you really want to buy a new home theater system, but your credit cards are maxed out and the rent is due next week. which type of stressor is this?
Answers
You really want to get a new home cinema system, but you have maxed out your credit cards and your rent is due the next week.
What stressors means?An event, force, or circumstance that causes mental or physical stress is referred to as a stressor. Stressors can be internal or external influences that push the affected person to make adjustments or find coping mechanisms. something that results in tension or strain. The difficulties of daily life are referred to as "daily stresses," and they include both expected difficulties like caring for a child or traveling back and forth from work to home and unexpected difficulties like a broken home appliance, an unforeseen job deadline, or a traffic jam.
How do you identify stressors?Be mindful of any thought patterns or routines of behavior that feel time-consuming or bothersome throughout the day (such as generalizing, comparing, placing conditions, projecting, self-diminishing, or defending). Put these in a journal (or your journal if you have one). An emotion or bodily tension is referred to as stress. It can be brought on by anything that makes you angry, frustrated, or uneasy in your experiences or thoughts. A challenge and demand causes your body to experience stress. When it serves to keep you safe or help you accomplish a deadline, stress can be beneficial in short spurts.
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Witness Manufacturing produces two types of cameras: 35mm and digital. The cameras are produced using one continuous process. Four activities have been identified: machining, setups, receiving, and packing. Resource drivers have been used to assign costs to each activity. The overhead activities, their costs, and the other related data are as follows:
Product/ Machine Hours/ Setups/ Receiving Orders/ Packing Orders
35mm: 12,000/ 200/ 300/ 500
Digital: 12,000/ 450/ 1,200/ 2,500
Costs: $70,000/ $50,000/ $10,000/ $30,000
Calculate the total overhead assigned to the 35mm cameras, using only machine hours to calculate a plantwide rate. (Note: Round the plantwide rate to two decimal places.)
a. $72,333 b. $80,040 c. $60,200 d. $132,667 e. $75,130
Answers
The Correct answer is B, The total overhead assigned to the 35mm cameras, using only machine hours to calculate a plantwide rate is $80,040.
Calculate the plantwide overhead rate using machine hours:
Total machine hours = 12,000 + 12,000 = 24,000
Total overhead costs = $70,000 + $50,000 + $10,000 + $30,000 = $160,000
Plantwide overhead rate = Total overhead costs / Total machine hours = $160,000 / 24,000 = $6.67 per machine hour
Calculate the overhead assigned to the 35mm cameras using the plantwide overhead rate and the machine hours for the 35mm cameras:
Overhead assigned to 35mm cameras = Machine hours for 35mm cameras x Plantwide overhead rate
Overhead assigned to 35mm cameras = 12,000 x $6.67 = $80,040
Plantwide rate is a method used to allocate overhead costs to products or departments based on a single, predetermined overhead rate. This method is also known as the single plantwide rate or blanket rate.
To calculate the plantwide rate, total estimated overhead costs are divided by a chosen allocation base, such as direct labor or machine hours, for the entire plant. The resulting rate is then applied to each product or department's allocation base selected to determine the overhead costs allocated to that product or department. While the plantwide rate method is simple to apply and provides a quick estimate of overhead costs, it has some limitations.
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Flounder Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2020, the following balances related to this plan. Plan assets (market-related value) Projected benefit obligation Pension asset/liability Prior service cost Net gain or loss (debit) $565,000 656,000 91,000 86,000 92,000 Cr. As a result of the operation of the plan during 2020, the actuary provided the following additional data for 2020. Service cost $98,000 50,000 Settlement rate, 9%; expected return rate, 10% Actual return on plan assets Amortization of prior service cost Contributions Benefits paid retirees Average remaining service life of active employees 26,000 126,000 92,000 10 years Using the preceding data, compute pension expense for Flounder Corp. for the year 2020 by preparing a pension worksheet that shows the journal entry for pension expense. (Enter all amounts as positive.)
