QUESTION 1.
Some of the fiscal solutions that Davidson mentions tweaking in a bid to cut government spending multiple subtle ways <span>are as follows:
I. R</span>aise social security retirement age
II. Reduce medicare for wealthy seniors
III. Raise medical <span>healthcare contributions
</span>QUESTION 2.
According to Davidson, the republican and the democrat philosophies are two fundamentally different economic philosophies that impact the debt crisis faced by the United States. In his opinion, the republicans want a system in which the government’s only job should be to create an efficient society, whereas the Democrats aim at making sure that everyone lives in an “equitable, fair society”. I think I would agree more with the Democrat philosophy because equity and fairness to everyone is<span> a key public value outcome in every society.
</span>
QUESTION 3.
<span>The two fiscal issues that are hyper-partisan are as follows:
I. </span>Military defense spending.
II. I<span>ssues of taxes
</span>- The parties are so divided chiefly because they have extreme opposites points of view on several issues.
- On the issues, I lean towards the Democrat view.
QUESTION 4.
Towards the end of his talk, Davidson says he fears that the longer we delay any solution, the more the world will look to the U.S. not as the bedrock of stability in the global economy, but as a place that can't resolve its own fights. He explains that the higher interest rates are going to be, the quicker we're going to have to face a day of horrible calamity.
Answer:
The correct answer is letter "B": Cultural similarities.
Explanation:
Cultural similarities refer to customs and special terms that for one region or country are widely accepted but not for others. Those actions or phrases could be exactly the same but carry a different or even negative meaning in different places. This is not limited to actions and terms used in day-to-day activities but also under formal circumstances.
Answer:
For Material 80,000
For Conversion 72,000
Explanation:
The computation of equivalent units of production for the bath linens department for August is shown below:-
<u>Materials</u> <u>Conversion</u>
Units completed and
transferred out 60,000 60,000
Units in process,
August 31 20,000 12,000
(20,000 × 60%)
Equivalent units of
production 80,000 72,000
Therefore to reach out the equivalent units of production we simply added the units completed and transferred out with Units in process Aug 31 of material and conversion.
Answer:
Standard Overhead rate is $1.25 per Direct labor hours
Explanation:
Total variable cost (2000 unit * $2.50) = $5,000
Total fixed cost = <u>$5,000</u>
Estimated Overhead cost = <u>$10,000</u>
<u />
Estimated Direct labor hour = 2000 unit * 4 hours = 8,000 hours
Standard Overhead rate = Estimated overhead cost / Estimated Direct labor hour
Standard Overhead rate = $10,000 / 8,000 hours
Standard Overhead rate = $1.25 per Direct labor hours
One buyer, many sellers and no close substitutes
usually this won't have an exact example to match all the requirement
so, try get those small company as the example of your answer
