Requirement 1. Compute the total budgeted manufacturing overhead cost for the upcorning year. (Enter the rates to two decimal places.) The number of parts is now a feasible aflocation base because Data table Trudell recently installed a plantwide computer systern. Trudell produces two wheel models: Standard and Doluxe. Budgeted data for the upcoming year are as follows: FfA (Click the icon to view the additional data.) Read the cegurements. pooming year. (Enter the fates to two decinal piaces.) Budgeted Sell recently installed a plantwide computer system. uces two wheel models: Standard and Deluxe. Bud 1e upcoming year are as follows: (Click the icon to view the additionat (Click the icon to view the additional data.) 3 year. (Enter the rates to two decimal places.) Materials handling Machine setups Insertion of parts Finishing Total budgeted indirect coss 1. Compute the total budgeted manufacturing overhead cost for the upcoming year. 2. Compute the manufacturing overhead cost per wheel of each model using ABC. 3. Compute the company's traditional plantwide overhead rate. Use this rate to determine the manufacturing overhead cost per wheel under the traditional system.
Answers
The total budgeted indirect cost is 258.5. The manufacturing overhead cost per unit is 310.5.
The calculations are given in the image attached below:
The total of all indirect costs incurred during the manufacturing of a product is known as manufacturing overhead (MOH) cost. Along with the expenses of direct materials and direct labor, it is included in the price of the finished product.
The depreciation of equipment, wages paid to factory workers, and electricity used to operate the equipment are typically included in manufacturing overhead costs.
A manufacturer's balance sheet, cost of products income statement, and cost of finished goods in inventory should all reflect production overhead in accordance with generally accepted accounting principles (GAAP).
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Related Questions
Read the case study below. List three other tasks that you think Bill has a to do in order to run Cosy Corner efficiently.
Answers
Based on the information provided, here are three additional tasks that Bill Murray likely has to do in order to run the Cosy Corner Convenience Store efficiently Inventory Management, Pricing and Promotions, and Store Maintenance and Security
1. Inventory Management: Bill needs to manage and track the inventory of products in the store. This involves monitoring stock levels, reordering items when necessary, and ensuring that popular items are always available to meet customer demands. Effective inventory management helps avoid stockouts and ensures that the store is adequately stocked to generate sales and satisfy customer needs.
2. Pricing and Promotions: Bill is responsible for setting competitive prices for the products in his store. This involves analyzing market trends, evaluating competitor prices, and adjusting the prices accordingly. Additionally, he may need to plan and implement promotional activities such as discounts, special offers, or loyalty programs to attract customers and boost sales.
3. Store Maintenance and Security: Bill is likely responsible for maintaining the cleanliness and organization of the store. This includes tasks such as cleaning, arranging products, ensuring proper signage, and creating an appealing shopping environment for customers. He also needs to address any maintenance issues promptly, such as repairing equipment or fixtures. Moreover, Bill must take necessary security measures, such as installing surveillance cameras, maintaining alarm systems, and ensuring the safety of the store premises and its contents.
Efficiently managing these tasks along with the previously mentioned responsibilities allows Bill to ensure smooth store operations, enhance customer satisfaction, maximize sales, and effectively handle the various aspects of running a convenience store as a sole trader.
The question was incomplete, Find the full content below:
The cosy Corner Convenience Store is owned and managed by Bill Murray. It is a sole trader business. Bill has no employees. He works a long day -12 hours usually. As he works alone in the business he has to do all the jobs which are involved in running a busy convenience store. Here is a list of just six of his tasks: ordering new stock, serving customers, going to the bank to pay in cash - he does this on Wednesday afternoons when the shop is closed, arranging shelf displays, keeping all the paperwork up to date, for example to make sure suppliers are paid on time, contacting the local newspaper to arrange an advertisement for the shop. Read the case study above. List three other tasks that you think Bill has to do in order to run Cosy Corner efficiently.
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Steele Corporation has the following information for January, February, and March:
January February March
Units produced 10,000 10,000 10,000
Units Sold 7,000 8,500 10,500
Production costs per unit (based on 10,000 units) are as follows:
Direct materials per unit
$12
Direct labor per unit 8
Variable overhead per unit 6
Fixed overhead per unit 4
Variable selling cost per unit 10
Fixed selling & administrative costs per unit 4
There were no beginning inventories for January, and all units were sold for $50. Costs are stable over the three months. Absorption costing income for March was _____________ than variable costing income.
