1. Formulate a unique business idea and state the mission and vision statements

Internet recruiting can limit the fairness in hiring because: a. individuals from lower socioeconomic groups mostly have limited

Kaylis [27]

Answer:

D. Excludes retirees who are interested in seeking new employment opportunities

Explanation:

Internal recruitment is the process by which an organization fills a job vacancy by hiring someone from the existing workforce. It is a cheaper method, the firm is familiar with the employee, thus less risk and the employee is also familiar with the firm, hence no induction training required.

Since only those who are already working are the only ones who would be eligible under internal recruitment, retirees will not be a part of the pool of potential workers, even if they may be possessing better skills and experience.

3 0

4 years ago

In research that investigated the jobs available to high school grads, six "new basic skills" were found to be necessary for job

fenix001 [56]

Being able to work with a team is important

7 0

4 years ago

Forest Components makes aircraft parts. The following transactions occurred in July. Purchased $16,950 of materials on account.

horrorfan [7]

Answer:

Forest Components

Journal Entries:

1. Debit Materials Inventory $16,950

Credit Accounts Payable $16,950

To record the purchase of materials on account.

2. Debit Work in Process Inventory $16,780

Credit Materials Inventory $16,780

To record the issue of materials to the production department.

3. Debit Manufacturing Overhead $1,340

Credit Materials Inventory $1,340

To record the issue of materials to the service department.

4. Debit Accounts Payable $16,950

Credit Cash Account $16,950

To record the payment for the materials purchased on account.

5. Debit Materials Inventory $2,020

Credit Work In Process $2,020

To record the record of materials.

6. Debit Work in Process $32,500

Credit Factory Wages $32,500

To record the direct labor cost.

7. Debit Manufacturing Overhead $17,250

Credit Accounts Payable $17,250

To record the purchase of miscellaneous items for the plant.

8. Debit Manufacturing Overhead $36,700

Credit Depreciation Expense $36,700

To record depreciation expense on manufacturing plant.

9. Debit Work In Process $30,875

Credit Manufacturing Overhead $30,875

To apply overhead for the month.

b. T-accounts:

Materials Inventory

Accounts Titles Debit Credit

Balance $12,320

Accounts Payable $14,930

Work in Process 2,020

Work in Process Inventory $16,780

Balance $12,490

Work-in-Process Inventory

Accounts Titles Debit Credit

Balance $11,755

Materials Inventory 16,780

Materials Inventory $2,020

Factory Wages 32,500

Overhead 30,875

Finished Goods Inventory 79,330

Balance 10,560

Manufacturing Overhead

Accounts Titles Debit Credit

Materials Inventory $1,340

Accounts Payable 17,250

Depreciation Expense 36,700

Work In Process $30,875

Finished Goods Inventory

Accounts Titles Debit Credit

Balance $2,700

Work in Process 79,330

Cost of goods sold 75,100

Balance $6,930

Cost of Goods Sold

Accounts Titles Debit Credit

Finished Goods 75,100

Explanation:

a) Data and Calculations:

Materials Inventory ? $12,490

Work-in-Process Inventory ? 10,560

Finished Goods Inventory $2,700 6,930

Cost of Goods Sold ? 75,1000

Predetermined overhead rate = $412,870/$434,600 = $0.95

Overhead applied = $30,875 ($0.95 * $32,500)

5 0

3 years ago

Alex Timbers, a wood supplier, receives an order of 10 wooden logs from a furniture manufacturing company. The client brief ment

tester [92]

Answer:

Inaccurate

Explanation:

The information that was given to Alex Timbers who was a wood supplier that furniture manufacturing company requires teak wood, this information was inaccurate.

Because we can see in the scenario which is mentioned in the question that the quality specialist of that furniture manufacturer company observes that the logs that was sent by Alex Timbers are very big, as the company itself ordered for teak wood, and we know that teak wood is very big. So, we can say that information provided by the company was inaccurate.

4 0

3 years ago

If price increases by 12 percent and quantity demanded decreases by 10 percent, demand is _________

Vinil7 [7]

Answer:

Demand is Inelastic

Jack : Substitution Effect dominates

Becky : Buy fewer hiking boots

Explanation:

Elasticity of Demand is responsive change in demand due to change in price. Demand is : Elastic - When proportionate change (% change) in demand > proportionate (% change) in price and Inelastic - When proportionate change (% change) in demand < proportionate change (% change) in price .

So, If price rise by 12% & demand decreases by 10% , Demand is Inelastic.

a. Substitution Effect is consumer's shift from dearer to cheaper goods & so, rise in demand of falling prices good , fall in demand of rising prices good . Jake buying lesser T shirts (relatively expensive) when price of Donuts fall (relatively cheaper) means Substitution Effect dominates for him.

b. Income Effect is price - demand inverse relationship, by change in real purchasing power due to price change. Price rise reduces real purchasing power, decreases demand & price fall increases real purchasing power, increases demand. Becky's paint brush price rise reduces her real purchasing power & she consumes less of both paintbrushes & hiking boots.

6 0

3 years ago