Answer:
In the long run, the market will supply any amount of the good at the price where P = min. ATC.
Explanation:
Both supply and demand are more elastic in the long run than the short run, which corresponds to a leveling out of the supply and demand curves.
Answer:
The statement is: True.
Explanation:
Compelling-state-interest-test balances the government's interest against an individual's right to be free of law. The test is part of the strict scrutiny analysis and is used as a precedent for future similar cases when the government legitimate interest is at risk.
Answer:
The total overhead variance is $1,095
Explanation:
The total standard overhead cost = Standard hours allowed for the work done x predetermined overhead rate = 21,900 x $5.85 = $128,115
The overhead variance = The total standard overhead cost – The actual overhead cost = $129,210 - $128,115 = $1,095
Answer:
Labor union
Explanation:
The labor union is the individual group that works together to accomplish the company goals or the shared job goals in terms of high pay, less working hours, high benefits, better working conditions
So the given situation represent the labor union
Hence, the same is to be considered and relevent too
Answer:
$133,000
Explanation:
Computation to determine the amount of Seldin's cash payments for purchases of merchandise during the current year
First step is to calculate the Purchases during the year
Beginning ($51,000)
Cost of goods sold $130,000
Ending $55,000
Purchases during the year $134,000
Now let calculate the amount of Seldin's cash payments for purchases of merchandise
Beginning payable $32,000
Purchase during the year $134,000
Less Ending payable ($33,000)
Cash payments for purchases of merchandise $133,000
Therefore the amount of Seldin's cash payments for purchases of merchandise during the current year is $133,000
