1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dmitriy555 [2]
3 years ago
15

Accounting professors earn more than English professors at most universities. Explain this with a supply and demand graph.

Business
1 answer:
GenaCL600 [577]3 years ago
3 0
I will assume here (since I don't have more information) that each school needs one English and one Accounting professor, but that more people are ready to teach English than accounting (this assumption might be wrong, but it's what  think)

therefore the supply is bigger for the English professors than for the Accounting professors -this means that the accounting professors can ask for bigger salary (the bigger the supply, the smaller the prize)

You might be interested in
Use the table to indicate which description characterizes economies of scale and which characterizes economies of scope.
kenny6666 [7]

Answer and Explanation:

The economics of scope refers to the total cost production cost i.e to be averaged for the various type of goods

While on the other hand, the economics of scale refers to the benefit of the cost than occurs when there is a higher production level at a time

Based on this, the classification is as follows

1, Economics of scale as the output rises that declines the LAC so automatically it goes downward

2. economics of scope

3 0
3 years ago
A liquid asset is one that is easy to cash in.
Yuliya22 [10]
Cash on hand is the most liquid asset. Money in a savings account is a popular liquid asset and is very easy to withdraw and more liquid than a loan to a business.
5 0
2 years ago
Read 2 more answers
Is a company bonus earned income?
katrin2010 [14]
<span>Earned income typically includes salaries and bonuses, wages, commissions and tips. Union strike benefits are also considered earned income, as are long-term disability benefits received prior to minimum retirement age. So yes</span>
7 0
3 years ago
Total 0 1 to 30 31 to 60 61 to 90 over 90
natulia [17]

Answer:

a. $25,650

b. Journal entries

Explanation:

The computation is shown below:

a. The balance of the Allowance for Doubtful Accounts is

=  Total account receivable × estimated percentage

= $570,000 × 4.5%

= $25,650

b. The adjusting entry is as follows

Bad Debt Expense  $13,650       ($25,650 - $12,000)

         To Allowance for Doubtful Accounts $13,650

(Being the bad debt expense is recorded)

c. The adjusting entry is as follows

Bad Debt Expense  $26,650       ($25,650 + $1,000)

         To Allowance for Doubtful Accounts $26,650

(Being the bad debt expense is recorded)

4 0
3 years ago
Based on the Information that follows, prepare the cost of goods sold section of a multiple-step income statement.
Shtirlitz [24]

Answer:

Cost of goods sold = $105,060

Explanation:

a) Data and Calculations:

Cost of goods sold section of the multi-step income statement:

Merchandise Inventory, January 1, 20--       $37,000

Purchases                                                       102,000

Purchases Returns and Allowances               (4,200)

Purchases Discounts                                       (2,040)

Freight-In                                                              800

Merchandise Inventory, December 31, 20--(28,500)

Cost of goods sold                                     $105,060

b) The cost of goods sold comprises the beginning inventory, purchases and freight-in costs incurred during the period, less purchases returns and discounts, and the ending inventory.  It represents the cost incurred directly for the goods sold.  This means that indirect costs are not included in the cost of goods sold.  Such costs are usually deducted as period costs before arriving at the net income.

7 0
3 years ago
Other questions:
  • At a price of $1.00, a local coffee shop is willing to supply 100 cinnamon rolls per day. At a price of $1.20, the coffee shop w
    9·1 answer
  • Stephans Corporation currently manufactures a subassembly for its main product. The costs per unit are as follows: Direct materi
    11·1 answer
  • LO 1.4How can having a bonus system based purely on sales goals create an environment that encourages unethical behavior?
    8·1 answer
  • Lara Technologies is considering a total cash outlay of $250,000 for the purchase of land, which it could lease out for $35,000
    14·1 answer
  • A best-seller novel sells for $28 in hardback edition and $12 in a paperback edition. a book store's sales of both editions tota
    12·1 answer
  • When travelers are bumped from overbooked flights, they are frequently offered vouchers good for future travel. The dollar value
    6·1 answer
  • Delightful Weddings, LLC, and Event Catering Inc. have an executory contract. They agree to rescind their contract and simultane
    13·1 answer
  • Jeff is a top manager at a textile factory. He is developing a crisis plan in the event that the company has a toxic spill or ac
    8·1 answer
  • A project has 70% probability of doubling your investment in a year and 30% probability of halving your investment in a year. Wh
    10·1 answer
  • Using the following information, determine the location quotient for Motor City: employment in motor vehicle manufacturing withi
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!