A company assigns overhead using a plantwide rate. If total estimated manufacturing overhead is $900,000 and the total estimated activity is 30,000 machine-hours, the overhead cost assigned to a product using 12,000 machine-hours is ______.
Multiple choice question.
$2,250,000
$450,000
$360,000
$900,000
Answers
Option (c), The product's overhead cost is then calculated by multiplying the overhead application rate by the actual machine hours. As a result, the product has overhead expenses of $360,000.
What are the overhead expenses?Overhead or overhead charges are terms used in the business sector to describe the constant expenses related to sustaining a business. In contrast to operating costs like labor and raw materials, overheads are more challenging to link to a specific revenue item.
Overheads don't produce profits because they can't be tied to the goods or services being provided. However, overheads continue to be essential to business operations since they give the company the essential assistance it needs to engage in profitable activities. Along with direct labor and direct materials, overheads have a big role in cost.
Budgeted overhead
Budgeted machine hours = $900,000 / 30,000 hours
Budgeted machine hours = $30 per machine hour
Overhead cost
= Overhead application rate x Actual machine hours
= $30 x 12,000 hours
= $360,000
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Related Questions
you are currently puruing your bachelor of commerce at deakin. at the same time you complete a work intergrated learning unit with a medium sized accounting pratice. the firm has been so impressed with your work that they offered you a position in the finance department. the firm is known for its famous client many of are celbrities and their repective families and friends, as a young employee you wnt through a diffficult slection crieterion to successfullly fill a very sought after an compeetitive position as junior adviser analyst, your supervisor junet kany is also proud of you as an ececutive and top senir or adviser at the firm junet takes time to personalty mentor and train new rcruits to make sure they become familiar and comfortable with their role and with the firm cultur. junet inites you rgularly to his home for dinner and you also regularly help him out as family friend.During one of the visits,you meet a person by the name Ngocm a few months into your job you learn that the psoiton of internal audittor was filled by none other than Ngoc herself.This is surprising to you at first, but as the weeks go bu it doesnt seem unusual to youm especially given the professionalism shown by both junet and in the workplace,Both junet and ngoc are able to separate their personal life from their professional ngaggement due to a family disruption you recently approched junet for personal loan $20000 Junet was quick to help you saying " you never know when you need a friend" while the firm has achieved success in some areas there were some ongoing issues that have appeared to have gotten worse since the time you joined, the firm was subject to a join investigation by two top media outlets, which uncovered a story that the firm had several elderly clients who had since faced financial difficulty due to being recommended risker investment porudct by the firm, you also kow that the firm has several clients invested n self managed supernnuation fund, the firm charge an average $5000 for an accounting work on each fund, Each SMSF has to be audited by an independent auditor.the auditor used by the firm usually takes your team out for lunch ofter as an" thanks ' for uptting wor ktheir way through Ngoc, The auditor joked that lunch was within his informal arrangement to give back 5%of the fees that came his way from the firm,=, one afternoon junet asked you to urgently assist a client to start a superannuation account with an industry super fund, After some analysis, you notice that client has $180000 in this account, You realise that the client was short of the $250000 which the firm considered the apppropriate minimum to make an SMSF cost effective. A meeting with the client has been scheduled for the next day, As you go through the files you discover that his new client is your former favorite mathematics teacher. You know that the teacher is disabled ater being invlved in terrible car accident somtime back. You are face dilemma with a rage of issues, You feel you need to make use of all your training and education in ehtic to reach and justify a responsible and ethical decesion, what do you do?
Answers
Consult with your supervisor and higher authorities to address the conflict of interest and make an ethical decision regarding the client's superannuation account.
In this situation, it is important to prioritize ethical decision-making and act in the best interest of all parties involved. Here are some steps to consider.
1. Assess the situation: Take time to understand the ethical dilemmas present and the potential consequences of different actions. Identify the conflicting interests and values involved.
2. Consult company policies and guidelines: Review the firm's policies and guidelines regarding conflicts of interest, client relationships, and ethical conduct. This can provide a framework for decision-making and help ensure compliance with professional standards.
3. Seek guidance and advice: Discuss the situation with trusted colleagues, mentors, or superiors who have experience in ethical decision-making. Their perspectives can provide valuable insights and help you consider different angles.
