Answer: Economic perspective is when an issue is considered been affected by the economy or the economy affecting the issue when making a decision. This decisions making are described as follows;
Scarcity; Available resources can only be used for only one purpose at a time, that means choice has to be made. Because I choice must be made, decision making has to be considered. Scarcity and choice goes together.
Opportunity cost; The cost of any activity,goods or services is the absolute value of what must be given up to obtain it. That means a decision for the value to be given up as cost, to get a goods, services or activity should be weighed.
Utility; this is the satisfaction derived from the consumption of a goods or services. Before a satisfaction can be achieved, a value must be given up to achieve such satisfaction, a decision of the value to be given up compared to the satisfaction should be weighed
Marginal analysis; any option considered in decision making weigh the marginal benefit against the marginal cost, where marginal means extra, additional, or a change in. Therefore the marginal cost of an action should not exceed it's marginal benefits. Whether the decision is personal or one made by business organization or government, the principle is always the same.
Purposeful behaviour; people always weigh costs and benefits in a way to maximize satisfaction with their decision. They should be a rational self-interest, which will lead to achieving maximum utility in decision making.
Answer:
$15.48
Explanation:
The computation of the predetermined overhead rate is shown below:
Predetermined overhead rate = (Manufacturing overhead) ÷ (Direct labor-hours)
where,
Manufacturing overhead equals to
= Actual manufacturing overhead + over applied manufacturing overhead
= $362,380 + $9,140
= $371,520
So, the rate is
= $371,520 ÷ 24,000 hours
= $15.48
Answer:
B) The sole criterion for Joanna's promotion was her effectiveness in meeting individual targets.
Explanation:
Joanna wants to guide her sbordinates in executing various projects but they are not proactively coming to her for advise. This indicates that before her promotion she was very good at doing work individually and most likely did not work collectively to achieve results.
Based on this background tlshe was promoted on the basis of her individual efforts and her staff are not comfortable coming to her for guidance, since this was not her style before promotion.
Her approachable nature in building a team would not have been a criteria, if not it would have resulted in greater request for guidance from subordinates.
Answer:
$1,679.
Explanation:
In the beginning they payed 4,600 dollars for their stocks. They made 6,200 dollars after one year. You will need to subtract the amount they payed from what they made. this comes out to be $1,600. Then subtract the brokers commission (32+41). Once you do this the amount is $1,527. Finally add the dividend (152) which gets you to 1,679 dollars.