Answers
Answer:
d. $2,000 less
Explanation:
The computation is shown below:
Particulars January February March
Units beg.
inventory 0 3,000 4,500
Units produced 10,000 10,000 10,000
Units sold -7,000 -8,500 -10,500
Units ending
inventory 3,000 4,500 4,000
Now
= $4 × (4,500 - 4,000)
= $2,000
So, here the income arise from absorption costing should be lower than the variable costing as the inventory is reduced
Bennett Enterprises issues a $672,000, 60-day, 8%, note to Spectrum Industries for merchandise inventory. Assume a 360-day year.
Journalize Bennett Enterprises entries to record:
1. the issuance of the note.
2. the payment of the note at maturity.
b. Journalize Spectrum Industries' entries to records:
1. the receipt of the note.
2. the receipt of the payment of the note at maturity.
Answers
The issuance of the note by Bennett Enterprises:
Note Issued
Notes Payable $672,000
Merchandise Inventory $672,000
This journal entry records the issuance of the note payable for the merchandise inventory. The Notes Payable account is credited for the face value of the note ($672,000), and the Merchandise Inventory account is debited for the same amount.
The payment of the note at maturity by Bennett Enterprises:
Note Paid at Maturity
Notes Payable $672,000
Interest Expense $8,960 ($672,000 * 8% * 60/360)
Cash $680,960 ($672,000 + $8,960)
This journal entry records the payment of the note at maturity. The Notes Payable account is debited for the face value of the note ($672,000), the Interest Expense account is debited for the interest accrued over the 60-day period ($8,960), and the Cash account is credited for the total payment amount ($680,960).
b. Spectrum Industries' entries to record:
The receipt of the note:
Note Received
Notes Receivable $672,000
Merchandise Inventory $672,000
This journal entry records the receipt of the note from Bennett Enterprises. The Notes Receivable account is debited for the face value of the note ($672,000), and the Merchandise Inventory account is credited for the same amount.
The receipt of the payment of the note at maturity:
Note Payment Received
Cash $680,960 ($672,000 + $8,960)
Interest Revenue $8,960 ($672,000 * 8% * 60/360)
Notes Receivable $672,000
This journal entry records the receipt of the payment for the note at maturity. The Cash account is debited for the total payment amount received ($680,960), the Interest Revenue account is credited for the interest earned over the 60-day period ($8,960), and the Notes Receivable account is credited for the face value of the note ($672,000).
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what's the difference between Utility and Marginal Unility?
Answers
Answer:
One is large the other is small
Explanation:
Terrell’s science class volunteers at the pet shelter each week and assists with keeping the puppy cages clean. combining academic work with a community project is an example of _____. a. job shadowing b. service learning c. an internship d. an exploratory interview please select the best answer from the choices provided a b c d
Answers
The correct option is (B) Service learning
Service learning combines formal education with the application of that knowledge in a service-oriented manner. It is a kind of educational philosophy that demands knowledge demonstration from the learner, bridging the cognitive and the affective to improve learning results. It combines intellectual prowess with individual hobbies, enabling students to discover their passion and practice practical approaches to solving challenges in the real world. It is a linked learning experience that touches both thinking and sensation while connecting personal growth to cognitive growth. Students apply the concepts they learn in class to practical issues in order to develop workable solutions that will change society for the better over the long run.
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The electric field in a particular space is with in meters. Consider a cylindrical Gaussian surface of radius that is coaxial with the -axis. One end of the cylinder is at , the other end of the cylinder is at . What is the net charge contained by the cylinder
Answers
The net charge contained by the cylinder is zero. This is because the electric field is perpendicular to the Gaussian surface.
Gauss's law states that the flux of an electric field through a closed surface is proportional to the net charge enclosed by the surface. In this case, the Gaussian surface is a cylinder, and the electric field is perpendicular to the surface. This means that the flux of the electric field through the surface is zero, and the net charge enclosed by the surface must be zero.
The electric field is perpendicular to the Gaussian surface because the electric field is directed along the -axis, and the Gaussian surface is a cylinder coaxial with the -axis. This means that the electric field lines are parallel to the surface of the cylinder, and the flux of the electric field through the surface is zero.
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the buyer of a futures contract is said to have a position, and the seller of a futures contract is said to have a position in futures. a. long; short b. long; long c. short; short d. short; long
Answers
It is said that the seller of a futures contract has a short position in futures and that the buyer of a futures contract has a long position.
