Answer:
$255,000
Explanation:
Total excluding fixed overhead:
= Direct materials + Direct labor + Variable overhead
= $7 + $3 + ($210,000 ÷ 50,000)
= $7 + $3 + $4.2
= $14.2
Total cost per unit of finished goods = $19.3
Fixed overhead per unit:
= Total cost per unit of finished goods - Total excluding fixed overhead
= $19.3 - $14.2
= $5.1 per unit
Total fixed overhead:
= Units produced × Fixed overhead per unit
= 50,000 × $5.1
= $255,000
Answer: This is a positive statement
Explanation:
A positive statement is defined as a statement that's based on facts. These statements are also factual. A normative statement is a statement whereby a value judgement is used.
With regards to the question, we are told that the price of houses in Bellevue area has been increasing by 10% since last year, according to Zillow. This shows that the statement is factual and therefore positive.
Answer:
import tariff
Explanation:
Actually during the 1990s Japanese cars were subject to import quotas and luxury Japanese cars (13 models) were threatened with a 100% import tariff. Since 1981 until the mid 1990s, total Japanese cars imported to teh USA were limited to 1.68 million per year.
The import quotas resulted in Honda building cars in America and later Toyota followed (now Nissan, Mazda, and Subaru have factories in America). We can say that the policy was successful, since at least the cars were built domestically.
The problem with the import tariffs is that they wouldn't help American industries, the companies that would have benefited were BMW and Mercedes Benz. Lexus and Accura are not even similar to Cadillac and Lincoln, so they are not competitors. Japanese luxury cars compete against German luxury cars, and that was something both governments ended up realizing. It was more of a blackmail in order to increase American exports to Japan than actually axing the cars, since the US knew that the tariffs were illegal (the WTO had warned them already) and they also knew they wouldn't benefit American car manufacturers. The problem with American cars in Japan is that they were not adapted to Japanese roads (they drive on the other side of the road) and they were too large. That is the same problem with European roads, that is why currently only Ford sells cars in Europe, GMC sold its European divisions and Chrysler (even though Italian) didn't sell cars there either.
Answer:
27.10%
Explanation:
Data provided in the question:
Principle amount = $1,498
Amount returned i.e the future value = $1,904
Time, n = 1 year
Now,
Interest paid = Amount returned - Principle amount
= $1,904 - $1,498
= $406
Using simple interest formula
Interest = Principle × Rate × Time
or
$406 = $1,498 × Rate × 1
or
Rate = 0.2710 or
= 0.2710 × 100%
= 27.10%
The correct answer to choose is A. Taking out a loan doesn't help you build credit.