Answers
To compute the pension expense for Flounder Corp. for the year 2020, we can prepare a pension worksheet that shows the journal entry for pension expense. Here's the computation: Cr. $175,140
Determine the components of pension expense:
Service cost: $98,000
Interest cost: Beginning PBO x Settlement rate = $656,000 x 9% = $59,040
Expected return on plan assets: Beginning Plan Assets x Expected return rate = $565,000 x 10% = $56,500
Amortization of prior service cost: $86,000 / Average remaining service life = $86,000 / 10 = $8,600
Gain or loss: Net gain or loss - Actual return on plan assets = $92,000 - $26,000 = $66,000
Compute the total pension expense:
Total pension expense = Service cost + Interest cost - Expected return on plan assets + Amortization of prior service cost + Gain or loss
Total pension expense = $98,000 + $59,040 - $56,500 + $8,600 + $66,000 = $175,140
Prepare the journal entry for pension expense:
Pension Expense Dr. $175,140
Accumulated Other Comprehensive Income (OCI) - Pensions Cr. $175,140
Note: The journal entry reflects the recognition of the pension expense and the corresponding impact on the OCI.
Please note that this is a simplified calculation based on the provided data, and actual pension expense calculations may involve additional factors and complexities. It is recommended to consult with a qualified accountant or financial professional for accurate and comprehensive calculations.
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The jury's final decision is referred to as which of the following?
Answers
Answer:
Verdict
Explanation:
Answer:
verdict- the jury's final decision
ace hardware store sells two product categories, tools and paint products. information pertaining to its year-end inventory is as follows: inventory, by product category quantity per unit cost net realizable value tools: hammers 120 $ 4.00 $ 4.50 saws 100 9.00 8.00 screwdrivers 200 1.00 1.60 paint products: 1-gallon cans 400 5.00 4.00 paint brushes 120 3.00 3.50 required: determine the carrying value of inventory at year-end, assuming the lower of cost or net realizable value (lcnrv) rule is applied to (a) individual products, (b) product categories, and (c) total inventory. assuming inventory write-downs are common for ace, record any necessary year-end adjusting entry for each of the lcnrv applications in requirement 1. pre question 1 of 1 total 1 of 1 visit question map this is the last question in the assignment. to submit, use alt s. to access other questions, proceed to the question map button.
Answers
the carrying value of inventory at year-end, assuming the lower of cost or net realizable value (lcnrv) rule is applied to Individual Products of Hammers- $540,Saws -$800 ,Screwdrivers -$320,Gallon Cans- $1600,Paint Brushes -$420.B) Product Categories of Tools-$1340,Paint Products-$2080. C)Total Inventory is $2960.
A1. (a) Individual Products:
Tools:
Hammers - LCNRV = $4.50, so carrying value is $4.50 x 120 = $540
Saws - LCNRV = $8.00, so carrying value is $8.00 x 100 = $800
Screwdrivers - LCNRV = $1.60, so carrying value is $1.60 x 200 = $320
Paint Products:
1-Gallon Cans - LCNRV = $4.00, so carrying value is $4.00 x 400 = $1600
Paint Brushes - LCNRV = $3.50, so carrying value is $3.50 x 120 = $420
(b) Product Categories:
Tools - LCNRV = $4.50, so carrying value is $4.50 x 220 = $1340
Paint Products - LCNRV = $4.00, so carrying value is $4.00 x 520 = $2080
(c) Total Inventory - LCNRV = $4.00, so carrying value is $4.00 x 740 = $2960
Adjusting Entry:
Debit Inventory $2960
Credit Loss on Inventory $376
(calculated as $2960 - $2584, which is the total carrying value of inventory before applying the LCNRV rule)
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Here's something easy for you!
No questions, just do it. Look up pictures of this boy named Lee Haechan and give them to me. It's totally for my research. 5 points for 5 pictures. I mark brainliest and 5 starts and give thank you's.