A futures contract is an agreement between two parties to buy and sell a certain item at a defined price and quantity at a future date.
Futures are a well-liked tool for risk management and hedging; if someone is already involved in speculating or earns money from it, it is mostly because they wish to protect themselves from danger. Because of the way they are set up and conducted, future contracts have a number of intrinsic benefits over trading shares.
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Which of the following behaviors is likely to be considered unethical?
A) a manager hires a friend rather than a more qualified applicant
B) a manager underpays an employee, knowing that the employee can't afford to quit
C) company executives encourage employees to invest in company stock while withholding information about financial problems
D) an employee accepts a gift from a supplier in return for a large order
E) all of the above
Answers
Answer:
E) all of the above
Explanation:
Unethical behavior is engaging in activities that are considered wrong or improper in society. It entails indulging in behavior that goes against the expected code of conduct in a profession or the workplace. In short, unethical behavior is not doing the right thing.
In the list provided, none of the behaviors is correct or acceptable in the workplace. They are all unethical.
if the real wage rate (adjusted for inflation) declines for the jobs for high school graduates, would the true opportunity cost of attending college or spending on higher education decline?
Answers
If the real wage rate for jobs available to high school graduates declines, the opportunity cost of attending college or spending on higher education would not necessarily decline.
This is because the opportunity cost of attending college includes not only the forgone wages during the years spent in school, but also the cost of tuition and other expenses such as rent. If rent and other living expenses are also rising, then the true opportunity cost of attending college would remain high even if the wage rate for high school graduates is declining. Additionally, investing in higher education may still provide greater earning potential in the long run, even if the initial real wage rate for high school graduates is lower.
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adjusting available capacity by hiring and firing workers to match demand is an example of a(n) strategy.
Answers
Matching capacity with demand through hiring and firing is an example of a capacity adjustment strategy.
Capacity adjustment is a crucial aspect of operations management, particularly in industries with fluctuating demand. One strategy for matching capacity with demand involves adjusting the number of workers employed by a company.
This can be done through hiring new employees or firing existing ones, depending on the level of demand. By doing so, the company can avoid incurring costs associated with excess capacity or lost revenue due to insufficient capacity.
However, this strategy requires careful planning and management to ensure that the company maintains a stable workforce while also meeting demand. Additionally, companies must consider the ethical implications of hiring and firing decisions, particularly with regards to the welfare of their employees.
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Guideline for Global Citizenship and Equity (GCE) Report (weight: 5\%) July 13, 2022 In this group report you are expected to identify any problem/issue/challenge surrounding employee health and safety that would support your personal and social responsibility initiatives at the local, national, or global level. You can ponder any extended issue related to the topic of second group project. As well, you can scan and skim off any idea from the textbook that may help to come up with a possible issue. The preparation of the GCE report involves: - Your (means the group) reflective analysis of the literature about the problem. You should address different perspectives and arguments used in the literature to interpret the problem. - Analysis of the data collected from the various web pages (e.g., corporation, NGOs, and critics). It is important to critically evaluate the statements - you should not simply take for granted what is said as the 'truth'. Be critical and analytical. For example, look for contradictions in the text, compare different texts about the same event and look for different points of view inside the web source. - When writing, although you are the author, if you refer to the ideas of other scholars or commentators, these should be adequately acknowledged. The most important ideas are those that you develop from your interpretation of the literature and your analysis of the data through substantiating your views. - The GCE assignment is the outcome of a complex research process and because it is only 1200 (plus or minus 10% ) and it is expected that you will synthesise the main ideas, arguments from variety of sources. - The presentation of the report is not a description of the company neither is it simply a reproduction of the way the company represents itself. It is the presentation of your analysis of the initiatives the company has taken in relation to the specific issue or research question (the corporation's discourse and its actions) including the history of the corporation is only appropriate if that history is relevant for an understanding of the practices developed by the corporation concerning the problem under investigation. - The conclusion is not a repetition of what you have already said, it is synthesis of the main ideas from your findings and your proposals out of your reflection.
Answers
The Global Citizenship and Equity (GCE) Report is an opportunity for students to explore a problem or issue related to employee health and safety and its implications for personal and social responsibility initiatives at the local, national, or global level. The report should be based on reflective analysis of the literature, analysis of data collected from various web sources, critical evaluation of statements, and synthesis of main ideas and arguments.
Here are some guidelines to follow when preparing the GCE Report:
1. Reflective Analysis of Literature:
- Identify relevant literature sources related to employee health and safety.
