Answer:
The economy of the Gilded Age was characterized by:
(i) economic growth and high unemployment among unskilled workers.
(ii) a deep recession in which high unemployment fueled massive and rebellious social change.
(iii) slow economic growth and high unemployment among the middle class.
(iv) rapid economic growth and social change.
Economy:
Economy simply indicates an arrangement in which the people are indulged in consumption, and other economic activities. No arrangement can ever be said as an economy without the prevalence of economic activities.
Answer and Explanation: 1
The correct answer is (iii) slow economic growth and high unemployment among the middle class
In the US, glided age resembles the scenario prevailing in the last phase of 19th century. The primary feature of this age is the slower pace of economic growth. This indicates when the economy is least indulged in industries. Also, several people stay unemployed despite lying within middle-income classes. This is because if the people lying in the middle class are unemployed, then it could be understood that poverty would be extreme in an economy.
The difference between the actual total revenue and what the total revenue should have been, given the actual level of activity for the period is called activity variance.
Activity variance are the differences between the static/making plans price range and the flexible finances and are because of the distinction between deliberate and actual hobby ranges.
what is sales activity variance?
Activity variance is the difference between actual sales and budgeted sales. it's miles used to degree the performance of a income function, and/or analyze enterprise effects to better understand marketplace conditions.
What is activity variance in managerial accounting?
An activity variance is the difference. between a sales or price object within the bendy finances and the equal item within the static planning price range. An hobby variance is due completely to the difference inside the actual degree of hobby used inside the bendy price range and the extent of hobby assumed inside the making plans finances.
How do if a activity variance is favorable or unfavorable?
Whilst sales is better than the price range or the real prices are less than the price range, that is taken into consideration a favorable variance. negative variances confer with instances while costs are better than your price range expected they would be.
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Answer:
The depreciation expense for year 1 is $16,000
Explanation:
Depreciation: The depreciation was occurred due to tear and wear, obsolesce, time period, etc
Under the straight-line method, the depreciation should be charged with the same amount over the useful life.
The calculation is shown below:
=
=
= $16,000
The depreciation should be charged for $16,000 in year 1. Moreover, it is shown in the income statement in the debit side and in the cash flow statement also.
Answer:
b. small nonprofit clinic for homeless people funded by a charitable organization
Explanation:
Public goods include un congested free ways. Small non profit clinic for homeless may become congested and when it is funded by charitable institutions it may be linked to some authorities. Public goods are for everyone
Answer:
One student is waiting at the front desk.
Explanation:
By Using Little's law, we have:
L = R * T
Here
L is the average number of items in the system which is average students waiting in this case
R (Arrival Rate) = Total Students / Time taken = 10 Students / 30 minutes
R = 0.33 student per minute
T is the time taken for each student which is 3 minutes
By putting the above values, we have:
L = 0.33 * 3 = 1 student waiting