| Economic Activity Economics is concerned with humanity’s well being or welfare. It encompasses the social organization and the relationship involved in using scarce resources and available technology to satisfy seemingly unlimited human wants and in allocating those resources among diverse alternative wants. The key elements of economic activity are (1) human wants (2) resources‚ and (3) technology. Price theory (microeconomic
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Determination of per Unit Total Costs. The estimated unit costs for Hoteling Industries‚ when operating at a production and sales level of 10‚000 units‚ are as follows: Cost Item Estimated Unit Cost Direct materials $15 Direct labor 10 Variable factory overhead 8 Fixed factory overhead 5 Variable marketing 4 Fixed marketing 3 Required: (1) Identify the estimated conversion cost per unit. (2) Identify the estimated prime cost per unit. (3) Determine the estimated total variable cost per unit. (4)
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molecule for each of the following. (3 points) 1. COOH -OH 2. COH -OH 3. COH -OH 1. List whether each of the following substances was positive or negative for reducing sugar‚ as indicated by the Benedict’s test. (6 points) 1. corn syrup (1 point) positive 2. table sugar (1 point) positive 3. unknown 1 (1 point) negative 4. unknown 2 (1 point) negative 5. unknown 3 (1 point) positive 6. unknown 4 (1 point) positive 1. List whether each of
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| Lysozyme activity | Observed in tears and saliva | | Connie Jamieson | 3/1/2012 | | Abstract Lysozyme is an enzyme found in both tears and saliva. Each time we blink our eyes‚ our eyelids wash tears over the surface of our eyes. In addition‚ our mouth is continually producing saliva. A spectrophotometer set to 450nm was used to measure the effect of lysozyme on bacteria. The absorbance or optical density was measured for each sample at specific times with a total measuring time of
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Week 7‚ Day 5 Xeco/212 Name deleted The purchase of a home has many benefits in the economy. The way the strength of the economy as a whole can affect the marginal benefits and the marginal costs associated with the purchase of a home are interest rates and home values. If the economy is good the value of homes typically increase‚ and interest rates will be driven by prime rate which is set by the Feds. When the rate is low people want to buy or refinance‚ but when the economy is poor there
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scale which increases its revenue. Which of the following is an attribute of specialization? * Saving time by allowing a worker to focus on one task 6. The market system promotes progress by * providing incentive for technological advances 7. Productive efficiency is achieved when * the best technology is used 8. The market is said to be in equilibrium when * neither a shortage nor a surplus exists 9. The market will move to a higher equilibrium price if * the increase in demand
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Topic-Problem-Purpose-Questions HOME TASK 1. Decide group member 2. Decide topic (write Background of Study and Problem Statement) 3. Find two (2) journal papers 1. In class activity (Topic-Problem-PurposeQuestions) to be submitted on Friday before 5pm 2. Find two (2) journal papers For example‚ Topic Youth suicidality Purpose of the activity: Problem The rising of youth suicidality in Malaysia for the past 5 years To understand why the topic is important to be studied Dr Adnan‚ the Malaysian
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fields. (The Norwegian currency is the krone‚ which is denoted by Nkr.) The company uses a sob-order costing system arid applies manufacturing overhead cost to jobs on the basis of direct labor-hours. At the beginning of the year‚ the following estimates were made for the purpose of computing the predetermined overhead rate: manufacturing overhead cost‚ Nkr360‚000; and direct labor-hours‚ 900. The following transactions took place during the year (all purchases and services were acquired on account):
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Peanuts and Cost Accounting A problem faced by a Restaurateur (Joe) as revealed by his Accountant-Efficiency Expert (Eff. Ex.) EFF. EX. Joe‚ you said you put in these peanuts because some people ask for them‚ but do you realize what this rack of peanuts is costing you? JOE It ain ’t gonna cost. ’Sgonna be a profit. Sure‚ I hadda pay $25 for a fancy rack to holda bags‚ but the peanuts cost 6 cents and I sell ’em for 10 cents. Figger I sell 50 bags a week to start. It ’ll take 12 ½ weeks to
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The 1929 Stock Market Crash In early 1928 the Dow Jones Average went from a low of 191 early in the year‚ to a high of 300 in December of 1928 and peaked at 381 in September of 1929. (1929 ) It was anticipated that the increases in earnings and dividends would continue. (1929 ) The price to earnings ratings rose from 10 to 12 to 20 and higher for the market ’s favorite stocks. (1929 ) Observers believed that stock market prices in the first 6 months of 1929 were high‚ while others saw them to
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