Increased use of current inputs in the production process is the short-term response of aggregate supply to rising demand (and prices).
A company can't, for the short term, build a new factory or introduce new technology to boost production efficiency because the level of capital is fixed.
What is short run and long run aggregate supply?
The intersection of the economy's aggregate demand and long-run aggregate supply curves determines its equilibrium real GDP and price level in the long run. The short-run aggregate supply curve is an upward-sloping curve that shows the quantity of total output that will be produced at each price level in the short run.
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Answer:
572 Favorable
Explanation:
Direct Labour efficiency Variance:
= (Standard Labour Hour - Actual Labour Hour) × Standard Rate
= [(78 connectors × 3 hours of direct labor per connector) - (190 hours)] × $13 per hour
= [234 hours of direct labor - 190 hours] × $13 per hour
= 44 hours × $13 per hour
= $572 Favorable
Therefore, Banner's direct labor efficiency variance for August is $572 Favorable.
Answer:
bad debt expense 885 debit
allowance for doubtful accounts 885 credit
Explanation:
expected uncollectibles
1.5% of AR = 99,000 x 1.5% = 1,485
current balance credit (600)
Adjustment 885
When calculating over account receivable, we stimated the allowance so we have to adjsut for the diference.
People migrating from other countries couples having more than two babies
Answer:
b. A truck held for resale by an automobile dealership
Explanation:
Property plant and equipment are physical or tangible assets used by an organization in the ordinary course of business. They include Land and building used in ordinary business operations, plant and machinery used in production, Land improvements, such as parking lots and fences etc. Such assets are usually depreciated as they are used and in accordance with the organization's policy. However, assets held for sale are not used by the organization in the ordinary course of business rather, the company holds them till such assets are sold. No depreciation is computed on the assets held for sale. Hence, from the options given, a truck held for resale by an automobile dealership is the only item held for sale and does not qualify for recognition as property plant and equipment. The right answer is b.
