Answer:
d. Salary Expense
Explanation:
Salary Expense refers to the salaries or fixed payment by an organization to it's employees. It is an expense and as per the rules of accounting, "debit all expenses and losses, credit all incomes and gains."
Salary expense represents salary which has been earned whether paid or not, as per the accrual concept of accounting.
Thus, a credit balance in Salary Expense represents a likely error since such an account is usually associated with a debit balance, being an expense.
Answer:
Market Equilibrium is where : Market Demand = Market Supply . Any change in either of these changes the Equilibrium , Eqlbrm price & quantity.
Since , both the above shifts are linked to 'Change in Demand' , highlightig it undermentioned:
Demand : Quantity buyers are able & willing to buy , is affected by Factors - Price , Other Factors [Other Goods price , Income , Taste & preferences ] , Misclaneous (eg - seasonal factors) . Price makes change within the demand curve , other factors change (shift) the demand curve
a) Gasoline used to fuel vehicle combustion engines : faces more usage & demand in summers (seasonal factors) because of higher air conditioner use . This increase in demand (demand curve rightward shift) and excess demand creates competition among buyers & increases price .
b) Personal Computers : have been facing taste changes against them because of convenience associated with portable laptops . This leads to decrease in demand (demand curve leftward shift ) and excess supply creates competition among sellers & reduces price.
Answer:
$73,500
Explanation:
The computation of the absorption costing net operating income last year is shown below:
= Variable costing net operating income - inventory units × Fixed manufacturing overhead cost per unit
= $81,900 - 2,800 units × $3
= $81,900 - $8,400
= $73,500
We simply deduct the fixed manufacturing overhead cost from the variable costing net operating income to find out the absorption costing net operating income
The answer is D. It reduced their risk when cotton prices were low.