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4 years ago

In the sample scenario, what does this mean about the elasticity of wheat in relation to supply?

Business

2 answers:

Xelga [282]4 years ago

7 0

A- Wheat is relatively inelastic.

atroni [7]4 years ago

6 0

Answer:

A. Wheat is relatively inelastic.

Explanation:

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After a bank reconciliation has been completed these transactions are listed as ____ to the cash balance? ? need help taking A p

Taya2010 [7]

Answer:

Explanation:

After adjusting the balances as per the bank and as per the books, the adjusted amounts should be the same. If they are still not equal, you will have to repeat the process of reconciliation again.

Once the balances are equal,<em> businesses need to prepare journal entries </em>for the adjustments to the balance per books.

8 0

3 years ago

Larue buys an ipod for $150 and a new laptop for $1,200, and signs a one-year employment contract for a $4,800 monthly salary to

docker41 [41]

As an employee, Larue will be covered by the statute of frauds for the employment contract and the laptop purchase only.

<h3>What is a statute of fraud?</h3>

This statute is a concept that maintains that some types of contracts need to be executed in writing.

This statutse are used for contracts for the sale of land, agreements involving higher worth of goods, contracts lasting one year etc

In conclusion, in this case, Larue will be covered by the statute of frauds for the employment contract and the laptop purchase only.

Read more about statute of fraud

<em>brainly.com/question/14854791</em>

5 0

2 years ago

Jebali Company reports gross income of $340,000 and other property-related expenses of $229,000 and uses a depletion rate of 14%

MatroZZZ [7]

Answer:

15,540

Explanation:

Depletion = depletion rate x (gross income - expenses)

0.14 x ($340,000 - $229,000) = 15,540

6 0

3 years ago

Tang Company accumulates the following data concerning raw materials in making its finished product: (1) Price per pound of raw

Nataly_w [17]

Answer and Explanation:

The computation is shown below:

(a) Standard direct materials price per pound of raw materials is

= Purchase price + freight in + receiving and handling

= $3 + $0.50 + $0.20

= $3.70

(b) Standard direct materials quantity per gallon is

= Required material + allowance for waste and spoilage

= 3.50 pounds + 0.80 pounds

= 4.30 pounds

= Standard direct materials price per pound of raw materials × Standard direct materials quantity per gallon

= $3.70 × 4.30 pounds

= $15.91

We simply applied the above formulas

6 0

4 years ago

Pasadena Candle Inc. budgeted production of 730,000 candles for the January. Wax is required to produce a candle. Assume 11 ounc

Temka [501]

Answer:

696,325 Pounds

Explanation:

The computation of the direct material purchase budget is given below:

Here we assume that

one pound = 16 ounces

Now total wax needed is

= Production of Finished Goods × Pounds of wax needed for production

= 730,000 candles × 11 ÷ 16

= 501,875 pounds

Now

Total direct material purchased = (Total Wax needed + Ending Inventory, Jan.31 - opening inventory) × unit price

= (490,625 Pounds + 12,900 pounds - 17,400 pounds) × $1.40 per pound

= 696,325 Pounds

4 0

3 years ago