By offering more generous unemployment insurance programs, European countries can expect Group of answer choices longer periods of unemployment for their workers. shorter periods of unemployment for their workers. workers to gain new skills quickly in response to fluctuations in the labor market. to pay less in taxes than in the United States.

Answers

Answer 1

Answer:

Longer periods of unemployment for their workers.

Explanation:

Unemployment is when people who are willing and able work do not have jobs

Types of unemployment

structural unemployment is an unemployment that occurs as a result of changes in the economy. These changes can be as a result of changes in technology, polices or competition. Structural unemployment tends to be permanent.  

Frictional unemployment:  the period of time a person is unemployed from the period he leaves his current job and the time he gets another job. Eg. when a real estate agent who leaves a job in Texas and searches for a similar, higher-paying job in California.

Voluntary unemployment: e.g. worker at a fast-food restaurant who quits work and attends college.

Cyclical unemployment: it occurs as a result of fluctuations in the economy. Unemployment would be high in a downturn and low in a boom  

If a government gives generous unemployment insurance programs, there would be less incentive to find jobs because one of the main reasons why people would want to work is to have money. If the government provides generous pay to the unemployed, there would be less motivation to work and unemployment increases


Related Questions

Why are accountability and trust so important in using emerging technologies? ​

Answers

Answer:

lows immediate reconciliation, improves the integrity of data and generates trust because it allows participants to provide increased transparency to stakeholders and gain control of their own operations in a digital environment

In attempting this merger between Comcast and Time Warner, their executives were trying to fulfill their overriding goal as managers. which of the following best describes that goal?
a. advancing the technology of the industry helps all industry participants
b. the overriding goal of managers is to maximize the value of a company for its shareholders
c. managers are tasked the performing value-chain functional activities at the lowest possible cost.
d. ultimately, a company looks to expand its business activities beyond one market or industry.

Answers

Answer:

B

Explanation:

Sales information for Tesla Inc. follows.Year Ended December 31 ($ thousands) 2018 2017 2016Automotive sales $17,631,522 $8,534,752 $5,589,007Automotive leasing 883,461 1,106,548 761,759Total automotive revenues 18,514,983 9,641,300 6,350,766Services and other 1,391,041 1,001,185 467,972Total automotive & services and other segment revenue 19,906,024 10,642,485 6,818,738Energy generation and storage segment revenue 1,555,244 1,116,266 181,394Total revenues $21,461,268 $11,758,751 $7,000,132Automotive sales revenue includes revenues related to sale of new Model S, Model X and Model 3 vehicles, including access to our Supercharger network, internet connectivity, Autopilot, full self-driving and over-the-air software updates.Automotive leasing revenue includes the amortization of revenue for Model S and Model X vehicles under direct lease agreements as well as those sold with resale value guarantees accounted for as operating leases under lease accounting. We do not yet offer leasing for Model 3 vehicles.Services and other revenue consists of non-warranty after-sales vehicle services, sales of used vehicles, sales of electric vehicle components and systems to other manufacturers, retail merchandise, and sales by our acquired subsidiaries to third party customers.Energy generation and storage revenues consists of the sale of solar energy systems and energy storage systems to residential, small commercial, and large commercial and utility grade customers.Compute the relative size of sales revenue from the four types of revenue Tesla discloses. (Hint: Scale each type of revenue by total revenue.)Round answers to the nearest whole percentage.

Answers

Answer:

Tesla Inc.

The Relative Size of Sales Revenue from the Four Types of Revenue

Year Ended December 31                             2018          2017           2016

Automotive sales                                            82%           73%            80%

Automotive leasing                                          4%              9%             11%

Services and other                                           7%              9%              7%

Energy generation & storage revenue           7%              9%             2%

Total revenues                                             100%          100%          100%

Explanation:

a) Data and Calculations:

Year Ended December 31 ($ thousands)     2018             2017            2016

Automotive sales                                 $17,631,522 $8,534,752 $5,589,007

Automotive leasing                                    883,461     1,106,548        761,759

Total automotive revenues                   18,514,983    9,641,300   6,350,766

Services and other                                   1,391,041      1,001,185       467,972

Total automotive & services revenue 19,906,024  10,642,485    6,818,738

Energy generation & storage revenue 1,555,244      1,116,266        181,394

Total revenues                                   $21,461,268  $11,758,751  $7,000,132

Year Ended December 31                2018              2017               2016

($ thousands)  