4. Evaluate potential options: Consider different courses of action that align with ethical principles and professional standards. Evaluate the potential impacts on all stakeholders involved, including the firm, the client, and your personal relationship with the client.
5. Maintain professional boundaries: It is crucial to maintain professionalism and separate personal relationships from professional responsibilities. Ensure that personal connections or favors do not compromise your objectivity or professional judgment.
6. Communicate openly and transparently: If you have concerns or conflicts of interest, it is important to communicate them openly with relevant parties, such as your supervisor or a compliance officer. Transparency can help ensure that potential issues are addressed appropriately and in a timely manner.
Remember, ethical decision-making can be complex, and it is important to consider the specific details of the situation and seek advice from trusted sources within your organization.
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For this conversation, you'll need to visit Campbell's Soup brand portfolio page.
Simulated Business Scenario
Elan, the Chief Marketing Officer for Campbell's Soup sent a memo to all brand managers. The memo asked you, as the brand manager to assess the pros and cons of Campbell's brand portfolio and brand hierarchy. Elan is asking you to discuss a plan to improve the company’s branding strategies for any one of the company's brands. She will conflate yours and the other brand manager's plans and present the final plan to senior management on Monday morning. Therefore, the deadline for your discussions need to be completed no later than Sunday evening.
Answers
As the brand manager of Campbell's Soup, I have assessed the pros and cons of the company's brand portfolio and brand hierarchy and have developed a plan to improve the branding strategy for one of the brands.
Brand Portfolio Assessment:
Pros:
Strong Brand Recognition: Campbell's Soup has a long-standing reputation and strong brand recognition in the soup market.
Diverse Product Range: The brand portfolio includes various soup flavors, broths, sauces, and other related products, catering to different consumer preferences and needs.
Market Leadership: Campbell's Soup has a significant market share and is a recognized leader in the soup industry.
Cons:
Limited Brand Extension: The brand portfolio has primarily focused on soups, with limited diversification into other food categories. This can restrict growth opportunities and limit market expansion.
Perception of Traditionalism: Campbell's Soup is sometimes associated with traditional and nostalgic branding, which may not resonate strongly with younger, health-conscious consumers.
Intense Competition: The soup market is highly competitive, with numerous brands offering similar products. Campbell's Soup needs to differentiate itself effectively to maintain a competitive edge.
Plan to Improve Branding Strategy:
Brand Repositioning: To address the perception of traditionalism and appeal to a wider consumer base, a brand repositioning strategy should be implemented. This can involve highlighting the brand's heritage while emphasizing its modernity, health-conscious options, and commitment to quality ingredients.
Product Innovation: To expand the brand portfolio and tap into new market segments, Campbell's Soup should invest in product innovation. This can include the development of new soup flavors, healthier recipe options, and expansion into other food categories that align with consumer trends and preferences.
Targeted Marketing Campaigns: Implementing targeted marketing campaigns can help reach specific consumer segments and communicate the brand's value proposition effectively. This can involve leveraging digital channels, social media, and influencers to engage with younger audiences and highlight the brand's quality, convenience, and versatility.
Partnerships and Collaborations: Forming strategic partnerships and collaborations with complementary brands can enhance brand visibility and appeal. Collaborations with health-focused brands, celebrity chefs, or nutritionists can help position Campbell's Soup as a trusted and innovative choice in the market.
Packaging and Design Updates: Refreshing the packaging and design elements of Campbell's Soup products can create a more modern and appealing visual identity. This can include incorporating eye-catching graphics, convenient serving options, and clear nutritional information to cater to consumer preferences and provide a differentiated packaging experience.
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Why doesn't the Lorax do anything to stop the Once-ler (hint: he's a symbol)? What does this tell us
about the future of business decisions?
Answers
Answer:
The Lorax is a symbol of environmental consciousness and his inaction in stopping the Once-ler represents the failure of society to prioritize the environment over economic growth. This tells us that if we do not take steps to balance economic growth and environmental sustainability, it could lead to long-term negative consequences for the environment and future business decisions.
Explanation:
The Lorax is a children's book by Dr. Seuss that explores the environmental impact of economic growth and consumerism. In the story, the Once-ler begins cutting down Truffula trees to make a product called Thneeds, despite the warnings of the Lorax, who speaks for the trees and the animals that depend on them.
