominantly supplied by the government. The contracts are financed by the government mostly from tax collection. These contracts vary in type whether it is defense or any other type of contract for that matter.
In the case of Lockheed Martin, this is a defense contractor that has been listed as one of the biggest government contractors over the years. It also has worldwide interest in aerospace and advanced technologies. This company was formed as a result of a merger between Lockheed Corporation and Martin Marietta on the March of 1995.
b. Amtrak as a government corporation
From these information it can be concluded that a government contractor is in most cases is a private company that bids for tenders from the government. The bidding process is usually open to all qualified companies. After thorough assessment of these bids, the government awards the contract to the most qualified company. In the case of Lockheed Martin, the government usually requires a specialized skills in aerospace, and defense.
A government corporation on the other hand is a huge company that is there majorly for the interest of the public. It is usually partly owned by the government therefor receives a combination of state and federal subsidies. It is also usually for non-profit purposes since it is formed for the benefit of the public. The National Railroad Passenger Corporation which does it's business with the name Amtrak is a railway corporation formed in 1971 and is partly owned by the government. It provides railway services of transporting people and goods connecting many states. It therefor serves as a government corporation.
Answer:
Correct answer is (C) a repayment plan.
Explanation:
Repayment plan is a method of payment of loan mostly in monthly payment that is agreed between the borrower and the lender and it is based on the interest rate on which the loan will be paid.
Since the Bianca is not a corporation, a partnership, ora family farmer or fisherman, he can only seek relief through repayment plan.
Answer: HR Department lever
Explanation:
HR department lever refers to ensuring that the human resources management function is delivering its services efficiently.
It should be noted that the three levers that exist in Human Resources are:
• HR department lever
• Employee cost lever
• Technology lever.
The Human Resource manager oversees the human resources department and make sure that services are provided effectively.
