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The form of currency that is no longer backed by gold is called money. The currency is not backed by gold because in 1971 people have became able to utilize </span><span>banknotes</span><span> as the only form of money. So, the money had no currency with any gold or silver backing and that is the reason why it is not backed.
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Answer:
Projects D and E should be purchased.
Explanation:
since the firm's capital structure is 60% debt and 40% equity, it can pursue up to 2 projects. Only projects D, E and F have an internal rate of return higher than the company's WACC, so project G is discarded immediately.
Since projects D and E have a higher IRR, they should be selected.
- project D: $70,000, IRR = 18%, debt = $42,000, equity = $28,000
- project E: $85,000, IRR = 15%, debt = $51,000, equity = $34,000
- total equity invested = $62,000
Answer:the quantities of some factors of production are fixed; the quantities of all factors of production can be varied - D
Explanation:
In the short run, some factors of production are fixed, which is usually the capital. Therefore for a company to increase output, it would need employ more workers, but would not increase capital.
Therefore in the short run, we can get diminishing marginal returns, which may cause marginal costs to start increasing quickly.
Also, in the short run, prices and wages fall out of equilibrium because a sudden rise in demand may lead to higher prices, and companies may not have the the capacity to respond and increase supply.
Long run
In the long run, usually greater than 6 months, all main factors of production are variable. The company has time to build a bigger one making it respond to changes in demand which means that a sudden rise in demand, would have a complimentary increase in supply to meet the demands and prices can be adjusted.
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Answer:
The correct answer is C.
Explanation:
Giving the following information:
Each ceiling fan has 20 separate parts.
The direct materials cost is $ 85
Each ceiling fan requires 3 hours of machine time to manufacture.
Activity (Allocation Base) - Predetermined Overhead Allocation Rate
Materials handling (Number of parts) - $0.04
Machining (Machine hours) - $7.8
Assembling (Number of parts) - $0.35
Packaging (Number of finished units) - $3
Total unitary cost= direct material + allocated overhead
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Total unitary cost= 85 + (0.04*20 + 7.8*3 + 0.35*20 + 3*1)= $119.2
Answer:
the adult population is 243,312,000
Explanation:
The computation of the adult population is shown below:
The Total adult population is
= Employed + Unemployed + Not in the labor force
= 142,496,000 + 12,506,000 + 88,310,000
= 243,312,000
Hence, the adult population is 243,312,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
