The U.S. government should not have bailed out U.S. auto manufacturers.
Explanation:
- After the inflation period during the 1930, which continued almost for the next 30 years, America increased its standard of living - payment of higher taxes. With an income that was to be paid to government and to be used for their living, Americans had a tough time for almost 10 years to come out of the inflation they faced. Recession was also a part of this period during Hoover's presidency.
- Later, when Roosevelt was elected, his new ideals changed the phase of America which did not let the government stick to basic infrastructure of America. In this period, people of America unanimously agreed for the bailout of auto manufacturers with which, they earned revenue for other sector's development.
- In 2009, when the contract with General Motors was disintegrated, which was created during the time of World War II, the government of America did not want to take any risk/was not ready to face an economic hit. This eventually led for a bail out.
- With this step, in that period of time, it is an economically positive statement.
Answer:
1) 2 minutes
2) 7 minutes
3) Zero ( 0 ) minutes
4) yes
5) zero ( 0 ) minutes
Explanation:
1) Time required to serve
= 2 minutes
2) The operator will begin processing the fourth customer at 7 minutes
3) The fifth customer will wait in line for zero ( 0 ) minutes
4) Yes the sixth customer will get served right away
5) The average waiting time for the 6 simulated customers is Zero ( 0 )
Attached below is the simulation of the six arrivals
Answer:
1a. Recognized Gain $20,000
1b. Basis $625,000
Explanation:
1a. Calculation for Miller's recognized gain using this formula
Miller's recognized gain =Condemnation award-Costs of building a new office
Let plug in the formula
Miller's recognized gain=$850,000-$830,000
Miller's recognized gain=$20,000
Therefore Miller's recognized gain will be $20,000
1b.Miller's basis
Based on the information given we were told that Miller's office building had an adjusted basis of the amount of $625,000 which simply means that Miller's BASIS for the new office BUILDING will be the amount of $625,000
Therefore the Basis is $625,000
Answer:
separates costs into fixed and variable component
can assist with management decision making
Explanation:
The contribution margin may be defined as when we deduct the expenses of the variable from sales. Where contribution margin shows the organization revenue is contributing to net income and fixed cost.
The statement of contribution margin income tells of the earnings at various stages of operations.
This report of income is not used for external reporting purposes but rather for internal decision making by the management.
Therefore according to the above description, the last two statements are correct.
Answer:
Explanation:
Unit level costs = $45*1000= $45,000
Add: Additional costs = $10,000
<em>Total cost $55,000</em>
Number of units 1000
cost per unit = 55,000/1000 = $55
At $55 company will be between accepting and rejecting the special order