- Analyze different perspectives and arguments presented in the literature.
- Interpret the problem based on the information gathered from the literature.
- Develop your own insights and understanding of the problem.
2. Analysis of Web Data:
- Collect data from various web sources, including corporations, NGOs, and critics.
- Critically evaluate the statements and claims made in the web sources.
- Look for contradictions, compare different texts, and consider different points of view.
- Analyze the data to gain a deeper understanding of the issue and its implications.
3. Acknowledging Sources:
- When referring to the ideas of other scholars or commentators, provide proper citations and acknowledgments.
- Use the literature and data to support your own views and interpretations.
- Focus on synthesizing the main ideas and arguments from a variety of sources.
4. Synthesis and Organization:
- As the report has a word limit of 1200 (plus or minus 10%), synthesize the main ideas and arguments from the literature and data.
- Organize your report in a logical and coherent manner, presenting your analysis and findings effectively.
5. Critical Evaluation and Presentation:
- Avoid simply describing the company or reproducing its representation of itself.
- Analyze the initiatives taken by the company in relation to the specific issue or research question.
- Evaluate the company's discourse and actions critically, looking for inconsistencies and contradictions.
6. Conclusion:
- The conclusion should go beyond a repetition of what has already been stated.
- Synthesize the main ideas and findings from your analysis.
- Present your proposals and recommendations based on your reflection and understanding.
By following these guidelines, the GCE Report can serve as an opportunity to delve into a specific problem or issue related to employee health and safety, critically analyze relevant information, and propose meaningful actions for personal and social responsibility at different levels.
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Learning Task No. 3 Direction: Write the advantages ang disadvantages of the following packaging materials. Write your answer on a separate sheet of paper. Types of packaging Materials Advantage/s Disadvantage/s 1. Leaves 2. Vegetable Fibers 3. Wooden Crate 4. Paper 5. Earthenware 6. Glass 7. Plastic 8. Metal
Answers
To identify the advantages and disadvantages of packaging materials it is necessary to analyze the purpose, durability and protection of the product.
What is the best packaging for a product?It will be one that protects the characteristics of the product, is durable and sustainable. Leaves, for example, are safe biodegradable materials for packaging some foods, but they still need more technological development for scale production.
Another example is that vegetable fibers are also sustainable materials but are also being used experimentally in the sustainability awareness phase.
Therefore, the ideal packaging will be one that protects the necessary characteristics of the product and is ecologically sustainable for the protection of the environment.
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Carrie is creating a personal balance sheet. The heading includes the period of time that the balance sheet represents. Which could be the header of Carrie's balance sheet?
Answers
Answer:
The answer is Carrie's Balance Sheet (January 2013)
Explanation:
It is titled Carrie's Balance sheet and it shows the date in the title, it is the only one with a specific month compared to a longer period of time.
Answer:Carrie’s Balance Sheet (January 1, 2021)
Explanation: Got it correct on edge.
Which of the following is not correct? A. The unemployment rate is an imperfect measure of a nation's overall level of economic well-being. B. Most job search in the U.S. economy takes place without intervention by the government. C. Most economists agree that eliminating unemployment insurance would increase the nation's overall level of well-being. D. Other things the same, countries that offer more generous and longer-lasting unemployment insurance benefits are likely to have higher unemployment rates.
Answers
The statement that is not correct is: Most economists agree that eliminating unemployment insurance would increase the nation's overall level of well-being. The correct option is C.
While unemployment insurance may have some negative effects, such as discouraging job search, most economists believe that it plays a crucial role in providing financial support to unemployed individuals, helping to maintain consumer demand and stabilize the economy during recessions.
The other statements, such as A) the unemployment rate being an imperfect measure, B) most job search in the U.S. occurring without government intervention, and D) countries with more generous unemployment benefits likely having higher unemployment rates, are generally considered to be accurate. The correct option is C.
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What are some ways you deal with stress at school or at home? How could you use those techniques in the workplace? PLZZZZZ!!!!
Answers
2. Reward yourself when you are finshed
3. Spend time with friends and family when you have free time
4. Get 8 hours of sleep a night
5. Always eat breakfast and don’t skip any meals.
6. Meditate
7. Get up and stretch your legs if you have a desk job
8. Deep breathing
9. Play relaxing music
10. Reduce your caffeine intake is a big one
Hope this helps :D
Some ways to deal with stress at school or at home is as follows:
1. Stop when you need to.
2. After finishing, treat yourself.
3. When you have free time, spend it with your loved ones.
4. Sleep for eight hours each night.
5. Never miss a meal and never skip breakfast.
6. Reflection
7. If you have a desk job, stand up and stretch your legs.
How to reduce stress at work?The APA poll revealed that individuals who often experience tension or stress at work are more than three times as likely to indicate they plan to look for employment elsewhere in the upcoming year (71% vs. 20%) than employees who don't experience such stress.