Automotive sales                  $17,631,522   $8,534,752   $5,589,007

Automotive leasing                     883,461       1,106,548          761,759

Services and other                    1,391,041        1,001,185         467,972

Energy generation & storage 1,555,244        1,116,266          181,394

Total revenues                    $21,461,268    $11,758,751    $7,000,132

2018:

Automotive sales =     82% ($17,631,522/$21,461,268 * 100)

Automotive leasing =   4% ($883,461/$21,461,268 * 100)

Services and others =  7% ($1,391,041/$21,461,268 * 100)

Energy generation & storage = 7% ($1,555,244/$21,461,268 * 100)

2017:

Automotive sales = 73% ($8,534,752/$11,758,751 * 100)

Automotive leasing = 9% ($1,106,548/$11,758,751 * 100)

Services and others = 9% ($1,001,185/$11,758,751 * 100)

Energy generation & storage = 9% ($1,116,266/$11,758,751 * 100)

2016:

Automotive sales = 80% ($5,589,007/$7,000,132 * 100)

Automotive leasing = 11% ($761,759/$7,000,132 * 100)

Services and others = 7% ($467,972/$7,000,132 * 100)

Energy generation & storage = 2% ($181,394/$7,000,132 * 100)

In its 2001 annual report, investors of Adelphia Communications were startled to find a footnote to its financial statements that reported the company had guaranteed as much as $2.7 billion in loans to a private entity owned by CEO John Rigas and his family. As a result of the footnote, Adelphia lost more than 50 percent of its market value in little more than a week.

Required:
Explain why you think the market value of Adelphia fell so dramatically with the footnote disclosure that the company had guaranteed loans to an entity owned by the company's CEO and his family

Answers

Answer:

Explanation:

The transaction of $2.7 billion as a loan lender to a private corporation controlled by the CEO John Rigas plus his family suggests a significant likelihood of asset theft and fraudulent activity. The misappropriation of assets is a sign of a company's financial instability. It implies that people in charge of administration are not using the firm's profits to maximize shareholders' wealth, but rather are advancing the interests of only one shareholder.

As soon as the news reaches the investors, a reasonable investor would sell his stock holdings and divest from the firm. As a result of the bulk of investors' divestment, stock prices have dropped by more than 50% in a week in Adelphia Communications.

WatchNU is a company that designs and manufacturers drones for military use. The supply manager is getting ready to renegotiate the contract with the security service provider that it uses for its offices and manufacturing plant. Three suppliers responded to the RFP for security services for the next three years. The current security services provider, SecureIT quoted $945,000 per year. Two suppliers that have not been used by WatchNU in the past quoted $1,048,000 and $1,056,000 respectively. The supply manager is also analyzing the costs associated with insourcing security services rather than using a supplier as a way to reduce costs and provide greater control over security. The salary and benefits for a full-time security services manager is estimated to be $99,000. Other fixed costs are estimated to be $29,000/year. Three security guards are needed 24 hours/day, 365 days per year. The salary and benefits for the security guards is $34/hour.

Required:
What are the costs to insource the security services?

Answers

Answer:

Variable Cost $893,520

Fixed Cost $128,000

Total Cost $1,021,520

Explanation:

Calculation to determine the costs to insource the security services

VARIABLE COST

Using this formula

Variable cost =Total Quantity of Output x Variable Cost Per Unit

Let plug in the formula

Variable cost =3* ($34/hour x 24 hours/day x 365 days per year)

Variable cost = $893,520

FIXED COST

Using this formula

Fixed cost=Salary and Benefits for a full time security service manager+Other Fixed Costs

Let plug in the formula

Fixed cost=($99,000) + ($29,000)

Fixed cost= $128,000

TOTAL COST

Using this formula

Total Cost = Variable Cost + Fixed Cost

Let plug in the formula

Total Cost=($893,520) + ($128,000)

Total Cost= $1,021,520

Therefore the costs to insource the security services will be:

Variable Cost $893,520

Fixed Cost $128,000

Total Cost $1,021,520

Which of the following is not an advantage of issuing bonds instead of common stock? tax savings result income to common shareholders may increase earnings per share on common stock may be lower stockholder control is not affected

Answers

Answer: earnings per share on common stock may be lower

Explanation:

Some of the advantages of the issuance of bonds instead of common stock is that it helps in saving tax.

