Answer:
55.58
Explanation:
Data provided in the question;
Initial demand per month, Q₁ = 3
Final demand per month, Q₂ = 5
Initial price, P₁ = $33,200
Final price, P₂ = $33,500
Now,
elasticity of demand using midpoint method is calculated as :
= 
or
= 
on substituting the respective values, we get
= 
or
= 
or
= 
= 55.58
Complete Question:
Incurring an expense for advertising on account would be recorded by:
Group of answer choices
A) Debiting a liability account.
B) Crediting an asset account.
C) Debiting an expense account.
D) Debiting an asset account.
Answer:
C) Debiting an expense account.
Explanation:
Incurring an expense for advertising on account would be recorded by debiting an expense account.
This ultimately implies that, when a business firm incurs an expense such as on advertising its goods or services, the appropriate account on the balance sheet to record this will be to debit the advertising expense account and then credit the account payable.
Answer:
$33,410
Explanation:
The computation of Ending finished goods inventory after allocation of underapplied or overapplied manufacturing overhead is shown below:-
Ending finished goods inventory after allocation of overapplied manufacturing overhead
= (Total of finished goods - (Manufacturing overhead applied of finished goods ÷ Total of Manufacturing overhead applied) × Overapplied amount
= ($34,530 - ($6,240 ÷ $39,000) × $7,000)
= $34,530 - $1,120
= $33,410
Answer: Grapes are considered <u>intermediate goods</u> if the purchaser uses them <u>to make wine </u>to sell others but not if the purchaser eats them.
Explanation: We call intermediate goods to goods that deplete their production process.
They are used <em>to produce other goods</em> and in its application to the<em> production process </em>it is fully incorporated into the product or transformed completely with the first use.
They are bought for<u> resale</u> or used as inputs or raw materials for the production and sale of other goods.
One <u>example</u> could be the<u> flour </u>used to make<u> bread </u>is an intermediate good for consumption. ( The bread is the final product that you buy on the store ) .
