Answer:
Tough Jeans Company
Production Budget For the Year Ending December 31
Working Life Social Life
Budgeted Sales 400,000 250,000
Add Budgeted Closing Inventory 7,500 10,000
Total 407,500 260,000
Less Budgeted Opening Inventory (9,000) (18,000)
Budgeted Production 398,500 242,000
Explanation:
A Production Budget is prepared to determine amount of units required to meet the Sales and Inventory targets during the year.
Answer:
C.
Explanation:
Because I answer that I, m right
Answer:
Control monopoly power preserve and promote competition.
Explanation:
Antitrust laws are rules that are put in place to ensure equal economic rights in business. This law enforces different types of businesses to follow an orderly and structured form of competition in the market.
Antitrust laws promotes the production of different standard goods at the lowest possible price. This law is put in place to enable consumers choose from different alternatives present in the market.
Antitrust law encourages businesses to cut down their cost and produce more quality products.
Answer and Explanation:
The adjusting entry is shown below:
Salary expense Dr ($17,250 ÷ 5 days × 2 days) $6,900
To Salary payable $6,900
(Being salary expense is recorded)
here salary expense is debited as it increased the expense and credited the salary payable as it also increased the liabilities
Answer:
This will lead to overestimation of CPI and inflation.
Explanation:
Suppose consumers buy two types of meat, beef, and pork. If the price of pork remains the same while the price of beef increases, the consumers will prefer the cheaper substitute. As a result, the demand for pork will increase and the demand for beef will decline.
If the Bureau of Labor Statistics does not include this substitution in the CPI calculation, it will cause the CPI to increase as the price of beef is increasing. But in reality, consumer spending has not increased as they are purchasing more of the cheaper substitute.
This will lead to the overestimation of both CPI as well as the inflation rate.
