Answer:
Employment of low wage workers will decrease and which in turn increase the unemployment.
Explanation:
Perfectly competitive labor market, is the one which is described as the composite of many firms or companies that are in the competition for the workers. The firms will not be in power to set the wages for the workers, the market also determines the competitive wage.
But if this is a low wage labor and on that the government establish or form the minimum wage then it will result in the employment of the low wage workers will decrease and the consequence of which is increase in the unemployment.
Note: Options are missing so providing the direct answer
the board of governors of the federal reserve system
Answer:
b. increase in assets and an increase in liabilities.
Explanation:
The journal entry to record the direct labor cost used is shown below:
Work in process Dr
To wages payable
(Being the direct labor cost used is recorded)
Here the work in process is debited as it increased the assets and credited the wages payable as it also increased the liabilities
Explanation:
The journal entries are as follows
On December 31, 2020
Cost of goods sold $24,650
To Allowance for reduction in inventory to NRV $24,650
(Being the cost of goods sold is recorded)
It is computed below:
= $379,880 - $355,230
= $24,650
On December 31, 2021
Allowance for reduction in inventory to NRV $3,640
To Cost of goods sold $3,640
(Being the allowance for reduction is recorded)
It is computed below:
= $24,650 - ($445,440 - $424,430)
= $24,650 - $21,010
= $3,640
Answer:
D: Optimum Order size
Explanation:
Economic Order Quantity (EOQ) is a formula applied in logistic and supply chain management to calculate a business's ideal order size. As the name suggests, the order EOQ provides an order quantity that makes economic sense.
Economies of scale suggest that a bigger order size is better because the business will save transport costs. However, ordering in large quantities increases the cost of holding stock. The economic order quantity strikes a balance between these two important factors.
