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2 years ago

List and describe three causes for shifts in the demand curve.

Business

1 answer:

Dahasolnce [82]2 years ago

7 0

Decrease in price of a substitute. Increase in price of a complement. Decrease in income if good is normal good.

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Hou Company applies factory overhead to its production departments on the basis of 90% of direct labor costs. In the Assembly De

Fofino [41]

Answer:

The journal entry is shown below:

Explanation:

Factory overhead is the term which is defined as the cost or expense which take place during production procedure. And it does not involve the cost in relation to direct labor and direct material.

The journal entry to apply the overhead to these production departments is as follows:

Work in Progress Inventory - Assembly A/c..............Dr $112,500

Work in Progress Inventory - Finishing A/c................Dr $ 31,500

Factory Overhead A/c....................................................Cr $144,000

Being the entry for applying the overhead is recorded

Working Note:

Work in Progress Inventory - Assembly = $125,000 × 90%

Work in Progress Inventory - Assembly = $112,500

Work in Progress Inventory - Finishing A/c = $35,000 × 90%

Work in Progress Inventory - Finishing A/c = $31,500

5 0

2 years ago

On September 12, Vander Company sold merchandise in the amount of $2,200 to Jepson Company, with credit terms of 2/10, n/30. The

Vlad1618 [11]

Answer and Explanation:

The Journal entry is shown below:-

Cash Dr, 1969.80 (2010 × 98%)

Sales discount Dr, 40.20

To Account receivable $2,010 ($2,200 - $190)

(Being the entry is recorded)

Here we debited the cash and sales discount as it increased the assets and we credited the accounts receivable as it reduced the assets

3 0

3 years ago

A fee paid by a borrower to the lender for the use of borrowed money

Stolb23 [73]

A fee paid by a borrower to the lender for the use of borrowed money; typically interest is calculated as a percentage of the principal (original loan amount). A debt evidenced by a "note," which specifies the principal amount, interest rate and date of repayment.

5 0

2 years ago

Using real GDP to compare the level of economic well-being in two countries may be misleading because the value of ______ contri

julsineya [31]

Answer:

The correct answer is letter "C": leisure.

Explanation:

In Business, leisure can be defined as the time people spend when they are not working or engaged in economic activities. With no doubt, the time people spend off work determines how they can perceive their well-being. Though, as the Gross Domestic Product (<em>GDP</em>) of a country is considered to measure people's well being but as the GDP does not include leisure, the GDP source might not be the most accurate for that purpose.

7 0

2 years ago

Legislation requires that all non-salaried employees who work more than 40 hours a week be paid over-time for the week. This leg

egoroff_w [7]

This legislation is called the Fair Labor Standards Act.

This act gives rights to United States workers. Among these rights are child labor laws, the requirement of employers to pay overtime to workers who work over 40 hours per week and also sets a minimum wage that must be paid to employees.

5 0

2 years ago

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