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3 years ago

11

This type of pay is defined as added pay for employees that have reached the maximum of a pay grade and are unlikely to move int

o higher grades.

1 answer:

Anna71 [15]3 years ago

5 0

The answer is <span>longevity pay.</span>

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The sales era emerged because of an increased need to move products during the Great Depression.

marissa [1.9K]

I think it’s false because no one was buying anything during the depression

4 0

3 years ago

AC Corporation has beginning inventory of $9,049, accounts payable of $7,212, and accounts receivable of $6,333. The end of year

labwork [276]

Answer:

The AC Corporation takes 46 Days average to pay back its accounts payable.

Explanation:

Average Accounts Payable = $7863.5

Cost of Goods Sold = $63,008

Number of Days in Accounting Period = 365

Days Payable Outstanding = (Average Accounts Payable / Cost of Goods Sold) x Number of Days in Accounting Period

Days Payable Outstanding = ($7,863.5 / $63,008) x 365

Days Payable Outstanding = 45.55

Therefor, the company takes an average of 46 days to pay back its accounts payable.

3 0

3 years ago

The price elasticity of a good will tend to be larger:a)the longer the relevant time period. b)the fewer number of substitute go

Butoxors [25]

The price elasticity of a good will tend to be larger if the fewer number of substitute goods will be available.

The cross elasticity of demand for substitute goods is always positive because the demand of one good increases at the time when the price for the substitute good increases however the cross elasticity of demand for complementary goods is always negative.

For example, if the price of coffee rises, the quantity demanded for tea which is the best substitute of coffee beverage will increase as consumers will switch to a less expensive but the substitutable alternative.

This is reflected in the cross elasticity of the demand formula, as both the numerator which is the percentage change in the demand of tea and denominator which is the price of coffee shows a positive increase.

To know more about price elasticity of demand here:

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#SPJ4

7 0

1 year ago

J Crane, Ltd. is a local coat retailer. The store’s accountant prepared the following income statement for the month ended Janua

kari74 [83]

Answer:

J Crane, Ltd

Contribution Margin Income Statement

For the Month ended January 31 YY

$ $

Sales revenue 750,000

Less Variable cost :

Cost of goods sold 300,000

Selling expenses 19,500

Admin Expense <u> 37,500</u>

<u> 357,000 </u>

Contribution Margin 393,000

Less Fixed cost :

Selling expense 4,060

Administrative expense <u> 12,000</u>

<u> 16,060 </u>

Net income <u> </u><u>376,940</u>

<u />

<u>Working:</u>

Number of Coat sold = 750,000/250 = 3000 coats

Variable costs:

Selling expenses = 6.5 x 3000 = 19500

Admin Expense = 750,000 x 5% = 37,500

Fixed cost:

Selling expenses = 23560 - 19500 = 4060

Admin Expense = 49,500 - 37,500 = 12,000

4 0

3 years ago

Determining Net Cash Flow from Operating Activities: Burch Company reported the following items in its balance sheet and income

Tanya [424]

Answer:

$9,000

Explanation:

The cash flow statement is the financial statement where the cash flows from the various activities of a business are recorded. These activities include Operating, Investing and Financing. The statement may be shown using gthe direct or indirect method.

The operating activities include the changes to current assets and liabilities. Increases in assets (apart from cash) represents an out flow of cash while increases in liability represents and in flow of cash and vice versa.

The net cash flows from operating activities using the indirect method

= -5000 - 20,000 + 10,000 + 25,000 - 1,000 (all amounts in $)

= $9,000

This represents a net inflow.

3 0

3 years ago