Answer:
D. customer service
Explanation:
Erica has kept on doing business with Abroad Standard, Inc. on a consistent basis which shows that she has overtime, gained satisfactory levels of dealings and thus, kept dealing with the said company. Customer service is thus, not one of the environmental forces that ASI needs to be mindful of with regard to the use of technology.
B) Your employer benefits documentation
Explanation:
Your employer benefits documentation has little to do with your taxes as it is not a part of the tax rebate schemes.
<u>Supplement income is very much a part of taxable incom</u>e, so it has to be produced.
<u>The W 2 form is the primary taxation form</u> one receives from the IRS which is to be filled while filing for taxes.
<u>Routing and bank account details need also be provided</u> to track all the income generated through supplementary and main sources of income.
Answer:
Price elasticity of demand = Percentage in quantity demanded / Percentage change in price
We already have the percentage change in quantity demanded as -4.3%.
We need to find the percentage change in price using the midpoint method.
= (New price - Old price) ÷ ((New Price + Old price) / 2)
Old price = 1.50 - 0.25 = $1.25
Percentage change in price = (1.50 - 1.25) ÷ ((1.50 + 1.25) / 2)
= 18.18%
Price elasticity of demand = -4.3% / 18.18%
= -0.24
According to your estimate, the Transit Authority's revenue rises when the fare increases.<u> TRUE. </u>
The statement is true because the price elasticity of demand here is Inelastic and when this is the case, revenue rises when the price of the good or service increases.
The price elasticity of demand is inelastic when it is less than 1 which is the case here.
<u>Journal entry to show the allocation of under applied or over applied overhead for the year:</u>
It is given that the company allocates any under applied or over applied overhead to work in process, finished goods, and cost of goods sold on the basis of the amount of overhead applied during the year that remains in each account at the end of the year. The amounts are given $90,336 for work in process, $316,176 for finished goods, and $722,688 for cost of goods sold. Assuming that these amounts are under applied overhead, and then the Journal entry to record the allocation of under applied overhead for the year shall be as follows:
Work in Process inventory Debit $90,336
Finished Goods Inventory Debit $316,176
Cost of Goods Sold Debit $ 722,688
Manufacturing Overhead Credit $ 1,129,200
(Being under applied overhead adjusted)
Answer:
Incremental Income =$8,000
Explanation:
<em>In order to carry out an incremental analysis, only relevant cash flows should be considered.</em>
<em>The relevant cash flows from accepting the special order are </em>
- <em>the variable costs </em>
- <em>sales revenue at the offer price of $14</em>
- <em>Extra shipping cost</em>
Please, note that the fixed costs are not relevant for this decision. Simply because they would be incurred either way and that are not completely traceable to this product.
Incremental income
Incremental income = (offer selling price - variable cost) × units
= 14 - (12 + 1) × 8000 =$ 8000
Incremental Income =$ 8,000
