Answer:
The answer is: C) the elasticity of demand, where the shortages will be larger if demand is more inelastic.
Explanation:
When the demand for a product is completely inelastic it means that the quantity demanded for that product will be the same whether its price increases or decreases. Rarely any product is completely inelastic, but inelasticity shows a tendency of buyers to keep buying a product even if its price rises, for example gasoline.
Inelastic products don´t follow the law of supply and demand, since the price doesn´t alter the demand.
If suppliers can produce enough goods (product shortages) and the quantity demanded stays the same, the price will rise. But if the demand for the product is inelastic then the shortage will get worse since every time more people will want to buy the product and their will be less product to buy.
Answer Balance sheet December31
$
Common stock. 100,000
Paid in capital. 3,600,000
Retained earnings. 1,610,000
Total. 5,310,000
Explanation:
The equity section of the balance sheet contains the equity issued and other capital provided by the owner for running the company.
The retained earnings represents balance from the previous years income accounts balance.
The current year income account balance at the year end is added to the accumulated retained earnings balance at the beginning of the year.
This is why $510,000 was added to $1,100,000.
Answer:
Recruitment
Explanation:
Recruitment is the term used in human resources to describe the process of identifying and hiring qualified employees to fill a vacant position. The recruitment process involves searching for prospective employees and encouraging them to apply for jobs in the organization in a cost-friendly manner.
The objective of the recruitment process finds the best suitable candidate for a position. Recruitment has several steps which include
- Analyzing the requirements of a specific job,
- Attracting suitable candidates to apply for that job,
- Screening and shortlisting the applications
- Interviewing and selecting the best
- Hiring
Answer:
- calculating the dollar amount of ending inventory
- the dollar amount of the cost of goods sold for the accounting period
Explanation:
The calculation of equivalent units main purpose is to convert partially completed units that are still in production, into completed units according to the amount that could be produced using the same amount of inputs.
Once you calculated the equivalent units, you can assign a value to your ending inventory including both finished units and equivalent units. By doing this you can calculate the cost per unit and the COGS for the accounting period.