The Lorax represents environmental consciousness and his inaction in stopping the Once-ler represents the failure of society to prioritize the environment over economic growth. The Once-ler's actions are driven by his desire for profit, and he continues to cut down trees despite the negative impact it has on the environment. The Lorax, as a symbol of environmental awareness, is unable to stop the Once-ler from destroying the ecosystem, which ultimately leads to the disappearance of the Truffula trees and the animals that depend on them.
This lack of balance between economic growth and environmental sustainability is a lesson that has implications for future business decisions. If businesses prioritize profit over environmental sustainability, it could lead to long-term negative consequences for the environment, which could ultimately harm the economic viability of those businesses. It is important for businesses to consider the environmental impact of their decisions and take steps to balance economic growth and sustainability for the long-term health of the environment and economy.
Evaluate each of the marketing campaigns you created for your product concept. Which of these campaigns do you think would be most successful if actually implemented? Explain your answer by making specific predictions as to how your target market would likely respond to these various campaigns.
Answers
Answer:
The focus of your strategy should be making sure that your products and services meet customer needs and developing long-term and profitable relationships with those customers. To achieve this, you will need to create a flexible strategy that can respond to changes in customer perceptions and demand. It may also help you identify whole new markets that you can successfully target.
Explanation:
Answer:
For a campaign you should focus on what your strategy is when making your products and services meeting the customer. To create a flexible strategy that changes the response based on customer perceptions and demand.
the management's preparation of activities to be carried out by the organization is termed
a) planning
b) delegating
c) organising
d) motivating
Answers
Answer:
a) planning
Explanation:
Planning is a major function of management. It entails thinking ahead or visualizing how to execute events or processes before their time is due. Planning is actualizing events in one's mind to achieve desires results before implementing them on the ground. It is going ahead of time and making preparations for future events.
Planning makes processes and events go smoothly. It makes sure all necessities are availed on time and all possible hitches have been addressed.
Tatsuo has just been awarded a four-year scholarship to attend the university of his choice. The scholarship will pay $9,000 each year for the next four years to reimburse normal school-related expenditures. Each $9,000 payment will be made at the end of the year, contingent on Tatsuo maintaining good grades in his classes for that year. Assuming an annual interest rate of 7.0%, determine the value today of receiving this scholarship if Tatsuo maintains good grades. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.)
Answers
Answer:
Value of scholarship today = $30,484.90
Explanation:
The value of the Scholarship is the present value of the annual payment of $9,000 discounted as the annual interest rate of 7% per annum.
This can be computed using the formula below
Present Value = Annual cash flow × (1- (1+r)^(-n)/r)
n -number of years, r-interest rate
rate r- 7%, n=4, Annual cash flow = 9,000
Present Value = 9,000× (1-1.07^-4)/0.07
= 9,000× 3.3872
= $30,484.90
Value of scholarship today = $30,484.90
A grantor trust is a trust arrangement in which the grantor transfers property into a trust but retains some right of enjoyment over the property, such as the right to receive the income generated by the property. True False
Answers
it answer is absolutely true
Leadership ability is important to managers because
a-business will not hire a manager without leadership skills
b-leadership helps managers satisfy employees needs while also meeting the goals of the business
c- managers must get work done whether or not employees want to do it
Answers
А ____ is a consumer problem, need, or desire that a business could provide a solution for.
A. Change or trend
B. Company goal
C. Business opportunity
D. Business idea
Answers
just say sum and ill give you alot of points⇒⇒⇒⇒
Answers
An architect’s functions may include which of the following? (SELECT ALL THAT APPLY.)
-planning and designing houses, commercial buildings, and other structures
-ensuring worksite safety
-collaborating with engineers
-acting as a construction manager and supervising contractors
Answers
Answer:
the answer is planning, ensuring, and acting
what are creative products example flying water bottle
Answers
Answer:
Tesla’s self driving car
Or the waterproof speaker for showers
Explanation:
Select a single stock issue, then perform each of the ratio valuations, covered in the lesson. Compare the information and make a recommendation on the value of the stock, and whether it is a good investment. Your submission must list the name of the stock, the data. The information was obtained, the source from which the information was drawn, and a list of each of the ratio models, showing the results. Also, prepare a narrative of at least two paragraphs that analyzes your findings and indicates your recommendations.
