Answer: b) need for power.
Explanation:
Organizational politics are activities that people engage in to be able to further their personal interests even if these interests are not always in the best interest of the company itself.
To be able to further their interests, they need power and influence which means that the personal characteristic that fosters organizational politics is the need to have power.
Explanation:
The journal entry is shown below:
Finished goods inventory A/c Dr $432,000
To Goods in process inventory A/c $432,000
(Being the goods transferred from production to finished goods is recorded)
For recording this given transaction, we debited the finished goods inventory account and credited the goods in process inventory account.
Answer: <u><em>Total production cost per unit = $8 +$7.25 + $5.50 = $20.75</em></u>
Explanation:
Given :
Direct labor at $7.25 per unit;
Direct material at $8.00 per unit;
Variable overhead at $5.50 per unit;
Fixed overhead at ($67,500/9,000 units) $7.50 per unit;
Total production cost of $28.25 per unit.
Now,
Under Absorption Costing, the total production cost per unit is calculated as
Total production cost per unit = Direct Materials +Direct Labor + Variable Overhead
<u><em>Total production cost per unit = $8 +$7.25 + $5.50 = $20.75</em></u>
Answer:
2018: No pretax income or loss
2019: Income of $2,000.
Explanation:
Given that,
On December 27, 2018
Purchased Coca-Cola bonds at par = $700,000
sold the bonds on January 3, 2019 = $702,000
On December 31, the bonds had a fair value = $699,000
In 2018:
Fair value is less than the purchase value of bonds on 31st December. Therefore, the loss has to be reported under the other comprehensive income.
Hence, there is no income or loss in the year 2018.
In 2019:
Gain/loss on the sale of bonds:
= Sale value - Purchase value
= $702,000 - $700,000
= $2,000
Therefore, the amount of pretax earnings in the year 2019 is $2,000.
When there is a decrease in supply, it would be reflected by a change from Curve A to Curve C.
<h3>How are supply decreases reflected?</h3>
When supply decreases, it leads to the supply curve shifting to the left to show that there is a lesser quantity available.
In the graph therefore, a decrease in supply would be shown as a shift from Curve A to Curve C or Curve B to Curve A.
Find out more on decreases in supply at
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