Ergonomic Corporation convenes its employees for its managers to announce (1) a new company-wide ethical code of conduct, (2) an
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Answer:
Price inelastic.
Explanation:
Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.
In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.
A price elasticity of demand can be defined as a measure of the responsiveness of the quantity of a product demanded with respect to a change in price of the product, all things being equal.
Mathematically, the price elasticity of demand is given by the formula;
The demand for goods is said to be inelastic, when the quantity of goods demanded by consumers with respect to change in price is very small. Thus, the more easily a consumer can switch to a substitute product in relation to change in price, the greater the elasticity of demand.
Generally, consumers would like to buy a product as its price falls or become inexpensive.
In this scenario, the residents of California did not use less water even when the water company raised water prices. Thus, water is price inelastic.
Answer:
due to the limitation of brainly text document kindly check the attached images below to see the proper and organized accounting table containing the answer to the question
Explanation:
Allocation of service costs - Accounting
Particulars Calculation Maintenance Dept A Dept B Total
Number of
employees Given 2 8 4 14
Cost to be allocated $120,000 x 2/14 $17,142.86
$120,000 x 8/14 $68,571.43
$120,000 x 4/14 $ 34,285.71$
1,20,000.00
Allocation of service costs - Maintenance
Particulars Calculation Dept A Dept B Total
Machine hours Given 2300 200 2500
Cost to be allocated $317,142x 2300/2500 $ 2,91,771.43
$317,142x 200/2500 $ 25,371.43 $ 3,17,142.86
Particulars Maintenance Accounting Department A Department B
Department cost before allocation $ 3,00,000.00 $ 1,20,000.00 $ 3,00,000.00 $ 5,00,000.00
Allocation:
Accounting Department $ 17,142.86 $ -1,20,000.00 $ 68,571.43 $ 34,285.71
Balance $ 3,17,142.86 $ - $ 3,68,571.43 $ 5,34,285.71
Maintenance Department $ -3,17,142.86 $ 2,91,771.43 $ 25,371.43
Total Costs after allocation $ - $ 6,60,342.86 $ 5,59,657.14
B. The joint cost to be allocated to product X will be in the proportion of Net realizable value at the point of split off. Further total joint costs should be reduced by the revenue from by product Z.