Also, the income to the common shareholders may increase and there is no impact on the control of the stockholder.

It should be noted that "earnings per share on common stock may be lower" isn't an advantage of issuing bonds instead of common stock.

Corner Store posts on its website an offer of a reward for information leading to the apprehension of a certain criminal. This offer could normally be terminated by:______.
A) a post on the website.
B) a notice in the local newspaper.
C) a sign in the brick and mortar store.
D) a sign posted in a police station.

Answers

Answer:

a sign posted in a police station ✓

In the cost reconciliation report under the FIFO method, the costs to be accounted for equals the cost of beginning work in process inventory plus the cost of units transferred out.

a. True
b. False

Answers

Answer:

Cost Reconciliation Report under FIFO Method:

The costs to be accounted for equals the cost of beginning work in process inventory plus the cost of units transferred out.

b. False

Explanation:

Instead, the costs to be accounted for under the FIFO method in the cost reconciliation report are equal to the cost of the beginning work in process inventory plus the cost of units started and completed during the period.  It is under the weighted-average method that the costs to be accounted for in the cost reconciliation report equal the cost of beginning work in process inventory plus the cost of units transferred out.

what's pricing strategy

Answers

Answer:

A pricing strategy takes into account segments, ability to pay, market conditions, competitor actions, trade margins and input costs, amongst others. It is targeted at the defined customers and against competitors.

Explanation:

A business can use a variety of pricing strategies when selling a product or service. To determine the most effective pricing strategy for a company, senior executives need to first identify the company's pricing position, pricing segment, pricing capability and their competitive pricing reaction strategy

Explanation:

hope it help

plss brainlys methanks for the points

Purchases Budget in Units and Dollars Budgeted sales of The Music Shop for the first six months of 2010 are as follows: Month Unit Sales Month Unit Sales January 130,000 April 200,000 February 170,000 May 180,000 March 190,000 June 250,000Beginning inventory for 2010 is 40,000 units. The budgeted inventory at the end of a month is 40 percent of units to be sold the following month. Purchase price per unit is $6. Prepare a purchases budget in units and dollars for each month, January through May.

Answers

Answer:

Results are below.

Explanation:

To calculate the purchase for each  month, we need to use the following formula:

Purchases= production + desired ending inventory - beginning inventory

Purchases January:

Production= 130,000

Desired ending inventory= (170,000*0.4)= 68,000

Beginning inventory= (40,000)

Total purchase in units= 158,000

Total purchase cost= 158,000*6= $948,000

Purchases February:

Production= 170,000

Desired ending inventory= (190,000*0.4)= 76,000

Beginning inventory= (68,000)

Total purchase in units= 178,000

Total purchase cost= 178,000*6= $1,068,000

Purchases March:

Production= 190,000

Desired ending inventory= (200,000*0.4)= 80,000

Beginning inventory= (76,000)

Total purchase in units= 194,000

Total purchase cost= 194,000*6= $1,164,000

Purchases April:

Production= 200,000

Desired ending inventory= (180,000*0.4)= 72,000

Beginning inventory= (80,000)

Total purchase in units= 192,000

Total purchase cost= 192,000*6= $1,152,000

Purchases May:

Production= 180,000

Desired ending inventory= (250,000*0.4)= 100,000

Beginning inventory= (72,000)

Total purchase in units= 208,000

Total purchase cost= 208,000*6= $1,248,000

Analyse the causes and origin of employment syndrome in Zimbabwe​

Answers

Answer:

The causes for employment syndrome are Due to the drought a large number of people migrated to the urban areas in search of employment. Another drought occurred in 1995 - 1996 which worsened the economic situation. Unemployment increased due to retrenchments and business closures.

What is the objective of finacial reporting

Answers

THIS IS YOUR ANSWER

MARKS ME AS BRAINLIST

It is to give information about the financial performance and position of a company

