All categories

3 years ago

A example of closed economy

Business

1 answer:

irina1246 [14]3 years ago

6 0

Brazil is an example of a closed economy as it has the least amount of imports in the world

You might be interested in

Jan Holliday Dance Studios is a chain of 45 wholly owned dance studios that offer private lessons in ballroom dancing. The studi

Naya [18.7K]

Answer:

If the Studio is the cost object, then all the costs that can be attributed to the studio itself will be direct and that includes all the costs except the Planning and development materials sent from the home office, because that comes from the home office not the studio in question.

As per the question, all the costs are also variable because there are different payment plans and the offers by the studio as well as materials needed are dependent on the number of students they have. Advertisements are a set price however and do not depend on the number of students and so are fixed .

If the Lessons were the cost objects, everything that cannot be linked directly to the lessons is an indirect cost. This includes all the costs excerpt the dancing instructors' salary as this is linked directly to the number of lessons they offer.

All costs will also be fixed because they are independent of the lessons offered and so are set amounts. The dancing instructors' salary is also fixed as the rates do not change in relation to lesson prices.

5 0

3 years ago

Suppose there are three factories in Macroland and the following occurred in 2019: Metal, plastic and a car factory. Metal facto

BARSIC [14]

Answer:

$1120

Explanation:

The computation of the GDP is shown below:

Y = C + I + G + X

Here Y denotes the GDP

C denotes the consumption = $500 - $80 - $20 = $400 and 700 - 50 = $650

I denotes the investment = $

G denotes the government purchase = $20

X denotes the net exports = $50

So,

Y = $400 + $650 + 0 + $20 + $50

= $1120

8 0

3 years ago

The Alston Inn is managed by Inns, Inc. The management contract requires 6 percent of total revenue to be transferred to the rep

Scrat [10]

Answer:

1.) Inn's annual total revenue = $7,300,000

2.) Inn's annual net operating income = $1,095,000

3.) Inn's debt service coverage ratio for the year = 9.13

Explanation:

The room revenue is first calculated as follows:

Room revenue = Number of guestrooms * ADR * Percentage of occupancy * 365 days = 200 * $100 * 70% * 365 = $5,110,000

We can now proceed as follows:

1.) Determine the Inn's annual total revenue.

Annual total revenue = Room revenue / Paid occupancy percentage = $5,110,000 / 70% = $7,300,000

2.) Determine the Inn's annual net operating income

Annual net operating income = Total revenue * 15% = $7,300,000 * 15% = $1,095,000

3.) Determine the Inn's debt service coverage ratio for the year.

Debt service coverage ratio = Net operating income / Annual debt service = $1,095,000 / ($10,000 * 12) = 9.13

5 0

3 years ago

Security in the form of assets you pledge to a lender.

Anuta_ua [19.1K]

C is the answer. Hope this helps.

6 0

3 years ago

Read 2 more answers

Icy Mocha Company estimates its factory overhead costs to be $35,000 and machine hours to be 5,000 for the year. If the actual h

emmainna [20.7K]

Answer:

d) overapplied $160

Explanation:

$\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate$

$35,000 expected overhead / 5,000 machine= 7 dollar per machine hour are spend on overhead

applied overhead:

4,980 x 7 = 34,860

actual overehad: 34,700

As the amount of cost enter by the accounting are above the real cost, we are going to increase the manufacturing overhead cost and making the net income lower for this particular reason.

7 0

3 years ago