The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August.
Costs:
Actual labor rate $12 per hour
Actual materials price $190 per ton
Standard labor rate $11.50 per hour
Standard materials price $193 per ton
Quantities:
Actual hours incurred and used 4,100 hours
Actual quantity of materials purchased and used 1,500 tons
Standard hours used 4,140 hours
Standard quantity of materials used 1,490 tons
Required:
(a) Compute the total, price, and quantity variances for materials and labor.
Answers
Answer:
Total Materials Variance = $2,570 Favorable
Materials Price Variance = $ 4,500 Favorable
Materials Quantity Variance = $ 1,930 Unfavorable
Total Labor Variance = $ 1,590 Unfavorable
Labor Price Variance = $ 2,050 Unfavorable
Labor Quantity Variance = $ 460 Favorable
Explanation:
Find the given attachments
Related Questions
How to become a firefighter. I want to become one.
Answers
Answer:
-valid driver's license
- 18 years old or more (for younger than 18 you can look into limited involvement as a junior firefighter.)
- At least a high school diploma or GED.
- pass the physical ability test.
- Pass the written exam
- pass the interview
-You’ll still need to attend a department’s academy once hired
(may be differnt depending on your state, country, etc)
<3
A coupon bond pays annual interest, has a par value of $1,000, matures in four years, has a coupon rate of 10%, and has a yield to maturity of 12%. The current yield on this bond is
Answers
Answer:
10.65%.
Explanation:
Calculation to determine what The current yield on this bond is
First step is to determine the Present value (PV) using Financial calculator
FV = 1000
n = 4
PMT =10%*$1,000= 100
i = 12
PV=?
Hence,
PV = 939.25
Now let determine the Current yield
Current yield = $100/$939.25
Current yield = 10.65%
Therefore The current yield on this bond is 10.65%
The owners of a small manufacturing concern have hired a vice president to run the company with the expectation that she will buy the company after five years. In this initial contract, compensation of the new vice president is a flat salary plus 75% of the first $150,000 profit, then 10% of profit over $150,000. The initial contract also stipulates that, after a five-year period, the purchase price of the company will be 4.5 times earnings (profit), computed as average annual profitability over the next five years. Assume the company will be worth $10 million in five years. The goal of the owners of the firm is to maximize profits.
A contract that fixes the purchase price of the firm after five years at $2 million would make the incentives of the vice president more aligned with the goals of the firm, compared with the original contract.
Answers
By fixing the purchase price of the firm at $2 million after five years, the vice president is incentivized to maximize profits during her tenure in order to maximize her return on investment.
This is because the higher the profits of the firm, the more valuable the firm will be in the future and the more money the vice president will make when she eventually buys the company. In the original contract, the vice president is only incentivized to make the first $150,000 in profits, after which her incentives become much less aligned with the goals of the owners of the firm.
To know more about profits here
https://brainly.com/question/15036999
#SPJ4
How should you award bonuses when someone falls short of a stretch goal?
Select an answer:
a) Give them zero they didn't hit the goal
b) Give them 50% of the possible bonus for trying
c) Give them the full possible bonus since they at least met the commit goal
d) Give them a pro rata amount for how much above the commit goal they went
Answers
Give them 50% of the possible bonus for trying: award bonuses when someone falls short of a stretch goal. Thus, option C is the correct option.
A stretch objective is one that requires a lot of work and risk. It is purposefully placed above average norms to draw astronomical rewards, chances, and experience. Stretch objectives are not anticipated to be entirely met.
They are intended to stimulate development and combat team complacency. Reaching a stretch goal is seen as great performance. It shouldn't be viewed as low performance when it is missed. Stretch objectives are consciously made to be out of reach.
Learn more about stretch goal here:
https://brainly.com/question/5245287
#SPJ1
Which negative quality does Deborah exhibit?
Deborah believes that people of other races are inferior to her. She treats them with disdain and does not miss an opportunity to abuse them. Deborah is (BLANK)
this is a question on edmentum btw if anyone has answered it i would really appreciate it
Answers
Based on the given information, Deborah exhibited a negative quality of racism.
