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Rus_ich [418]
2 years ago
13

Which model allows private companies to set up manufacturing units on prison grounds or purchase goods made by inmates in shops

owned and operated by the corrections department
Business
1 answer:
nadya68 [22]2 years ago
6 0

Answer:

private prison enterprise

Explanation:

A public jail is not a profit-generating enterprise. The eventual objective is to house jailed prisoners in an effort to rehabilitate them or remove them from the streets. A private jail, on the other hand, is administered by a business. That corporation’s final purpose is to profit from everything they deal in.

In order to generate money as a private jail, the firm gets into a contract with the government. This contract should indicate the basis for payment to the company. It might be based on the size of the jail, based on a monthly or annual predetermined sum, or in most situations, it is paid depending on the number of convicts that the prison holds.

As of 2019, there are around 116,000 inmates detained in private prisons, which constitutes 8 percent of the overall federal and state prison population.

Many of these jails save the government money, but others actually cost more per prisoner than a public institution would cost.

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Jack recently took out a loan from Diane at an interest rate of 4 percent. Diane expected this year’s inflation rate to be 1 per
defon

The complete question has been added with an image for better understanding of the concept. The beneficiaries of the inflation and interest rates will be,

  1. When inflation is 1 percent, Diane will benefit more than Jack;
  2. When inflation is 0 percent; Diane will benefit more than Jack;
  3. When inflation is 4 percent; Jack will benefit more than Diane;
  4. When inflation is -2 percent; Diane will benefit more than Jack.

<h3>What is inflation?</h3>

A given increase in rates or prices of any commodity, including monies, over a particular financial period is known as inflation.

The rates and beneficiaries due to the unexpected change in inflation for the above situation is given attached in the image in the form of a table.

Hence, the significance of inflation is as mentioned.

Learn more about inflation here:

brainly.com/question/15692461

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5 0
1 year ago
Humphries Construction Company builds warehouses that range in size from 12,000 to 100,000 square feet. Which of the following w
elixir [45]

Answer:

The Number of warehouses completed would not be a rational base for allocating overhead costs to the warehouses.

Explanation:

For allocating the overhead cost to the warehouse. Following things need to be considered.

1. Square footage of the warehouses : Based on the square foot of the warehouse, the overhead cost can be easily allocated. As different warehouses have different square foot. So there would be different allocation criteria for each warehouse.

2. Labor Hours : According to the labor hours, the overhead expense can be allocated. In warehouse, the size of labor is matter. As more labors are available, the chances of more allocation expenses would be there and if there is less labors so the allocation expenses would be less.  

Depending upon the size of the labors, the allocation of overhead differs.

3. Direct material cost : The warehouse is required when more supplies of material is to be required. So here, direct material plays an very important role while allocating the overhead cost. Depending upon the quantity of  material, the overhead expenses differs.

4. Number of warehouses completed : As without knowing the size and capacity of the warehouses, it is difficult to allocate the overhead expense. Moreover, the same cost is been allocated which is not acceptable.

Hence, the Number of warehouses completed would not be a rational base for allocating overhead costs to the warehouses.

7 0
3 years ago
Which of the following statements concerning the reduction of Social Security benefits is (are) correct?
tatiyna

Answer:

b) 2 only

Explanation:

The Social Security Act set up the Old Age and Survivors Insurance Trust Fund (OASI), from which retired individuals receive their payments. These benefits are subject to taxes, and can be withheld if a debt is incurred or an over-payment occurs.

5 0
3 years ago
Explain the difference between buffet and fast food restaurants.
jek_recluse [69]

Answer:

The difference is that buffets don't actually have to prepare the food quickly.

Explanation:

Buffet can be considered a form of fast food: you walk in and pay, and can then immediately grab whatever you like and eat it.

3 0
3 years ago
Read 2 more answers
Consider the market for economics textbooks. Explain whether the following events would cause an increase or a decrease in suppl
shtirl [24]

Answer:

a. The market price of editorial services increases. This will cause​ a(n)

C. decrease in supply.

Explanation:

The event that triggers the market price of editorial services to increase will also increase the quantity of editorial services offered, and increase the cost of economics textbooks.  As a result, it decreases the quantity supplied.  The producers or publishers of economics textbook may not be able to pass the increased cost to consumers.  They may not even have the resources to publish more books with an increased cost of editorial services.  It is only the editors who offer editorial services that will benefit from the market price increase, but only in the short-run.

4 0
3 years ago
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