Why are savings tools ideal for storing emergency savings? identify at least two reasons. (2 points?

stealth61 [152]

Answer:

a) if the terms of trade are 4 chips for 1 pretzel, would trade be advantageous for Luxland? explain.

Yes, it is advantageous for Luxland. On its own, Luxland can only produce 1 chip for 1 pretzel, but with trade, 1 pretzel would now be equivalent to 4 chips, representing a net gain of 3 chips.

b) if the terms of trade are 4 chips for 1 pretzel, would trade be advantageous for Leanderland? explain.

No, trade would not be advantageous. We can see than domestically, Leanderland can produce 2 pretzels for every chip, because the graph shows that 4 chips are equivalent to 8 pretzels for this nation.

For trade to be advantageous, Leanderland should obtain at least 9 pretzels for the 4 chips.

3 0

3 years ago

The maintenance of money’s value is said to depend on the monetary authorities. What might the monetary authorities do to devalu

erica [24]

Answer: One thing that could be done to devalue a currency is to issue more currency into their markets.

Explanation:

Any asset or goods can be based on how scarce the product or assets it. The authorities in the foreign markets could make more currency and this will devalue the currency because the market will be saturated. The money/currency will still be at the same value as before but the purchasing power will be reduced since there is an added supply of money in the economy.

8 0

2 years ago

There is a 4 percent error rate at a specific point in the production process. If an inspector is placed at this point, all the

Vsevolod [243]

<u>Solution and Explanation:</u>

The given data is as follows:

Error rate = 4%, per hour payment of inspector = $8, inspection of units = at the rate of 49 per hour, cost = $9 per unit

The problem can be solved as considering an opportunity to have an improvement of 4% in the quality.

In case inspector is not hired then it will cost .04 multiply 9= $.3.6 per unit and in case the inspector is hired it will cost $ 0.163 approx.(8 divided by 49).

Therefore, on comparison, it is recommended to hire the inspector.

8 0

2 years ago

Upton Manufacturing Corporation has a traditional costing system in which it applies manufacturing overhead to its products usin

Nataliya [291]

Answer:

$67.80.

Explanation:

Long Short

Direct materials per unit $ 14.70 $ 48.50

For 60,000 units 882,000

Direct labor per unit $ 17.30 $ 50.90

For 60,000 units 1038000

Direct labor-hours per unit 0.70 2.10

Estimated Overhead 1796,077 1690,343

Total Costs 3716077

Unit Cost = Total Costs/ No of units = $ 3716077/ 60,000= $ 61.93=$ 62

Working

Direct labor support Cost for Long= ( $ 2,034,020 / 63,000 )* 42,000 =

$ 1356,013

Setting up machines Cost for Long(434,400 / 2,940 )*1190= $175,829

Part administration Cost for Long =( 1,018,000 / 3,660)* 950= $ 264,235

Long Short

Direct materials per unit $ 14.70 $ 48.50

Direct labor per unit $ 17.30 $ 50.90

Direct labor-hours per unit 0.70 2.10

Annual production 60,000 10,000

Estimated total manufacturing overhead $3,486,420

Estimated total direct labor-hours 63,000

Activities Activity Estimated

Measures Overhead Cost

Direct labor support (DLHs) $ 2,034,020

Setting up machines (setups) 434,400

Part administration (part types) 1,018,000

Total $ 3,486,420

Expected Activity Long Short Total DLHs

42,000 21,000 63,000

Setups 1,190 1,750 2,940

Part types 950 2,710 3,660

The unit product cost of product Long under the company's traditional costing system is closest to:

3 0

3 years ago

Walsh Company sells inventory to its subsidiary, Fisher Company, at a profit during 2012. One-third of the inventory is sold by

Ivanshal [37]

Answer:

A. Retained earnings

Explanation:

At the end of the period, the temporary accounts are closed, their balance is transfer to retained earnings, so the COGS and the sales revenue involved in the intra-entity transfer are contained in the retained earnings account

7 0

3 years ago