Sau khi thực hiện kiểm toán, KTV xác định là:
1- BCTC theo mục đích chung của công ty được trình bày hợp lý
2- Bộ phận thu quỹ của công ty không hữu hiệu
3- Thuế TNDN của cty tính toán không phù hợp với luật thuế
4- Quốc hội muốn kiểm tra chi tiêu của Bộ Quốc phòng và Bộ Ngoại giao
5- BCTC của một trung tâm y khoa tư nhân được lập phù hợp với các chuẩn mực
kế toán.
6- Quản đốc phân xưởng không thực hiện đúng trách nhiệm của mình như đã phân
công.
7- Chi cục thuế đã vi phạm việc thuê mướn nhân viên do nhà nước qui định
8- BCTC của một DN nhà nước cần kiểm toán để cổ phần hóa
9- BCTC của một UBND tỉnh trình bày đúng với thực tế thu và chi tiền
10- Dịch vụ thực hiện qua bưu điện cho một huyện ngoại thành là không hiệu quả
11- Công ty đã thực hiện đúng các điều khoản hợp đồng vay ngân hàng
12- Một bộ phận không thực hiện đúng các chính sách về làm thêm giờ do công ty
đề ra.
Yêu cầu:
a. Hãy chỉ ra loại kiểm toán nào đã tiến hành trong các loại kiểm toán sau: (1)
BCTC; (2) Tuân thủ; (3) Hoạt động
b. Xác định loại KTV thực hiện: (1) độc lập; (2) nội bộ; (3) nhà nước.
c. Xác định đối tượng chính để nhận báo cáo kiểm toán: (1) đối tác; (2) nhà quản lý;
(3) nhà nước... Sử dụng bảng dưới đây để trả lời cho các loại câu hỏi trên: Loại kiểm
toán, Loại KTV, Đối tượng nhận chính.

Answers

number b i hope this helps

Fill in the missing numbers in the following income statement:

Sales $645,000
Costs 346,500
Depreciation 97,200
EBIT $
Taxes (35%)
Net income $

Required:
a. What is the OCF?
b. What is the depreciation tax shield?

Answers

Answer:

See below

Explanation:

EBIT = Sales - Cost - Depreciation

= $645,000 - $346,500 - $97,200

= $201,300

Taxes = EBIT × 35%

= $201,300 × 35%

= $70,455

Net income = EBIT - Taxes

= $201,300 - $70,455

= $130,845

1. OCF

= Net income + Depreciation

= $130,845 + $97,200

= $228,045

2. Depreciation tax shield

= Depreciation × Tax rate

=$97,200 × 35%

= $34,020

The Corbit Corp, sold merchandise for $10,000 cash. The cost of orp. sold merchandise for $10,000 cash. The cost of the se sold was $7,590. The journal entries to record this transaction under the perpetual inventory system would be:______.
A. Cash 10,000 Merchandise Inventory Cost of Merchandise Sold 10,000 7,590 7,590 Sales
B. Cash 10,000 Sales 10,000 Cost of Merchandise Sold 7,590 7,590 Merchandise Inventory
C. Cash 10,000 Sales 10,000 Merchandise Inventory Cost of Merchandise Sold 10,000 10,000
D. Cash 7,590 Sales 7,590 Cost of Merchandise Sold Merchandise Inventory 7,590 7,590

Answers

Answer:

B. Cash 10,000 Sales 10,000 Cost of Merchandise Sold 7,590 7,590 Merchandise Inventory

Explanation:

The journal entry is shown below:

cash   $10,000

    To sales   $10,000

(being cash receipts is recorded)

Here cash is debited as it increased the assets and credited the sales as it also increased the revenue  

cost of merchandize sold  $7,590

      To merchandize inventory  $7,590

(being cost of merchandise sold is recorded)

Here cost is debited as it increased the expense and credited the merchanidse inventory as it decreased the inventory

A 12-month insurance policy was purchased on Dec. 1 for $4,800 and the Prepaid insurance account was initially increased for the payment. The required adjusting journal entry on December 31 includes a:_________
a. credit to Prepaid insurance for $400.
b. debit to Insurance expense for $400.
c. credit to Insurance expense for $400.
d. debit to Prepaid insurance for $400.
e. debit to Insurance expense for $4,800.

Answers

Answer: a. credit to Prepaid insurance for $400.

b. debit to Insurance expense for $400

Explanation:

The required adjusting journal entry on December 31 will be:

Debit Insurance expense = ($4800 *1/12) = $400

Credit Prepaid Insurance = $400

(To record insurance expired for 1 month for December)

Therefore, the correct options are A and B.

What would be the net annual cost of the following checking accounts?

a. Monthly fee, $2.75; processing fee, 50 cents per check; checks written, an average of 30 a month. (Do not round intermediate calculations. Round your answer to 2 decimal places. Input the amount as a positive value.)

