Answer:
Option d ($20,000 Debit balance) is the appropriate option.
Explanation:
The given values are:
Total overhead costs,
= $400,000
Direct labor costs,
= $2,000,000
Actual overhead incurred,
= $380,000
Actual direct labor costs,
= $1,800,000
Now,
As a % of labor cost, the OH will be:
= 
= 
The absorbed overhead will be:
= 
= 
Then,
The balance in overhead account will be:
= Actual overhead incurred - Absorbed overhead
= 
= 
($) (Debit balance)
Answer:
The correct answer is option A.
Explanation:
For a free market to exist it is necessary that the government defends the property rights of the individuals and businesses. We are aware that in an economy resources are scarce. The ownership rights of these resources provide the incentive to businesses or individuals to make efforts.
Private property is capital in a free market economy. Individuals or businesses will invest in these resources if they have the right to own them. So, private property rights must be protected by the government.
The first and last one, the ones with the budget, and the one with the functional goals
The answer would be D, a conflict of interest would be when someone is personally benefitting by taking advantage of their position or job. hope this helps!
Answer:
<u>Cyclical unemployment</u> is 0% as the unemployment is in equilibrium, so it is no recession or boom.
<u>Structural unemployment</u><u> </u>is 20/500=4% There workers are not able to find jobs which is possible with their skill sets, thus it is part of structural unemployment,
<u>Frictional unemployment</u> is 10/500=2% as there is a time lag in finding the job they want and this is due to that.
