Answer:
3) Social classes show distinct product preferences in areas such as clothing.
Explanation:
Individuals that belong to the same social class exhibit similar buying patterns, which are different than those exhibited by people belonging to other social classes.
Social class is defined by an individual's economic status and his/her social hierarchy which is based on social esteem, prestige and success. The main factor in determining the social class of an individual is wealth, but not all the people that possess a similar amount of wealth belong to the same social class.
American society is generally divided into 5 social classes: upper, upper-middle, middle, working and lower. Generally the people belonging to the upper social class possess large inherited wealth (old money), while new rich people belong to the upper-middle class even though they might have even more money.
Answer:
$160
Explanation:
The way 401(k) savings work is that employees can save from their earnings before tax is deducted, which means that on the $200 saved no tax is deducted, hence, the take of the employee reduces by $200
When there are savings, a tax of 20% would have been deducted from the $200, as a result, the employee would be left with $160($200-($200*20%)), which means that take-home would reduce by $40, the amount tax deducted.
The reduction in take-home=$200-$40
The reduction in take-home=$160
Answer:
unitary absorption production cost= $128
Explanation:
The a<u>bsorption costing method</u> includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
<u>First, we need to calculate the unitary fixed manufacturing overhead:</u>
<u></u>
Unitary fixed overhead= 441,000 / 7,000= $63
<u>Now, the unitary absorption production cost:</u>
unitary absorption production cost= 51 + 12 + 2 + 63
unitary absorption production cost= $128