Answers
brainly only allows one photo
I chose my fav photoshoot from boom era
There are four basic sources that multinational companies (MNCs) can tap for positions. These are: A. host-country nationals, third-country nationals, United Nations placements, and International Monetary Fund (IMF) placements. B. home-country nationals, International Monetary Fund (IMF) placements, inpatriates, and multipatriates. C. home-country nationals, host-country nationals, International Monetary Fund (IMF) placements, and multipatriates. D. home-country nationals, host-country nationals, third-country nationals, and inpatriates
Answers
Answer:
D. home-country nationals, host country nationals, third-country nationals, and inpatriates
Explanation:
The four basics sources in which the multinational companies would tap for positions are as follows:
Home country nationals
Host country nationals
Third country nationals
Inpatriates
In this the MNC would be ready for tap for the positions
Therefore the last option is correct
And, the other options would be incorrect
A car manufacturer is offering the choice of a 0.2% loan compounded monthly for 72 months or $1800 cash back on the purchase of a $20,500 new car. Completo parts (a) through (c) below.
(a) If a car buyer takes the 0.2% loan offer, how much will the monthly payment bo?
The car buyer's monthly payment will be $
(Do not round until the final answer. Then round to the nearest cont as needed.)
Answers
Answer:
$286.5
Explanation:
Given the following:
Principal (P) = $20,500
Period(n) = 72 months
Rate(r) = 0.2% = 0.002/12 = 0.000166666666
Monthly payment (M) =?
M = P [ r / (1 - (1 + r)^-n) ]
M = 20500[(0.000166666666) / (1 - (1+0.000166666666)^-72)
M=20500[(0.000166666666) / 1 - (1.000166666666^-72)
M= 20500[(0.000166666666) / 0.01192729912821
M = $20500 [ 0.01397354624952]
M = $286.457698115328
M = $286.5
For Tesla, the Model S represents a
(BCG) market growth/market share matrix.
on the Boston Consulting Group
Answers
The answer is "star" and its further explanation can be defined as follows:
The Tesla Model S is pleasant during the day, but fitness and finish are something to want. When heading for just a quick ring all-around city or heading off to the other side, Model S 2020 is full of space and luxury. It is a quality rating of 7 out of 10.The Tesla Model S is the top U.S. car with an overall score of 70 in the ultra-luxury car category. The top-range model S is 373 miles long and has one of today's largest ranges. For Tesla, Model S is a star in the growth/market share matrix of the Boston Consulting Group. The hunting for a high-quality premium car, Tesla Model S.Its overall design is maybe 10-years old, but the type S still sets a baseline for all EVs, and it has an unmatched driving range. The Model S is rather costly at $80,000 on the other hand.That's why the correct answer is "star".
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It is July 16. A company has a portfolio of stocks worth $100 million. The beta of the portfolio is 1. 2. The company would like to use the CME December futures contract on the S&P 500 to change the beta of the portfolio to 0. 5 during the period July 16 to November 16. The index futures price is 2,000 and each contract is on $250 times the index.
A) What position should the company take?
B) Suppose that the company changes its mind and decides to increase the beta of the portfolio from 1. 2 to 1. 5. What position in futures contracts should it take?
Answers
To raise the beta to 1.2, the company must take a stake and purchase 280 Bse 500 future deals.
What does "company" mean?A company is a legal body created by a group of people to conduct and manage a business enterprise, whether it be commercial or industrial. Depending just on corporate legislation of its jurisdiction, a corporation may be set up in a variety of ways for tax & financial liability reasons.
What makes it a firm, and why?A firm is the name given to a business because its personnel want to produce value. The Latin language is where the term "produce," which meaning to lead forth bring forth, originates. The term "company" first appears in Old French, where it meant camaraderie or compaignie. The term "business" also has Old English roots, when busy and -ness are combined.
