The complete question should have been:
Malcolm Industries recently hired a large number of workers for the company's new construction factory in Colorado. During the hiring process, the management made a clear effort to recruit physically strong individuals because the work at the factory involves manual labor. The jobs need to be performed by individuals who have the energy and physical stamina to work for long hours. Which of the following surface-level characteristics did the company most likely concentrate on when selecting the new workers?
A.) Age
B.) Values
C.) Beliefs
D.) Religion
E.) Personality
Answer: Age.
Explanation:
Malcolm Industries made use of Age as the Surface Level Characteristic that determined who would be employed. A surface level characteristics can be defined as differences that individuals possesses that easily be identified when they are seen.
Answer:
The net income for 2020 was $90,000
Explanation:
Shmenson Company
Income Statement for the year ended 2020
Sales $470,000
Less Cost of Sales
Beginning Inventories $70,000
Add Net purchases $180,000
Add Freight In $15,000
Less Ending Inventories ($60,000) ($205,000)
Gross Profit $265,000
Less Expenses
Operating expenses ($175,000)
Net Income $90,000
Conclusion
Thus, the net income for 2020 was $90,000.
Answer:
Since cream is a key input in the production of ice cream, a shortage of it or a price increase will cause the supply curve to shift to the left. This means that the suppliers will supply less product and charge a higher price for ice cream.
Since the quantity supplied of ice cream will decrease at all price levels, this will result in shortage and:
- the equilibrium price will increase
- the equilibrium quantity will decrease
- the quantity demanded for ice cream in general (including chocolate ice cream) will decrease also.
Answer:
$2,250
Explanation:
The computation of the bad debt expense is shown below:
= Credit sales × estimated percentage - credit balance in allowance for doubtful accounts
= $250,000 × 1% - $250
= $2,500 - $250
= $2,250
For computing the bad debt expense, we simply calculated the estimated value and then deduct the credit balance in allowance for doubtful accounts from that.
