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4 years ago

Which of the following statements is CORRECT?

Business

1 answer:

Colt1911 [192]4 years ago

3 0

Answer:

e. One advantage of forming a corporation is that equity investors are usually exposed to less liability than they would be in a partnership.

Explanation:

The investor of a corporation have limited liability. This measn their responsability is capped at their contribution. On parthership, this does not ocurs.

(c)(d) Corporation face more regulation and are harder to create than a parthership.

(b) parthenrship has unlimited liability.

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All of the following are true of the Human Development Index except:

irakobra [83]

Answer:

C. Ecology and the environment are strongly considered in the HDI calculations.

Explanation:

Human Development Index can be defined as a statistical tool used for summarily measuring human achievements, life expetancy, etc

All of the following are true of the Human Development Index (HDI);

I. The United States loses points on the HDI because it's education level and literacy rate are lower than countries like Norway and Canada.

II. Most countries that score very high on the scale are located in North America and Europe.

III. The HDI measures factors such as life expectancy, literacy, education level, and standard of living.

IV. Many low HDI countries are located in sub-Saharan Africa.

5 0

3 years ago

The following data were provided by Rider, Inc, which produces a single product:

Elis [28]

Answer:

The correct option is B, higher than the net operating income under variable costing

Explanation:

In calculating the net operating profit under variable costing, the fixed manufacturing cost of $15,000 is deducted as a whole in arriving at net profit.

However, under absorption costing method, only the goods sold are charged with their own portion of fixed manufacturing cost totaling $15,000

Fixed under variable costing method=$15,000

fixed cost under absorption costing method=$15,000/5,000*4500=$13500

Since fixed cost is lower under absorption costing method, net profit tends to be higher.

7 0

3 years ago

Hugh, Frank, and Luis are the only three buyers of gold in a small mining town. Their inverse demand functions for gold are as f

saveliy_v [14]

Answer:

Explanation:

Hugh p= 480 - 48Qh

Frank p= 80 - 8Qf

Louis p= 20 - 2Ql

1. price of an ounce of gold = $20

Hugh will demand: 20 = 480 - 48Qh; Qh = 460/48 = 9.58 ounce

Frank will demand: 20 = 80 - 8Qf; Qf = 60/8 =7.5 ounce

Louis will demand: 20 = 20 - 2Ql; Ql = 0 ounce

Total demand = 9.58+7.5+0=17.08 ounce

2. quantity demanded of gold in this market is 16.50

Hugh Demand function: p=480-48Q , Q=10-p/48

Frank Demand function: p=80-8Q , Q= 10-P/8

Lius Demand function: p=20-2Q , Q= 10-p/2

Hugh will demand 0 quantity at , p=480-48*0 = $480

Frank will demand 0 quantity at , P=80-8*0 = $80

Lius will demand 0 quantity at , p=20-2*0 = $20

So when Price is between 80 to 480 only Hugh will participate in market. The demand function will be Q= 10-P/48

When Price is between 20 to 80 only Hugh and Frank will participate in market. The demand function will be Q=10-p/48 + 10-P/8 = 20-7p/48

When Price is between 0 to 20 all three will participate in market. Hence demand function will be Q=20 - 7p/48 + 10 - p/2 = 30 - 31p/48

When Demand is 16.5 ounce and if Price is between 80 to 480, then 16.5=10-P/48

P/48=-6.5

This is not possible

When Demand is 16.5 ounce and if Price is between 20 to 80, then

16.5=20-7p/48

7p/48 = 20-16.5

p = 48*3.5/7 = $24

Market price of an ounce of gold must be $24

6 0

4 years ago

LO 6.1Active Frame, Inc., manufactures clear and tinted sport glasses. The manufacturing of clear glasses takes 45,000 direct la

arlik [135]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

The manufacturing of clear glasses takes 45,000 direct labor hours. The traditional method applies $560,000 of overhead based on direct labor hours.

We need to calculate the manufacturing overhead rate:

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

Estimated manufacturing overhead rate= 560,000/(45,000 + 115,000)= $3.5 per direct labor hour

Now, we can allocate the overhead to clear glasses:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 3.5*45,000= $157,500

7 0

3 years ago

The cyclically-adjusted deficit as a percentage of GDP is 2 percent in Year 1. This deficit becomes 1 percent of GDP in Year 2.

Shkiper50 [21]

Answer:

The correct answer is (B)

Explanation:

Contractionary fiscal policy is applied by governments to reduce fiscal deficit. It is a type of financial approach that includes diminishing government expenditures and increasing taxes. The main idea is to increase revenue and decrease expenditures. Contractionary fiscal policy has led to a decrease cyclically-adjusted deficit as a percentage of GDP from 2% to 1%.

6 0

4 years ago