Answer:
command economy and capitalism
Explanation:
A command economy is a situation where the government determines what goods and services are produced in a state. The government formulate its production policies to achieve his goals and objective. The major advantage of a command economy is that is reduces the level of inequality in a state, as against the profit motive in capitalism. Examples of a command economy country is North Korea and Cuba
Capitalism is an economic state where private individuals own and controls factors of production to for profit motive. Private investors are given power by government to control labour, capital and land in the production process with little or no involvement by government. Examples of countries practicing capitalism includes USA, Chile, canada, etc.
Answer: Accounts Payable
Explanation:
The General Ledger has a record of all the financial transactions that take place in the company. It therefore has an Accounts Payable account that records payables that the company has incurred.
The firm will also have an Accounts Payable Ledger that will also record the payables that the firm has incurred. When the entries have been made in this ledger and also in the General Ledger, the balances should be equal to reflect proper record keeping.
If the balances are not equal then an accounting error has been made that needs to be found and rectified.
Answer:
a.
3.51%
b.
0%
Explanation:
a.
First, we need to calculate the YTM of 6 months zero-coupon bond by using the following formula
Price = Face value / ( 1 + YTM )^numbers of years
96.79 = 100 / ( 1 + YTM )^1
1 + YTM = 100 / 96.79
1 + YTM = 1.0331646
Now calculate the YTM of 1 Year zero-coupon bond
93.51 = 100 / ( 1 + YTM )^1
YTM = 1.0331646 - 1
YTM = 0.0331646
YTM = 3.31646%
YTM = 3.316%
1 + YTM = 100 / 93.51
1 + YTM = 1.06940
YTM = 1.06940 - 1
YTM = 0.06940
YTM = 6.940%
YTM = 6.94%
Hence the forward rate is calculated as follow
Forward rate = [ (1 + YTM of 1 year zero coupon bond ) / ( 1 + YTM of 6 months year zero coupon bond ) ] - 1 = ( 1 + 6.94% ) / ( 1 + 3.316% ) = [ 1.0694 / 1.03316 ] - 1 = 1.03508 - 1 = 0.03508 = 3.508% = 3.51%
b.
At the time of inception the formward rate is 0.
Answer:
Job 765 Job 766
Direct material $5,670 $8,900
Direct labor $3,500 $4,775
Overhead $5,400 $8,800
(27*200) (44*200)
Total Job cost $14,570 $22,475
b) Cost per unit = Total job cost/unit produced
Job 765 = $14,570/152 units
Job 765 = 95.86
Job 766 = $22,475/250 units
Job 766 = 89.90
