Answer:
Decrease in Supply ; Increase in Price
Explanation:
Complements in Production are goods which are produced jointly using a given resource. Eg : Beef , leather belts & wheat , straw.
Law of Supply states that Price of a good & its supply are directly related. Price & supply of complements in production are also directly related.
If price of a good rises, supply of the good & its complement(s) in production rise. If price of a good falls, supply of the good & its complement(s) in production fall.
So: Leftwards shift in demand curve of beef, i.e decrease in demand of beef- will create excess supply of beef. Excess supply will create competition among sellers & reduce its price.
As beef & leather belt are complements in production : Decrease in price of beef will reduce the supply of leather belts. This decreased supply (leftwards shift) will create excess demand in leather belt markets & competition among buyers increase their price.
Answer:
$51,000
Explanation:
Coronado industries has $16,000 of ending finished goods
The beginning finished goods inventory is $11,000
Cost of goods sold is $46,000
Therefore the cost of goods manufactured for Corona report can be calculated as follows
=$46,000+($16,000-$11,000)
= $46,000+$5,000
= $51,000
Therefore the cost of goods manufactured is $51,000
Answer:
Dr Service cost 245,000
Cr Interest 166,400
Cr Cash 411,400
Dr Plan assets - pension 411,400
Cr Service cost 245,000
Cr Interest 166,400
Explanation:
Preparation of the journal entries to record annual pension expense for the enterprise fund of Amherst City
Since we are Assuming that the plan investments was $184,300 while the service cost component is the sum of $245,000, and interest on the pension liability is the sum of $166,400 for the year this means the Journal entries to record annual pension expense for the enterprise fund of Amherst City will be:
Dr Service cost 245,000
Cr Interest 166,400
Cr Cash 411,400
(245,000+166,400)
Dr Plan assets - pension 411,400
(245,000+166,400)
Cr Service cost 245,000
Cr Interest 166,400
Answer:
c. Virtual Team
Explanation:
Since they don't meet in person, they are settled in different locations and collaborate through technolgy, they only meet virtually, they are called a virtual team
Answer:
Legal Component (Environment)
Explanation:
Business Environment
The environment of an organisation refers to several internal and external factors or components that affect the smooth running of a business. Most times a company's internal environment like its management, suppliers, employees among others can be significantly influenced by the business.
However, the external environment exert so much influence on the organisation whereas, the organisation is limited in the influence it can exert back on the external environment.
The Economic, political, social, legal and technological environments are the <u>external components that affect the business</u>.
Looking at the question, while the business had the influence on its employee by deciding to terminate 200 factory employees, the legal external component could not be influenced. The company had to pay a fine therefore for wrongful termination of those jobs.
The legal environment is made up of legislations and laws governing the way businesses carry out their transactions and where they over step the boundary of the law, they feel the effect of their wrongdoing.