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3 years ago

All countries have what type of economy

1 answer:

6 0

Traditional economies still produce products and services that are a direct result of their beliefs, customs, traditions, religions, etc. Vast portions of the world still function under a traditional economic system. These areas tend to be rural, second- or third-world, and closely tied to the land, usually through farming.

However, there is an increasingly small population of nomadic peoples, and while their economies are certainly traditional, they often interact with other economies in order to sell, trade, barter, etc.

Learn about the complexities of globalization and how it shapes economic relationships and affects cultures with this great class on the geography of globalization.

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In its simplest form, amdahl's law maintains that if a given program would take one hour to run to completion with one processor

AlladinOne [14]

20% is the maximum speed up possible for this program. For this problem, let's assign the time of 1 for the task when using a single processor. Now let's assume that we have an infinite number of processors available to handle the portion of the program that can be executed in parallel so that the execution time for that portion will be 0. That means that the total execution time with an infinite number of processors will be 1 * (0.80 + 0) = 1 * 0.80 = 0.80 So at best, the parallel program will take 80% of the time for the single threaded version. So the speed increase will be (1 - 0.80) / 1 = 0.20/1 = 0.20 = 20%

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3 years ago

A construction company entered into a fixed-price contract to build an office building for $28 million. Construction costs incur

Radda [10]

Answer:

$3.2 million

Explanation:

The revenue and gross profit or loss which the company identify in the first and second year if it recognizes revenue upon contract completion is calculated below.

Total costs = Incurred costs + estimated costs to complete = $8 million + $12 million = $20 million

Revenue to recognize = $8m/$20m*$28m = $11.2 million

Gross Profit = Revenue recognized less costs incurred

= $11.2m - $8m = $3.2 million

4 0

3 years ago

Even with international trade, countries rarely specialize because A. Some countries do not have a comparative advantage in any

Rina8888 [55]

Letter A marks the spot

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4 years ago

In 2016, a grandfather gave a life estate to his grandson and a remainder interest to his granddaughter. Each interest is valued

ycow [4]

The gift to the grandaughter is Partially shielded by the annual gift tax exclusion. In the year of 2016, the federal government created the estate and gift tax exemption is $5.45 million per individual.
Which means that the inheritence that given to the granddaughter would be tax free as long as it does not surpass the net value of 5.45 million.

7 0

3 years ago

The total factory overhead for Big Light Company is budgeted for the year at $403,750. Big Light manufactures two different prod

Nataliya [291]

Answer:

a. Total number of budgeted direct labor hours for the year = Direct labor hours for night lights + Direct labor hours for desk lamps

= 30,000*1/2 + 40,000*2

= 15,000 + 80,000

= 95,000 hours

b. Single plant-wide factory overhead rate using direct labor hours = Budgeted factory overhead / Budgeted factory hours

= $403,750 / 95,000 hours

= $4.25 per hour

c. Per unit factory overhead = Number of hours required to complete one unit * Factory overhead rate per hour

Night light

Per unit factory overhead = 0.5 * 4.25

Per unit factory overhead = $2.125 per unit

Desk lamp

Per unit factory overhead = 2 * 4.25

Per unit factory overhead = $8.50 per unit

5 0

3 years ago