Answer:
B. Firms are hesitant to rehire laid off workers as they continue to operate below capacity.
Explanation:
- When the economy is in a slow pace and sluggishness takes place then it said to be harmful to the business and has negative impacts on the labor market. As the business are less willing to hire laid-off workers as they continue to operate below capacity due to the weakness in the economic growths of the nation.
Answer:
Effect on income= $21,192 increase
Explanation:
<u>Because it is a special offer and there is unused capacity, we will take into consideration only the incremental fixed costs.</u>
Direct Materials $7
Direct Labor $8
Variable Overhead $7
Incremental fixed costs= $4,808
<u></u>
<u>To calculate the effect on income, we need to use the following formula:</u>
<u></u>
Effect on income= total contribution margin - incremental fixed costs
Effect on income= 2,000*(35 - 7 - 8 - 7) - 4,808
Effect on income= $21,192 increase
Answer:
A. No, this was a unilateral mistake of fact by Sid.
The correct answer is C. Time draft
Explanation:
In trade, a time draft is a document that acts as credit, this means the buyer of the product can get the product and pay it after a certain amount of time, which is stipulated through the draft. Moreover, this draft is accepted by both the buyer and the seller, and it is most commonly used in international trade. This type of draft is the one used in the case presented because the payment will occur in the future rather than immediately as it occurs in other types of drafts such as a sigh draft or in regular trade drafts. Also, in this case, the buyer obtained the good (oil painting) before payment occurs and the draft acts as a promise of paying.
Answer:
Mandatory spending is simply all spending that does not take place through appropriations legislation. Mandatory spending includes entitlement programs, such as Social Security, Medicare, and required interest spending on the federal debt. Mandatory spending accounts for about two-thirds of all federal spending.
Explanation:
Hope it helps
