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4 years ago

What is the amount of hours that people work each year

1 answer:

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Until 1984, an hourly rate of basic pay was computed by dividing the employee's annual rate of basic pay by 2,080 hours (the number of hoursin 52 workweeks of 40 hours) and rounding to the nearest cent. For a regular full-time employee, the hourly rate was then multiplied by 80 to determine the biweekly gross pay.

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Mia and Jack are two chocolate producers. Mia packs her chocolates in attractive boxes and charges slightly more than Jack does.

Rama09 [41]

The correct answer is B. Monopolistic competition

Explanation:

Monopolistic competition occurs when the producers of a product determine the price of it. Also, the products sold have differences, which means consumers do not consider one product can be substituted by another because the qualities, brand, appearance, etc. are different. This is the opposite of perfect competition, in which products are substitutes and price is determined by price and demand rather than producers.

Monopolistic competition occurs in the case presented because the chocolates sold by Jack are different from those sold by Mia, who uses attractive boxes. Also, due to this difference, Mia can set higher prices and still get more demand from consumers.

6 0

3 years ago

TP4.

timofeeve [1]

Answer:

There would be no under-applied or over-applied overhead since the overhead applied will be equal to budgeted overhead.

Explanation:

Overhead application rate is the ratio of budgeted overhead to budgeted activity level. Overhead applied is overhead application rate multiplied by actual activity level. Under/over-applied overhead is the difference between overhead applied and budgeted overhead.

7 0

3 years ago

An investment offers to double your money in 30 months (don’t believe it). What rate per six months are you being offered? (Do n

kykrilka [37]

Answer:

9.05%

Explanation:

The formula that would be used to fund the interest rate =

[(FV / PV)^1/N ] - 1

FV / PV = Future value/ present value = 2 (The investment offers to double the investment)

M = 5 (30 months / 6 months )

(2 ^1/8) - 1 = 0.090508 = 9.05%

I hope my answer helps you

6 0

3 years ago

A business plan is a detailed written statement that describes the nature of the business, the target market, the advantages the

Nastasia [14]

Answer:

a. True

Explanation:

This statement is true, as the business plan is a document that contains all the detailed details of the business objectives, the actions necessary to achieve these objectives and goals.

An effective business plan will be one that will help to reduce the risks and uncertainties added to a business, helping to better position a new organization in the market. Included in the business plan are financial planning, marketing planning, operational planning and all the necessary steps for the company's activities to take place in an anticipated manner, increasing the potential of the organization.

7 0

3 years ago

Waterway Industries purchased land as a factory site for $1330000. Waterway paid $112000 to tear down two buildings on the land.

nasty-shy [4]

Answer:

A. $1,487,840

B. $4,517,860

Explanation:

a. Calculation for The cost of the land that should be recorded by Wilson Co

Cost of Land=$1,330,000+$112,000-$8,000+$5,140+$39,00+$9,700

Cost of land=$1,487,840

Therefore The cost of the land that should be recorded by Wilson Co. is:$1,487,840

b. Calculation for The cost of the building should be recorded by Wilson Co

Cost of building=$46,900 + $4,200 + $15,760 + $4,200,000 + $251,000

Cost of building=$4,517,860

Therefore The cost of the building should be recorded by Wilson Co. is: $4,517,860

6 0

3 years ago