What is racism?Racism refers to as a negative quality characterized by prejudice, discrimination, or antagonism directed against people who belong to a particular race or ethnic group.
In the scenario given, Deborah believes that people of other races are inferior to her and treats them with disdain, which suggests that she holds prejudiced attitudes towards individuals based on their race. Her behavior of abusing them also suggests that she discriminates against them by treating them unfairly and disrespectfully.
In this 21st century, racism supposed to be things of the past and government of different countries should put measures in place that racist are dealt with accordingly.
Learn more on racism on https://brainly.com/question/28780655
#SPJ1
Your firm is contemplating the purchase of a new $684,500 computer-based order entry system. The system will be depreciated straight-line to zero over its 5-year life. It will be worth $66,600 at the end of that time. You will be able to reduce working capital by $92,500 (this is a one-time reduction). The tax rate is 21 percent and your required return on the project is 21 percent and your pretax cost savings are $203,750 per year. At what level of pretax cost savings would you be indifferent between accepting the project and not accepting it?
Answers
Answer:
total pretax annual savings = $210,941.06
Explanation:
initial outlay (year 0) = -$684,500 (cost of computer system) + $92,500 (reduction of net working capital) = -$592,000
depreciation expense per year = $684,500 / 5 = $136,900
net after tax cash value = $66,600 x (1 - 21%) = $52,614
net cash flows years 1 - 4 = [($203,750 - $136,900) x 79%] + $136,900 = $189,711.50
net cash flow year 5 = $189,711.50 + $52,614 = $242,325.50
using a 21% discount rate, the NPV = -$16,622.15
Since the NPV is negative, that means that the annual cost savings are not high enough to accept the project.
the point where the company would be indifferent between accepting or rejecting the project is when NPV = 0
this means that net cash flows must increase by $16,622.15 / 2.92595 (PV annuity factor, 21%, 5 periods) = $5,680.94
this is an after tax number, but a pretax annual cost saving = $5,608.94 / 0.79 = $7,191.06
total pretax annual savings = $203,750 + $7,191.06 = $210,941.06
net cash flows years 1 - 4 = [($210,941.06 - $136,900) x 79%] + $136,900 = $195,392.44
net cash flow year 5 = $195,392.44 + $52,614 = $248,006.44
NPV = 0
QUESTION 3 of 10: Mill rate is the tax rate that is applied to the assessed value of a real estate property by a municipality. Your tax is
calculated by multiplying the mill rate by the assessed value of a property and dividing by 1,000. If your town's mill rate is 8 and your
assessed home value is $188,000, how much will your town tax bill be?
Answers
Answer:
1,504
Explanation:
Trust me
The town's tax bill given the mill rate and the assessed value of a property is $1.504.00
What is the town tax bill?The mill's rate the amount of tax that would be paid per dollar of the assessed value of a property.
Town tax bill = (mill rate x assessed value) / 1000
(8 x 188,000) / 1000 = $1,504
To learn more about taxes, please check: https://brainly.com/question/25311567
#SPJ2
The accounting effects of inventory sales across companies within a consolidated entity are removed when preparing consolidated financial statements because:_______
Answers
Answer:
The accounting effects of inventory sales across companies within a consolidated entity are removed when preparing consolidated financial statements because:
- usually from a consolidated statements, transactions with outside parties are only reflected.
- usually from a consolidated perspective, there is neither a sale nor a purchase has occurred.
Select a current issue in Corporate Governance and write a 3 to 5 page paper that discusses why it is important and how it should be resolved.
Answers
Corporate governance refers to the rules and regulations, processes, and controls that businesses utilize to manage and operate effectively. The primary goal of corporate governance is to protect the interests of shareholders while also considering the interests of other stakeholders, including customers, employees, suppliers, and society as a whole.
One of the most critical components of corporate governance is ethics. Ethics is critical in business operations because it establishes trust and credibility among customers and other stakeholders.
A current issue in corporate governance that requires attention is the lack of diversity on corporate boards. Board diversity refers to the inclusion of people with various backgrounds, experiences, and perspectives on a company's board of directors.
