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sergeinik [125]
3 years ago
5

John Smith, a U.S. based businessman paid the equivalent of $20 to an official of the country of Murundi to expedite the overnig

ht delivery of critical documents. When questioned, John Smith claimed this was not a bribe. The $20 is an example of
Business
1 answer:
AleksandrR [38]3 years ago
3 0

Answer:

Grease payment

Explanation:

A grease payment is a payment made to a government official with the goal of expediting a transaction, process or request. It can be obtained through extortion from the government official, by voluntary contribution from the non-goverment official, or by mutual agreement, either explicit, or implicit.

In practice, it is essentially the same as a bribe, and the term could be considered a colloquial euphemism.

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Statistical software is considered a complement in the demand for economists. this means that if the demand for economists incre
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Increase because the software will become more in demand from the more economists. 
7 0
4 years ago
Nori files a suit against Mica to enforce an oral contract that would otherwise be unenforceable under the Statute of Frauds.The
vlada-n [284]

Answer: A. Nori foreseeably and justifiably relied on Mica's promise to her detriment.

Explanation:

From the question, we are informed that Nori files a suit against Mica to enforce an oral contract that would otherwise be unenforceable under the Statute of Frauds.

The court could enforce such a contract if Nori foreseeably and justifiably relied on Mica's promise to her detriment.

8 0
3 years ago
Bloom’s has the following estimates for the upcoming year:
atroni [7]

Bloom’s has the following estimates for the upcoming year:

Activity Cost Pool Estimated Overhead Cost Activity Rate

Machine-hours $63,450 $2.70 per machine-hour

Machine setups $45,900 $170 per setup

Product testing $119,000 $119 per test

Cost and activity information for two of Bloom’s products is as follows:

P34 W85

Direct materials $33,500 $29,750

Direct labor $18,500 $26,000

Machine-hours 1,470 1,170

Machine setups 22 77

Tests 47 47

Number of units

produced during the year 10,000 25,000

Required:

Compute the unit product cost for product P34.Bloom’s has the following estimates for the upcoming year:

Activity Cost Pool Estimated Overhead Cost Activity Rate

Machine-hours $63,450 $2.70 per machine-hour

Machine setups $45,900 $170 per setup

Product testing $119,000 $119 per test

Cost and activity information for two of Bloom’s products is as follows:

P34 W85

Direct materials $33,500 $29,750

Direct labor $18,500 $26,000

Machine-hours 1,470 1,170

Machine setups 22 77

Tests 47 47

Number of units

produced during the year 10,000 25,000

Required:

Compute the unit product cost for product P34.Bloom’s has the following estimates for the upcoming year:

Activity Cost Pool Estimated Overhead Cost Activity Rate

Machine-hours $63,450 $2.70 per machine-hour

Machine setups $45,900 $170 per setup

Product testing $119,000 $119 per test

Cost and activity information for two of Bloom’s products is as follows:

P34 W85

Direct materials $33,500 $29,750

Direct labor $18,500 $26,000

Machine-hours 1,470 1,170

Machine setups 22 77

Tests 47 47

Number of units

produced during the year 10,000 25,000

Required:

Compute the unit product cost for product P34.

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8 0
4 years ago
Accounts Receivable has a $2,300 balance, and the Allowance for Doubtful Accounts has a $200 credit balance. An $80 account rece
stealth61 [152]

Answer:

The net realizable value after the write-off equals is;

B). $2,100

Explanation:

Since and amount of $80 has been written off, this means that this amounts needs to be debited from the accounts receivable while at the same time debiting the accounts credit balance. To determine the net receivables, we can form the expression below;

N=(R-W)-(C-W)

where;

N=net realizable value

R=accounts receivable

W=written off accounts receivables

C=credit balance

In our case;

N=unknown

R=$2,300

W=$80

C=$200

replacing;

N=(2,300-80)-(200-80)

N=(2,220-120)=2,100

N=$2,100

The net realizable value after the write-off equals=$2,100

6 0
3 years ago
Identify the determinants of supply and demand; demonstrate the impact of shifts in both market supply and demand curves on equi
zvonat [6]

Answer:

Determinants of demand are price of product, price of other products, population, income, etc.

Determinants of supply are price of the product, number of producers, cost of resources, technology etc.

A rightward shift in the demand curve causes price and output level to increase. While a leftward shift contributes to a decline in the price and output level.

A rightward shift in the supply curve causes price to fall and output level to increase. A leftward shift on the other hand causes price to increase and output level to fall.

Explanation:

Other things being constant, the demand and supply both are determined by the price of the commodity. The demand for a product is inversely related to its price. While on the contrary, the supply of a product is directly related to price.  

Other than price, demand is affected by a change in income, population, price of other goods, consumers tastes and preferences. Supply is affected by the cost of production including the cost of fixed and variable inputs such as wages, price of raw materials, etc. Other determinants of supply are taxes and subsidies, technology, number of producers, etc.

A rightward shift in the demand curve causes price and output level to increase. While a leftward shift contributes to a decline in the price and output level.

A rightward shift in the supply curve causes the price to fall and output level to increase. A leftward shift, on the other hand, causes the price to increase and output level to fall.

4 0
3 years ago
Read 2 more answers
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