Answer:
A. The demand of wheat and corn is basically inelastic and so increases in output drastically reduce price and income to the farmers.
Explanation:
Inelastic demand means the change in price does not affect the purchasers' buying power. The difference in price has relatively little effect on the quantity demanded. Since the demand for wheat is inelastic, price and income will reduce irrespective of increasing production. Therefore, harvesting massive production (wheat or corn) does not bring a high income.
Answer: c. legal but unethical
Explanation:
With John being in charge of the loan application when Albert came to apply, John had access to Albert's information.
John then used this information which he had LEGAL access to, to recommend a bank product to Albert.
This is legal but UNETHICAL because Albert did not know that any information he gave will be used for a reason different from his application for a loan.
Answer:
(A) 18,600 units
(B) 13,821 units
Explanation:
(A) The computation of the equivalent unit for material cost is shown below:
= (Completed and transferred units × completed percentage) + (ending work in progress units × completed percentage)
= (10,500 units × 100%) + (8,100 units × 100%)
= 10,500 units + 8,100 units
= 18,600 units
(B) The computation of the equivalent unit for conversion cost is shown below:
= (Completed and transferred units × completed percentage) + (ending work in progress units × completed percentage)
= (10,500 units × 100%) + (8,100 units × 41%)
= 10,500 units + 3,321 units
= 13,821 units
Answer:
the answer its A) An state where Edwards is the beneficiary
Explanation:
why? zero corp is a investment company where any shareholders who wants to be part of it they could, every investment is personal , it means a exchange where you invest money for shares, and it doesn't affect your business.
Answer:
$3,500
Explanation:
Under variable costing method, product costs are calculated on variable manufacturing costs only.
Step 1 : Determine unit Product Cost
Product Cost = Variable Manufacturing Costs
= $ 35
Step 2 : Determine the units in Inventory
Units in Inventory = Opening Stock + Production - Sales
= 0 + 7,210 - 7,110
= 100 units
Step 3 : Determine Inventory value
Inventory value = Units x Cost per unit
= 100 units x $ 35
= $3,500
Conclusion :
the ending inventory of finished goods under variable costing would be: $3,500