Answers
We should note that stock valuation helps to predict the future price or potential market prices for the investors to time their sales or purchase of investments. Its values the intrinsic value of the stock that shows the profitability of the business and its future market value.
What is the stock valuation of Apple Inc?In this context, let's assume we're analyzing Apple Inc. (AAPL), a technology company that designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players.
One key ratio valuations that investors might use to assess the value of AAPL is Price-to-earnings ratio (P/E ratio). This ratio compares the current stock price to the company's earnings per share (EPS). A high P/E ratio suggests that investors are willing to pay a premium for the stock based on its earnings potential.
To calculate the P/E ratio for AAPL, we would divide the current stock price by the company's EPS. As of 2022, AAPL had a P/E ratio of around 28, which is slightly higher than the industry average of around 24.
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Suppose the board of Nathan Corporation decided to do the share repurchase in problem 1-part b, but you, as an investor, would have preferred to receive a dividend payment. How can you leave yourself in the same position as if the board has elected to make the dividend payment instead
Answers
Answer:
If we sell 0.5 / 15 of one share we will receive $0.50 and the remaining shares will worth $14.50. This will be the same position as if the firm had paid a dividend.
Explanation:
Nathan Corporation is deciding to whether to repurchase shares. It is a decision made by company and its management to boost value of its stock. If the board makes a decision to make dividend payment then we will receive $0.50 per share. The share price total will be $14.50 which is same whether we receive dividend or not.
boi, why am i alive.-
Answers
Answer: so you can grow older
Explanation:
mr. and mrs. bolt's joint return reports $267,500 agi, which includes $13,300 net investment income. compute the couple's unearned income medicare contribution tax. multiple choice $0 $665 $505 none of these choices are correct.
Answers
Mr and Mrs. Bolt unearned income medicare contribution tax when they want to report the joint return of $267,500 agi, which includes $13,300 net investment income is $505 so the answer is C.
What is joint return?A joint return is a tax return filed with the Internal Revenue Service (IRS) on the new, simplified from 1040 by two married taxpayers whose filing status is married filing jointly or by a widowed taxpayer whose filing status is Qualifying Widow.
It is not mean that IRS wants everyone to get married by filing joint return report, because even though a married couple can report the return individually. Basically it's just a way to make the report simpler by filing a joint return report for married couple. It will take lesser steps to make a report but with terms and conditions applied.
Now, we want to calculate Mr. and Mrs. Bolt's unearned income medicare contribution tax as follows :
Couple's unearned income medicare tax = net investment income * rate of medicare contribution
Where
rate of medicare contribution is 3.8% (which the government has determined flat medicare surtax on net investment income for married couples who earn more than $250,000 of adjusted gross income (agi)
Now, let's get back to the formula
Couple's unearned income medicare tax = $13,300 * 3.8%
= $505 (rounded)
Therefore, Mr. and Mrs. Bolt unearned income medicare contribution tax is $505 and the answer is C.
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Fill in the blanks
on this financial
statement.
Net Income
Charges in Working Capital
FCFO
Disposal of PPE
Purchase of PPE
FCFI
Issuance of Stock
Dividend Payment
Issuance of Debt
Debt Repayment
Interest Expense
FCFF
Total FCF
($70)
$90
$[?]
$350
($67)
$
$240
($12)
$44
($4)
($87)
$
$1
Enter
Answers
FCFF = $330.The total FCF is the sum of all the cash flows. Therefore, Total FCF = $700.
The given financial statement can be filled using the following table:Net IncomeCharges in Working CapitalFCFODisposal of PPEPurchase of PPEFCFIIssuance of StockDividend PaymentIssuance of DebtDebt RepaymentInterest ExpenseFCFFTotal FCF($70)$90$320$350($67)($60)$240($12)$44($4)($87)$330 Net income is already given, which is -$70.The charges in working capital can be found using the following formula:Working capital = current assets - current liabilities.