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A campus deli serves 250 customers over its busy lunch period from 11:30 am to 1:30 pm. A quick count of the number of customers waiting in line and being served by the sandwich makers shows that an average of 7 customers are in process at any point in time. What is the average amount of time that a customer spends in process?
Answers
First, we need to calculate the arrival rate:
Arrival Rate = Number of customers / Time
Arrival Rate = 250 customers / 2 hours
Arrival Rate = 125 customers per hour
Next, we need to calculate the average time a customer spends in the system:
Average Customers in System = Arrival Rate x Average Time in System
7 = 125 x Average Time in System
Average Time in System = 7 / 125
Average Time in System = 0.056 hours
Average Time in System = 3.36 minutes
Therefore, the average amount of time that a customer spends in process is approximately 3.36 minutes.
___ requrements are courses that build knowledge and skills in a specific field.
A. major
B. general studies
C. specialization
D. elective
Answers
D. elective requrement are courses that build knowledge and skills in a specific field
Industry Y is dominated by five large firms that hold market shares of 41, 21, 17, 9, and 12 percent. The four-firm concentration ratio for this industry is
Answers
The four-firm concentration ratio for this industry is 91% if a Industry Y is dominated by five large firms that hold market shares of 41, 21, 17, 9, and 12 percent.
To calculate the four-firm concentration ratio for Industry Y, we need to add up the market shares of the four largest firms.
The four largest firms in Industry Y hold market shares of 41, 21, 17, and 12 percent.
When we add these percentages together, we get:
41% + 21% + 17% + 12% = 91%
The four-firm concentration ratio for this industry is 91% if a Industry Y is dominated by five large firms that hold market shares of 41, 21, 17, 9, and 12 percent.
Therefore, the four-firm concentration ratio for Industry Y is 91%. This means that the four largest firms in the industry control 91% of the total market share.
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Why is it important for public corporations to comply with audits
Answers
Answer:
Explanation:
Accounting and auditing professionals serve an absolutely vital role in our capital markets. Transparent, informative and accurate financial reporting are the lifeblood of the capital markets and are essential for investors to make informed decisions as to how to allocate their capital.
ABC Enterprises is worth $300,000. There are 3 shareholders and each shareholder is an equal owner of the company. If they establish an entity buy-sell agreement, the entity would have to buy policies in the amount of $____________ on each of the owners.
Answers
Answer:
$100,000 per each owner
Explanation:
Divided by 3. Seems fair
i have to write a presentation on why the government needs to do more to improve public schools. can anyone help with a few reasons?
Answers
Governments can support other schools by providing food, shoes for school, after-school tutoring, and encouragement for students to pursue their education and future goals.
What justifies government involvement in education?The system's contradictions would be fixed if the federal government got involved. Every region, district, and legislature could establish its own standards for curriculum development if the states in the United States were in charge of establishing their own educational standards.
Since there are more than 50 different ways to gauge success, it is impossible to draw a precise picture of how the nation's educational system is performing at the national level. A single standard would make it easier for educators, leaders, parents, and students to understand where they stand in relation to others across the nation.
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oligopolies are difficult to analyze because
Answers
Sorry if it’s too complicated
In the Shifty Industries case, the primary ethical issue can be stated as:
a.Whether an accountant should claim a higher section 179 deduction ($100,000) than allowed by law.
b. Whether an accountant should claim any section 179 deduction or not.
c .Whether an accountant should claim inflated expenses on the company tax return.
d. Whether an accountant should claim a section 179 deduction ($25,000) as allowed by law.
Answers
The best option is option A. In the Shifty Industries case, the primary ethical issue revolves around the decision of whether an accountant should claim a Section 179 deduction, which allows for a $25,000 deduction as permitted by law. This ethical issue stems from the potential conflict between the accountant's professional responsibility to uphold the law and their duty to act in the best interest of their client, Shifty Industries.
