Answer:
The law of supply states that the quantity of a good supplied (i.e., the amount owners or producers offer for sale) rises as the market price rises, and falls as the price falls. Conversely, the law of demand (see demand) says that the quantity of a good demanded falls as the price rises, and vice versa.
Explanation:
Answer:
The statement is: True.
Explanation:
Scarcity is the basic economic problem by which individuals have unlimited needs counting only with finite resources to fulfill them. In front of this scenario, individuals must make trade-offs meaning the satisfaction of some needs must be given up in part so other needs can be satisfied simultaneously.
If corn is scarce in Kernaland, the first step its inhabitants must take is to ration corn before its exploitation reduces the corn crops even more.
Answer:
option (C) 32,750 hours
Explanation:
Data provided in the question:
Actual manufacturing overhead cost = $250,000
Overapplied overhead = $12,000
Predetermined overhead rate = $8.00 per direct labor-hour
Now,
The total Manufacturing Overhead applied last year
= Actual manufacturing overhead cost + Overapplied overhead
= $250,000 + $12,000
= $262,000
Therefore,
Direct Labor Hours worked last year = 
or
= 
= 32,750 hours
Hence,
The correct answer is option (C) 32,750 hours
Answer:
b. flextime
Explanation:
Based on the scenario being described within the question it can be said that Marta is enjoying a schedule known as flextime. This is a type of work schedule in which employees are allowed to choose their work start times as well as their end time. This type of schedule is offered to the employee as long as they meet the minimum amount of hours set by their employer.
Answer:
$2000 (Debit)
Explanation:
Opening balance = $22000 (Credit)
LESS: Actual Bad debt = 24000 (Debit)
Closing Balance = 2000 (Debit)
