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1 year ago

What was the major financial difference between post-World War II borrowers and borrowers after 1970

Business

1 answer:

lisov135 [29]1 year ago

5 0

Answer: Borrowers after 1970 had more debt due to lower paying jobs

Explanation:

After the second world war, the world underwent a period of economic growth especially in the United States. The government was spending massive amounts on the economy and companies were investing to take advantage of an economy with very high consumption.

This led to higher paying jobs for citizens who were able to borrow money knowing that they had the capacity to pay back.

This changed after 1970 because the jobs became less lucrative than before. People however kept borrowing even though they could not afford it as much leading to a general rise in consumer debt.

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San Francisco Corporation uses two materials in the production of its product. The materials, X and Y, have the following standa

levacccp [35]

Answer:

(1) Material usage variance for X: 1,500 (Favorable)

(2) Material usage variance for Y: -19,500 (Adverse)

Explanation:

Material usage variance for X:

Standard Mix for actual Yield:

= (Standard mix of material X ÷ Yield) × Yield actual mix

= (3,500 ÷ 4,000) × 36,000

= 31,500

Material Usage Variance:

= (Standard Mix for actual Yield- Actual Mix) × Standard unit price

= (31,500-30,000) × $1

= 1,500 (Favorable)

Material usage variance for Y:

Standard Mix for actual Yield:

= (Standard mix of material Y ÷ Yield) × Yield actual mix

= (1,500 ÷ 4,000) × 36,000

= 13,500

Material Usage Variance:

= (Standard Mix for actual Yield- Actual Mix) × Standard unit price

= (13,500 - 20,000) × $3

= -19,500 (Adverse)

Total = (19,500) + 1,500

= (18,000) [Adverse]

4 0

2 years ago

An automobile dealer expects to sell 1250 cars a year. The cars cost $9000 plus a fixed charge of $1000 per delivery. If it cost

Brilliant_brown [7]

Answer:

Order size = 50 cars

The number of orders=25

Explanation:

<em>The Economic Order Quantity (EOQ) is the order size that minimizes the balance of ordering cost and holding cost. At the EOQ, the carrying cost is equal to the holding cost. </em>

It is computed using the formulae below

EOQ = √ (2× Co× D)/Ch

Co- Ordering cost, Ch- Carrying cost - D- Annual demand

EOQ= √2× 1000× 1250/1000= 50

Number of cars to be ordered per time, i.e optimal order size= 50 cars

Order size = 50 cars

The number of times orders should be placed per year would be calculated as follows:

The number of orders = Annual demand/ order size

The number of orders= 1250/50 = 25

The number of orders=25

4 0

2 years ago

The goal of a new Central American group formed as an economic union is to have a Council of Ministers that would coordinate the

Sophie [7]

Answer:

option C

Explanation:

In simple words, Regional institutions can be defined as , in a way, international agencies as they integrate international participation and accept geopolitical institutions which surpass a single country state structurally.

Yet their participation is distinguished by borders and distinctions typical of a given and special region, such as continents as well as international politics, such as financial coalitions.

They were developed to promote collaboration and social and economic convergence, or interaction within the same restricted territorial or political frontier between countries or institutions.

3 0

2 years ago

An aircraft company has an order to refurbish the interiors of 18 jet aircraft. The work has a learning curve percentage of 80.

gavmur [86]

Answer:

a. 125.43 hours

b. 767.92 hours

c. 2,129.04 hours

Explanation:

Using the mathematical approach, we have :

y = ax ^b

Where ,

y is the average time to manufacture x units

a is the time its takes to manufacture first plane

b is the log of 80% divided by log 2

Then,

Average time for 5 planes = 300 (5)^-0.322

= 178.67 hours

Total time for 5 planes = 178.67 hours × 5

= 893.35

Average time for 4 planes = 300 (4)^-0.322

= 191.98 hours

Total time for 5 planes = 191.98 hours × 4

= 767.92 hours

The fifth plane would take = 893.35 - 767.92

= 125.43 hours

Average time for the 18 planes = 300(18)^-0.322

= 118,28 hours

Total time for 18 planes = 118,28 hours × 18

= 2,129.04 hours

5 0

2 years ago

Tally Corp. sells software during the recruiting seasons. During the current year, 18 comma 000 software packages were sold res

Nostrana [21]

Answer:

$26,300.

Explanation:

The operating income for the current year is $270,000 (450,000 - 130,000 - 50,000). When sales change, variable costs also change with the change of output, but fixed cost remains the same. So we have to calculate the variables costs when sales increase by $80,000. To do so, variable expense ratio, calculated as variable expense / sales, will be used.

So, variable expense ratio is .29 (130,000 / 450,000).

Calculation for Change in Operating Income when sales are $530,000 (450,000 + 80,000) is as follows:

Sales revenue $530,000

Variable costs (530,000 * .29) (153,700)

Fixed costs (80,000)

Operating Income $296,300

⇒ Operating Income will increase by $26,300 (296,300 - 270,000) when sales increase by $80,000.

6 0

2 years ago

Read 2 more answers