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CaHeK987 [17]
3 years ago
15

Suppose that college professors at public universities are unionized. if public university college professors change their minds

and vote not to be unionized, the quantity of public university college professors demanded will
Business
1 answer:
hammer [34]3 years ago
7 0

<span>The amount of public university college professors required will rise but the supply of workers in other like occupations will fall. So if the supply decreases, and the demand goes high as expected, there will be a shortage of public university college professors.</span>

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Studies indicate that the price elasticity of demand for cigarettes is about 0.4. A government policy aimed at reducing smoking
IrinaVladis [17]

Answer:

(B) 40%

Explanation:

↓Q / ΔPrice = Price-elasicity

The price elasticity is the relationship between a change in price with the quantity demanded of a certain good assuming, other factor remains constant.

ΔPrice  = (P0 - P1)/((P0 + P1)/2) = (2 - 6)/((2+6)/2) = 4/4 = 1

We know that price elasticity is 0.4

Now we can solve for the change in the quantity demanded:

↓Q/ 1 = 0.4

↓Q = 0.4 x 1 = 0.40 = 40%

7 0
3 years ago
Parsons Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last
arsen [322]

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 = \frac{\textup{Total Manufacturing Overhead applied}}{\textup{Predetermined overhead rate}}

or

=  \frac{\textup{262,000}}{\textup{8}}

= 32,750 hours

Hence,

The correct answer is option (C) 32,750 hours

6 0
3 years ago
What is the definition of organization ? Briefly explain each part of the definition?​
Semenov [28]

organization isn a group or team that works together to accomplish a task

6 0
2 years ago
Waupaca Company establishes a $350 petty cash fund on September 9. On September 30, the fund shows $104 in cash along with recei
mariarad [96]

Answer: Please see explanation for answers

Explanation:

Journal to record establishment of fund

Date                  Account titles and explanation            Debit     Credit

Sept 9                    Petty cash                                          $350

                              To Cash                                                                  $350

Journal to record the reimbursement of petty cash fund

Date                  Account titles and explanation            Debit     Credit

September 30    printing expenses                                 $40

                        Postage expense                                     $123

Miscellaneous expenses                                                 $80

Cash shortage - not accounted for                                   $3

                           To Cash                                                                      $246

Journal to show the increment of fund to $400

Date                  Account titles and explanation            Debit       Credit

October 1        Petty cash                                               $50              

                        To Cash                                                                       $50

Calculation : ($400 - $350)=$50

7 0
2 years ago
A landowner in fee simple signed a promissory note for $10,000 to a bank, and secured the note by a mortgage of her land to the
iren [92.7K]

Answer:

D) Both the landowner and the attorney.

Explanation:

The bank will succeed in obtaining a judgement against both the former landowner and the attorney. The bank can sue either of them or both of them, but it can only collect the $5,000 once.

  • When the attorney assumed the mortgage, he expressly promised to pay it. The lender becomes a third party beneficiary of the attorney's promise to pay and can sue him if the mortgage isn't paid.
  • The former landowner became secondarily liable to the lender in case the attorney didn't pay.

7 0
3 years ago
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