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4 years ago

Differential pay schedule is based on: Choose one answer.

1 answer:

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The correct option is B.
Differential pay schedule is a type of payment plan in which workers are paid different amount per hour for the different types of work done during the pay period. For instance, a worker may participate in a task which is paid $20 per hour and in another difficult task, which is paid $45 per hour. The number of hours for both tasks have to be added up to get salary amount due.

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A newspaper story on the effect of higher milk prices on the market for ice cream contained the following: "As a result [of the

antoniya [11.8K]

Answer:

The price elasticity of demand for icecream is -0.75, that means that is inelastic.

Explanation:

Price elasticity of demand measures the porcentage of the change in the demand when there is a change in the price. If the change in porcentage of the demand is less than the pocentage of change in the price we talk about inelastic demand. An increase in the price of inelastic goods will result in bigger revenues, as the porcentage in the drop of sales is less than the porcentage of increase in the price.

The formula is: % in change demand/% in change of price

-3%/4= -0.75

The minus symbol indicates that when the price rises the demand decrease.

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3 years ago

Dynamic Production Services started the year with total assets of $130,000 and total liabilities of $50,000. The company is a so

____ [38]

Answer:

C) $40,000.

Explanation:

As we know, the net income is a difference between the total revenues and the total expenditure incurred

Net income = Total revenues earned - Total expenditure incurred

= $100,000 - $60,000

= $40,000

By subtracting the total expenses from the total revenues we can find out the net income and the same method is applied in the above calculation

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3 years ago

During January 2020 General Fund supplies ordered in the previous fiscal year and encumbered at an estimated amount of $2,000 we

ira [324]

Answer:

Expenditures-2020 in the amount of $200

Explanation:

General fund supplies made last year were an estimated amount of $2000 was spent. So for last year there would have been a debit and credit leg for this transaction as.

In the present year 2020 it was received at an actual cost of $2,200. The excess cost (2,200-2,000= $200) must be recognised.

So the debit is passed into expenditures for this year 2020 for amount $200.

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3 years ago

Adam Smith, the father of

Nonamiya [84]

Answer:

The "diamond-water" paradox.

Explanation:

Adam Smith in his book <em>The wealth of nations</em> posted a question consisting the comparison between the price of diamond and water.

His idea was that why the price of diamond is so high as it has no importance in human life, and why the price of water is so low when it is highly significant for human life. One cannot die, if he doesn't have a diamond under his pillow although he will die if water is not given to him for days.

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4 years ago

The Assembly Department of Protocol, Inc., manufacturer of computers, incurred $280,000 in direct material costs and $70,000 in

svetlana [45]

Answer:

$280

Explanation:

Calculation to determine what The cost per equivalent unit of production for direct materials is

Cost per equivalent unit of production= Direct material costs ÷ direct material units

Cost per equivalent unit of production= $280,000 ÷ 1,000 units

Cost per equivalent unit of production= $280

Therefore The cost per equivalent unit of production for direct materials is $280

6 0

3 years ago