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Elza [17]
3 years ago
15

Pluralistic ignorance efffect. How to apply in business administration? Give example

Business
1 answer:
MrRa [10]3 years ago
3 0
Pluralistic ignorance effect is a practice in which no ones believes but everyone thinks they believes.  This is very particular to a business administration environment. I'll give you an example, 
You are the kind of person that wants cleanliness and you notice that your friend is so messy, supposed to be you will tell her about her messiness but you noticed that no one cares about her, thus you stopped yourself from speaking,
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Suppose terri has a​ 25% chance of becoming disabled in any given year. if she does become​ disabled, she will earn​ $0. if terr
mash [69]
<span>Expected utility is calculated by multiplying the utility of each possible outcome by its probability and summing the products. So if Terri has a 25% chance of becoming disabled and purchases a policy then her expected utility is: (.25 x $20,000) + (.75 x $80,000) = $5,000 + $60,000 = $65,000. On the other hand, if Terri does not purchase a policy then her expected utility is (.25 x $0) + (.75 x $80,000) = $0 + $60,000 = $60,000.</span>
5 0
3 years ago
Which of the following is true when an economy produces at full employment, but consumers, government, businesses, and the forei
Art [367]

Answer:

When an economy produces at full employment, but consumers, government, there is a recessionary gap - Option B.

Explanation:

According to the Keynesian perspective, firms produce output only if they expect it to sell.

While the availability of the factors of production determines a nation’s potential gross domestic product (GDP), the amount of goods and services actually being sold, known as real GDP depends on how much demand exists across the economy.

Keynes termed a fall in the aggregate demand as a recessionary gap.

A recessionary gap refers to an economy operating at a level below its full-employment equilibrium. Under this condition, the level of real gross domestic product (GDP) is lower than the level of full employment, which puts downward pressure on prices in the long run.

Thus, when an economy produces at full employment, but consumers, government, there is a recessionary gap - Option B.

6 0
3 years ago
Alvez reports net income of $355,000 for the year ended december 31. it also reports $119,700 depreciation expense and a $13,000
mash [69]
The correct answer is $284,200
4 0
3 years ago
Read 2 more answers
Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricat
ivann1987 [24]

Answer:

Cost per equivalent unit Materials =  $ 2.82

Cost per equivalent unit Conversion =  $2.65

Explanation:

Richards Corporation

1) We first calculate the fifo equivalent units .

FIFO Equivalent units can be calculated by the following.

Particulars          Units        % of Completion             Equivalent Units

                                              Mat. Con. Costs       Materials C. Costs

Transferred out, 366,000        100       100             366,000   366,000

Ending inventory, 39,000         30         15              11700         5850

Total Weighted Equivalent Units                           377,700     371,850

Less

<u> Beginning Inventory: 98,000, 80%  20%             78,400        18000</u>

<u>FIFO Equivalent Units                                          299,300       353,850 </u>  

2) We calculate the total costs

                                                   Direct Materials  Conversion

Costs in beginning Work in Process -$55,200       $97,700

<u>Costs incurred in October -                 $844,050      $937,300. </u>

Total Cost                                           $ 899250         1035,000  

<u />

<u>3) In FIFO The cost per unit is  based only on the current costs and current period unit productions.</u>

Materials = $844050/299300= $2.82

Conversion = 937,300  / 353,850   = 2.6488= $2.65

8 0
3 years ago
In December 2016, Learer Company’s manager estimated next year’s total direct labor cost assuming 40 persons working an average
nignag [31]

Answer:

1a. Predetermined Overhead Rate= 60%

Explanation:

Predetermined Overhead Rate=

Estinated overhead cost/Direct labor cost= $1,440,000/(40*$20*3000)

=60%

1b. Total Overhead Cost applied to each job

Job No Direct Labor Applied FOH60%

201 606,000 363,600

202 565,000 339,000

203 300,000 180,000

204 718,000 430,800

205 316,000 189,600

206 19,000 11,400

Total $2,524,000 $1,513,600

Overhead cost applied=

Direct Labor (1.b) * Predetermine overhead rate (1.a)

example:

(Job No. 201) 606,000 * 0.6 = 363,600

1c. Over applied or under applied at year end 2017

Actual Over head cost $1,542,000

Less:Overhead Appied - $1,513,600

Under applied over head $28,400

2. Adjusting Entry

Date Account Title Debit Credit

Dec Cost of goods $28,400 -

-31 sold

Factory - $28,400

Overhead

5 0
3 years ago
Read 2 more answers
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