The lack of diversity on corporate boards has been an issue for many years, but it has recently gained more attention due to the social unrest and inequalities highlighted by the Black Lives Matter movement.
The importance of board diversity cannot be overstated. The benefits of board diversity include broader perspectives, more effective decision-making, and better corporate performance. Diverse boards provide better representation for all stakeholders, including employees, customers, and suppliers.
There are several ways in which board diversity can be addressed. One of the most effective methods is through mandated quotas or targets. For instance, some countries have introduced laws that require a certain percentage of women to be included on boards.
Other methods include expanding the pool of potential board members by recruiting from diverse backgrounds or providing education and training to underrepresented groups.
In conclusion, board diversity is a critical issue in corporate governance. It is important to have diversity on boards to ensure that all stakeholders are represented and that decision-making is effective.
Various methods can be employed to achieve board diversity, including mandated quotas or targets, recruiting from diverse backgrounds, and education and training. The inclusion of board diversity will not only benefit the company but also the broader society.
For more question on stakeholders
https://brainly.com/question/15532995
#SPJ8
You tell Julia, "There's always improvement to be made as we grow, beginning with me." She looks at you and smiles. You're not certain if her smile is genuine, but you know there are things you can do to improve your leadership skills as well as things you can do to equip the organization to run well as you develop those skills. What might you do to help your organization?
Answers
To help improve the organization, the leader can focus on developing their own leadership skills while also equipping the organization to run effectively.
This can be achieved by seeking feedback from employees, providing training and professional development opportunities, delegating responsibilities to trusted team members, and fostering a positive and collaborative work environment.
By seeking feedback from employees, the leader can identify areas for improvement and make necessary adjustments to their leadership style. Providing training and development opportunities can help employees grow in their roles and contribute to the success of the organization. Delegating responsibilities to trusted team members not only lightens the leader's workload, but also empowers employees and allows them to develop their own leadership skills. Finally, fostering a positive and collaborative work environment can boost morale and productivity, leading to greater success for the organization as a whole.
To know more about leadership skills, here
https://brainly.com/question/30161732
#SPJ1
which of the following statements is correct?
A. The average annual growth rate of real GDP was higher in the United Kingdom than in the United States between the late 1800s and 2010. B. In the late 1800s, real GDP per person was higher in the United Kingdom than in the United States. C. In 2010, real GDP per person was higher in the United Kingdom than in the United States. D. All of the above are correct.
Answers
In the late 1800s, real GDP per person was higher in the United Kingdom than in the United States is correct. This concludes that the correct answer is B.
Gross Domestic Product (GDP) is a monetary measure of the market value of all final goods and services produced and sold by a country in a given period of time. Due to its complexity and subjectivity, this metric is often changed before it can be considered a reliable guide.
On the other hand, (nominal) GDP per capita does not take into account differences in cost of living and inflation rates between countries. Therefore, using GDP per capita at purchasing power parity (PPP) is more useful when comparing living standards between countries, and nominal GDP is more useful when comparing national economies on international markets.
Hence the correct option is B
To know more about GDP here-
https://brainly.com/question/30111703
#SPJ4
Im Doing A resume and they Need A real legit credit Card Number and Cvc ANd when it expires For My resume It's worth 100% of my grade Plz helps
Answers
Answer:
alex do u realize ur question is litterally against the law
Explanation:
quit being a j erk, and lets talk this out
McBurgers Inc. noticed brown pellets in some areas of
their kitchen. They assume that it is a sign of pest
infestation. What action should they take?
Check all that apply:
Store food away from walls and dispose of trash
regularly.
Change humidity, light, and temperature conditions
in the whole food service area.
Block all entry points to prevent pests from entering
the kitchen or other storage areas.
Sweep the pellets away and clean the floor with
water and a cleaner and apply floor sanitizer.
Submit Answer
Answers
The action that they should take are:
Store food away from walls and dispose of trash regularly.Change humidity, light, and temperature conditions in the whole food service area.Block all entry points to prevent pests from entering the kitchen or other storage areas.Sweep the pellets away and clean the floor with water and a cleaner and apply floor sanitizer.What is pest infestation?Pest Infestation is the state of being invaded or overrun by pests or parasites.
