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Alexxandr [17]
3 years ago
9

In the government sector, there is a. nothing comparable to profit and loss that will weed out inefficient activities. b. nothin

g comparable to bankruptcy that will bring inefficient programs to a halt. c. a strong incentive for managers of government agencies and enterprises to expand the size of their government funding. d. All of the above are true.
Business
1 answer:
Marta_Voda [28]3 years ago
8 0

Answer:

Option D is correct.

All of the above.

Explanation:

In the government sector, there is:

a. nothing comparable to profit and loss that will weed out inefficient activities.

b. nothing comparable to bankruptcy that will bring inefficient programs to a halt.

c. a strong incentive for managers of government agencies and enterprises to expand the size of their government funding.

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If you have an extremely "bullish" outlook on the stock market, you could attempt to maximize your rate of return by ___________
Bad White [126]

purchasing out-of-the-money call options is the answer

6 0
3 years ago
A budget surplus means that: A. Government expenditures are greater than revenues in a given year B. Government revenues are gre
bija089 [108]

Answer:

B. Government revenues are greater than expenditures in a given year

Explanation:

A government budget surplus is when the revenue of the government is higher than its expenditure in a given year.

Tax is one of the sources of government income.

Government spend money on the provision of public goods.

When government expenditures are greater than revenues in a given year, there is a deficit

When expenditure is equal to revenue, there is a balanced budget.

When a nation's exports is greater than its imports, net export is postive.

When a nation's imports are greater than its exports, net export is negative.

8 0
3 years ago
A building acquired at the beginning of the year at a cost of $1,375,000 has an estimated residual value of $250,000 and an esti
BARSIC [14]

Answer:

a. 0.05

b. $68,750

a. $1,150,000

b. 0.1

c. $115,000

Explanation:

Depreciation expense using the double declining method = Depreciation rate x cost of the asset

Depreciation rate = 2 x (1/useful life)  = 2 / 40 = 0.05

The double-declining-balance depreciation for the first year = 0.05 x $1,375,000  = $68,750

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

The depreciable cost = Cost of asset - Salvage value = $1,450,000 - $300,000 = $1,150,000

The straight line rate = 1 / useful life = 1 / 10 = 0.1

The annual straight-line depreciation = $1,150,000 x 0.1 = $115,000

5 0
3 years ago
Bakerston Company is a manufacturing firm that uses job-order costing. The company's inventory balances at the beginning and end
Jet001 [13]

Answer:

<u>a schedule of cost of goods manufactured</u>

Direct Raw materials                                    $281,000

Direct Labor                                                  $377,000

Indirect Raw materials                                  $26,000

Indirect Labor                                                $96,000

Factory utility costs:                                       $10,000

Depreciation - factory operations               $120,000

Add Opening Work In Process                     $27,000

Less Closing Work In Process                       ($9,000)

cost of goods manufactured                        $928,000

Under Recovery = $14,000

Explanation:

a. Prepare a schedule of cost of goods manufactured.

Raw Materials Used in Manufacturing = $14,000+$315,000-$22,000

                                                               = $307,000

<u>a schedule of cost of goods manufactured</u>

Direct Raw materials                                    $281,000

Direct Labor                                                  $377,000

Indirect Raw materials                                  $26,000

Indirect Labor                                                $96,000

Factory utility costs:                                       $10,000

Depreciation - factory operations               $120,000

Add Opening Work In Process                     $27,000

Less Closing Work In Process                       ($9,000)

cost of goods manufactured                        $928,000

b. Was the manufacturing overhead under- or overapplied

Factory Overheads Applied = Predetermined Rate × Actual Activity

Predetermined Rate = Budgeted Overheads/ Budgeted Activity

                                  = $231,000/33,000 machine hours

                                  =$7.00 per machine hour

Factory Overheads Applied = $7.00 × 34,000 machine hours

                                              = $238,000

<u>Actual Overheads </u>

Indirect Raw materials                                  $26,000

Indirect Labor                                                $96,000

Factory utility costs:                                       $10,000

Depreciation - factory operations               $120,000

Total                                                              $252,000

Actual Overheads $252,000 > Factory Overheads Applied $238,000

Under Recovery = $14,000

5 0
3 years ago
Data concerning Follick Corporation's single product appear below: Selling price per unit $ 270.00 Variable expense per unit $ 7
kumpel [21]

Answer:

Break-even point (dollars)= $219,000

Explanation:

Giving the following information:

Selling price per unit $270

Variable expense per unit $78.30

Fixed expense per month $ 155,490

To calculate the break-even point in dollars, we need to use the following formula:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 155,490/ [(270 - 78.3)/270]

Break-even point (dollars)= $219,000

8 0
3 years ago
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