The Section 179 deduction enables businesses to deduct the full purchase price of qualifying assets in the year they are placed in service, rather than depreciating them over several years. In this case, claiming the deduction could provide immediate tax savings for Shifty Industries. However, the accountant must consider if it is appropriate and ethically sound to claim this deduction given the specific circumstances of the company. To resolve this ethical dilemma, the accountant should first evaluate the financial condition and business practices of Shifty Industries. They should ensure that the company meets all eligibility requirements for the Section 179 deduction and that claiming it aligns with the company's long-term financial goals. Additionally, the accountant should consider the potential consequences of claiming the deduction, such as any potential legal or financial ramifications. By thoroughly assessing the situation, the accountant can make an informed and ethically responsible decision regarding whether to claim the Section 179 deduction for Shifty Industries. This approach ensures that the accountant maintains their professional integrity while also acting in the best interest of their client.
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Communication processes such as face-to-face conversations, telephone conversations, and meetings in which all communicators are present at the same time are referred to as __________ communication.
Answers
Synchronous communications correspond to the communication process where all communicators are present at the same time.
What are the benefits of synchronous communications?In this type of communication where all parties involved are present when the communication is established, such as a meeting or a phone call, there is a greater exchange of information, learning and instantaneous feedback.
Therefore, synchronous communication is positive for the work environment, as it allows for greater understanding and learning to carry out organizational processes.
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form utility is created by making a product available at a location where customers wish to purchase it.
Answers
Place utility is created by making a product available at a location where customers wish to purchase it.
What is utility?
In economics, the term "utility" is used to define the value or worth of a good or service. More precisely, utility is the total enjoyment or value derived from utilizing a product or service. In economic theories of rational choice, it is frequently assumed that consumers would aim to maximise their utility.
The economic utility of a good or service must be understood since it directly affects demand and pricing. In practise, consumer utility is frequently difficult to measure or quantify. However, some economists believe that by combining a number of models, they may evaluate an economic good or service's effectiveness in an indirect manner.
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For both articles, what can you tell me about the values of Harvard and Entrepreneur?
Answers
The article referenced is "If you want to be an entrepreneur, don't go to Harvard.
What are the values of the Harvard Graduate viz a- viz that of the Entrepreneur?Regardless of the size of the organization, "Core Values" should be prioritized. Values direct the path of business, influencing strategy and decision making. Essentially, basic principles serve as the foundation around which we develop our firm. Core Values provides several advantages to the firm.
Students at Harvard have access to classes, research institutions, and faculty mentors from around the university. It's the ideal location to explore your favorite and yet-to-be-discovered academic interests, with world-renowned teachers, cutting-edge resources, and personalized training.
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the amount shown in the balance sheet debit column of worksheet for merchandise inventory is:
Answers
Answer:
The balance sheet debit column of a worksheet for merchandise inventory typically shows the value of the inventory at a particular point in time.
Explanation:
This value represents the cost of the merchandise that a company has purchased but has not yet sold.
It's important to note that a balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific date.
The merchandise inventory balance shown in the debit column reflects the historical cost of inventory and is typically classified as a current asset on the balance sheet.
However, without specific information about a company's worksheet or financial records, I cannot provide you with an exact amount.
The value of merchandise inventory can vary greatly depending on the nature of the business and its accounting practices.
It's best to refer to the company's financial statements or consult with an accountant for accurate and up-to-date information.
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¿Cómo harías el marketing de tu producto?
Answers
Answer:
postearlo en redes sociales
Explanation:
Answer:
I don't understand
Explanation:
I don't know
Match each law with its correct description.
Answers
Answer:
Not too sure but I think it goes 1.Fair credit billing act 2.Credit CARD act 3.Uniform commercial code 4.Truth in lending act.
Match the law terms and definition:
Truth in Lending Act - requires lenders to establish standardized disclosures regarding terms and how they calculate fees.
Through the meaningful disclosure of loan conditions, which enables customers to evaluate standardized credit terms more easily and intelligently, the Truth in Lending Act (TILA) aims to safeguard consumer protection and promote competition among financial institutions.
