The u. s. has a fairly degree high of income inequality along with low mobility.
Micro lending is a very popular concept that involves giving small amount of money to the poor families who otherwise are not able to get loan from formal financial channels. Lending small amount of money helps the family to supports it's business and pull themselves out of poverty. Though there has been no study to support the evidence, it is believed to help people raise the living standard and bring huge difference.
Huge overhead costs involved due to small size of loan offered. Repayment of loan is a big problem. As we have seen above, the first clear drawback is the high cost of lending involved. Thus we can say that the A secret to the success of microlenders is their low operating costs.' is FALSE.
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Answer: $13,578
Explanation:
Each unit requires 0.2 direct labour hours to complete. There are 10,950 units to be produced.
Calculating the amount of labor hours needed would therefore be,
= 10,950 * 0.2
= 2,190 labor hours would be needed.
If labor costs $6.20 per direct labor hour and 2,190 hours are needed, calculating would be,
= 2,190 * 6.2
= $13,578
$13,578 should be budgeted for labor in July.
Answer:
b. credit to Nate, Capital for $57,000
Explanation:
Nate is investing in the business and All his investment will be recorded by the partners as follow
Dr. Receivable $60,000
Dr. Cash $6,000
Cr. Nate Capital Account $57,000
Cr. Allowance for Doubtful Accounts $9,000
All the receivables are become the receivables of the business.
Cash is also added to the business cash.
Allowance for Doubtful Accounts are also recorded against the receivable added.
Net effect of all the above account will be recorded as Capital investment
Answer:
A $3066000
Explanation:
The formula for cash received from customers is: opening receivables+net sales-closing receivables.
The rationale behind the formula is that opening receivables would have turned cash by year end since current asset last one year maximum.
=$241500+$3097500-$273000
=$3066000
Answer:
The correct answer is option B.
Explanation:
A price elasticity of demand is always negative for normal goods. It indicates that the price increase causes demand to fall.
The price elasticity less than 1 means demand is less elastic or inelastic. In other words, a change in price will lead to a smaller change in demand.
Similarly, a price elasticity greater than 1 means demand is highly elastic. So a change in price will lead to a greater change in demand.
Since, afternoon shows have less elastic or inelastic demand, the theatre should charge higher price for them.
While, the evening shows are highly elastic so the theatre should charge lower price.
In this way theatre can maximize total revenue.
