Answer:
The more electricity, communications, and transportation used in a nation's economy, it will give them a more developed country and a greater potential for increased industrialization.
Explanation:
Answer:
$1,702,650
Explanation:
The computation of the total manufacturing cost added to work in process is shown below:
Total manufacturing cost added to work in process
= Direct Materials + Direct Labor + Manufacturing Overhead applied
where,
Direct material $598,400
Direct labor is $520,000
And, the manufacturing overhead applied is
= Actual direct labor hours × predetermined overhead rate
= 41,000 hours × $14.25
= $584,250
So, the total manufacturing cost is
= $598,400 + $520,000 + $584,250
= $1,702,650
We simply applied the above formula
Answer: $26,000
Explanation: Retained earnings could be defined as that portion of a company's earnings that hasn't been distributed to shareholders as dividends. It is reserved as working capital, clear outstanding liabilities and general running of the business.
Retained Earning is calculated using the formula :
Retained Earning (RE) = beginning retained earning + Net income - dividend
Since the company just started (1st month), there was no previous retained earning.
Therefore,
RE = Net income - dividend
RE = $30,000 - $4,000 = $26,000
Answer:
a. Private Property Rights
b. Political Stability and Rule of Law
c. Open and Competitive Market
d. Private Property Rights
Explanation:
a. By defining private property Rights and giving people a chance to own resources, Individuals will strive to own more and more of such rights and so will produce as much as they can so as to afford such rights.
b. When a nation is Politically stable and respects the Rule of Law, investment payoffs are easier to predict than in a country where instability can threaten to degrade investments such that the payoffs will be lost. For example, think of all the Western firms that lost money when the Shah of Iran was overthrown by the Ayatollah.
c. Specialization is more likely to occur in nations with Open and Competitive Market. An Open Market means that goods can come in from the outside easily. This will have the effect of the country being able to import goods that cost a lot to produce locally and instead focus on producing those goods that they are well adept at producing. This is Specialization. Also as a result of competition, companies will strive to find better ways to make profit above competitors and come up with more efficient ways of Production as a result.
d. The Xiaogang Agreement refers to an agreement by farmers in Xiaogang to subdivide their lands in secret so that they would each own a small part of it. As a result, the farmers had an incentive to produce for themselves as they now owned resources that they could benefit from. This right to Private Property led to a huge boom in Agriculture.
Answer:
This is a violation of the intellectual property rights of the owners of the images and materials.
Explanation:
It is restricted to use trademarked images and copyrighted materials without the consent of the owner. If this law is violated then the person found guilty might have to pay a penalty for it and this type of situation is often referred to as copyright infringement. If a copyright material has been used to gain profit by the charged guilty person, then he even has to pay the court for the profit he made.