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3 years ago

What is Overconfident in econimics?

Business

1 answer:

earnstyle [38]3 years ago

6 0

Answer:

< Bestiary of Behavioral Economics. Overconfidence is a common tendency to overestimate one's ability to predict and control future outcomes. It is recognized in psychology as well as economics and has been blamed for countless counterintuitive economic outcomes.

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ZZ Inc. uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has two departments: Assemb

Sphinxa [80]

Answer:

$2,745

Explanation:

Given that,

Direct labor hours used:

Assembly Department = 9

Sanding Department = 6

Machine hours used:

Assembly Department = 9

Sanding Department = 7

Cost for direct labor = $35 per direct labor hour

cost of the direct materials used = $1,500

Total cost of Job 600:

= Direct labor + Direct material + Assembly department overhead + Standard department overhead

= [(9 + 6) DLH × $35] + $1,500 + ($60 × 9) + ($30 × 6)

= $525 + $1,500 + $540 + $180

= $2,745

8 0

3 years ago

Consider a product market with a supply function Qs i = b0 + b1 Pi + u s i , a demand function Qd i = g0 + u d i , and a market

QveST [7]

Answer:

Explanation:

A. Solving for P yields P =0011dsiiuuγβββ−−+; thus 21(,)susCov P uσβ−=.Because Cov(P,u) ≠0, the OLS estimator is inconsistent.

B. We need an instrumental variable, something that is correlated with P but uncorrelated with us. In this case Q can serve as the instrument, because demand is completely inelastic (so that Q is not affected by shifts in supply). γ0can be estimated by OLS (equivalently as the sample mean of Qi

3 0

3 years ago

Monty Corp. bought equipment on January 1, 2022. The equipment cost $360000 and had an expected salvage value of $65000. The lif

Jet001 [13]

Answer:

$295000.

Explanation:

Depreciable cost is the asset costs minus salvage value.

For Monty Corp:

asset cost = $360000,

salvage value = $65000

Depreciable cost will be

=$360,000 - $65,000

=$295,000

5 0

3 years ago

Identify whether each of the following examples belongs in M1 or M2. If an example belongs in both, be sure to check both boxes.

marishachu [46]

Answer:

Carlos has $2,500 in a savings account. - M2
Deborah has $9,000 in a six-month certificate of deposit (CD). - M2
Van has a roll of quarters that he just withdrew from the bank to do laundry. - M1, M2

Explanation:

M1 and M2 are symbols that represent, in economics, the means of payment. M1 refers to a set of banknotes and coins that are held by the public and are deposited in a banking system, which holds them for a certain time, referring to a monetary base, for example: Carlos has $ 2,500 in a savings account, and, Van has a roll of quarters that he just withrew from the bank to do laundry.

M2 on the other hand, houses the concept shown in M1, but it also houses a concept related to the total deposits made in a bank, which are within a time limit. M2 includes the issuance of bank certificates and government bonds. Some examples are: Deborah has $ 9,000 in a six-month certificate of deposit (CD), and, Van has a roll of quarters that he just withrew from the bank to do laundry.

3 0

4 years ago

Bingerton industries began the year with inventory of$85,000. Purchases of inventory on account during the year totaled $310,000

Charra [1.4K]

The first entry of the journal records the inventory of of $310,000 as debited and accounts payable as credited.

<h3>What is inventory management?</h3>

The process of counting and recording fluctuations in the prices of assets such as raw materials, work-in-progress, and finished goods refers as Inventory management.

Following are the Journal entries-

1. Inventory accounts A/c $310,000

To Accounts Payable A/c$310,000

(Being the inventory is purchased)

2. Accounts Receivable A/c $520,000

To Sales Revenue A/c $520,000

( Being inventory is sold)

3. Cost of Goods Sold A/c $335,000

To Inventory A/c $335,000

(Being inventory is sold )

Learn more about Inventory, here:

brainly.com/question/26533444

#SPJ1

8 0

2 years ago