The answer to this question is a modified endowment contract. A modified endowment contract or MEC is a type of life insurance policy where in the policy/ insurance is being funded with more money or the insurance premium payment exceeds the amount allowed under the federal law. The modified endowment contracts are taxable.
Answer / Explanation:
First, we need to understand what variance analysis is. Variance analysis is the qualitative and quantitative measure of the difference between actual financial value and the budgeted financial value.
This helps us to properly monitor our rate of spending against our profit or loss margin. it also assist in proper fund management.
Now talking about how the company will utilize variance analysis, the company will utilize variance analysis in the aspect of fixed over head spending. In the sense that it will be used to measure manpower productivity against overhead spending. This will help us to proper affirm if the rate of manpower productivity equal fixed overhead spending. In the case where fixed overhead spending is more than man hour productivity ratio, then the company will be running at a loss. This is basically a way of measuring productivity performance of man power and also assets.
Answer:
The labor cost per unit is lowest for China and is $0.40 per unit
Explanation:
Country Labor Wage per Day Wages per Production Labor cost
count per labor Day units per day per Unit
L w W=L×w P l=W÷P
Myanmar 7 $2.50 17.50 38 $0.46
China 9 $2.00 18.00 45 $0.40
Billings/ 4 $57.00 228.00 102 $2.24
Montana
The labor cost per unit is lowest for China and is $0.40 per unit
Answer:
Select which of the ways that entrepreneurs improve the economy is being described: As a family's basic needs are met, jobs are given to the people who help provide these needs.
new business
Explanation:
Entrepreneur improves the economy by starting a new business, they are employer of labor and improves the economy
