Answer:
C) supply is perfectly inelastic.
Explanation:
In the case when the supply is perfectly non-elastic so the demand would measures the price entirely that means it calculated the overall price at the time when there is a perfectly non-elastic supply
So according to the given scenario the option c is correct
And, the rest of the options are incorrect
So the same is relevant
Answer:
Explanation:
. You can hire someone to keep your books but, you'll still need to know how to read, understand, and interpret basic accounting reports in order to make good business decisions and also for you to be able to know if someone is committing fraud. A basic knowledge will assist you in all this.
It is virtually impossible to smoothly run a business without being able to read, understand, and analyze accounting reports and financial statements
Answer:
Yes, the statement is true.
Explanation:
Business owners and/or managers prefer to hire people referred this way because it has an additional layer of trust and performance assurance.
If a person refers someone personally to another, she/he will be putting her reputation at stake, hence it will be more careful with who she/he refers to. That would not happen if the referral happened thru another way, such as a curriculum data base.
Answer:
The cost of completing a unit during the current period was?
$35.95 per unit
Explanation:
COST FROM BEGINNING INVENTORY 500 units:
direct materials $2,500, 100% complete
Conversion cost $6,200, 60% complete
COST FROM CURRENT PERIOD 4,500 units started and completed, 340 units left in ending inventory:
- 30% complete to conversion cost
- 100% complete to direct materials
current period costs:
- direct materials $22,252
- conversion costs $150,536
equivalent units of production:
- direct materials = 4,500 + 340 = 4,840
- conversion costs = 4,500 + (500 x 40%) + (340 x 30%) = 4,802
cost per equivalent unit:
- $22,252 / 4,840 = $4.60 per unit
- $150,536 / 4,802 = $31.35 per unit
- total = $4.60 + $31.35 = $35.95 per unit
Warranty expense is the value associated with a faulty product repair, replacement, or refund. A warranty comes with a warranty duration in the course of which the seller or manufacturer of the good is in charge for any defects that can also appear all through the use of the product.
<h3 /><h3>Is warranty an amassed expense?</h3>
Expense Warranty (Accrual) approach – if the assurance is inseparable from the product being sold and guarantee charges are probably and can be fairly estimated, accrue these prices as a liability in the 12 months of sale.
<h3>When Should assurance fee be recorded?</h3>
Therefore, a corporation should report in the duration of the sale the estimated fee of repairing or changing the product at some point of the guarantee period. That expected price is recorded as a liability on its stability sheet and as an fee on its profits statement.
Learn more about warranty expense here:
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brainly.com/question/14070965</h3><h3 /><h3>#SPJ4</h3>