To avoid pest infestation, it is important to keep the house clean.
Learn more about pest on:
https://brainly.com/question/11050545
#SPJ1
Ms. Goodwin spends her day studying the production, distribution, and consumption
of goods and services. Ms. Goodwin most likely works as a(n):
A) Economist for the government
B) Loan officer at a national bank
C) Production manager at Microsoft
D) Distribution manager at Best Buy
Answers
Ms. Goodwin most likely works as an economist for the government.
Economics is a branch of social science that studies production, consumption, and transfer of wealth.
Branches of economics
Macroeconomics studies how the economy function. Economic aggregates such as inflation, unemployment, GDP and growth rate are examined here Microeconomics studies the economic decisions of firms and individuals.Ms. Godwin is studying economic variables, so she is most likely an economist. Also, she is studying macroeconomic variables, so she is not working for a firm but rather she is working for the government.
To learn more about economics, please check: https://brainly.com/question/12382767?referrer=searchResults
Maintaining
the general day-to-day
operations of a business is an example
of which field?
A. Finance and Economics
B. General Business Management
C. Communications Management
Answers
Hey everyone, I have a question about budget lines and indifference curves in relation to government subsidies.
A government subsidy programme lowers the price of food to poor consumers from $3 per unit to $2 per unit. Assume that food and “all other goods” (AOG) are both normal goods for the typical poor consumer, who has a budget of only $12. Let the price of AOG be $1. (My graph is attached)
Question: Indicate on your graph how much the program costs the government for the representative consumer.
Can you please explain it to me, I’m very confused. Would it be from A to C? I just don’t know why.
Thank you in advance :)
Answers
The cost of the subsidy program for the representative consumer would be $6.
How to determine the costIn this scenario, we have a government subsidy program that reduces the price of food for poor consumers from $3 per unit to $2 per unit. The typical poor consumer has a budget of $12 and faces a price of $1 for all other goods (AOG).
To determine the cost of the subsidy program for the representative consumer, we need to consider the quantity of food that the consumer can purchase before and after the subsidy.
Before the subsidy:
With a budget of $12 and food priced at $3 per unit, the consumer can afford to purchase $12 / $3 = 4 units of food.
After the subsidy:
With the subsidy reducing the price of food to $2 per unit, the consumer can now purchase $12 / $2 = 6 units of food.
The difference in the quantity of food purchased before and after the subsidy is 6 - 4 = 2 units.
To calculate the cost of the subsidy program, we multiply the additional quantity of food (2 units) by the original price of food ($3 per unit):
Cost of the subsidy = 2 units * $3 per unit = $6.
Therefore, the cost of the subsidy program for the representative consumer would be $6.
Read mroe on subsidy program here https://brainly.com/question/29670273
#SPJ1
If Long-term debt to total assets ratio = 0.30 and total liability = $45000 and total assets =
$120000. The Long-term debt equal
Answers
Answer:
C
Explanation:
If Long-term debt to total assets ratio = 0.30 and total liability = $45000 and total assets =
$120000. The Long-term debt equalj
A firm operates in perfectly competitive market. The market price of its product is 6 birr and the cost function is given by 1/3Q3-5Q2+20Q+50, where TC is total cost and Q is the level of output. A. What level of output firm should the firm produce to maximize its profit? B. Determine the level of profit at equilibrium C. What a minimum price is required by the firm to stay in the market?
Answers
To maximize profit in a perfectly competitive market, the firm should produce at the output level where marginal cost (MC) equals the market price (P).
The total cost (TC) function is given as:
TC = 1/3Q^3 - 5Q^2 + 20Q + 50
To find the marginal cost, we need to take the derivative of the total cost function with respect to Q:
MC = dTC/dQ = Q^2 - 10Q + 20
A. To maximize profit, set MC equal to the market price (P) and solve for Q:
Q^2 - 10Q + 20 = 6
Q^2 - 10Q + 14 = 0
Solving this quadratic equation will give us the level of output (Q) that maximizes profit. Using the quadratic formula, we find:
Q ≈ 2.34 or Q ≈ 7.66
Since Q represents the level of output, it cannot be a fraction or negative value in this context. Therefore, the firm should produce approximately 7 units of output to maximize profit.
