A good source of sample construction contracts is

What is a major disadvantige of a centrally planned economy

cupoosta [38]

Answer:

Lack of competition

Explanation:

A centrally planned economy lack competitiveness. The government decides what to produce, the price, and the distribution channel. Because of these restrictions, there is no motivation for profits. Without competition, a centrally planned economy will have the following features.

There be a lot of inefficiency and wastefulness.
Consumers will not have a variety of goods and services to choose from in the markets.
Businesses will make low profits.

6 0

4 years ago

you make a clay pot for $10 and sell it to a customer for $40. what is your economic surplus associated with the transaction?

Bess [88]

The transaction's surplus in terms of the economy $30

<h3>Which principle states that the next-best choice you must forego in order to have something is its true cost?</h3>

The idea of opportunity cost, which states that the opportunity lost as a result of a decision, determines the true cost of an economic decision, is closely tied to the principle of substitution.

<h3>What is a sunk cost, give an example, and explain why it doesn't matter when deciding what to do in the future?</h3>

Sunk costs are viewed as bygone in economic decision-making and are not taken into account when determining whether to continue an investment project. Spending $5 million to establish a plant that is expected to cost $10 million is an example of a sunk cost.

To Know more about sunk cost

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3 0

1 year ago

Production estimates for July are as follows:

LenKa [72]

Answer:

d. 234,000 lbs. of A; e. 39,000 lbs. of B

Explanation:

For computing the number of pounds first we have to find out the production units which is shown below:

Production units = Sales units + ending inventory units - beginning inventory units

= 76,000 units + 10,500 units - 8,500 units

= 78,000 units

Now number of material pounds required is

Direct material A B

One unit requires 3 lbs 1 ÷ 2 lbs

Multiply 78000 unit requires 234,000 39,000

We simply multiplied the production units with the required unit of each material i.e A and B so that the accurate number of pounds could arrive

6 0

3 years ago

Mansfield, Inc., has two production departments, Assembly and Packaging. The company uses a job-order costing system and compute

Kisachek [45]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

The predetermined overhead rate in the Assembly Department is based on machine hours (MHs) and it is based on direct labor-hours (DLHs) in the Packaging Department.

Assembly Packaging

Direct labor-hours 5,200 62,000

Machine-hours 68, 400 11,900

Total fixed manufacturing overhead cost $390,000 $419,000

Variable manufacturing overhead per DLH $ 3.75

Variable manufacturing overhead per MH $ 3.00

Assembly:

Overhead= fixed overhead + variable overhead

Overhead= 390,000 + 68,400*3= $595,200

Packaging:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= (419,000/62,000) + 3.75= $10.51

8 0

4 years ago

Exercise 7-6 (Algo) Cash discounts; the gross method [LO7-3] Harwell Company manufactures automobile tires. On July 15, 2021, th

babymother [125]

Answer and Explanation:

1. Journal Entries

July 15 Accounts Receivable $66,000

Sale Revenue $66,000

July 23 Cash $64,680

Sales discount 1320

Accounts Receivable 66,000

2. Journal Entries

July 15 Accounts Receivable $66,000

Sale Revenue $66,000

August 15 Cash $66,000

Accounts Receivable 66,000

5 0

4 years ago