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2 years ago

14

In an enterprise-class database system, business users interact directly with the DBMS, which directly accesses the database dat

a. True False

1 answer:

nikklg [1K]2 years ago

7 0

Answer:

False

Explanation:

In an enterprise-class database system, business users can not interact directly with the DBMS, which directly accesses the database data

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Economics is the study of how individuals and societies make choices under the condition of:.

Lubov Fominskaja [6]

Economics is the study of how individuals and societies make choices under the condition of scarcity.

<h3>What is economics?</h3>

The study of how individuals use resources and respond to incentives by using it in decision-making is known as Economics. It is a vast study that helps us comprehend past trends, analyze current headlines, and forecast future events.

It signifies that the price of the product or service exceeds the supply of that product or service. As a result, scarcity might limit the options available to customers, who make up the economy in the end.

Individuals, organizations, and governments all use economics to understand their behaviors and decisions. It gives people a way to comprehend how people interact in a market-driven society and to analyze how government policies affect them.

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7 0

1 year ago

Read 2 more answers

Fasetech, Inc. has collected the following data.? (There are no beginning? inventories.)

Dominik [7]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

Units produced= 510 units

Sales price= $150 per unit

Direct materials= $16 per unit

Direct labor= $10 per unit

Variable manufacturing overhead= $10 per unit

Fixed manufacturing overhead= $16,000 per year

Variable selling and administrative costs= $9 per unit

Fixed selling and administrative costs= $10,500 per year

Units sold= 500

Under the absorption costing method, the fixed overhead costs get allocated as a product cost.

Unitary fixed overhead= 16,000/510= $31.37

Total unitary cost= direct material + direct labor + total overhead

TUC= 16 + 10 + (10 + 31.37)= $67.37

Income statement:

Sales= 500*150= 75,000

COGS= 67.37*500= (33,685)

Gross profit= 41,315

Total variable selling and administrative costs= (9*500)= (4,500)

Fixed selling and administrative costs= (10,500)

Net operating profit= 26,315

5 0

2 years ago

Vaughn’s standard quantities for 1 unit of product include 5 pounds of materials and 1.0 labor hours. The standard rates are $4

Lilit [14]

Answer:

$31.00

Explanation:

Calculation to determine what The total standard cost of Vaughn's product is

Using this formula

Total standard cost of product=(Material Standard rate per pound × pounds of material) + (Labor standard rate per hour × labor hours) + (Standard overhead rate x labor hours)

Let plug in the formula

Total standard cost of product=[($4 × 5) + ($5 × 1.0)]+ ($6 × 1.0)

Total standard cost of product=($20+$5)+$6

Total standard cost of product= $25.00 +$6

Total standard cost of product= $31.00

Therefore The total standard cost of Vaughn's product is $31.00

6 0

2 years ago

At the end of January of the current year, the records of Donner Company showed the following for a particular item that sold at

Korvikt [17]

Average FIFO LIFO Specific

Identification

Sales $ 3,840 $3,840 $3,840 $ 3,840

Less: Cost of 2,256 2,040 2,560 2,060

Goods Sold

Gross Profit $ 1,584 $1,800 $1,280 $ 1,780

The income statement shows a company's expenses, income, gains, and losses, which can be put into a mathematical equation to arrive at the net profit or loss for that time period.

The balance sheet and income statement represent important information regarding the financial performance and health of a business. An income statement assesses the profit or loss of a business over a period of time, whereas a balance sheet shows the financial position of the business at a specific point in time.

The income statement presents revenue, expenses, and net income. The components of the income statement include revenue; cost of sales; sales, general, and administrative expenses; other operating expenses; non-operating income and expenses; gains and losses; non-recurring items; net income; and EPS.

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8 0

8 months ago

Suppose that the demand for steel in Japan is given by the equation Qd S = 1200 – 4PS + PA + PT, where QS is the quantity of ste

timurjin [86]

Answer: See explanation below for answer.

Explanation:

a) In equilibrium the quantity supplied will equal the quantity demanded in all three markets. Algebraically this implies:

Qd S = Qs S

Qd A = Qs A

Qd T = Qs T

Substituting in the given curves implies:

1200 - 4PS + PA + PT = 4PS

1200 - 4PA + PS + PT = 4PA

1200 - 4PT + PS + PA = 4PT

Solving the first equation for PT and substituting into the second equation implies:

1200 - 4PA + PS + (8PS - PA - 1200) = 4PA

9PS = 9PA

Cancel 9 on both sides, we have:

=> PS = PA

Substituting these results into the third equation implies:

1200 - 4(8PA - PA - 1200) + PA + PA = 4(8PA - PA - 1200)

=> 10800 = 54PA

=> PA = 200

At:

PA = 200

PS = 200

PT = 200

The equilibrium quantities are:

QA = 800

QS = 800

QT = 800

b) Substituting the new supply curve for steel into the equilibrium condition, we have:

1200 - 4PS + PA + PT = PS

1200 - 4PA + PS + PT = 4PA

1200 - 4PT + PS + PA = 4PT

Again solving for PT in the first equation and substituting into the second equation, we have:

1200 - 4PA + PS + (5PS - PA - 1200) = 4PA

=> 6PS = 9PA

=> PS = 1.5PA

Substituting these results into the third equation, we have:

1200 - 4(5(1.5PA) - PA - 1200) + 1.5PA + PA = 4(5(1.5PA) - PA - 1200)

=> 10800 = 49.5PA

=> PA = 218.18

At:

PA = 218.18

PS = 327.27

PT = 218.18

At these prices, the equilibrium quantities are:

QA = 872.72

QS = 327.27

QT = 872.72

The shift in the supply of steel raises the equilibrium price for all three goods, lowering the equilibrium quantity of steel and raising the equilibrium quantities of aluminum and titanium. This last effect comes as a result of the demand curves for aluminum and titanium increasing in response to the shift in the steel supply curve.

c) Returning to the original equilibrium, this shift in the demand for aluminum implies:

1200 - 4PS + PA + PT = 4PS

1500 - 4PA + PS + PT = 4PA

1200 - 4PT + PS + PA = 4PT

Solving the first equation for PT and substituting into the second equation, we have:

1500 - 4PA + PS + (8PS - PA - 1200) = 4PA

=> 9PS + 300 = 9PA

=> PS = PA - 33.33

Substituting these results into the third equation, we have:

1200 - 4(8(PA - 33.33) - PA - 1200) + (PA - 33.33) + PA = 4(8(PA - 33.33) - PA - 1200)

=> 12900 = 54PA

=> PA = 238.89

At:

PA = 238.89

PS = 205.56

PT = 205.56

At these prices, the equilibrium quantities are:

QA = 955.56

QS = 822.24

QT = 822.24

An increase in the demand for aluminum will raise the equilibrium prices and quantities in all three markets. The price and quantity in the steel and aluminum industries increase because as the price of aluminum rises, the demand for steel and titanium increases.

5 0

2 years ago