B. To determine the level of profit at equilibrium, we need to calculate total revenue (TR) and subtract total cost (TC) at the output level where MC = P.
TR = P * Q
TR = 6 * 7 = 42
Profit (π) = TR - TC
Profit (π) = 42 - TC
To calculate the specific level of profit, we need the total cost equation. Substituting the value of Q into the TC equation, we can find the total cost at equilibrium.
C. To determine the minimum price required by the firm to stay in the market, we need to consider the level of average variable cost (AVC). If the price falls below AVC, the firm would be better off shutting down in the short run.
AVC = TVC / Q
AVC = (TC - TFC) / Q
However, the total fixed cost (TFC) is not provided in the given information. Without the TFC value, we cannot determine the minimum price required to stay in the market.
Therefore, we can answer parts A and B, but we cannot determine the minimum price required to stay in the market without the total fixed cost (TFC) information.
Problem-6; (chapter 3) SS Ltd. obtained significant influence over YY Ltd by buying 30% of Y's 100,000 outstanding ordinary shares at a cost of Br 18 per share on January 1, 2022. On May 15, YY declared and paid a cash dividend of Br 150,000. On December 31, YY reported net income of Br 270,000 for the year. (a) record acquisition of shares (a) record revenue and dividends
Answers
(a) Record acquisition of shares: Investment in YY Ltd. Dr. Br 540,000, Cash Cr. Br 540,000.
(a) Record revenue and dividends: Dividend Receivable Dr. Br 45,000, Revenue from Investment in YY Ltd. Cr. Br 45,000; Investment in YY Ltd. Dr. Br 81,000, Revenue from Investment in YY Ltd. Cr. Br 81,000.
(a) To record the acquisition of shares by SS Ltd. on January 1, 2022:
Investment in YY Ltd. (30% of 100,000 shares * Br 18) Dr. Br 540,000
Cash Cr. Br 540,000
This journal entry records the purchase of 30% of YY Ltd.'s outstanding shares for a total cost of Br 540,000.
(b) To record revenue and dividends for the year:
On May 15, YY Ltd. declared and paid a cash dividend of Br 150,000. This dividend represents the portion of the company's earnings that will be distributed to its shareholders.
Dividend Receivable Dr. Br 45,000 (30% of Br 150,000)
Revenue from Investment in YY Ltd. Cr. Br 45,000
This entry recognizes the dividend revenue earned by SS Ltd. from its investment in YY Ltd.
On December 31, YY Ltd. reported net income of Br 270,000 for the year. As SS Ltd. has significant influence over YY Ltd., it needs to adjust its investment account for its share of the net income.
Investment in YY Ltd. Dr. Br 81,000 (30% of Br 270,000)
Revenue from Investment in YY Ltd. Cr. Br 81,000
This entry records the revenue earned by SS Ltd. from its share of YY Ltd.'s net income.
For more question on Investment visit:
https://brainly.com/question/29547577
#SPJ8
What particular activities are involved in the enterprise's internal operational scope?
Answers
Answer:
A business internal operational scope is related to the dailya activities of the different business divisions that any company has:
Explanation:
The Marketing Department has operations like elaborating market studies, selling, and promoting products.
The Human Resources Department has operations like recruiting and training personnel.
The Operations department has operations related to the production process of the company (for a manufacturing firm)
And the Financial department has operations related with accounting and obtaining funds for the firm.
On June 1, 20X1, Conner Company, a new firm, paid $5,880 rent in advance for a seven-month period. The $5,880 was debited to the Prepaid Rent account. On June 1, 20X1, the firm bought supplies for $7,150. The $7,150 was debited to the Supplies account. An inventory of supplies at the end of June showed that items costing $2,900 were on hand. On June 1, 20X1, the firm bought equipment costing $47,520. The equipment has an expected useful life of 9 years and no salvage value. The firm will use the straight-line method of depreciation. Prepare end-of-June adjusting entries for Conner Company.
