Answer:
100%
Explanation:
401(k) plans are financial provisions that guarantee financial security after retirement. Prior to the Small Business Job Protection Act of 1996, these provisions were bogus and difficult to understand/comply with by businesses. The Act simplifies the requirements and allows employees to enroll in the 401(k) plans where the annual contributions testing is bypassed. Employees vest 100% of their salary. This means that they cannot forfeit all the money contributed. After retirement, they can benefit from their deferrals and profits.
Answer:
C) supply is perfectly inelastic.
Explanation:
In the case when the supply is perfectly non-elastic so the demand would measures the price entirely that means it calculated the overall price at the time when there is a perfectly non-elastic supply
So according to the given scenario the option c is correct
And, the rest of the options are incorrect
So the same is relevant
Answer:
monopolistic competition
Explanation:
Based on the scenario being described within the question it can be said that the gizmo market is best described as a monopolistic competition. This is a type of competition that is not perfect, mainly because many producers tend to sell their products that have very specific differences making them unsuitable substitutes of one another.
Answer: A business must cover its opportunity costs as well as its out-of-pocket expenses to be truly profitable.
Explanation:
A firm's implicit costs are its opportunity costs. Opportunity costs are the returns that a company would have made had it invested in the next best venture than the one they are currently in.
If a business is to be truly profitable, it is important that they earn enough to cover both their out of pocket costs as well as their opportunity costs that way it can be definitively said that the venture that they went into was better than the next best venture they could have gone into.
Answer:
$861
Explanation:
Fixed predetermined overhead rate = Total fixed overhead cost/Total labor hours
= $ 74,000/74,000 = $ 1 PLH
Variable predetermined overhead rate = $ 3.10 PLH
Applied overhead rate = Fixed predetermined overhead rate + Variable predetermined overhead rate = $ 1 + $ 3.10 = $ 4.1 PLH
Applied overhead cost for Job X387 = Applied overhead rate x No. of labor hours required for job X387 = $ 4.1 x 210 = $ 861
