Answer:
$171,619.20
Explanation:
Calculation to determine what The budgeted accounts payable balance at the end of November is closest to:
Using this formula
Budgeted accounts payable balance= Budgeted cost of raw materials purchases in November -(Budgeted cost of raw materials purchases in November*Raw materials purchases in the month of purchase percentage)
Let plug in the formula
Budgeted accounts payable balance=$286,032 - ($286,032*40%)
Budgeted accounts payable balance=$286,032 - $114,412.80
Budgeted accounts payable balance= $171,619.20
Therefore The budgeted accounts payable balance at the end of November is closest to:$171,619.20
Elastic demand means that consumers are sensitive to price and that increased prices can lead to lower sales. There isn't enough information to fully answer this question. We don't know how elastic the demand is. If the demand is only slightly elastic, the increased price and lower demand could still equal higher profits.
Answer:
it is an easiest type of business to set up because it requires small capital to start but has many disadvantages such as bearing all the risks alone.etc
Answer:
The correct option is D
Explanation:
External cost is the form of an expense which occur while consuming or producing the goods and services that imposes the cost or expense ( with negative effect) on the third party.
If there are the external costs while consuming the good, then the social costs would be greater than the private cost.
So, the external cost is defined as the cost that is imposed without any compensation on someone other than the person who cause or incur it.
Answer:
Lack of efficiency.
Explanation:
As Trent Automobiles Inc. was expecting a large shipment of scrap metal and due to the fact that it could not arrive on time, the only way to compensate the loss was to make an urgent order for same quantity of scrap metal from a local manufacturer, which led the company to compromise on the quality. If proper track was kept and all the upcoming scenarios had been calculated before hand with a ready substitute raw materials before hand, this would have been not the result. Thus, this indicates a complete lack of efficiency from the side of management of the company.