Employees who have some degree of autonomy over their work schedules tend to be happier than those who are subject to stricter work-hour regulations. Most employees value having flexible work hours because it allows them to escape traffic, exercise in the morning, or walk their pets before dusk. Allow staff to work from home if the job can be done remotely, or use a hybrid approach if it can.
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(03.04 LC)
Which federal legislation gives consumers the right to know what is in their credit
report?
Answers
Answer:
The Fair And Accurate Credit Transaction Act (FACTA)
Explanation:
What is good example of active listening?
Answers
Answer:
looking directly at the person or thing and paying attention .
Explanation:
my best answer .
Answer:
- Building trust and establishing rapport.
- Demonstrating concern.
- Paraphrasing to show understanding.
- Using nonverbal cues which show understanding such as nodding, eye contact, and leaning forward.
- Brief verbal affirmations like “I see,” “I know,” “Sure,” “Thank you,” or “I understand”
Explanation:
All of these i just typed could really help u with your question ! <3
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Trade discount is given to encourage buyers make purchases in ____ quantities.
Answers
Answer:
Bulk
Explanation:
Trade discount is the reduction in the retail price of products that arises from bulk sales or purchases.
jane was a partner at a law firm earning $223,000 per year. she left the firm to open her own law practice. in the first year of business she generated revenues of $347,000 and incurred explicit costs of $163,000. jane's economic profit from her first year in her own practice is
Answers
Jane declined three jobs before deciding to start her economics Profit own firm, thus her opportunity cost is equal to the total of the earnings from the three positions she declined, which comes to $115,000 jane economics Profit is $5000.
After deciding to launch her own company, Jane makes a $50,000 accounting profit in the first year.
In order to start her own firm, she declined three job offers with wages of $30,000, $40,000, and $45,000.
Since the opportunity cost in this situation is the price of forgoing the second-best option, it is $45,000.
Implicit or opportunity costs are not taken into account by accounting profit. However, the implicit cost is taken into account when calculating economic profits. Accounting profit minus economic profit minus implicit cost equals $5,000 $50,000 - $45,000 = $5000.
Complete question:
jane was a partner at a law firm earning $223,000 per year. she left the firm to open her own law practice. in the first year of business she generated revenues of $347,000 and incurred explicit costs of $163,000. jane's economic profit from her first year in her own practice is the profit?
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the tools used by grizzlies' marketers to promote the team and accomplish their communications objectives are called
Answers
When used to promote the team and achieve the goals of team communication, the promotion mix is a collection of techniques that is most beneficial.
A promotion mix is a term or concept that refers to a promotion that a company does to encourage open communication among its teams.
The best ways to promote it are through public relations work and direct marketing. Marketers for the Grizzlies can leverage the many elements of the promotion mix as a powerful tool for communication.
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When both the Supply and Demand curves increase, then: A. The equilibrium price will certainly increase. We cannot predict what the movement might be for the equilibrium quantity, unless we look at the relative shifts of the two D. curves B. Both the equilibrium quantity and equilibrium price will certainly increase (i.e., regardless of the relative shifts of the two curves) C. The equilibrium quantity will certainly increase. We cannot predict what the movement might be for the equilibrium price, unless we look at the relative shifts of the two curves D. Both the equilibrium quantity and equilibrium price will certainly decrease (i.e., regardless of the relative shifts of the two curves)
Answers
When both the supply and demand curves increase, then both the equilibrium quantity and equilibrium price will certainly increase (i.e., regardless of the relative shifts of the two curves). So, option b is correct.
Law of demand: The law of demand states that the quantity of a good demanded falls as the price rises, all other things being equal. In simple terms, if the price of a commodity is increased, people will demand less of it and vice versa.
Law of supply: The law of supply states that an increase in price leads to an increase in the quantity supplied and a decrease in price leads to a decrease in the quantity supplied, all other things being equal. Thus, when the price of a commodity increases, suppliers would be more willing to supply more of it. So, option b is correct.
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waht do an engineer and an architect do?
