Answer:
B. Workers lost these jobs because technological advances increased productivity.
Explanation:
The employees lost employment due to the increased efficiency of technological progress. By improving the productivity of manufacturing drivers, technological advancement expands an economic limit on the possibility of production, allowing equivalent output to be manufactured with fewer resources or more output to be manufactured with the same quantity of resources. For example a machine component that takes 5 men to lift and 10 to assemble in 5 minutes just takes a single machine that doesn't receive wages apart from lubricant a minute to lift and assemble perfectly. Definitely machines are replacing humans to increase efficiency and productivity. Only few humans are employed to supervise and monitor.
Answer:
1. $3.20 x 2.20 = $7.04
2. It will be favorable.
3. It will be unfavorable.
4. Direct material price variance = $22
Direct material quantity variance = 0.48
Explanation:
1. Standard direct cost per unit=cost of direct materials price x direct material standard quantity per unit.
2. It will be favorable because they expected or had budgeted to pay $3.60 per foot for the material but the actual cost became $3.20. So they pay $0.40 less than they had expected to pay.
3. It will be unfavorable because they had planed or budgeted for each unit to use 2.05 feet of leather but they ended up needing 2.20 feet of leather per collar so that means they under budgeted by 0.15 feet.
4. Direct material price variance =( $3.60 x 55) less ($3.20x55)=$22
The total amount that was budgeted or expected to be paid is subtracted from the total actual price that was paid.
Direct material quantity variance = (2.05x$3.20) less (2.20x$3.20)= -0.48
The total direct material quantity that is used is subtracted from the quantity that was expected to be used.
Answer:
= $406.6
Explanation:
To calculate return of portfolio we first calculate weight of each asset
this can be done by finding total investment and then dividing each asset by total investment.
Total investment = 8000 + 7000 + 5000 = $20,000
General Dynamics 8000/20000 = 0.4 = W1
Starbucks 7000/20000 = 0.35 = W2
Nike 5000/20000 = 0.25 = W3
Now for portfolio return we can use the formula
P(r) = W1 * (Return on W1 asset) + W2 * (Return on W2 asset) + W3 * (Return on W3 asset)
So,
P(r) = 0.4 * (0.0680) + 0.35 * (-0.0152) + 0.25 * (-0.0062)
This gives us
Total Return % = 0.02033 or 2.033%
Simply multiply this cumulative weight to total portfolio worth
Total Return in $ = 0.02033 * 20000 = $406.6
Hope that helps.
Answer:
$2,058.33
Explanation:
bond's face value = $29,000
bond's market value = $21,700
interest rate = 10%
n = 6 x 2 coupons = 12
discount on bonds payable = $29,000 - $21,700 = $7,300
discount amortized per coupon payment = $7,300 / 12 = $608.33
total interest expense = ($29,000 x 10% x 1/2) + $608.33 = $1,450 + $608.33 = $2,058.33
the journal entry to record the coupon payment in June 30,2019:
Dr Interest expense 2,058.33
Cr Cash 1,450
Cr Discount on bonds payable 608.33
Answer: It is called affective choice
Explanation:
Affective decision-making (ADM) is a debatable and predictive theory of individual choice under risk and uncertainty. It generalizes expected utility theory by positing the existence of two cognitive processes – the “rational” and the “emotional".