Charges in working capital = working capital (t) - working capital (t - 1).Therefore, charges in working capital = ($90 - $350) - ($240 - $350) = -$70.FCFO (Free Cash Flow to Operations) is found using the following formula:FCFO = Net income + Depreciation + Other non-cash expenses - Taxes - Increase in working capital.Therefore, FCFO = -$70 + $40 + $20 - $50 - ($90 - $350) = $320.Disposal of PPE (Property, Plant, and Equipment) is already given, which is -$67.Purchase of PPE is already given, which is $60.
FCFI (Free Cash Flow to Investment) is found using the following formula:FCFI = Disposal of PPE + Purchase of PPE.Therefore, FCFI = -$67 + $60 = -$7.Issuance of stock is already given, which is $240.Dividend payment is already given, which is -$12.Issuance of debt is already given, which is $44. Debt repayment is already given, which is -$4.Interest expense is already given, which is -$87.FCFF (Free Cash Flow to Firm) is found using the following formula
:FCFF = FCFO + FCFI + Interest expense * (1 - Tax rate).Tax rate is calculated as Taxes / (Net income + Taxes) = $50 / ($70 + $50) = 0.42.Therefore, FCFF = $320 - $7 - $87 * (1 - 0.42) = $330.The total FCF is the sum of all the cash flows. Therefore, Total FCF = -$70 + $90 + $320 + $350 - $67 - $7 + $240 - $12 + $44 - $4 - $87 = $700.
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Question 58 Marks: 1 General obligation bonds used for financing municipal capital improvement are repaid byChoose one answer. a. sales tax b. real property tax c. local industry special tax d. private investors with limited ownership
Answers
General obligation bonds are a type of municipal bonds that are used for financing various capital improvement projects in a city or town. These projects may include building new schools, improving roads and bridges, constructing public buildings, and other similar projects. Option (c) is the correct answer.
The repayment of these bonds is usually done through a variety of means, including the use of various taxes and fees. One common method of repayment is through the use of real property taxes, which are levied on the value of a property within the municipality.
Other possible sources of repayment may include local industry special taxes, which are specific taxes levied on certain industries within the municipality, and sales taxes, which are taxes levied on certain goods and services sold within the municipality.
Private investors with limited ownership may also play a role in the repayment of these bonds, as they may invest in the bonds themselves and receive interest payments over time. However, the primary source of repayment for general obligation bonds is typically through the use of various taxes and fees levied within the municipality.Option (c) is the correct answer.
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Given that bearclaws chooses the profit-maximizing price and quantity, what profit level will it obtain? a. $980. B. $490. C. $700. D. $280
Answers
Given that bearclaws chooses the profit-maximizing price and quantity, yhe profit level will it obtain is D. $280
How to calculate the amountA monopoly maximizes its profit at the quantity where marginal revenue (MR) = marginal cost (MC). As shown in the diagram, the MR curve intersects the MC curve at Q* = 70. The total revenue is calculated as follows: TR = P × Q. At Q* = 70, the price that Bearclaws can charge is P = $14.
Hence, the total revenue at the quantity where Bearclaw maximizes profit is given by: TR = 14 × 70
= $980.
The total cost is calculated as follows: TC = ATC × Q. At Q* = 70, we can see on the diagram that it is where average total cost (ATC) = $10 (draw a straight line from ATC curve at Q = 70 to the P axis to see this value). Hence, the total cost at the quantity where Bearclaw maximizes profit is given by: TC = 10 × 70 = $700.
The profit is calculated as follows:
Profit = TR - TC = 980 - 700
= $280.
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Ms. smith opened a bank account to save money. the balance of the account is modeled by the function f(x) = 4,000(1.06)x , where x is the number of years since the account is opened. according to the function, what is happening to the balance of the account each year?
Answers
Answer:
a
Explanation:
Balance of the account increasing each year linearly is happening to the balance of the account each year.
What is the Balance in the account?Your account balance is the sum of all posted credit and debit transactions. It is the amount in your account before any pending charges are added. Your available balance is the sum of money you have accessible for withdrawals or purchases.
When you check the balance of your bank account online, the available balance and total balance can be two different figures. A debit lowers the amount, whereas a credit enhances it. expense reports. A credit decreases the balance while a debit raises it.
The debiting of positive asset and cost values and crediting of negative balances are shown by this. For instance, after receiving $1,000 in cash, a journal entry would include a debit of $1,000 to the cash account in the accounting software.
Thus, Balance of the account increasing each year.
