Answer:
<h2>Post-Closing trial balance is usually prepared after the closing entries are posted to the ledger account.Hence,the correct answer is the third option or after closing entries are posted to the ledger accounts.</h2>
Explanation:
In Accounting,the main objective of preparing a post-closing trial balance is to ensure the completion and closure of all the temporary accounts and the equality between all the debit and credit entries have been consistently established once the closing entry has been done.Once the closing entries have been put into journal and finally posted in ledger,a detailed account or list of all the individual accounts along with their respective balances is prepared which is basically known as Post Closing Trial Balance Account.It includes all the unbalanced accounts from the original trial balance or the accounts which are not balanced based on debt and credit entries,at the end of the accounting or reporting year.Therefore,post-trial balance basically ensures that all the accounts entered in the original trial balance are zero balance or the debit and credit entries of all the individual accounts in trial balance are balanced or equal.
Monopolists do not prefer to produce in the when the demand for a good produced by them is inelastic. Option B is the correct answer.
- It is common to observe that monopolists, avoid engaging production when the demand for their product becomes inelastic.
- In order to understand this situation, it is important to address the meaning of inelastic demand.
- The term 'inelastic demand' refers to a situation where the demand for a product does not increase/decrease (change) when there is an increase/decrease (change) in its price.
- This does not lead to profits for a monopolist.
- It is because, a firm will be able to secure profits by producing lower amounts of goods for a higher price when the demand is elastic.
- Hence, when the demand is inelastic, the increase in the quantity will be sold at the previous standard price, leading to a fall in terms of the total revenue.
Therefore, it is clear that a monopolist will not produce when the demand for a good is inelastic.
Learn more about Demand Elasticity here:
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A hypothesis is a educated guess made about the predicted outcome of the experiment. They are made before starting the scientific experiment.
Answer:
the total manufacturing cost per comforter is $120.4
Explanation:
The computation of the total manufacturig cost per comfortor is as follows:
= Cost × activity consumed ÷ Total activity
For material handling
= $12,600 × 4 ÷ 4,200
= $12
For Assembly
= $55,440 × 4 ÷ 4,200
= $52.8
For packaging
= $10,920 × 4 ÷ 1,050
= $41.6
And, the direct material cost is $14
So, the total manufacturing cost per comforter is
= $12 + $52.8 + $41.6 + $14
= $120.4
Hence, the total manufacturing cost per comforter is $120.4
This is the answer but the same is not provided in the given options
