Currently, 20 countries are part of Latin America. They are: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Ecuador, El Salvador, Guatemala, Haiti, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Dominican Republic, Uruguay and Venezuela. Other than that, there are other territories that are not yet considered countries, but they are part of the list.
Answer:
deadwweight loss $2,250
Explanation:
The deadweight loss is the area loss between the new consumer and producer surplus after-taxes and the previous consumer and prodcuer surplus after taxes
As this is a straight line then we have the area of a triangle which height is
P2 - P1 in this case the $15 tax levied
and Q2 - Q1 as the high of the triangle in this case 300 units
We now sovle for the area of the triangle:
300 x 15 / 2 = 2,250
Answer: <u>
Net income = $201,000</u>
Explanation:
Net income = (Sales - COGS - depreciation - interest expense)(1 - tax)
where;
Sales = $1,400,000
COGS(Cost of goods sold) = $ 800,000
Depreciation = $175,000
Interest expense = $90,000
Tax = 40%
∴ Net income = (1,400,000 - 800,000 - 175,000 - 90,000) 
(1 - 0.4)
Net income = 335,000 0.6
<u>
Net income = $201,000</u>
Answer: $2.81 per machine hour
Explanation:
Wages and salaries $ 423,000
Activity cost pools 10%
Allocated amount = 10% of $423000
= 0.1 × 423000
= $42,300
Depreciation = $112,000
Activity cost pools 10%
Allocated amount = 10% of 112,000
= 0.1 × 112000
= $11200
Occupancy 154,000
Activity cost pools 20%
Allocated amount = 20% of 154000
= 0.2 × 154000
= $30800
Total allocated amount = $42300 + $11200 + $30800 = $84300
The cost hour is the machine hour which is 30,000
Rate per machine hour = total allocated amount/machine hour
= 84300/30000
= $2.81 per machine hour
Answer:
c) workers specialize in various production tasks.
Explanation:
The division of labor means that people, instead of performing a large number of tasks by themselves, only perform a few, or a single task, for which they specialize.
The division of labor is a characteristic of the modern economy, and without it, the levels of production and technology that we have today would not be possible.
