Answer:
C) Use of a predictive modeling system that predicts life expectancy by using data about individual consumers' buying habits as well as personal and family medical histories.
Explanation:
Big data are a set of data that when analysed and studied show trends and patterns of individuals and firms.
Answer:
Direct material price variance= $29,120 unfavorable
Explanation:
Giving the following information:
Standard: Direct materials 6 pounds $4.30 per pound $25.80
Actual= Jackson purchased 145,600 pounds of direct material at a total cost of $655,200.
<u>To calculate the direct material price variance, we need to use the following formula:</u>
Direct material price variance= (standard price - actual price)*actual quantity
Actual price= 655,200/145,600= $4.5
Direct material price variance= (4.3 - 4.5)*145,600
Direct material price variance= $29,120 unfavorable
Answer:
4) Student loan forgiveness given to teachers if they teach in high poverty areas.
Explanation:
A subsidy is assistance from to government to the private sector or another public sector that aims at promoting production in the specific sector of the economy. Subsidies are in the form of cash donations, tax concessions, government purchase policies, or assumption of risk. The objective of subsidies is to lower the cost of production, thereby reducing the market price of outputs.
The most common types of subsidies are in the agricultural and manufacturing sectors. In agriculture, the government often subsidizes production by giving cash incentives to farmers. The subsidies help reduce the cost of food. In manufacturing, the government offers export subsidies to businesses to support them in increasing exports.
Other types of subsidies include loan guarantees, loans at reduced interest rates, and tax waivers.
Answer:
1. Required tabulation is the Shares Authorized, the Shares Issued and the Shares Outstanding
Shares Authorized = 290,000 shares
Shares Issued
= Total Cash Collected / Price per share
= 2,170,000 / 14
= 155,000 shares
Shares Outstanding
= Shares Issued - Treasury stock
= 155,000 - 5,000
= 150,000 shares
2. Additional paid in capital account
= Gain (loss) above par
Par value is $10 and Stock was sold for $14
= (14 - 10 ) * 155,000
= $620,000
3. Earnings per share
= Net Income/ Shares outstanding
= 297,000/150,000
= $1.98
