The unemployed people in this economy are MASON AND ABBOT.
Unemployment is said to occur in an economy, when people who are in the working age bracket actively search for work for a long time without getting any. There are different types of unemployment. Unemployment rate is usually used to gauge how healthy an economy is. In the scenario given above, it can be seen that both Mason and Abbot are of working age and they are both actively searching for work without finding one. <span />
Answer:
The correct answer is 63,200 kg.
Explanation:
According to the scenario, the computation of the given data are as follows:
Raw material required for production = Production in units × req. raw material per unit
= 16,000 units × 4 kg
= 64,000 kg.
Beginning inventory = (64,000 kg) × 10%
= 6,400 kg
Ending inventory = ( 14,000 × 4 kg) × 10%
= 56,000 kg × 10%
= 5,600 kg
So, we can calculate the budgeted purchases of raw materials by using following formula:
Budgeted purchases of raw materials = Raw material required for production + Ending inventory - Beginning inventory
= 64,000 kg + 5,600 kg - 6,400 kg
= 63,200 kg
Answer:Expected value = - 94661.45
Explanation:
The Policy pay out is $95000 ,if a client is in life threatening accident insurance company will loose $95000, if the client is not in a life threatening accident the insurance company will gain $250
Probability (Client is in a threatening accident) = 0.999063
Probability (not in a life threatening accident)= 1 - 0.999063 = 0000937
Insurance Premium = $250
Insurance Payout = $95000
expected value = 0.999063 x (- (95000 - 250)) + 0.000937 x (250)
expected value = 0.999063 x (-94750) + 0.000937 x (250)
expected value = - 94661.21925 + 0.23425 = - 94661.44675
expected value = - 94661.45
Answer:
True
Explanation:
When deciding whether to accept special orders, it is important that opportunity costs is considered by managers.
It helps managers to make a good choice and not regret later.
When deciding whether to accept special orders, it is important to compare and calculate what extra revenues that will be made against the extra costs that will be incurred.
Opportunity costs is actually a hypothetical cost which is incurred due to going for an alternative over the other available.
Answer:
a. Sue told her employees the department needed 12% more sales this year than last and they would be contacting at least four new customers each week
