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3 years ago

What is an organized activity that provides goods and services to others at a

Business

1 answer:

Radda [10]3 years ago

4 0

Answer: C

Explanation:

A business is any activity that provides goods or services to consumers for the purpose of making a profit.

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Lorenzo Company uses a job order costing system that charges overhead to jobs on the basis of direct materials cost. At year-end

damaskus [11]

Answer:

a. Overhead Rate = 0.34

b. Direct Labour Cost = $53,820

Explanation:

Overhead Rate based on direct materials is calculated as overhead cost/direct material cost

Overhead Cost = $612,000

Direct Materials Cost = $1,800,000

Overhead Rate = $612,000/$1,800,000

Overhead Rate = 0.34

Given

Total cost of job in process = $90,000

Material Cost of job in process = $27,000

Overhead Applied = $9,180 (0.34% * $27,000)

Direct Labour Cost = Cost of job in process - Material Cost - Overhead Applied

Direct Labour Cost = $90,000 - $27,000 - $9,180

Direct Labour Cost = $53,820

8 0

3 years ago

Economists generally recognize that rent controls cause shortages in housing, yet rent controls tend to persist. Why does this o

Hunter-Best [27]

Answer:

D) All of the above are correct

Explanation:

Many people indeed do not know that price controls produce shortages, and we do not only refer to the general public, but also many politicians, who are ignorant of economic theory.

Property owners are politically unpopular because they are frequently perceived as being more priviliged and not paying their fair share. Populist politicans can use them as scapegoats to rile up support.

Many people benefit from rent controls, from owners colluding to the government, to real estate cartels, to tenants, or the government itself it it holds public housing.

3 0

3 years ago

Belarus has a comparative advantage in the production of linen, but Russia has an absolute advantage in the production of linen.

kodGreya [7K]

Answer: Option (a) is correct.

Explanation:

A country has a comparative advantage in producing a commodity if the opportunity cost of producing that commodity in terms of other commodity is lower than the other country.

A country has a absolute advantage in producing a commodity whose production require less number of resources than the other country.

A country exports the commodity in which it has a comparative advantage and imports commodity in which it has a comparative disadvantage.

Therefore, if both the countries decide to trade then Belarus should export linen to Russia.

5 0

4 years ago

Spencer Enterprises is attempting to choose among a series of new investment alternatives. The potential investment alternatives

fomenos

Answer:

Assume: only one of the ware house expansion projects can be implemented and suppose that, if test marketing of the new product is carried out, the advertising campaign also must be conducted and vice versa. Also suppose that the purchase of new equipment cannot be undertaken unless the basic research or the extensive warehouse expansion are implemented.

Formulate the corresponding model for maximizing the net present value subject to the restrictions stated above

Yi (1 if investment alternative is selected, o otherwise)

i = 1, 2, 3, 4, 5, 6

Max Z = $4,000y1 + 6,000y2 + 10,500y3 + 4,000y4 + 8,000y5 + 3,000y6

∴ NPV = 17,500

4 0

3 years ago

Guerilla Radio Broadcasting has a project available with the following cash flows : Year Cash Flow 0 −$13,600 1 5,600 2 6,900 3

Fed [463]

Answer:

It will take 3 years and 77 days to recover the initial investment.

Explanation:

Giving the following information:

Year Cash Flow 0 −$13,600 1 5,600 2 6,900 3 6,300 4 4,700

<u>The payback period is the time required to recover the initial investment.</u>

Year 1= 5,600 - 13,600= -8,000

Year 2= 6,900 - 8,000= -1,100

Year 3= 6,300 - 1,100= 5,200

To be more accurate:

(1,100/5,200)*365= 77

It will take 3 years and 77 days to recover the initial investment.

6 0

3 years ago