Match the law terms and definition:
Truth in Lending Act - requires lenders to establish standardized disclosures regarding terms and how they calculate fees.Fair Credit Billing Act: allows consumers to exercise their rights regarding disputes and billing errors.Uniform Commercial Code: a set of laws that govern US commercial transactions.Credit CARD Act: prohibits unfair and abusive credit practices and ensures the transparency of fees.As a result, the significance of the law terms and definition are the aforementioned.
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Businesses are important to a free enterprise system because they?
Answers
Answer:
A.provide consumers with goods and services
Multiple choices
A.provide consumers with goods and services
B. make legal decisions related to property rights.
C. prevent entrepreneurs from taking to many risks.
D. enforce economic regulations to protect citizens.
Explanation:
Production of goods and services is done by the private sector in a free enterprise system. A majority of the factors of production belong to the private sector. The government does not actively participate in economic activities.
In the free enterprise system, the private sector produces and distributes goods and services in the economy. In other words, all the goods and services consumed in a free enterprise system are produced by the private sector.
1. capital gains
3
money paid from a company's earnings to people who own stock in that company
2. commission
6
the income a business makes
3. dividends
5
money the bank gives you when you keep your money in one of their accounts
4. entrepreneur
4
a person who takes a risk to create a new product or develop a better way to operate a business
5. interest
1
income earned by the sale of assets, such as stocks or property, the gain of which is the difference between the price paid and the selling price
6. revenue
2
a fee paid to employees for their sale or services, the amount of which is usually based on a percentage of the sale price
Answers
Answer:
CAPITAL GAINS - income earned by the sale of assets, such as stocks or property, the gain of which is the difference between the price paid and the selling price
COMMISSION - a fee paid to employees for their sale or services, the amount of which is usually based on a percentage of the sale price
DIVIDENS - money paid from a company's earnings to people who own stock in that company
ENTREPRENEUR - a person who takes a risk to create a new product or develop a better way to operate a business
INTEREST - The income a business makes
REVENUE - money the bank gives you when you keep your money in one of their accounts
Answer:
1. capital gains
income earned by the sale of assets, such as stocks or property, the gain of which is the difference between the price paid and the selling price
2. commission
a fee paid to employees for their sale or services, the amount of which is usually based on a percentage of the sale price
3. dividends
money paid from a company's earnings to people who own stock in that company
4. entrepreneur
a person who takes a risk to create a new product or develop a better way to operate a business
5. interest
money the bank gives you when you keep your money in one of their accounts
6. revenue
the income a business makes
Explanation:
I did it
#1 You are driving down the highway when one of your tires suddenly blows out. You should
Pump your brakes rapidly, and steer your vehicle to control any skids.
Avoid using your brakes. Slow down gradually and concentrate on steering.
Press hard on your brake pedal and stop as quickly as you can.
Answers
United Research Associates (URA) had received a contract to produce two units of a new cruise missile guidance control. The first unit took 4,000 hours to complete and cost $40,000 in materials and equipment usage. The second took 3,600 hours and cost $32,000 in materials and equipment usage. Labor cost is charged at $20 per hour. The prime contractor has now approached URA and asked to submit a bid for the cost of producing another 20 guidance controls. Use and a. What will the last unit cost to build? (Round your answer to the nearest dollar amount.) b. What will be the average time for the 20 missile guidance controls? (Round your answer to the nearest whole number.) c. What will the average cost be for guidance control for the 20 in the contract? (Round your answer to the nearest dollar amount.)
Answers
The average cost for guidance control for the 20 in the contract is $112,000, rounded to the nearest dollar amount.
a. Calculation of last unit cost to buildThe cost of producing the first unit of the cruise missile guidance control is $40,000 and it took 4,000 hours to complete. Therefore, the labor cost for the first unit can be calculated as:
4,000 hours × $20/hour = $80,000
For the second unit, the cost was $32,000 and it took 3,600 hours to complete.
