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2 years ago

What are 10 ways that people use percentages in their daily life

2 answers:

7 0

Answer: Construction work, working on farms, working on cars, doing math problems at school or work, creating something, proving a point,

Explanation:Thats all i got

Setler [38]2 years ago

4 0

Answer:

Farming

School

shopping

thats all i got

Explanation:

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An economy is employing 2 units of capital, 5 units of raw materials, and 8 units of labour to produce its total output of 640 u

arlik [135]

Answer:

B) $.10.

Explanation:

All the cost used in the production process is called production cost.

Capital cost = Units x Cost per unit = 2 x $10 = $20

Raw Material cost = Units x Cost per unit = 5 x $4 = $20

Labor cost = Units x Cost per unit = 8 x $3 = $24

Total Cost = Capital cost + Raw Material cost + Labor cost

Total Cost = $20 + $20 + $24 = $64

Cost per unit = Total cost / Number of units = $64 / 640 = $0.10

6 0

3 years ago

Assume that Germany and China can produce beer and cloth. If the MPLc/MPLb for Germany is 2/5 and the MPLc/MPLb for China is 1,

elena55 [62]

Answer: c. specialize in producing beer and export beer.

Explanation:

As per the Theory of Competitive Advantage posited by David Ricardo, a country should specialize in the good that it has a competitive advantage in. A country has a competitive advantage if it incurs a less opportunity cost in producing the good.

Opportunity cost of producing beer for Germany = MPLc/MPLb = 2/5

Opportunity cost of producing beer for China = MPLc/MPLb = 1

Germany has a lower cost of producing beer so they should specialize in this and export it.

6 0

2 years ago

Which one of the following statements on the remuneration of the factors of production is true?

nordsb [41]

Answer: The remuneration for natural resources is rent, as natural resources consist of all gifts of nature

Explanation:

Factors of production consists of the resources that are used to production to take place. They include land, labor, capital and the enterprise.

The remuneration for natural resources is rent, as natural resources consist of all gifts of nature.

The remuneration for labor is wages and salaries. The remuneration for capital is interest while the remuneration for entrepreneur is profit.

6 0

3 years ago

Reynolds Manufacturers Inc. has estimated total factory overhead costs of $116,000 and expected direct labor hours of 11,600 for

Damm [24]

Answer:

Overhead= $17,000

Explanation:

Giving the following information:

estimated total factory overhead costs of $116,000

expected direct labor hours of 11,600

Job number 117 incurs 1,700 direct labor hours

First, we need to calculate the predetermined manufacturing overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 116,000/11,600

Predetermined manufacturing overhead rate= $10 per direct labor hour

Now, we can determine the amount of allocated overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 10*1,700= 17,000

5 0

3 years ago

Investor owns 30% of Investee and applies the equity method. In 2020, Investor sells merchandise costing $240,000 to Investee fo

Ira Lisetskai [31]

Answer:

We should eliminate 3,000 revenue for this sale as is considered intra-entity therefore, there is no gain realized.

Explanation:

The transactions intra-entity should be eliminated.

We should eliminate the revenue from the goods that are still in the inventory of the investee.

inventory sold: 300,000

remaining inventory: 50,000

remaining goods 50,000/300,000 = 1/6

Then, total revenue: 300,000 - 240,000 = 60,000

1/6 of this revenue is still in the investee 60,000 x 1/6 = 10,000

then we should eliminate the percentage of ownership we got on the investee

30% of this belong to the investor so it should be eliminated while the other 70% is kept.

10,000 x 30% = 3,000

5 0

2 years ago