For this one, I got $213.


b. Interest earnings of 4 percent with a $450 minimum balance; average monthly balance, $600; monthly service charge of $20 for falling below the minimum balance, which occurs five times a year (no interest earned in these months). (Do not round intermediate calculations. Round your answer to 2 decimal places. Input the amount as a positive value.)

Not sure how to do this one exactly.

Answers

Answer: $86

Explanation:

Net Annual cost is:

= Total service charge - Interest earned

Total service cost = Service charge * Number of months

= 20 * 5

= $100

Interest earned = Average monthly balance * interest rate * Remaining months

= 600 * 4% * (12 - 5 months) / 12 months

= 600 * 4% * 7/12

= $14

Net Annual cost:

= 100 - 14

= $86

Auctio sells sprockets in a perfectly competitive market. Below are its short-run total variable costs at different output levels. The firm's fixed cost is $5. The market price of one sprocket is $8. Units Total Variable Cost 0 $0 1 $12 2 $18 3 $22 4 $28 5 $35 6 $43 What is the average total cost of the 5th unit

Answers

Answer:

$36

Explanation:

Average total cost = total variable cost + fixed cost ) / output

total variable cost  = variable cost x output

35 x 5 = 175

175 + 5) / 5 = 36

you are planning to make monthly deposits of $140 into a retirement account that pays 13 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 25 years

Answers

Answer:

FV= $314,365.69

Explanation:

Giving the following information:

Monthly deposti= $140

Number of months= 25*12= 300

Interest rate= 0.13/12= 0.01083

To calculate the future value of the investment, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

FV= {140*[(1.01083^300) - 1]} / 0.01083

FV= $314,365.69

The title is in the picture

Answers

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name the institution that makes it possible for investors to buy and sell shares in South Africa​

Answers

Answer:

Johannesburg Stock Exchange

Explanation:

An investor, who had $75,000 to contribute, was choosing between a boutique and a local shoe shop. After careful deliberation, the investor chose the boutique. In the first year, the boutique generated enough profit to pay the investor $15,000 (an agreed percentage of profits to be paid to the investor). The investor found out that if he had invested in the local shoe shop he would have received $9,000 (an agreed percentage of profits to be paid to the investor).

The investor's economic profit was:________

Answers

Answer:

$6000

Explanation:

Economic profit = accounting profit - implicit cost

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives

accounting profit = 15,000

Implicit cost = 9000

15,000 - 9000 = $6000

If a well-diversified portfolio of stocks has an expected return of 15% when the expected return on the market portfolio is 10%, then:_____

a. Treasury bills are offering a 7% yield.
b. The portfolio beta is greater than 1.0.
c. The portfolio beta equals 1.67.
d. The investor's portfolio contains many defensive stocks.

Answers

Answer:

B

Explanation:

According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)

Systemic risk is measured by beta. The higher beta is, the higher the systemic risk and the higher the compensation demanded for by investors

Market beta is represented by 1. If a portfolio has a beta that is higher than 1, it means that it is more risky than the market portfolio and investors would demand a higher return than the market portfolio

With the CEO and driver of the company—Howard Schultz—stepping down as the company’s unquestioned leader, do you expect Starbucks to change its foreign market entry strategy in any way?

Answers

Answer:

The short answer to that is No, Starbucks will not change its foreign market entry strategy.

Explanation:

The reasons are as follows:

 did Howard Schultz lose his shares when he stepped down? This is highly unlikely and according to the rules of corporate governance may depend on his contract. So stepping down as the chairman does not necessarily translate to losing control. Corporations such as Starbucks: don't just up and change direction. Strategies are usually vetted by the board of directors. Whoever the majority shareholder is (corporate person or individual) will always have a say regarding the expansion of the business. Howard Schultz has stepped down in 2018. At that time, Starbucks had a total of 28,000 stores in 77 countries. Currently, there are 15,000 in 50 countries. This reduction didn't happen because Howard stepped down but because of the recent pandemic which hit the globe in 2020.

Cheers

Ken's home has a replacement value of $200,000. Ken insured the home for $150,000 under an unendorsed Homeowners 3 policy. The roof of Ken's home was damaged by a windstorm. The replacement cost of the damaged roof is $16,000. The actual cash value of the loss is $12,000. How much will Ken receive from his insurer to settle this claim

Answers

Answer: $15,000

Explanation:

Using a Homeowners 3 policy, Ken will get the higher amount out of two amounts which are:

The actual cash value of the damaged area. An amount calculated as follows:

= (Amount of Insurance cover on home / 80% of Replacement Cost) * Cost of Repair to damaged area.

