Answer:
Option (b) is correct.
Explanation:
Given that,
Beginning work in process inventory balance = $32,000
Direct materials was placed into production = $54,500
Direct labor = $63,400
Actual manufacturing overhead = $86,500
Jobs costing completed during the year = $225,000
Ending work in process inventory balance:
= Beginning work in process inventory balance + Direct materials was placed into production + Direct labor + Actual manufacturing overhead - Jobs costing completed during the year
= $32,000 + $54,500 + $63,400 + $86,500 - $225,000
= $11,400
Answer: Source data automation
Explanation: Source data automation involves inputing data in a digital format from the point of origin. This method makes use of automated methods to collect data directly from the source right at the beginning. And in doing so, this process eliminates any duplicated effort, potential for errors and delays in any unnecessary handling.
<span>Because farm products have a low elasticity of demand a small change in output will have a similar effect on the price. Since the low elasticity of demand directly relates to </span>pricing, when the smaller change in output happens, a smaller drop in profits does as well. The price of the item will decrease to compensate for less products selling.
Answer:
The answer is B.
Explanation:
In the telecom industry, the threat of new entrants is most likely low. Why? - Because:
1. High brand loyalty meaning that the existing customers are unlikely to switch to any competitors be it existing or potential. This will discourage any new entrant.
2. High economies of scale. They are enjoying low cost of inputs with high outputs. New entrants will find it difficult initially to produce at low cost. This will also discourage new entrants.
Also, the presence of strong network effects and proprietary technology among the existing firms will deter new entrants.
Answer:
the real GDP in 2019 is $200
Explanation:
The computation of the real GDP is shown below;
= Base year price × quantity produced in 2019
= $1 × 200
= $200
Hence, the real GDP in 2019 is $200
The above should be used to determine the real GDP in 2019 and the same should be relevant
