Answer:
Total balance in the work-in-process inventory account on September 30th was $ 121000 + $ 110825= $ 231825
Explanation:
Cost per equivalent unit for material = $ 5.50
Equivalent units of materials = 22,000
Cost of Materials = $ 121,000
Cost per equivalent unit for labor and overhead = $ 5.50
Equivalent units of materials = 20,150
Cost of labor and FOH = $ 110825
Total balance in the work-in-process inventory account on September 30th was = Material + Labor + OH= $ 121000 + $ 110825= $ 231825
Occasionally, barriers to entry may lead to pure monopoly; in other market conditions, they may limit competition to a few oligopoly firms
<h3>Do barriers to entry exist in a pure monopoly?</h3>
Due to entrance restrictions that deter prospective rivals, firms acquire monopolistic power. Barriers to entry, or conditions that make it difficult or impossible for potential competitors to participate in the market, give monopolies their market strength.
The four main elements of monopoly are: (1) a single business controlling the entire output of a market; (2) a distinctive product; (3) barriers to admission and departure from the industry; and, frequently (4) specialised knowledge about production methods that are not available to other potential producers.
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Answer:
e) Increase the required rate of return used to evaluate the project to reflect the higher risk of the project
Explanation:
As per the basic concept of investment, "higher the risk, higher the return".
Thus, an investor assumes a higher risk only in the scenario wherein the expected return would be commensurate with such risk. Investor would only invest in a risky asset when the return derived can compensate him for the excess risk assumed.
Required rate of return is an investors expectation of return from a project also referred to as the cost of capital.
So for the purpose of evaluating the project, the investor should use a higher required rate of return to signify higher risk which would reveal the true viability of the project.
Answer:
Net export of goods and services equals -$578.4 billion(its in negative)
While Gross Domestic Product is $19,485.4 billion
Explanation:
Formula for Gross Domestic Product (GDP) using expenditure approach is
C + I + G + (X-M)
where (X-M) is the net exports of goods and services.
C is consumption
I is Investment
G is government spending or purchases
X is the total exports
M is the total imports
The first question find net exports of goods and services
Net export = export (X) - import(M)
$2,350.2 - $2,928.6
= -$578.4 billion
The second question which is calculation of GDP is
$13,321.4 + $3,368.0 + $3,374.4 + $2,350.2 - $2,928.6
=$19,485.4
If Joe has been unable to find a job because he lacks the necessary computer skills. Joe is Structurally unemployed.
<h3>
What is structurally unemployed?</h3>
Structurally unemployed can be defined as the way in which a person is unable to find a job that matches his/her skills.
A structurally unemployed person may tend to find if difficult securing a job despite jobs are available because the skill the person possess does not match the skills that the company are looking for .
Therefore the correct option is D.
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