Explain at least two reasons why socioeconomic mobility in t…

Explain at least two reasons why socioeconomic mobility in the U.S. has declined in the past decades. Hint: socioeconomic mobility is measured as intergenerational earnings elasticity, i.e. the degree to which parents’ income determines their children’s income.

A company uses an activity-based costing system with three a…

A company uses an activity-based costing system with three activity cost pools. The company has provided the following data concerning its costs and its activity based costing system:   Overhead Costs:     Wages and salaries $ 321,000   Depreciation 308,000   Utilities 145,000   Total $ 774,000        Activity Cost Pools  Assembly Setting Up Other Total   Wages and salaries 55% 20% 25% 100%   Depreciation 20% 20% 60% 100%   Utilities 35% 60% 5% 100%   How much cost, in total, would be allocated in the first-stage allocation to the Assembly activity cost pool?