Answers
A current asset representing the cost of supplies on hand at a point in time. The account is usually listed on the balance sheet after the Inventory account. A related account is Supplies Expense, which appears on the income statement.
No Account and explanation Debit Credit
1. Rent expense ($4,300/5) $860
Prepaid rent $860
(To record adjusted rent expense)
2. Supplies expense (7,250-2,950) $4,300
Supplies $4,300
(To record adjusted supplies)
3. Depreciation expense $460
[(44,160/8)/12]
Accumulated depreciation $460
(To record depreciation)
Learn more about Supplies Expense,
https://brainly.com/question/29993574
#SPJ1
operations management course concept
Answers
The operations management course concept refers to the systematic design, direction, and control of the processes that transform inputs such as raw materials, energy, and labor into outputs such as goods and services that satisfy customer needs.
This management process includes inventory management, scheduling, supply chain management, quality control, and more. The goal of operations management is to create efficient processes that maximize productivity while minimizing costs.
Students taking an operations management course learn about these concepts and how to apply them to real-world situations in various industries. They also study topics like process design, project management, lean principles, and decision-making models.
The course is usually offered as a part of business administration, engineering, or industrial technology programs. Graduates of the course may go on to careers as operations managers, logistics managers, supply chain analysts, process improvement specialists, or manufacturing engineers, depending on their areas of focus and interests.
For more questions on: customer
https://brainly.com/question/15096946
#SPJ8
Which is a type of insurance to avoid?
O Identity theft insurance
O Disability insurance
O Long-term care insurance
O Mortgage insurance
Answers
Answer:Identity theft insurance
Explanation:
Fill in the "description" column for the below table by mentioning if it is elastic, inelastic or unit
elastic.
Price
$2.0
$3.0
$4.0
$5.0
$6.0
$7.0
$8.0
$9.0
Quantity
20
18
16
14
12
10
8
6
Total Revenue
(Price x
Quantity)
$40
$54
$64
$70
$72
$70
$64
$54
Slope Point Elasticity Description
-2.00
$0.10
-0.20
-2.00 $0.17
-0.33
-2.00
$0.25
-0.50
-2.00
$0.36
-0.71
-2.00
$0.50
-1.00
-2.00 $0.70
-1.40
-2.00
$1.00
-2.00
-2.00
$1.50
-3.00
Answers
Answer:
Explanation:
Price Quantity Total Revenue Description
$2.0 20 $40 Elastic
$3.0 18 $54 Elastic
$4.0 16 $64 Elastic
$5.0 14 $70 Unit Elastic
$6.0 12 $72 Inelastic
$7.0 10 $70 Inelastic
$8.0 8 $64 Inelastic
$9.0 6 $54 Inelastic
The description for each value is as follows:
-2.00: Elastic
-0.20: Inelastic
-0.33: Inelastic
-0.50: Inelastic
-0.71: Inelastic
-1.00: Elastic
-1.40: Elastic
-2.00: Elastic
What defines the elasticity of the demand?To determine whether the demand is elastic, inelastic, or unit elastic, there is need to look at the absolute value of the slope of the point elasticity.
Price Qty Total Rev Slope Point Elast. Des.
$2.0 20 $40 -2.00 Elastic
$3.0 18 $54 -0.20 Inelastic
$4.0 16 $64 -0.33 Inelastic
$5.0 14 $70 -0.50 Inelastic
$6.0 12 $72 -0.71 Inelastic
$7.0 10 $70 -1.00 Elastic
$8.0 8 $64 -1.40 Elastic
$9.0 6 $54 -2.00 Elastic
Based on the given values, it is seen that when the absolute value of the slope of the point elasticity is less than 1, it indicates inelastic demand. When it is exactly 1, it represents unit elastic demand. And when it is greater than 1, it indicates elastic demand.