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What's your guys' favorite thing about Chrollo?
Answers
Answer:
I really like how he
Explanation:
yea
Bailey Co. Has leased a refrigeration unit from Hallogren Company (lessor). The lease agreement is for 16 months and does not include a purchase option. The fair value of the refrigeration unit is $4,000. Under what may the lessee elect not to recognize the right-of-use asset and lease liability?
Answers
Under short team lease and low value the lessee elects not to recognize the right-of-use asset and lease liability
Lessees may choose not to recognise a right-of-use asset and lease liability if the lease period is 12 months or less. This criterion is not relevant in this situation because the lease duration is 16 months. Additionally, the lessee may choose not to recognise a right-of-use asset and lease liability if the underlying asset has a low value when new, such that the fair value of the underlying asset is $5,000 or less. The refrigeration unit's $4,000 fair value satisfies this requirement.
The lessee must not be fairly certain that an option to acquire the underlying asset would be exercised, and the lease must not be a component of a larger agreement for this option to be available. Bailey Co. may decide not to recognise a right-of-use asset and lease liability if the lease is not a component of a broader agreement and the company is not reasonably assured that it will exercise an option to purchase the refrigeration unit. They would have to account for the right-of-use asset and lease obligation on their balance sheet if any of these requirements were not met.
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how are stocks be calculated? what Is stock exchange?
Answers
Answer:
Stocks are a check on a certain holding in a public limited company. Different rights may accompany the stocks, but most often it gives its owner the right to attend and participate in elections at the company's annual general meeting, receive dividends from the company and sell the stock or holding to a third party. Stocks are issued at a certain nominal value, often $1 per share. If the stocks are listed on public stock exchanges, they are often referred to as "listed stocks", but when listing, an official price is created for stocks in the company and this makes it easier for stock owners to trade in the stocks. The company's multiplied by the price on the stock exchange is called the company's market value.
- A service and physical good are similar in terms of uniformity of inputs. Group of answer choices TRUE FALSE
Answers
The correct answer to the given statement that "A service and physical good are similar in terms of uniformity of inputs" is:
FalseWhat is a Good?This refers to the physical item which has value and can be bought and sold in a market place.
With this in mind, we can note that a service has to do with the non physical value driven thing which is rendered based on demand and this service and physical goods are NOT SIMILAR in terms of uniformity of inputs because the manufactures does not have more control on the amount of variability.
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a customer buying an unfamiliar product that carries a fair degree of risk would most likely engage in what type of decision-making? question 11 options: affective decision-making limited decision-making habitual decision-making cognitive decision-making
Answers
The type of decision-making based on the statement above is Cognitive decision-making. Therefore the correct option is D.
When a customer buys an unfamiliar product with a fair degree of risk, they are likely to engage in cognitive decision-making. This type of decision-making involves the consideration of multiple options, weighing the pros and cons of each, and making an informed decision. The customer will research and compare different products, consider factors such as the product's features, cost, and quality, and use their knowledge and expertise to make the best choice for their needs.
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Evaluate the impact of political instability on the country's economy
Answers
Political instability is a condition that can negatively impact a country's economic situation. Some ways political instability affects a country's economy Decrease in Investment and Business, Unemployment, Government Spending.
It is a scenario where the ruling party or political leadership of a country is uncertain or shaky. It has a significant impact on the economy of a country in terms of investment and business, foreign policy, unemployment, and government spending. The following are some ways political instability affects a country's economy:
1. Decrease in Investment and Business: In a situation of political instability, investors are less likely to invest in the country because of the perceived risks associated with the political climate.
It is because they are unsure whether their investment will be protected or whether the rules and regulations that govern business operations will remain stable.
2. Unemployment: Political instability leads to a lack of investment, which, in turn, results in the loss of job opportunities. It is because companies are reluctant to invest in a country where political instability is rampant.
3. Foreign Policy: Political instability can negatively affect a country's foreign policy. It makes it challenging for the government to make and maintain diplomatic relations, as foreign countries may not be willing to engage with a politically unstable government.
4. Government Spending: Political instability often results in the government having to spend more on security measures.
Such measures are necessary to maintain law and order and to deal with protests, strikes, and civil unrest. As a result, the government has less money to invest in infrastructure, social welfare, and other areas of the economy.
