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3 years ago

Analyze and identify the role of the government in a free enterprise economy.

1 answer:

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A free enterprise economy is the idea that a capitalist economy can maintain itself in a freely competitive market due to a the supply and demand relationship. Since this concept claims that the economy can regulate itself, the government has a minimalist role in it.

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Whispering Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures w

HACTEHA [7]

Answer and Explanation:

The weighted-average accumulated expenditure method will be used to compute the interest amount to be capitalized for a qualifying asset. Then the expenditure incurred during a particular month shall be multiplied by that month's outstanding and the sum is later divided over the total months in a given period.

(Check the attachment below for the computation of Whispering’s weighted-average accumulated expenditures for interest capitalization purposes.)

Therefore, Whispering's weighted-average accumulated expenditures for interest capitalization purposes is $2,334,000.

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3 years ago

Monetary policy can be a useful tool for macroeconomic management. Using relevant diagram(s), show and discuss the possible impa

Andrej [43]

Answer:

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6 0

3 years ago

Blue Skies Inc. is a retail gardening company that is piloting a new strategic initiative aimed at increasing gross profit. Curr

SpyIntel [72]

Answer:

Cost of Procedure 1: $268,800

Cost of Procedure 2: $134,400

Explanation:

Sales $480,000.

Gross Profit 25% of $480,000.= $ 120,000

Cost of Goods Sold = 480,000-120,000= $ 360,000

Procedure 1 costs twice as much as Procedure 2

Process 1 costs $ 240,000 Process 2 costs $ 120,000

To get a gross profit of 30% the sales would increase by

0.25 480,000

0.3 x

x= 480,000*0.3/0.25= $576,000

Sales $576,000.

Gross Profit 30% of $576,000.= $ 172,800

Cost of Goods Sold = 576,000-172,800= $ 403,200

Procedure 1 costs twice as much as Procedure 2

Process 1 costs $ 268,800 Process 2 costs $ 134,400

Procedure 1

1. Cost makeup of Procedure 1:

45% direct materials, = 45% of $ 268,800 = $ 120,960

40% direct labor, = 40% of $ 268,800 = $ 107,520

15% overhead.= 15% of $ 268,800 = $ 40,320

Total $268,800

Procedure 2

2. Cost makeup of Procedure 2

25% direct materials,=25% of $ 134,400 = $ 33,600

50% direct labor,= 50% of $ 134,400 = $ 67,200

25% overhead.=25% of $ 134,400 = $ 33,600

Total 134,400

1. Cost makeup of Procedure 1:

Direct materials, $ 120,960

Direct labor, $ 107,520

Overhead. $ 40,320

Total $268,800

Procedure 2

2. Cost makeup of Procedure 2

Direct materials $ 33,600

Direct labor, $ 67,200

Overhead. $ 33,600

Total 134,400

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3 years ago

True or False. Your organization is in the midst of a project in uncharted waters; nothing you have attempted before comes close

amm1812

Answer:

The correct answer is False.

Explanation:

A fundamental success factor in any project is its director's ability to make the right decisions at the right time. This can only be done if there is clear, reliable and updated information about the progress of the project. It is equally important to provide concise information to those interested in the project. The GVG provides an approach to measure the performance of the project from the comparison of its real progress against the planned one, allowing to evaluate trends to formulate forecasts.

To implement the GVG in a project, it is necessary to define the Performance Measurement Baseline (PMB), which integrates the description of the work to be performed (scope), the deadlines for its completion (schedule) and the calculation of its costs and resources required for its execution (cost).

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3 years ago

A company with excess capacity must decide between scrapping or reworking units that do not pass inspection. The company has 16,

bixtya [17]

Answer and Explanation:

The computation of the incremental income is as follows;

Particulars Sale as scrap Rework

Sales of reworked units

(16,000 × $8.60) $137,600

Sales of scrap units

(16,000 × $3.10) $49,600

Cost to rework units

(16,000 × $4.50) ($72,000)

Incremental income (loss) $49,600 $65,600

7 0

3 years ago