Therefore, the labor cost for the second unit can be calculated as: 3,600 hours × $20/hour = $72,000
The average cost per guidance control for the 20 units in the contract = $2,240,000/20 units = $112,000 .
Thus, the total labor cost for both the units = $80,000 + $72,000 = $152,000
Therefore, the average labor cost per hour = $152,000/7,600 hours = $20/hour
Hence, the cost of producing the last unit can be calculated as:
(20 hours × $20/hour) + $32,000 = $400 + $32,000 = $32,400
Therefore, the last unit will cost $32,400 to build.b.
Calculation of the average time for the 20 missile guidance controls
To calculate the average time for the 20 missile guidance controls, we can use the average time per unit of the first two units.
The total time taken to produce the first two units = 4,000 + 3,600 = 7,600 hours
Therefore, the average time per unit = 7,600 hours/2 units = 3,800 hours
Thus, the average time to produce 20 missile guidance controls = 3,800 hours × 20 units = 76,000 hours
Therefore, the average time for the 20 missile guidance controls is 76,000 hours, rounded to the nearest whole number.c.
Calculation of the average cost for guidance control for the 20 in the contract
The total cost of producing the first two units = $40,000 + $32,000 = $72,000
The total labor cost for the first two units = 4,000 hours × $20/hour + 3,600 hours × $20/hour
= $80,000 + $72,000 = $152,000
Therefore, the total cost to produce the first two units including labor = $72,000 + $152,000 = $224,000
The cost per unit for the first two units = $224,000/2 units = $112,000
Therefore, the total cost of producing 20 units can be calculated as:20 units × $112,000/unit = $2,240,000
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If you could choose to be anything you want, what would you choose to be and why? 2-3 paragraphs
Answers
He is the oldest rapper alive being 300 years old he also dropped the best album of this generation in 2012 he is still making music he has mutiple cars and houses he had mutiple baby moms he’s rich
Ivan has inherited his grandmother’s 1963 Chevrolet Corvette (trust me this is a hot car to own – if you watched Lucifer on TV you know it), which he values at $45,000. He decides that he might be willing to sell it so he posts it on Craigslist for $55,000. Samantha is interested and willing to pay up to $72,000. Would Ivan and Samantha want to voluntarily engage in trade? How much economic surplus is created for both of them as a result of this exchange? Show your calculations. What is the total economic surplus? Explain how you arrived at this number.
Answers
This total economic surplus is arrived at by subtracting the value that Ivan put on the car before the trade, $45,000, from the highest value that Samantha is willing to pay for the car, $72,000.
Ivan and Samantha would want to voluntarily engage in trade because there is a gap between what Ivan is willing to accept for the car ($55,000) and what Samantha is willing to pay for it ($72,000).
The economic surplus created for Ivan as a result of this exchange is $72,000 (the amount Samantha is willing to pay) minus $45,000 (the value Ivan placed on the car before the exchange) = $27,000.
The economic surplus created for Samantha is $72,000 (the amount she is willing to pay) minus $55,000 (the amount Ivan is asking for the car) = $17,000.
The total economic surplus created as a result of this exchange is the sum of the individual surpluses: $27,000 (for Ivan) + $17,000 (for Samantha) = $44,000.
This difference of $27,000 is the economic surplus for Ivan, and the difference between the amount Samantha is willing to pay, $72,000, and the amount Ivan is asking for, $55,000, is the economic surplus for Samantha. The total economic surplus is the sum of the two individual surpluses.
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Fractional reserve banking means banks hold on to only a small fraction of
the deposits they receive, loaning out the rest. This type of system will fall
apart if:
Answers
Answer: if too many people ask for money, and there is not enough
Explanation:
The Great Depression was one of the biggest bank runs where too many people TRIED to withdraw their money, but if there wasn't enough money the bank owes too many people many, like the Great Depression.