Answer:
see below
Explanation:
A positive correlation signifies that an increase in one variable results in the other variable moving in the same direction. Because supply and price are positively correlated, a price increase will increases supply. The opposite is also true.
Suppliers are business people whose main objective is to make profits. Higher prices give higher margins. Suppliers make higher profits when prices are high. The possibility of making higher profits motivates suppliers to increase supplies to the market. On the other hand, low prices may result in losses. When prices are low, supplies will shy away from the market to avoid making losses.
Answer:
The journal entry is as follows:
Work in process A/c Dr. $158,700
Manufacturing overhead A/c Dr. $2,250
To Raw material inventory $160,950
(To record the issuance of materials)
Workings:
- Work in process is debited with direct material:
= 88,700 + 27,600 + 3,650 + 38,750
= $158,700
- Manufacturing overhead debited with indirect material cost = $2,250
Answer:
Charles is classified in the adopter category called "Latecomers"
Explanation:
Latecomers are traditional consumers. For them, buying a new product brings a feeling of extreme psychological discomfort. They do not like news, even flee from it, and consider it immature to buy an innovative article in the market.
Latecomers represent 16% of consumers, are insecure to adopt new things, do not like to try new things and do not follow fads. Being traditionalists, they always perform the same way and only adopt innovation when there is no other alternative. Like Charles, who only bought the color TV because his old tv stopped working.
Answer:
Advantages of Informal Sector employment:
Some employers pay well because company owners do not have many tax obligations. Employee effort is directed towards achieving profit rather than satisfying irrelevant routines.
There can be a close and direct relationship with the employer, therefore making it easy to get permission when in need of time off.
You are saved the hassle of paying Pay As You Earn tax.
There’s no red tape when it comes to dealing with personnel issues which are expressly handled either by the employer him/herself, or a senior manager.
Sometimes employment is done on the spot with little emphasis on attending lengthy job interviews and countless aptitude tests.
Sometimes one is employed because of one’s personal relationship with the employer rather than on merit.
Disadvantages of Informal Sector employment:
Little or no job security.
Unprotected by labour laws.
Odd working hours.
No pension, insurance or health insurance scheme.
Summary dismissals.
Difficult to make any savings due to low wages.
A brief illness or injury or injury can mean no financial means to survive.
Explanation:
Answer:
the price earning ratio is 8.33
Explanation:
The computation of the price earning ratio is shown below:
P/E Ratio is
= share price ÷ Earning Per share
where,
The price of a share is
= 3 × 106
= $3.18
And, the earning per share is
= $4 × (1.06) ÷ (0.15 - 1.06)
So, the price earning ratio is
= (3 × (1.06) ÷ 4(1.06)÷ (0.15 -0.06))
= 8.33
Hence, the price earning ratio is 8.33