Answers
A high degrees of class consciousness in societies can be disruptive within industries, which can often lead to
Answers
It should be noted that high degrees of class consciousness in societies can be disruptive within industries, which can often lead to an increase in the costs of production.
What is class consciousness?Class consciousness can be regarded as the segregation in the society, it is the placing of individuals to different class.
However, this can often lead to an increase in the costs of production because of segregation.
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A person or an organization that helps another organization sell its goods and services to customers is called a(n) ______.
Answers
A person or an organization that helps another organization sell its goods and services to customers is called a(n) distributor.
What is services to customers ?
Customer service today is providing proactive and prompt assistance to clients whenever they need it via the channel of their choosing, including . Customer service is now seen by enterprises across industries as a strategic function due to how crucial it is.
Therefore
A person or an organization that helps another organization sell its goods and services to customers is called a(n) distributor.
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Question #4
Multiple Choice
Values are principles that typically guide or influence an individual's decision-making process. Two
areas of life most often affected or influenced by values include
emotions and reactions
decisions and responses
physical health and feelings
attitudes and behaviors
Answers
The two spheres of life that are most frequently impacted or altered by values are attitudes and behaviors. The correct response is option (4).
Define attitudes and behaviors.An individual's attitude is defined as their mental perspective, or how they feel or think about someone or something. Behavior describes the actions, motions, conduct, or behaviors of an individual or a group toward other individuals. built upon. Experience and observation.
When people put more focus on their own attitudes and feelings, they tend to act more in line with those feelings, therefore there is a link between attitude and behavior. Additionally, when people feel greater responsibility for their individual actions rather than the actions of a collective, their opinions are more consistent with their behavior.
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What is the ordinary simple interest, if there's 15% rate of
interest 15% on P7,000 for 8 mos. and 15 days
Answers
The ordinary simple interest on a principal amount of P7,000 at a 15% annual interest rate for a period of 8 months and 15 days is P738.04.
To calculate the ordinary simple interest, we need to determine the time period in years and calculate the interest based on the principal amount and the interest rate. The given time period is 8 months and 15 days, which can be converted to years by dividing it by 12 (months in a year).
Thus, the time period is approximately 0.708 years (8 months + 15 days / 30 days per month / 12 months). Next, we calculate the interest by multiplying the principal amount (P7,000) by the interest rate (15%) and the time period (0.708). Therefore, the interest is P7,000 * 0.15 * 0.708 = P738.04.
Hence, the ordinary simple interest on a principal amount of P7,000 at a 15% annual interest rate for a period of 8 months and 15 days is P738.04.
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Carolyn bates is a junior in college studying economics. She has created a new software application that applies the four principles of economic decision making to any potential decision that a user faces. She is considering leaving school after this academic year to pursue further development of her app. Carolyn should consider all of the following costs when calculating the opportunity costs of leaving college except the.
Answers
Carolyn should consider all of the following costs when calculating the opportunity costs of leaving college except the skills she may gain from her final year of economics courses.
The next best option you have to forgo in order to obtain something is its true cost. Instead of only considering the direct costs, your choices should take this opportunity cost into account.
Opportunity cost is the advantage that was lost because a particular option was not selected.
It is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs.
Opportunity costs have a value that can help people and businesses make more lucrative decisions.
Opportunity cost is a wholly internal expense that is only utilised for strategic consideration; it is not included in accounting profit and is not reported externally.
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If you begin investing at age 25 instead of age 20, how much more do you need to invest per month to have $1M at retirement?
Answers
Answer:
1000 dollars
Explanation:
Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
Answers
Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
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Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
__________________________________________________________
This is 100% right because I took the test
Go to explanation for picture with answers
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Explanation:
Here's the picture and I hope this helped!
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The following are major factors in multinational cost of capital except: Group of answer choices Extent of international diversification of firm. Access to international capital markets. Size of the firm. Exposure to country risk. Exposure to credit risk or interest rate risk.
Answers
Answer:
Exposure to credit risk or interest rate risk.
Explanation:
Cost of capital refers to the average cost of equity and debt and this provides an insight into the capital structure of the company. Major factors affecting the cost of capital include;
a. The extent of international diversification: This will impact the possibility of the firm going bankrupt.
b. Access to international capital markets: These multinational companies have more access to reduced costs that stem from foreign financial support.
c. Size of the firm: The larger size of the firms will make these firms get more considerations from creditors.
d. Exposure to country risk: The risk of expansion also might lead to bankruptcy if things are not properly managed.