Answer:
The reasons are 1. Increase the wages, 2. More variety or substitute's along with increase more jobs skilled and unskilled
Explanation:
1. Increase the wages- As it will lead to better living standard
2. More variety or substitute's along with increase more jobs skilled and unskilled
Answer:Flexible
Explanation:
According to the question, clothing store tracks the sale at each location so, they are taking a very large base of consumers and they are considering each consumer that is why the quality information is flexible.
Demands of each consumer may vary such that one wants cotton fabric, another wants polyester so this makes the information more flexible as it may vary largely.
Answer:
Total unitary cost= $118.5
Explanation:
Giving the following information:
Units produced 54,000 units
Direct labor $47 per unit
Direct materials $40 per unit
Variable overhead $29 per unit
Fixed overhead $ 135,000
Under absorption costing, the unitary production cost is calculated using the direct material, direct labor, and total unitary overhead (including fixed overhead).
Unitary cost= direct material + direct labor + unitary variable overhead + unitary fixed overhead
Unitary fixed overhead= 135,000/54,000= $2.5 per unit
Total unitary cost= 47 + 40 + 29 + 2.5= $118.5
Answer:
The market supply curve shows the minimum prices that all the sellers in the market will be willing to accept for the product.
Explanation:
The market supply curve of a product is the summation of individual supply curves. It represents the minimum acceptable prices of the product that all the firms in the market will be willing to accept.
The market supply curve is an upward line representing the law of supply. The law of supply states that other things being constant the supply of a product will be directly related to its price. this means that with an increase in the price level, the output level will increase as well.
Answer:
Accounting/bookkeeping
1. The income statement provides you with information about the profit and loss
2. The balance sheet gives you a clear picture on the financial position of your business on a particular date.
3. Bookkeeping is important because it helps you budget.
4. Tax Preparation. In most cases, your business has to file a tax return every year.
5. Organization. Being organized is a skill every business owner should have.
6. Analysis. Bookkeeping is important because it helps with business analysis.
7. Planning Purposes
. Bookkeeping presents the past financial performance of your company.
Explanation:
Hope this helps, sorry if it is not
