Answer: Rapidly; Not Necessary
Explanation:
Keynesian Economists are of the believe that the Economy takes a fairly long time to reach a long run Equilibrium while Classical economists believe that it takes a shorter period of time. This has led to both classes of Economists having varying opinions when it comes to the need for Anti-recessionary Policies.
Anti-recessionary policies are implemented by the Government to try to get the economy back to the long run equilibrium as soon as possible and Keynesian Economists support this because the believe that if help is not given, the economy will take too long to adjust on its own. Classical Economists are against this and see no need for such policies because they maintain that the economy adjusts and reaches the Long run equilibrium rapidly meaning that such policies are not necessary and would just be a waste of resources as well as a way for the government to exert more influence on the economy which is another thing they are against as well.
Answer:
a) Predetermine overhead rate = 1710000/95000 = 18 per machine hour
Applied overhead = 18*75000 = 1350000
Under applied overhead = 1687500-1350000 = 337500
b) Cost of godos sold allocated amount of under applied overhead if fully allocated on cost of goods sold = 337500
Cost of goods sold allocated amount of under applied overhead if allocated on appropriate accounts = 337500*759375/1350000 = 189843.75
Difference in net income = 337500-189843.75 = 147656.25
Answer:
The explanation of this question is given below in the explanation section.
Explanation:
This question is about the steps that how to carry out the market research in any industry and find out the gap and fill that gap by providing new or existing product or service to these market's customers.
The correct order for conducting market research are;
- Define the problem
- Establish the need for market research
- Establish the research objective
- Identify the information types and sources
- Determine the method of accessing data
- Then, Design the data collection form
- Conduct the survey from potential participants
- Collect the data
- Analyze the data
- Infer the information
- Report the information.
these steps are used to conduct the market research and collect data from potential participants. Data can be qualitative or quantitative and based on this collected data, then you will be able to infer the information from that data applying statictical methods.
