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3 years ago

Efficiency

1 answer:

4 0

Answer: Efficiency refers to how much a society can produce with its resources. Equality refers to how evenly the benefits from using resources are distributed among members of society.

Explanation: Efficiency can be explained as how best a society can harness and maximize the use of its resources in developing itself in areas of infrastructure, improved standard of living of members of the society, provision of basic amenities to its members of society.

Equality ensures there is a large spread to the members of the society benefiting from the resources gotten in the society. Equality ensures everyone takes part of the benefits of the resources present.

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Part P40 is a part used in the production of air conditioners at Jackson Corporation. The following costs and data relate Number

Vinil7 [7]

Answer:

A) $28620 greater than if the company bought the part

Explanation:

The cost to produce the parts for Jackson Corporation amounts to $117000 for 26000 produced. The variable cost per unit is only 70000/26000 = $2.69 / unit.

On the other hand, purchasing from the outside supplier would cost $4.62 per unit along with $21500 in fixed costs. (43000 / 2 =21500)

Thus, it will cost $141620 (21500 + 4.62*26000) to purchase 26000 units from outside.

The benfit of producing these units by Jackson corporation is 141620 - 113000 = $28620.

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3 years ago

n January 1, 2022, Smeder Company, an 80% owned subsidiary of Collins, Inc. transferred equipment with a 10-year life (six of wh

Akimi4 [234]

Answer:

2022

Dr. Equipment _________ $22,000

Cr.Reserve Account _____$19,800

Cr. Depreciation expenses $2,200

2022

Dr. Depreciation Expense ___ $14,000

Cr. Accumulated Depreciation $14,000

2023

Dr. Depreciation Expense ___ $14,000

Cr. Accumulated Depreciation $14,000

Explanation:

2022

Calculate the net book value

Net book value = Historical cost - Accumulated depreciatin = $140,000 - $58,000 = $82,000

Unrealised profit on the sale of the asset = Cash receipt - Nreet book value = $104,000 - $82,000 = $22,000

Annual Depricaiton = Historical cost / remaining life = $140,000 / 10 = $14,000

Excess depreciation charged = Unrealised profit / Remaining life = $22,000 / 10 = $2,200

8 0

3 years ago

1) A global company can be headquartered anywhere, but usually most of its employees come

Svetradugi [14.3K]

Answer:

False

Explanation:

A global company is a country that extends beyond the boundaries of the country of origin to carry out business activities but still maintain a consistent practice with the origin company

However , despite the its presence in other countries , the headquarters remains in the country of origin.

Moreover , it does not need to depend on the employees from the home country but rather from the host country.

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3 years ago

Knowledge Check 01 On February 13, a jewelry store sells an engagement ring with a sales price of $10,000 to a nervous young man

WARRIOR [948]

Answer:

Date Account Title Debit Credit

Feb 13 Cash $10,975

Sales $10,000

Sales Tax Payable $975

(10000 * 9.75%)

5 0

3 years ago

Which act requires that financial institutions must provide a privacy notice to each consumer that explains what data about the

Yakvenalex [24]

Answer:

Gramm–Leach–Bliley Act

Explanation:

The Gramm–Leach–Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999, (enacted November 12, 1999) is an act of the 106th United States Congress (1999–2001). It repealed part of the Glass–Steagall Act of 1933, removing barriers in the market among banking companies, securities companies and insurance companies that prohibited any one institution from acting as any combination of an investment bank, a commercial bank, and an insurance company. With the bipartisan passage of the Gramm–Leach–Bliley Act, commercial banks, investment banks, securities firms, and insurance companies were allowed to consolidate. Furthermore, it failed to give to the SEC or any other financial regulatory agency the authority to regulate large investment bank holding companies. The legislation was signed into law by President Bill Clinton.

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3 years ago