Answer:
The correct answer is D
Explanation:
The journal entry to be recorded for the salary is as:
Salary expense A/c...........................Dr $12,000
Salary Payable A/c...........................Cr $12,000
Being the salary which is paid weekly, become accrued
Working Note:
Single day amount = Weekly payment / Number of days
= $30,000 / 5
= $6,000 per day
So, computing for 2 days (Monday and Tuesday) salary as:
Amount = Per day salary × Number of days
= $6,000 × 2
= $12,000
Answer:
Globalization of markets and brands
Correct option A
Explanation:
Globalization has enabled firms to specialize and to increase the intensity of R&D, innovation and capital in their output.
Globalization has made it easier for new companies to start competing with old companies.
Globalization has made companies to increased the number of people that it employs, both through exports and imports.
Answer:
price elasticity of demand = -2.05, price elastic, or in absolute terms 2.05, price elastic
Explanation:
the formula to calculate price elasticity of demand is:
PED = % change in quantity / % change in price
- % change in quantity = [(195 - 472) / 472] x 100 = -58.69%
- % change in price = [($0.99 - $0.77) / $0.77] x 100 = 28.57%
PED = -58.69% / 28.57% = -2.05
Generally when we calculate PED we use absolute values, i.e. this PED = 2.05. When PED > 1, price elastic, which means that any change in price will result in a larger change in quantity demanded. When PED < 1, price inelastic, which means that any change in price will result in a smaller change in quantity demanded. When PED = 1, unit elastic, which means that any change in price will result in a proportional and inverse change in quantity demanded.
To solve for units sold at an income of $200,000:
First, I would subtract the variable cost of $8 from the unit sales price of $18 dollars which gives you $10.
Unit profit = $10
Fixed costs = $200,000
How many units need to be sold to earn an income of $200,000?
40,000 units x $10 = $400,000 - $200,000 = $200,000
40,000 units need to be sold to earn an income of $200,000.
Answer:
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