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elena-14-01-66 [18.8K]
3 years ago
5

Many economists agree that government should deal with monopolists on a case-by-case basis. policy options include the following

, except:
Business
1 answer:
vovangra [49]3 years ago
6 0
I had to look for the options and here is my answer:

Majority of the economists agree that the government should deal with monopolists on a case-by-case basis, policy options are provided but except for the one that IF THE MONOPOLY MAXIMIZES ECONOMIC PROFITS, NEW FIRMS SHOULD BE SUBSIDIZED BY THE GOVERNMENT TO ENTER THE INDUSTRY.
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In December 2016, Learer Company’s manager estimated next year’s total direct labor cost assuming 40 persons working an average
nignag [31]

Answer:

1a. Predetermined Overhead Rate= 60%

Explanation:

Predetermined Overhead Rate=

Estinated overhead cost/Direct labor cost= $1,440,000/(40*$20*3000)

=60%

1b. Total Overhead Cost applied to each job

Job No Direct Labor Applied FOH60%

201 606,000 363,600

202 565,000 339,000

203 300,000 180,000

204 718,000 430,800

205 316,000 189,600

206 19,000 11,400

Total $2,524,000 $1,513,600

Overhead cost applied=

Direct Labor (1.b) * Predetermine overhead rate (1.a)

example:

(Job No. 201) 606,000 * 0.6 = 363,600

1c. Over applied or under applied at year end 2017

Actual Over head cost $1,542,000

Less:Overhead Appied - $1,513,600

Under applied over head $28,400

2. Adjusting Entry

Date Account Title Debit Credit

Dec Cost of goods $28,400 -

-31 sold

Factory - $28,400

Overhead

5 0
3 years ago
Read 2 more answers
The account "Warranty Liability": is adjusted at the end of the year. is credited each time a warranty repair is made. has a yea
Valentin [98]

Answer:

The account "Warranty Liability":

is adjusted at the end of the year

4 0
3 years ago
In January of the current year, Stan Signowski's U.S. employer assigned him to their Paris office. This year, he earned salary,
elixir [45]

Answer:

Stan appears to satisfy the basic Sec. 911 exclusion requirements for his year of arrival since he will be physically present in France for at least 330 days during his year of arrival. The actual number days for which the exclusion can be claimed depends on the length of time he spent in the United States. The salary, cost-of-living allowance, housing allowance, home leave allowance, and education allowance all are excludable up to the Sec. 911 limitation (calculated on a daily basis). In addition, Stan can claim an exclusion for the housing cost amount minus the base amount (calculated on a daily basis). Both exclusions are denied for the portion of Stan's salary and allowances attributable to his time in the United States. The portion of his employment-related expenses and foreign taxes attributable to the excluded income are unable to be deducted or credited. The foreign-earned income exclusion and housing cost amount exclusion are both elected by claiming such amounts on Form 2555.

Not knowing the amount of the foreign income taxes, and other components of Stan's tax return, it is impossible to know whether Stan should elect out of the Sec. 911 exclusion. Stan may have spent sufficient number of days in the United States on his trip home to need to qualify for the foreign-earned income exclusion under the bona fide foreign resident rules. In such case, he will not qualify for the exclusion until the end of this second calendar year in France. The exclusion would then be available retroactively back to the date on which he established foreign residency status.

Explanation:

5 0
3 years ago
A pharmacist is part of the biotechnology research area.<br> A. <br> True<br> B. <br> False
Vitek1552 [10]

Answer:

True

Explanation:

The pharmacist works in the biotech field. Therefore this is true!

7 0
3 years ago
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What is the first question that needs to be answered when organizing an economy? A. How is production to be organized? B. What i
AlexFokin [52]
The first question that needs to be answered when organizing an economy is B. What is to be produced?
Before everything, the producer needs to figure our what it is that he or she wants to produce, what exact type of goods they want their consumers to buy. Based on that decision, they will allocate as much resources as necessary to actually produce those goods.
7 0
4 years ago
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