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3 years ago

Choose two occupations one that pays high wages and one that pays low wages. explain the reasons of the differences

Business

1 answer:

KengaRu [80]3 years ago

4 0

Choose two occupations one that pays high wages and one that pays low wages. explain the reasons of the differences

Two occupations that pay entirely different wage are a lawyer and a housekeeper. One of the major reasons that there is a difference in the pay, is the requirements to obtain the job are vastly different. A lawyer requires years of school, passing standardized tests and more just to be qualified to apply for the position. A housekeeper can gain experience while working on the job without certifications.

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A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that fa

melomori [17]

Answer:

b. credit to factory overhead for $432,000.

Explanation:

Before recording the factory overhead costs we need to do the calculations which are shown below:

For computing the ended overhead amount, first, we have to compute the predetermined overhead rate. The formula is shown below:

Predetermined overhead rate = (Total estimated factory overhead) ÷ (estimated direct labor-hours)

= $360,000 ÷ 30,000 hours

= $12

Now we have to find the actual overhead which equal to

= Actual direct labor-hours × predetermined overhead rate

= 36,000 hours × $12

= $432,000

So, the ending overhead equals to

= Actual manufacturing overhead - actual overhead

= $377,200- $432,000

= $54,800 under-applied

5 0

3 years ago

Many academic institutions offer a sabbatical policy. Every seventh year a professor is given a year free of teaching and other

Fittoniya [83]

Answer:

$ 127,773.36

Explanation:

The professor will be in sabbatical in years 7, 14, 21, 28, 35 and 42

In each of these years, he receives full pay amounting to=50,000

The PV of the sabbatical full pay

= $\frac{50,000}{1.04^7} + \frac{50,000}{1.04^14} + \frac{50,000}{1.04^21} + \frac{50,000}{1.04^28} + \frac{50,000}{1.04^35} +\frac{50,000}{1.04^42} = 84,101.22$

=50,000/(1+4%)^7+ 50,000/(1+4%)^14+ 50,000/(1+4%)^21+ 50,000/(1+4%)^28+50,000

/(1+4%)^35+ 50,000/(1+4%)^42

==50,000/(1+4%)^7+ 50,000/(1+4%)^14+ 50,000/(1+4%)^21+ 50,000/(1+4%)^28+50,000

/(1+4%)^35+ 50,000/(1+4%)^42

= $\frac{50,000}{1.316} + \frac{50,000}{1.732} + \frac{50,000}{2.279} +\frac{50,000}{2.999} +\frac{50,000}{3.946} + \frac{50,000}{5.193}$

=37,993.92 + 28,868.36 + 21,939.45 + 16,672.22 + 12,671.06 + 9,628.35

= $ 127,773.36

Thus, at an interest rate of 4%, the present value of all the sabbatical earnings amount to $ 127,773.36

6 0

3 years ago

If tickets to the Rancho Cucamonga Quakes game are considered an inferior good, falling incomes of their fan base will:_______.

lara [203]

Answer:

Increase demand for tickets to the Rancho Cucamonga Quakes game

Explanation:

An inferior good is a good whose demand increases when income falls and whose demand falls as income increases.

Inferior goods are opposites of normal goods whose demand increases as income rises.

I hope my answer helps you.

8 0

3 years ago

Which of the following statements is CORRECT? Select one: a. Higher sales usually require higher asset levels, and this leads to

Scorpion4ik [409]

Answer:

b. If a firm's assets are growing at a positive rate, but its retained earnings are not increasing, then it would be impossible for the firm's AFN to be negative.

Explanation:

AFN represents Additional Funds Needed and that whenever a company plans for expansion it should have resources, generally these are borrowed from outside.

So when the firm is growing positively it have profits with it and simultaneously if there is no increase in retained earnings then it means the company is distributing such profits as dividends, and in that case there will be a positive balance of AFN as, the funds are still needed even in case of profits.

Thus, in no manner the balance of AFN will be negative in this instance.

3 0

4 years ago

State four components of business studies

Bess [88]

Answer:

The 4 main component of Business studies are,

Finance
Accounting
Marketing
Organizational Studies

Explanation:

Finance concerns with managing the money and the wealth of the organization so it could grow in the future.

Accounting is the function that records, controls and interprets the financial performance of an organization.

Marketing deal with the market that the company operates in, to enable the organization to adapt according to the current market status and customer needs.

Organizational studies the different aspect of organization, how to form them, control them, maintain them, different structure, etc.. Also, it concerns about the functions of a manager in an organization. Such as planning, leading and controlling.

3 0

4 years ago