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3 years ago

TP2.

Business

1 answer:

Karo-lina-s [1.5K]3 years ago

8 0

Answer and explanation:

As their name describes, <em>nonprofit entities</em> are organizations whose main plan is not to have revenues out of their operations. They usually provide social services to different sectors of the population and can handle their operations mainly thanks to charity and donations. While making their budgets, these organizations cannot estimate their revenues since they cannot take donations for granted. Instead, they estimate their expenses since they will be incurred for sure.

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Maury and Bev have saved all their lives and they have been able to pay off their mortgage on their home. Bev is getting elderly

klemol [59]

Answer:

Reverse Mortgage Loan

Explanation:

Banks allow older people above the age of 62 to use their home's value to obtain a reverse mortgage loan. The bank values the home and extends credit facilities to its elderly owners. The loan amount is usually a part of the home's value and is paid as a lump sum or fixed monthly payments.

Maury wants to apply for a reverse mortgage loan. He will use the value of their home to obtain a credit facility to care for Bev. Maury does not need to repay the loan. The bank will recover its money by selling the house once the couple dies or relocates.

6 0

3 years ago

The following data relate to labor cost for production of 22,000 cellular telephones:

Anuta_ua [19.1K]

Answer:

Results are below.

Explanation:

Giving the following information:

Production= 22,000 units

Actual: 4,220 hrs. at $44.50

Standard: 4,160 hrs. at $46.00

<u>To calculate the direct labor time and rate variance, we need to use the following formula:</u>

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (4,160 - 4,220)*46

Direct labor time (efficiency) variance= $2,760 unfavorable

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (46 - 44.5)*4,220

Direct labor rate variance= $6,330 favorable

Total variance= 6,330 - 2,760

Total variance= $3,570 favorable

5 0

3 years ago

Suppose that the market demand for 32-oz. wide mouth Nalgene bottles is Q = 50,000p^-1.076, where Q is the quantity of bottles p

Natasha_Volkova [10]

Answer:

Equilibrium price and quantity

$6.44 and 6768

Consumer surplus

$571,081

Producer Surplus

$5,288

Explanation:

In this question, we are asked to calculate equilibrium price and quantity, consumer surplus and producer surplus.

Please check attachment for complete solution and step by step explanation

4 0

4 years ago

Consider two neighboring island countries called Euphoria and Contente. They each have 4 million labor hours available per week

liubo4ka [24]

Explanation:

here is an explanation and solution to your question

For Euphoria:

The opportunity cost of producing a unit of rye in terms of jeans =20/5 = 4

for contente:

The opportunity cost of producing a unit of rye in terms of jeans = 16/8 = 2

opportunity cost of producing 1 unit of jean in terms of unit of rye:

for euphoria = 5/20 = 1/4

for contente = 8/16 = 1/2

Euphoria's opportunity cost of producing a a bushel of rye is 4 pairs of jeans.

contentes opportunity cost of producing a bushel of rye is 2 pairs of jeans.

contente has comparative advantage in producing rye

euphoria has comparative advantage in jeans production

contente produces 8 bushels of rye so with 4 million hours of labor = 8x4 = 32 million bushels in a week.

euphoria 20 pairs of jean in a week, using 4 million hours of labor. 20x4 = 80 pairs of jean a week

8 0

4 years ago

Maud, a calendar year taxpayer, is the owner of a sole proprietorship that uses the cash method. On February 1, 2019, she leases

gtnhenbr [62]

Answer:

She can deduct the full $120,000. the answer is $120,000.

Explanation:

Therefore, M is following cash basis of accounting , She can deduct the full $120,000 amount. Under cash system, expenses are recorded when cash is paid irrespective of whether it is accrued or not.

5 0

4 years ago