The actual cash value is $12,000

The second amount is:

= (Amount of Insurance cover on home / 80% of Replacement Cost) * Cost of Repair to damaged area.

= 150,000 / (80% * 200,000) * 16,000

= 0.9375 * 16,000

= $15,000

Ken will receive the higher amount of $15,000.

Using the AS-AD and IS-LM models, show the effects of an increase in consumer confidence on the position of the AD, AS, IS, and LM curves in the short run and in the medium run. Precisely label all axes and curves to receive full credit. Label the short-run equilibrium and medium-run equilibrium with SR and MR, respectively.

Answers

Answer: hello your question has some missing information below is the missing information

Suppose the economy begins with output equal to its natural level. Then there is an increase in consumer confidence and households attempt to consume more for a given level of disposable income.

answer :

Attached below

Explanation:

IS-LM modeling curves intersects and it also defines the value of r and Y where r ( rate of interest )  Y( output level )

The AS-AD modeling is in equilibrium where aggregate demand curve and short run and long run aggregate supply curves intersects each other defining P and Y

p ( price level ) , Y ( output level )

Note : Increase in aggregate demand shifts IS outward , raises interest rate and output level

Question 9 Suppose money invested in a hedge fund earns 1% per trading day. There are 250 trading days per year. What will be your annual return on $100 invested in the fund if the manager allows you to reinvest in the fund the 1% you earn each day

Answers

Answer:

1103.22%

Explanation:

The value of the investment at the end of the year assuming  250  trading days per year can be computed the future value formula provided below:

FV=PV*(1+daily return)^n

PV=initial investment=$100

daily return=reinvestment rate=1%

n=number of trading days in a year=250

FV=$100*(1+1%)^250

FV=$ 1,203.22

Annual return=( 1,203.22/$100)-1

Annual return=1103.22%

An Engel curve:________.
A. slopes upward for normal goods and downward for inferior goods.
B. slopes upward for inferior goods and downward for normal goods.
C. slopes downward for both normal and inferior goods.
D. slopes upward for both normal and inferior goods.

Answers

Answer:

A. slopes upward for normal goods and downward for inferior goods.

Explanation:

In the case of Engle curve it plots the relationship between income and demand for a good.

In the case of the normal goods, as the income rises the demand also rises while on the other hand in the case of inferior goods, the income rises the demand false

So it sloped upward for the normal goods and slop downwards for the inferior goods  

The annual commissions per salesperson employed by a manufacturer of light machinery averaged $40,000 with a standard deviation of $5,000. What percent of the sales persons earn between $32,000 and $42,000?
A) 60.06%.
B) 39.94%.
C) 34.13%.
D) 81.66%.

Answers

Answer:

A

Explanation:

From the given information;

The required probability needed to carry out is P(32000<X<42000);

Given that:

mean [tex]\mu[/tex] = 40000

standard deviation [tex]\sigma[/tex] = 5000

Using the standard normal distribution;

[tex]P(32000 <X<42000) = ( \dfrac{x - \mu}{\sigma} <Z< \dfrac{x - \mu}{\sigma})[/tex]

[tex]P(32000 <X<42000) = ( \dfrac{32000 - 40000}{5000} <Z< \dfrac{42000 - 40000}{5000})[/tex]

[tex]P(32000 <X<42000) = ( -1.6<Z<0.4)[/tex]

Here, the region of the area lies between -1.60 and 0.40

P(320000 < X < 40000) = P(Z<0.40) - P(Z< -0.40)

From Z tables;

P(320000 < X < 40000) =  0.6554 -0.0548

P(320000 < X < 40000) = 0.6006

P(320000 < X < 40000) = 60.06%

At the beginning of the period, the Assembly Department budgeted direct labor of $60,500 and property tax of $26,000 for 5,500 hours of production. The department actually completed 6,800 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting. $ fill in the blank 1

Answers

Answer:

Total cost= $100,800

Explanation:

Giving the following information:

Property tax= $26,000

Direct labor= $60,500

Number of hours= 5,500

Property tax is a fixed cost. We need to calculate the hourly rate for direct labor:

Hourly rate= 60,500 / 5,500

Hourly rate= $11

Now, the flexible budget:

Fixed cost= 26,00

Variable cost= 11*6,800= 74,800

Total cost= $100,800

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