Answer:
1. The standard quantity 2318kg
2. The standard materials cost allowed $ 16226
3.Materials Spending Variance= 327 Unfavorable
4. The materials price variance 327 Unfavorable
5. The materials quantity variance 1330 Unfavorable
Explanation:
1. The standard quantity of kilograms of plastic (SQ) that is allowed to make 3,800 helmets= 3800* 0.61= 2318kg
2. The standard materials cost allowed (SQ × SP) to make 3,800 helmets= 3800*0.61*7= $ 16226
3. The materials spending variance= Purchase Price Variance= Actual Price *Actual Quantity - Standard Price * Actual Quantity
Materials Spending Variance= $16,553- $ 16226
Materials Spending Variance= 327 Unfavorable
4. The materials price variance = (Actual Price * Actual Quantity)- (Standard Price * Actual Quantity)
= $16,553- $ 16226= 327 Unfavorable
5. The materials quantity variance= (Standard Price * Actual Quantity)-(Standard Price * Standard Quantity)
=( 7* 2,508)- (7*2318kg)= 17556-16226= 1330 Unfavorable
Answer:
a. Lockheed Martin is a government contractor
b. Amtrak is a government corporation
Explanation:
a. Lock heed Martin as a Government Contractor
A government contractor is a company that does contracts predominantly supplied by the government. The contracts are financed by the government mostly from tax collection. These contracts vary in type whether it is defense or any other type of contract for that matter.
In the case of Lockheed Martin, this is a defense contractor that has been listed as one of the biggest government contractors over the years. It also has worldwide interest in aerospace and advanced technologies. This company was formed as a result of a merger between Lockheed Corporation and Martin Marietta on the March of 1995.
b. Amtrak as a government corporation
From these information it can be concluded that a government contractor is in most cases is a private company that bids for tenders from the government. The bidding process is usually open to all qualified companies. After thorough assessment of these bids, the government awards the contract to the most qualified company. In the case of Lockheed Martin, the government usually requires a specialized skills in aerospace, and defense.
A government corporation on the other hand is a huge company that is there majorly for the interest of the public. It is usually partly owned by the government therefor receives a combination of state and federal subsidies. It is also usually for non-profit purposes since it is formed for the benefit of the public. The National Railroad Passenger Corporation which does it's business with the name Amtrak is a railway corporation formed in 1971 and is partly owned by the government. It provides railway services of transporting people and goods connecting many states. It therefor serves as a government corporation.
The given investments are best known as Foreign direct investments
.
<u>Explanation:
</u>
Foreign direct investment (FDI) is an offer made by an individual Situated in some other nation in the context of holding ownership of an enterprise in one country. Therefore, the principle of direct control separates itself from an investment in a foreign fund.
For open markets instead of regulated equity markets, FDIs are widely used.
Types of Foreign direct investment are horizontal, vertical and multinational. In another region, Horizontal defines the same company category, while vertical is related but separate, and conglomerates are different firms.
FDI to the US is continuously tracked by the Bureau of economic analysis.
The example of an FDI is Apple's venture in China.
Answer:
Nominal GDP growth = 7.25%
Explanation:
Given:
Inflation rate = 3%
Population growth = 1%
Note:
Growth rate in real GDP (Not given) = 3.25%
Find:
Nominal GDP growth
Computation:
Nominal GDP growth = Inflation rate + Population growth + Growth rate in real GDP
Nominal GDP growth = 3% + 1% + 3.25%
Nominal GDP growth = 7.25%
<em><u>It Depends On the House You Live in.If You Live In A mansion,Most Of them Cost About 75,0000$. If You live in A semi-Mansion,It Will cost You about 40,000$.If You Live In a Large House,It will cost you about 10,000.</u></em>
<em><u>Wish You good time studying!</u></em>
<em><u>(if its not clear,Report me,Thats you job) </u></em>
