Answer:
B. Since the development of human capital is an important determinant of economic growth, Brazil's literacy and reading rates suggests its potential economic growth rate is lower.
Explanation:
According to the New Growth Theory, it is both human desire and capital the factors that drive economic growth the most.
A literate population that does not read a lot means a lower level of human capital for Brazil, which in turn means that Brazil has a lower potential for economic growth. In order to increase economic growth, the Brazilian government should promote readership among its population.
Answer:
$450 unfavorable
Explanation:
We have given
Actual price per unit of direct material AP = $5.00
And standard unit price of direct material SP = $5.10
Actual quantity of direct material used AQ = 4500
We have to find the direct material price variance
We know that direct material price variance is given by
Answer:
Current Ratio = 3.02
Acid test Ratio = 1.62
Explanation:
The current ratio is a measure to assess the liquidity situation of a company. It tells us the amount of current assets available to settle each $1 of current liability. The current liabilities are all the liabilities that are due within a year.
Current Assets = 101 + 93 + 181 + 17 = $392 million
Current Liabilities = 96 + 34 = $130 million
Current Ratio = Current Assets / Current liabilities
Current Ratio = 392 / 130 = 3.015 rounded off to 3.02
The acid test ratio is also a measure of checking the liquidity of a company. However, this ratio measures the amount of most liquid current assets available to settle each $1 of current liability. This excludes inventory from the current assets.
Acid test ratio = (Current assets - Inventory) / Current Liabilities
Acid test ratio = (392 - 181) / 130 = 1.62
Answer:
The correct answer is letter "B": Each time you get paid, set aside money for savings before making any purchases.
Explanation:
In everyday life, the phrase "pay yourself first" means <em>"give yourself a reward for something good you are doing"</em>. When it comes to business, the same phrase implies<em> individuals should put money into savings before they consider spending it on something else</em>.
