Answer:
How do producers think of workers?
As productive resources and commodities
Explanation:
Producers often thinks of workers as productive resources and commodities as they ensure sales of every of commodities to be sold. Also, producers represents the company's identity as their actions might determine how commodities would be sold or total sales to be accrued. Hence, producers often tag workers as productive resources.
Answer:
A Cost-Volume-Profit statement is used to show just how the different costs incurred contribute to the expenses. It divides the costs into variable and fixed costs for better analysis.
Sales $2,210,000
Variable Costs:
Cost of Goods sold $921,000
Selling expenses $ 71,000
Admin expenses <u> $87,000</u>
Total variable costs <u> ($1,079,000)</u>
Contribution margin $1,131,000
Fixed costs:
Cost of goods $441,000
Selling expenses $ 46,000
Admin expenses <u> $ 99,000</u>
Total fixed costs <u> ($586,000)</u>
Net operating income <u> $545,000</u>
You would record this transaction into the accounting equation by: increasing cash and decreasing accounts receivable
<h3>
What is accounting?</h3>
Accounting refers to the process of keeping track of a company's financial transactions. Summarizing, analyzing, and reporting these transactions to oversight organizations, regulatory bodies, and tax collection organizations are all parts of the accounting process.
The financial statements that are used in accounting provide a succinct overview of all financial transactions that took place during a given accounting period, including information on a company's operations, financial situation, and cash flows.
One of the essential duties in practically any firm is accounting. In a small business, it might be handled by a bookkeeper or an accountant; in larger corporations, it might be handled by vast financial departments with dozens of staff members.
Management may greatly benefit from the data produced by different streams of accounting, including cost accounting and managerial accounting, in order to make wise company decisions.
Learn more about accounting
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A haircut is a service because someone is assisting you in something that you can do yourself unless you are disabled (but it still makes it a service). Plus, when you get it done by a barber it's a professional haircut. I hope this helps!
The demand for this product is B. Elastic in nature.
If the price elasticity of demand is:
- Less than 1, a good is said to be inelastic.
- More than 1, good is elastic
- Equal to 1, good is unit elastic
The price elasticity of demand is calculated by the formula:
<em>= Change in quantity demanded / Change in price </em>
= 10% / 5%
= 2
Price elasticity of demand is more than 1 so we can conclude that the product is elastic.
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<u>Options for this question include:</u>
A. Inelastic
B. Elastic
C. Unit elastic