Consumers affect which goods and services are produced because they are the primary purpose why businesses offer goods and services in the first place. The market is difficult to estimate because it is highly dependent on the whims of the consumers. So, if the trend suggests that a certain type of goods is not anymore socially famous, then consumers would stop patronizing them. In the end, businesses would have to find more ways to innovate so as to keep up with the consumers' interests.
Answer:
it is the total value of goods produced and services provided in a country during one year.
Explanation:
Answer and Explanation:
The classification is as follows
1. The bob is employed as he is an old professor
2. Cho is unemployed as she is laid off and she is trying to find any kind of job
3. Eric should not be counted in a labor force as he became so discouraged due to which he gave up for the job searching
4. Lucia is unemployed as she lost her job
5. Eric should not be counted in a labor force as he spent most of his time in gardening and reading
6. Ginny should not be counted in an adult population as she is only 11 years old
Answer:
transferred out (COGM) 131,000
Cost of goods sold: 129,000
Explanation:
DM used 46,500
Direct labor 27,500
Overhead <u> 55,000 </u>
Total: 129,000 cost added for the period
Then, we calcualte the amount transferred-out:
Beginning WIP 14,000
Cost added 129,000
Ending WIP (12,000)
Trasferred out: 131,000 (cost of goods manufactured)
And finally, the cost of goods sold for the year:
Beginning FG 16,000
Trasferred out 131,000
Ending FG (18,000)
COGS: 129,000
Answer:
amount debited to bad debt expenses = $4794
so correct option is C.$4,794
Explanation:
given data
Outstanding account receivable = 95250
credit balance of allowance for doubtful account = 921
rate = 6 %
solution
we get here Allowance for doubtful accounts that is
Allowance for doubtful accounts = 6 % of 95250
Allowance for doubtful accounts = 5715
and
so here amount should be debited to bad debt expenses is
amount debited to bad debt expenses = 5715 - 921
amount debited to bad debt expenses = $4794
so correct option is C.$4,794