In conclusion, political instability has a significant impact on a country's economy. It leads to a decrease in investment and business opportunities, increased unemployment, a challenging foreign policy environment, and reduced government spending.
Countries, therefore, need to work towards political stability to promote economic growth and development.
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Finished outputs have more ______ added to them than the original inputs
-
word bank: word bank: control, cost, ecological, efficient, innovation, inventory, ito, labour, lean, materials, operations, production, sales, skill, socially, tangible, value, water.
Answers
Finished outputs have more value added to them than the original inputs. This means that during the production process, various elements such as materials, labor, innovation, and efficient operations are combined to create a final product that is more valuable than its individual components.
The value of a finished output can be tangible, such as a physical product that is sold to customers, or intangible, such as a service that is provided to clients. The process of adding value to finished outputs involves careful control of production processes, inventory management, and sales strategies. Lean manufacturing techniques are often used to minimize waste and increase efficiency, while socially and ecologically responsible practices can help to ensure that the final product is sustainable and environmentally friendly.
It is also important to consider the cost of producing finished outputs, as this can have a significant impact on the overall value of the product. Skilled workers, efficient operations, and careful inventory management can help to reduce costs and increase profitability. Finally, innovation and creativity can be key factors in adding value to finished outputs, as new ideas and approaches can help to differentiate products from competitors and attract new customers. Overall, the goal of adding value to finished outputs is to create a product that is more valuable than the sum of its parts, and that meets the needs and expectations of customers in terms of quality, cost, and performance.
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Using budget constraints and indifference curves explain what
happens to hours worked when an individual's wage increases
Answers
When an individual's wage increases, their budget constraint shifts outward, allowing them to afford more goods and leisure. The substitution effect and income effect interact to determine the change in hours worked.
When an individual's wage increases, it directly affects their budget constraint. The budget constraint represents the different combinations of goods and leisure that an individual can afford given their wage rate and the prices of goods and leisure. With a higher wage, the individual's budget constraint shifts outward, indicating an increase in their purchasing power.
The change in hours worked due to a wage increase can be explained by analyzing the interaction between the substitution effect and the income effect. The substitution effect occurs when the individual's higher wage makes leisure relatively more expensive compared to goods. As a result, the individual may choose to work more hours to take advantage of the increased income potential. This effect leads to an increase in hours worked.
On the other hand, the income effect arises from the fact that a higher wage provides the individual with more income. This increased income allows for a higher level of consumption and the ability to afford more goods and leisure. The income effect may lead the individual to choose to work fewer hours, as they can achieve their desired level of consumption with less labor. This effect results in a decrease in hours worked.
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Which line from utopia is an example of an anecdote, a brief story or account of an event used to make a larger point?.
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The line from Utopia which is an example of an anecdote, a brief story or account of an event used to make a larger point is I never saw a clearer instance of the opposite impressions that different customs make on people than I observed in the ambassadors of the Anemolians, who came to Amaurot when I was there.
What is anecdote?An anecdote can be described as the story with a point which is used in communicating an abstract idea about a person, place, and it is usually a short narrative .
Hence, anecdote can be described as short story , and can be seen in making an account as regards a past events which was used in the question to describe the impression that the custom have on the people as it was seen in the lifestyle of the ambassador.
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Answer: C
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Journal: Please respond to the following:
Why do you think entrepreneurship is important to the economy?
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Great entrepreneurs have the ability to change the way we live and work, on local and national bases. If successful, their innovations may improve standards of living, and in addition to creating wealth with entrepreneurial ventures, they also create jobs and contribute to a growing economy. The importance of entrepreneurship is not to be underappreciated
Entrepreneurship is important to the economy as they act as a support system in the growth of the economy.
What is entrepreneurship?A person who has a strong interest in conducting business based on creativity and technology and who is willing to take risks in order to improve the lives of others is referred to as an entrepreneur. This is the process that is known as entrepreneurship.
The ratio of annual production to annual consumption, as well as the analysis of an individual's purchasing power, serve as the primary indicators of a nation's economic health.
By developing new goods and services, businesses encourage the creation of new jobs, which lowers the nation's unemployment rate and raises people's spending power, both of which has the net effect of speeding up economic growth.
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