1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
gayaneshka [121]
3 years ago
13

Role of microfinance institutions in national development

Business
1 answer:
IgorLugansk [536]3 years ago
7 0

Answer:

<em><u>Thus, micro-finance has become one of the most effective interventions for economic empowerment of the poor. Microfinance is an economic development approach that involves providing financial services, through institutions, to low-income clients, where the market fails to provide appropriate services (Kumudini, 2015).</u></em>

You might be interested in
Compute the amount of raw materials used during November if $31,500 of raw materials were purchased during the month and if the
mezya [45]

Answer:

Raw materials used during November was $34,800.

Explanation:

The formula for Raw Materials Used is given below:

Opening Raw Materials + Purchases - Closing Raw Materials = Raw Materials Used

Putting Values:

⇒ Raw Materials Used = 7,600 + 31,500 - 4,300 = $34,800.

Thanks!

7 0
3 years ago
Whose responsibility is it to provide and pay for Personal Protective Equipment (PPE)?
algol [13]
Whose responsibility is it to provide and pay for Personal Protective Equipment (PPE)? The company/organization is required by OSHA that they purchase PPE and protect their employees. Personal protective equipment is equipment that protects people while working on the job. These items can be, but not limited to, gloves, safety glasses, shoes, earplugs, vests and much more. PPE includes items that are worn to limit hazardous materials being exposed to workers. 
5 0
3 years ago
Knowledge Check 01 The difference between absorption costing net operating income and variable costing net operating income can
fgiga [73]

Answer:

Fixed overhead costs

Variable and fixed cost distinctions

less than absorption costing net operating income

Explanation:

Fixed overhead costs are costs that do not change with change in the volume of production activity. Rent of the production facility is an example of fixed overhead cost.

Variable costs are costs that change with change in the volume of production activity. Tax is an example of variable cost.

between absorption costing net operating income and variable costing net operating income can be explained by the way these two methods account for <u>Fixed overhead costs</u>. all overhead costs fixed overhead costs selling and administrative expenses variable overhead costs Knowledge Check 02 Absorption costing income statements ignore <u>Variable and fixed cost distinctions</u>. direct materials and direct labor costs direct and indirect cost distinctions product and period cost distinctions variable and fixed cost distinctions Knowledge Check 03 When the number of units produced is greater than the number of units sold, variable costing net operating income will be <u>less than absorption costing net operating income</u>. the same as absorption costing net operating income greater than absorption costing net operating income less than absorption costing net operating income

4 0
3 years ago
Assuming purchase costs are declining and a periodic inventory system is used, determine the statements below which correctly de
Gnesinka [82]

Answer:

A. In a situation where prices are declining, companies using LIFO will report the smallest cost of goods sold.

- This is because LIFO calculates goods sold as Last in, First Out. And since the cost is declining, the last in inventory will have the smallest cost of goods sold.

C. Weighted average cost of goods sold will be between FIFO and LIFO costs of goods sold.

- Whether the cost of goods are rising or falling, this will always be the case.

D. Companies using LIFO will pay higher taxes than companies using FIFO, assuming all else being equal.

- This is because when using LIFO in this scenario, higher profits would be recorded and the tax is paid on profit, thus higher taxes.

F. Companies using LIFO will report the highest ending inventory on their balance sheets (as compared to companies using FIFO or weighted average,)

- This is simply because in this scenario, the LIFO sold the cheaper goods first leaving an ending inventory of the relatively expensive goods unlike FIFO which would have sold the expensive first. Again, emphasis on this scenario of declining cost.

8 0
3 years ago
Sampson Industries has an annual plant capacity of 70,000 ​units; current production is 59,000 units per year. At the current pr
Artyom0805 [142]

Answer:

Sampson Industries

1. How would accepting the special order impact Sampson​'s operating​ income?

The acceptance of the special order will decrease Sampson's operating income by $42,000.

2. Should Sampson accept the special​ order?

No.  Sampson should not accept the special order.  It does not make any contribution in reducing the fixed costs.  Instead, it decreases the net income.  Special orders should be accepted when they add to the contribution in defraying the fixed costs, even if they do not add to the net income.

Explanation:

a) Data and Calculations:

Annual plant capacity = 70,000 units

Current production = 59,000

Variable cost per unit = $26.00

Fixed cost per unit = $4.80

Normal Selling price per unit = $41

Special order = 70,000

Price of special order = $20

Incremental Analysis of Special Sales Order Decision

Total Order (7,000 units)

Revenue from special order $140,000

Less expenses associated with the order:

Less: Variable manufacturing cost 182,000

Contribution margin $(42,000)

Less: Additional fixed expenses associated with the order –

Increase (decrease) in operating income from the special order ($42,000)

8 0
3 years ago
Other questions:
  • Discuss whether you agree with the following statement: “The problem with economics is that it assumes that consumers and firms
    7·1 answer
  • How did speculative investing weaken the stability of the stock market
    12·1 answer
  • Discuss business rules. How do you translate business rules into data-model and database? Provide few examples.
    11·1 answer
  • Which of the following statements is false?
    11·1 answer
  • Under its executive stock option plan, N Corporation granted options on January 1, 2021, that permit executives to purchase 12.0
    15·1 answer
  • Which of the following statements is true of organizational behavior knowledge? 1 point A. It is relevant to everyone who works
    15·1 answer
  • Over the years, O'Brien Corporation's stockholders have provided $20,000,000 of capital. The firm now has 1,000,000 shares of co
    14·1 answer
  • Teresa wants to take her firm internationally but is concerned with the ________, which refers to the possibility of higher cost
    9·1 answer
  • Pete and Shirley are filing a joint return. They have two dependent children. What is the total amount of their exemptions for t
    8·1 answer
  • _____ 7. While North Americans want to decide the main points at a business meeting and leave the details for later, people in t
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!