The changes would directly impact our Exports.
When the national income of our trading partner increased, the purchasing capabilities that they have would also be increased.
Which means that we could sell a lot more product to that partner (increasing the export)
Liability coverage is a part of the general insurance system of risk financing to protect the purchaser from the risks of liabilities imposed by lawsuits and similar claims.
Answer: 150%
Explanation:
Based on the question,
Direct materials = $400 + $200 = $600
Direct labor cost = $300 + $500 = $800
Overhead = Closing WIP - Direct material cost - Direct labor cost
= $2600 - $600 - $800
= $1200
The predetermined overhead rate based on the direct labor will be calculated as:
= Overhead / Direct labour cost
= $1200/$800
= 1.50
= 150%
Answer:
Option (B) is correct.
Explanation:
A recessionary gap is a situation in which the equilibrium level of real GDP is less than the full employment level. In this condition, the aggregate demand is lower and there is a shortage of aggregate demand. This shortage of aggregate demand will be corrected if there is an increase in the government spending or decrease in the taxes. This would increase the aggregate demand in the economy, and therefore, increase the real GDP and achieve the full employment level.
An inflationary gap occurs when the equilibrium level of real GDP is greater than the full employment level. There is a higher level of aggregate demand in the economy, so there is a need to lower down the government spending or to raise taxes in order to reduce the aggregate demand. This lower level of aggregate demand reduces the real GDP and achieve the full employment level.
Answer:
receive $8,000 each
Explanation:
In the question, A and B are solvent partners whereas C is an insolvent partner but the amount would be distributed to all partners in their profit-loss sharing ratio i.e 4:4:2 as C is not in the condition to contribute the amount but has the right to take his profit
So, A and B would be received
= $20,000 × 4 ÷ 10
= $8,000 each
And, the remaining amount would be given to C partner i.e
= $20,000 - $8,000 - $8,000
= $4,000