Answer:
Explanation:
The journal entries are shown below:
On July 15:
Retained earning A/c Dr $169,000
To Dividend payable $169,000
(Being cash dividend declared is recorded)
On Aug 15:
No journal entry is required on the date of declared
On Aug 31:
Dividend payable A/c $169,000
To Cash A/c $169,000
(Being dividend is paid is recorded)
Answer:
For Material 80,000
For Conversion 72,000
Explanation:
The computation of equivalent units of production for the bath linens department for August is shown below:-
<u>Materials</u> <u>Conversion</u>
Units completed and
transferred out 60,000 60,000
Units in process,
August 31 20,000 12,000
(20,000 × 60%)
Equivalent units of
production 80,000 72,000
Therefore to reach out the equivalent units of production we simply added the units completed and transferred out with Units in process Aug 31 of material and conversion.
Answer:
if a change in the price of the good brings about a much smaller change in the quantity demanded for the good.
Explanation:
<em>The price elasticity of demand is a measure of the change in the demand for a good in relation to a change in the price of the same good. </em>Mathematically, the price elasticity of demand for a product is represented as:
Price elasticity = change in the quantity demanded/change in price
The value of price elasticity of demand ranges from 0 to infinity. The price elasticity of demand is
- relatively inelastic when the value is less than 1,
- unitary elastic when it is equal to 1,
- relatively elastic when it is greater than 1,
- perfectly inelastic when it is equal to 0, and
- perfectly elastic when the value is infinity.
<u>Less elastic price elasticity of demand is equivalent to relatively inelastic price elasticity. This thus means that the price elasticity of demand is less than 1; a percentage change in the price of the good brings about a disproportionately smaller percentage change in the quantity demanded for the good.</u>
Answer:
hope this help u
Explanation:
Transferring energy into or out of a substance changes its temperature, which changes the molecules' freedom of movement. Claim 2: Transferring energy into or out of a substance changes the molecules' kinetic energy, which changes their freedom of movement.