Answer:
Our P = 17540 $
Explanation:
Amount of Insurance Policy = 50000$
premium reserve at 10th Year = 8000$
Net Premium for the policy = 900$
Annual Interest Rate = 6%
Net Premium at the age of 46 = ????
900 * 10 years = 9000$
9000 + Interest rate @ 6% = 9540$
Net Premium + Premium reserve of 10 Years = 9540 +8000 = 17540$
P = 17540 $
Note: As similar policy have interest rate @ 6%,which is paid every year,
At the age of 46, Net premium reserved amount also will be recovered.
Answer:
Explanation:
1.
Direct labour hours work during the period:
Product S=72,400 units×1 hour=72,400 hours
Product W=18,100 units × 3 hours=54,300 hours
Total labour hours=126,700 hour
Predetermined overhead rate=$958,396/126,700 =7.56 per hour
2.
Unit product cost of S = Direct Material cost + Direct labour cost + Overhead = 12+16+7.56*1 = $35.56
Unit product cost of W = Direct Material cost + Direct labour cost + Overhead = 34+13+7.56*3 = $69.68
Answer:
engage in management openness by encouraging members to voice their opinion.
Explanation:
An important characteristic of management is approachability and openness of the manager to ideas of employees. This gives the manager an idea of the actual state of the workplace facilitating effective resolution of issues as they arise.
When employees know they can freely express themselves without being reprimanded, they better express themselves about challenges encountered.
Also opportunities and methods of doing things better is communicated to the manager
Answer:
<u>A) $4.67</u>
Explanation:
In a perfectly competitive market, marginal revenue always is equal to price. Also, the price is not determined by the firms, it is given by the market because producers doesn´t have any power of decision in this matter.
Due to that, the price is constant, independent the quantity sold.
Answer: 860
Explanation:
The gross domestic product is the value of the goods and services which are produced in a particular country from the year.
In this question, we are informed that we should calculate GDP loss if equilibrium level of GDP is $10,000, unemployment rate 9.8%, and the marginal prospensity to consume is 0.75.
The GDP loss will be calculated as:
= [(0.75 × 9.8)/100 × 10,000] + 125
= [(7.35/100) × 10000] + 125
= [(0.0735) × 10000] + 125
= 735 + 125
= 860
