Control environment serves as control component of an internal control system that refers to the attitude of employees in the organization.
<h3>What is Control environment?</h3>
Control environment can be regarded as attitude toward internal control as well as control consciousness which is been followed by an organization.
It is the control of management and the employees of an organization.
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Answer:
1. Cost of Leather
Leather strips cost $12 as a standard for labor.
Cost of Leather = $12 * quantity
Cost of Leather = $12 * 92,000
= $1,104,000
2. DIrect Labor Cost
Costs $9 per the amount of time it takes to produce the belts.
Labor Cost = 9 * 92,000
Labor Cost = $828,000
Answer:
Vincent and Jean are two cooks who work in a village. Each of them can either bake cakes or make pizzas. Every ingredient is readily available to them, and the only scarce resource is the cook's time. Vincent can bake 10 cakes or make 5 pizzas in an hour. Jean can bake 12 cakes or make 8 pizzas in an hour
Which cook has the absolute advantage in baking cakes?
Jean has the absolute advantage in baking cakes
Which cook has the absolute advantage in making pizzas?
Jean has the absolute advantage in making pizzas
Which cook has the comparative advantage in baking cakes?
Vincent has the absolute advantage in baking cakes
Which cook has the comparative advantage in making pizzas?
Vincent has the absolute advantage in making pizzas
Explanation:
Answer:
The answer is: Since the price elasticity of demand is lower than -1, then you should lower the price of your goods.
Explanation:
Price elasticity of demand is almost always negative, since a decrease in the price of a product should increase the quantity demanded for that product. In this case the price elasticity of demand is -1.5, that means that if you lower your price by 1%, you should be able to sell 1.5% more products. So when you lower your price, your total revenue should increase due to higher sales.
Answer:
deduction
Explanation:
The moving expense deduction was almost eliminated by the last tax reform, Tax Cuts and Jobs Act of 2017, at least until 2026. Currently only active members of the military and their families can claim a moving expense deduction or any type of reimbursement related to moving expenses.