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3 years ago

What were the two main opposing views of Adam Smith and Karl Marx?

Business

1 answer:

daser333 [38]3 years ago

7 0

Answer:

Adam Smith, author of "The Wealth of Nations", was a staunch believer in the free market and private property. Karl Marx, on the other hand, believed that the free market was destroying the world and leading to the "exploitation" of the middle class and the poor.

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Green Cabinets is a custom cabinet builder. They recently completed a set of kitchen cabinets (Job Number 1478), as summarized b

Alinara [238K]

Answer:

a. $612

b. $2,480

Explanation:

a. Overhead is applied at a rate of $12 per direct labor hour.

Overhead applied would therefore be;

= 12 * total labor hours

= 12 * 51

= $612

b. Total Cost = Direct labor cost + Direct Material cost + Manufacturing overhead

= 978 + 890 + 612

= $2,480

5 0

3 years ago

Dividends Paid and Dividends in Arrears The Glendora Company has 200,000 shares of cumulative, five percent, $100 par value pref

Ierofanga [76]

Answer:

Dividend in arrears $ 1,000,000

Total Dividend $ 2,000,000

Explanation:

The dividend at 5% of $100 par value is $5 per unit of shares. Recall, each unit of the preference shares has a par value of $100

Dividend calculation = $5 multiplied by the total unit of shares

previous year shares dividend is 5 x 200, 000 unit of shares = $ 1,000,000

This year total dividend payout will be current year of $1,000,000 plus previous year of $1,000,000 = $2,000,000

7 0

3 years ago

Read 2 more answers

The following data are from the accounting records of Niles Castings for year 2: Units produced and sold 80,000 Total revenues a

Kruka [31]

Answer:

Gross Margin = $ 115,000 Contribution Margin= $ 144,500

Explanation:

Nile Castings

Income Statement

Year 2

Sales Revenue $ 270,000

Direct Materials $63,000

Direct Labor $ 33,000

Variable Manufacturing Overheads $ 18,000

Fixed Manufacturing Costs $ 41,000

Gross Margin $ 115,000

Less Marketing & Administrative Costs

Fixed Marketing Costs $ 38,000

Variable Marketing Costs $ 11,500

Net Profit $ 65,500

Nile Castings

Income Statement Under Absorption Method

Year 2

Sales Revenue $ 270,000

Direct Materials $63,000

Direct Labor $ 33,000

Variable Manufacturing Overheads $ 18,000

Variable Marketing & Administrative Costs $ 11,500

Contribution Margin $ 144,500

Less Fixed Costs

Fixed Manufacturing Costs $ 41,000

Fixed Marketing Coss $ 38,000

Net Profit $ 65,500

3 0

3 years ago

Mcdonald's, a fast food chain headquartered in the united states, applies the morality it practices in the united states to all

Helen [10]

Mcdonald's, a fast food chain headquartered in the united states, applies the morality it practices in the united states to all foreign countries in which it operates. mcdonald's is adhering to "Moral Universalism". Moral Universalism is the need for a moral standard that is accepted by all cultures.

3 0

3 years ago

Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent. What would be the futur

expeople1 [14]

Answer:

$14,693.28 (COMPOUNDED ANNUELY)

$14,859.47 (COMPOUNDED QUARTELY)

$14.000. (SIMPLE)

Explanation:

6 0

3 years ago