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3 years ago

What kind of transition does a peak mark in the business cycle?

Business

1 answer:

MissTica3 years ago

8 0

expansion to contraction

Explanation:

The peak in a business cycle is marked by super-heated business sentiments, growth in business and increased production and hence enhanced profits. However, the transition to peak cycle is marked by a continuous phase of declining production capacity, depreciating profits and contraction of the business process.

Peak, contraction, slowdown, recovery is the phases of the cyclical business process. Peak gives way for contraction which eventually leads to slowdown. After a brief period of lull, the business recovers and again it ascends its peak and the cycle continues.

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Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hour

Xelga [282]

Answer:

Results are below.

Explanation:

Giving the following information:

Direct materials: 5 pounds at $8.00 per pound $40.00

The planning budget for March was based on producing and selling 25,000 units.

a)

The material cost included in the planning budget is the standard cost multiplied for the budgeted production.

Direct material requiered= 25,000*5= 100,000 pounds

Standard cost per pound= $5

Direct material budget= 100,000*5= $500,000

The raw material's flexible budget adapts to the actual production level.

Direct material flexible budget= standard cost*actual material used in production

Direct material flexible budget= 5*160,000

Direct material flexible budget= $800,000

c)

To calculate the direct material price variance, we need to use the following formula:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (5 - 7.5)*160,000

Direct material price variance= $400,000 unfavorable

6 0

2 years ago

If workers in one part of the labor market unionize, then all else equal, we would expect the wages of unionized workers to ____

Vladimir [108]

If workers in one part of the labor market unionize, then all else equal, we would expect the wages of unionized workers to rise, and the wages of nonunionized workers to fall.

In developing countries, labor markets play a central role in determining economic and social progress. Employment status is one of the key factors in overcoming poverty. Ultimately, a decent, well-paid, and stable job is the most sustainable way to increase income and consumption.

Almost everything that happens in the economy affects the labor market. Changes in demand for goods and services, population size, and minimum wage rates can all have significant effects on the labor market. The economic change will probably have the greatest impact on the labor market as a whole.

Learn more about the labor market here: brainly.com/question/25715806

#SPJ4

7 0

2 years ago

What should you do when planning for college?

Vsevolod [243]

Answer:

a way to get a large amout of money (legally) to pay off the debt

more money for a place to live

and even more money to get food and other impoartant things to live

Explanation:

an alternative to stocks, but school never taught you what stocks are, so now get more money to buy a phone so u can have basic knowlede

and illegal alternative is to sell something adictive like drugs, cigs. or start a casino or scam pp, for money, or rob a bank

7 0

2 years ago

In most cases, whether the contract has not yet been performed (an executory contract) or has been fully performed (an executed

Jlenok [28]

Answer: disaffirm

Explanation:

most cases, whether the contract has not yet been performed (an executory contract) or has been fully performed (an executed contract), the minor may disaffirm the contract.

It should be noted that a contract that is signed by a minor unless in some rare exceptions is normally void and therefore, the minor can disaffirm the contract.

8 0

3 years ago

When the unemployment rate is at a steady state: Group of answer choices the number of people finding jobs exceeds the number of

liraira [26]

Answer:

The number of people finding jobs equals the number of people losing jobs.

Explanation:

Unemployment rate can be defined as the percentage of unemployed workers that are present in the the labor force. The Labor force of a country comprises of both employed and unemployed individuals that are present in the country. Unemployment rate can also be described as the percentage of the total workforce of a country that is yet to be gainfully employed.

High unemployment rate poses an adverse effect on the economy, it leads to an increase in crime rate this is due to the fact that unemployed individuals have no source of income to take care of their respective families and as such have to turn to the life of crime inorder to earn money.

7 0

3 years ago