Answer:
Breaking through the stress in the room
Answer:
wages and prices that do not respond to decreases in demand.
Explanation:
As we know that the price is always adjusted to equate the quantity supplied with the quantity demanded
but in the case of the macroeconomy the situation of the excess supply is already existed for a longer period this is caused in the case of the wages and prices when they are not able to respond when there is a reduction in the demand
Therefore the same is to be considered
Answer:
Cost Classification :
a. Aircraft engines = direct materials cost
b. Controls for flight deck = direct materials cost
c. Depreciation of welding equipment = factory overhead cost
d. Landing gear = direct materials cost
e. Machine lubricants = factory overhead cost
f. Salary of plant superintendent = factory overhead cost
g. Tires = direct materials cost
h. Wages of assembly line worker = direct labor cost
Explanation:
direct materials cost,
This is the cost of materials directly traced to the Product manufactured.
direct labor cost,
This is the cost of factory labor directly traced to the Product manufactured.
factory overhead cost
This is the factory costs incurred not directly traced to the Product being manufactured
Answer: A. The supply is more elastic than the demand
Explanation: When the supply of a product is more elastic than the demand the buyer of a good will bear the larger tax burden, when the demand for a good is more elastic than the supply the producer will bear the larger burden of the tax. When the tax placed on buyers of a product increases, the buyers will have to pay more for the good,this will lead to a reduced effective income for the sellers and generally Demand will become less elastic while the supply will now become more elastic as consumer preference will tend to reduce.
Answer:
Option A is the correct answer,no adjustment is needed.
Explanation:
When related companies sell to each other,the sales transaction is not sales in actual sense,as it is likened to the left hand of an individual exchanging cash with the right hand,in other words, the cash is still owned by the same person.
The same concept is applicable to subsidiaries and parent,the sales recorded from a group perspective is when they sold to external third parties.
When sales happen between related companies, a provision for unrealized profits has to be made to the tune of inventory purchased from related companies not yet sold externally,as the whole of the goods have been to third parties, no such provision or adjustment is required.