Answer:
a. Merrick System
Explanation:
Merrick System does not provide for incentives based on standards that are expressed in terms of time period per unit of production
Explanation:
Monotonic transformation refers to changing the quantity of both the variables in a way that their ranking or order is preserved. Monotonic transformation of a utility function does not change the marginal rate of substitution as the order of preferences remains intact with the monotonic transformation. It's just the level of utility that either increases or decreases with such a transformation. The indifference curve shape remains the same. With monotonic transformation, consumer moves from a lower to higher or higher to lower indifference curve.
Answer:
Texia; Texia
Explanation:
A country has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries
Texia can produce 1000 units of food while Urbania can produce 500 units of food . Texia produces more food
Texia can produce 500 units of clothing while Urbania can produce 200 units of clothing. Texia produces more clothing
Texia has an absolute advantage in both activities
Answer:
Debit ; credit
Explanation:
In order to record the journal entry for the transfer of completed units to finished goods is shown below:
Finished goods Dr XXXXX
To Work in process XXXXX
(Being the transfer of completed units is recorded)
Since the transfer of units completed is go to finished goods so this account is debited and the work in process account is credited
Answer:
The correct answer is letter "B": Other things remaining equal, the present value of a future cash flow decreases if the investment time period increases.
Explanation:
Present Value informs us how much a future sum of money today is worth, given a defined return rate. This is an important financial concept based on the principle that the money received in the future is not worth as much as today's equivalent amount.
For instance, three years from now, $5,000 received is not worth as much as $5,000 received today. If you are investing the $5,000 now, it will be worth more than the original amount assuming a calculated rate of return in two years. Waiting for two years to invest the money is a two-year loss of interest, making the future money worth less than the $5,000 now.
