Answer:
16,300 Direct Labor Hours
Explanation:
Evening Star Inc. produces two models.
The field model requires eight(8) direct-labor hours.
The professional binoculars require ten(10) direct-labor hours.
In May,
Number of field binocular manufactured=850
Number of professional binocular manufactured=950
Therefore:
- Standard Hour for 850 field model = 850 X 8 =6800 Hours
- Standard Hour for 950 professional model = 950 X 10 =9500 Hours
Total Standard Hours allowed in May = 6800+9500
=16300 Direct Labor Hours
Answer:
maximize profits.
Explanation:
Th economist assume that the goal of objective of the business is to maximize the profit and add value to their business and shareholders as well. The businesses use marginal benefit and marginal cost to measure the value of benefit. Business also has other objectives which support the profit maximization like cost minimization, customer satisfaction etc
The secured credit cards are backed by a collateral deposit against the risk of default in repayment by the cardholder. Each card is liable to be repaid by the cardholder with the amount of purchases being made.
<h3>What is a credit card?</h3>
A card, or a form of plastic money, issued by a financial institution in such a way that the person to whom such card is issued can utilize it to purchase goods and services on credit, is known as a credit card.
A secured credit card is a safe and risk-free form of issue for the issuer, as it is covered by a security deposit as a collateral. Repayment is done either out of the deposits, or by manual payment by the cardholder.
Hence, the significance of a credit cards is given.
Learn more about credit cards here:
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Answer:
The more electricity, communications, and transportation used in a nation's economy, it will give them a more developed country and a greater potential for increased industrialization
Answer: A. The supply is more elastic than the demand
Explanation: When the supply of a product is more elastic than the demand the buyer of a good will bear the larger tax burden, when the demand for a good is more elastic than the supply the producer will bear the larger burden of the tax. When the tax placed on buyers of a product increases, the buyers will have to pay more for the good,this will lead to a reduced effective income for the sellers and generally Demand will become less elastic while the supply will now become more elastic as consumer preference will tend to reduce.