Answer:
a) 29%
Explanation:
The formula to compute the unemployment rate is shown below:
Unemployment rate = (Number of Unemployed workers) ÷ (Total labor force) × 100
where,
Number of unemployed = 40 million
Total labor force = Number of unemployed + number of employed
= 40 million + 100 million
So, the unemployment rate would be
= (40 million) ÷ (140 million) × 100
= 29%
Answer:
c. It should process further because the reduction in the cost of the trees is irrelevant.
Explanation:
For the purpose of this Decision,
Benefit of processing further = Sales Value after processing – Sale Value before processing – Further Processing costs
Cost of acquiring trees is a sunk cost already incurred and hence is not relevant
Hence, benefit of processing = (0.80-0.20)*350 – 50
= $160
Hence, the answer is
c. It should process further because the reduction in the cost of the trees is irrelevant.
Answer:
c. a period cost
Explanation:
Option C, period cos is the correct answer because the period cost is not related to the production and manufacturing of the commodity. Rather it is the cost incurred outside the factory such as marketing expenses, travelling expenses, etc. Therefore, the option "period cost" is the correct answer.
Answer:
Calculating volumes by water displacement is always more accurate than using mathematical formulas when the objects have irregular shapes or it is difficult to measure them exactly. The only thing that you must keep in mind is measuring the water displacements properly. One ml of water equals 1 cm³, so if the water level increased by 5 ml, then the object's volume is 5 cm³.
Answer:
The correct answer is letter "C": Work in Process Inventory.
Explanation:
Work in Process Inventory is an asset in the company's Balance Sheet. It represents the accumulated cost of unfinished goods that are currently in the manufacturing process. Companies that manufacture large or customer-made items typically use a work in progress inventory system to record labor, raw material, and overhead.