Therefore, the description for each value is as follows:
-2.00: Elastic
-0.20: Inelastic
-0.33: Inelastic
-0.50: Inelastic
-0.71: Inelastic
-1.00: Elastic
-1.40: Elastic
-2.00: Elastic
learn more about elastic demand: https://brainly.com/question/1048608
#SPJ1
if X and Y are complementary angles, SinX=15/17 and Cos X=8/17 find tan X
Answers
sin Y = opp / hyp = 8/17 = 0.4706
cos Y = adj / hyp = 15/7 = 0.8824
tan Y = opp / hyp = 8/15 = 0.5333
82) At the current price of $2, how much does the firm want to produce?
83) At the current price of $2 what is the surplus or shortage in this industry?
84) At what price will the market be in equilibrium?
85) What will be the quantity supplied by each firm at this equilibrium?
86) What will the firms profit be at equilibrium?
87) In the long-run will the industry stay at this equilibrium?
Answers
Answer:
84) The equilibrium is the only price where quantity demanded is equal to quantity supplied. At a price above equilibrium, like 1.8 dollars, quantity supplied exceeds the quantity demanded, so there is excess supply.
85) The equilibrium price and quantity are where the two curves intersect. The equilibrium point shows the price point where the quantity that the producers are willing to supply equals the quantity that the consumers are willing to purchase. This is the ideal quantity to supply
86) The existence of economic profits attracts entry, economic losses lead to exit, and in long-run equilibrium, firms in a perfectly competitive industry will earn zero economic profit.
87) The industry is in long-run equilibrium when a price is reached at which all firms are in equilibrium (producing at the minimum point of their LAC curve and making just normal profits). Under these conditions there is no further entry or exit of firms in the industry, given the technology and factor prices.
Explanation:
i dont know 82 or 83 sorry
1. What is productivity? What is the difference between production and productivity?
(1 point)
Answers
Answer:
production is when you create things. productivity is how well the product works, or how well it performs.
plz give brainliest
Answer:
Production is defined as the process of producing goods from raw materials. On the other hand, productivity is defined as the process of producing goods and services efficiently.
In 2011, the start of the National Basketball Association's season was delayed when the team owners and the
National Basketball players' Association, a union of players, could not agree to a contract. Why would NBA
players, who make huge salaries that average in the millions of dollars, want to belong to a labor union?
A. Because very few people know how to play basketball
B. To be able to bargain more effectively with team owners
C. To show their solidarity (togetherness) with other American workers
D. To get together socially during the off-season
Answers
B. To be able to bargain more effectively with team owners
The NBA players, who make huge salaries that average in the millions of dollars, want to belong to a labor union and not agreed to a contract . So that to be able to bargain more effectively with team owners. Thus option (B) is correct.
What is a Contract?A contract can be written or verbal agreement between two or more parties that includes terms and conditions, which creates a legal obligation on the parties of the contract.
The terms of a contract are enforceable by law, which properly defines penalties and remedies if there is breach of contract. A breach of contract is a failure, without legal excuse, to perform any parts of the contract.
So to bargain more effectively with team owners the NBA did not make a contract with the team owners because a contract is legally binding on the parties who makes contract with each other. Therefore option (B) is correct.
Learn more about Contract here:
https://brainly.com/question/24191862
#SPJ2
list the types of associations that should be included in every succesful network
Answers
Answer:
personal, professional, organizational, opportunistic, and online
Explanation:
A household consist of a married couple, their twin 3-year-old sons, and their twin 8-year-old son’s. The couples children had no income and live with their parents all of last year. How many exemptions can a couple claim on the last year’s tax return if they file with the married file jointly status.
A. 5
B. 6
C. 3
D. 4
Answers
The family consists of a wife and husband as well as 3- and 8-year-old identical twin children. The children of the marriage qualified for five tax exemptions because they spent the whole previous year home with its parents and receiving no income.
What tax benefits are there for married couples?Its Earned Income Tax, Child and Dependency Care Tax Credit, American Achievement and Lifetime Learning Learning Tax Credits are just a few of the tax credits that wedded couples filing jointly might well be eligible for that they would not otherwise be if they filed separately.
What's the distinction between filing status and separately as a married couple?When both you and your partner file your taxes jointly, all of your income and deductions are included on one tax return. When you file your taxes separately as a married couple, you split your income and deductions.
To know more about Tax Visit:
https://brainly.com/question/12611692
#SPJ1