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Ksju [112]
3 years ago
5

You are an economic consultant and have been contacted by an official from a developing country. She tells you that her country’

s economy is currently growing at 2 percent per year. She asks you how long it will take for her country’s economy to double in size; you tell her it will take 35 years. She then asks you what the government can do to shorten the time necessary to double the size of the country’s economy. What should you tell her?
Business
1 answer:
ss7ja [257]3 years ago
5 0

Answer:

Encourage the development of growth-positive institutions.

Explanation:

Base on the scenario been described in the question, when she ask you She then asks you what the government can do to shorten the time necessary to double the size of the country’s economy, the best answer you can give to her is to encourage the development of growth-positive institutions. Because this is what will shorten shorten the time necessary to double the size of the country’s economy.

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Phillips Corporation's fiscal year ends on November 30. The following accounts are found in its job order cost accounting system
xz_007 [3.2K]

Answer:

Phillips Corporation

a = 9,050 beginning balance Raw Materials

b = 36,660 beginning balance WIP

c = 15,650 direct materials

d = 6,825 Overhead applied

e = 13,500 Ending balance WIP

f = 5,500 beginning balance Finished Goods

g = 54,625 Completed jobs

h = 4,300 ending balance Finished Goods

i = 9,100 wages assigned

j = d

k = 3,125 indirect labor

l = 1,145 Underapplied overhead

m = 55,825 cost of goods sold

Explanation:

a) Data and Analysis:

1. Jobs in process:

Job No. 154 and Job No. 155

Combined direct materials costs    $9,950

Combined direct labor costs            15,200

Overhead applied (75%)                    11,400

Total work in process, beginning $36,550

2. Jobs started in December:

             Job Nos. 156,           157, and       158

Direct materials                                     $4,400

Direct labor                                             5,200

Overhead applied (75%)                        3,900

Total work in process                        $13,500

Beginning work in process = $36,550

Ending work in process = $13,500

Beginning Finished Goods Inventory: Job 153 $5,500

Ending Finished Goods Inventory: Job 157 $4,300

Raw Materials Inventory

Dec. 1 Beginning balance  9,050 (a)  

Dec. 31 Requisitions                      18,950

Dec. 31 Purchases           18,025

Dec. 31 Ending balance                  8,125

Total                                27,075  27,075

a = $9,050 (27,075 - $18,025)

Work in Process Inventory

Dec. 1 Beginning balance $36,550  b.

Dec. 31 Jobs completed               54,625 (g)

Dec. 31 Direct materials     15,650  c.

Dec. 31 Direct labor              9,100

Dec. 31 Overhead                6,825  d.

Dec. 31 Ending balance                13,500 e.

Finished Goods Inventory

Dec. 1 Beginning balance        5,500 f

Dec. 31 Cost of goods sold            55,825 (m)

Dec. 31 Completed jobs    54,625 g.

g. Dec. 31 Ending balance                  4,300 h

Factory Labor

Dec. 31 Factory wages         12,225

Dec. 31 Wages assigned                    9,100

Dec. 31 Overhead                               3,125

Manufacturing Overhead

Dec. 31 Indirect materials 3,300

Dec. 31 Overhead applied                 6,825  d.

Dec. 31 Indirect labor        3,125  k.

Dec. 31 Other overhead   1,545

Dec. 31 Underapplied overhead        1,145

7 0
2 years ago
Zortek Corp. budgets production of 380 units in January and 270 units in February. Each finished unit requires four pounds of ra
SOVA2 [1]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Zortek Corp. budgets production of 380 units in January and 270 units in February. Each finished unit requires four pounds of raw material Z, which costs $3 per pound. Each month’s ending inventory of raw materials should be 50% of the following month’s budgeted production. The January 1 raw materials inventory has 190 pounds of Z.

Prouction January= 380 units*4 pounds= 1520 punds

Production Febreaury= (270*4pounds)/2= 540 pounds

Initial inventory= 190 pounds (-)

Purchase= 1870 pounds

3 0
3 years ago
A manufacturer of fishing equipment conducted a test of its products by giving them to eight fishermen who used them with the fo
vampirchik [111]

The conclusion that the manufacturer can draw about the power of this equipment to catch fish is that the fishing equipment have different degree of catching fish.

<h3>What is conclusion?</h3>

Note  that there are a lot of fishing equipment that was given by the manufacturer such as Trusty rod with a Husky reel, Trusty rod, monofilament line, and  others.

Note that they will not all function at the same level as  they all have the extent to which they can catch fishes. Some may be faster than the others why some may attract fishes quickly.

Conclusively, The conclusion is that the fishing equipment have different degree or extent to catching fish.

Learn more about conclusion from

brainly.com/question/24542637

#SPJ1

7 0
2 years ago
Raymond owns an orchard. He has found that his distribution network is strongest in Mexico, and that is where he makes the most
Keith_Richards [23]
C. arrange for retailers to pick up the fruits
5 0
3 years ago
the value of a machine depreciates at the rate of 20% p. a. compound depreciation find the total compound depreciation after 3 y
Stella [2.4K]

Answer:

R 85400

Explanation:

The amount of depreciation will be the current amount minus the amount after three years.

amount after threes is calculated as follow

A= P x( 1+ r) ^n

Wheres A: amount after 3 years

P : principal amount =r 175,000; r = -20%, n is number of period

A = 175,000 x ( 1- 0.2)^3

A =175,000 x(0.8)^3

A = 175,000 x 0.512

A=89,600

Depreciation =175,000 - 89,600

=R 85400

7 0
3 years ago
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