The behavior of Albert is consistent with the law of demand.
The basic law of demand says that the higher the price of a commodity, the lower the quantity demanded; and the lower the price of a commodity, the higher the quantity demanded.
Albert went to his local store, hoping to buy a pair of Levi's for $30, however, when he got there, the price was lower at $18, he then decided to buy more than one because the price was lower. This is the law of demand taking place.
Answer:
January
Explanation:
The overtime wages should be expensed in January as in the month of february, wages will be accrued and it will be liablity for employer.
The overtime worked in month on january should be paid in january itself and overtime expense should be included in wages payable in the month of January. When wages are paid, the owner of the factory should debit the wages payable account and cash account should be credited as amount of casg paid to the employees. Wages are considered as operating expenses of factory.
Answer:
The correct answer is the option B: is much stronger in mass manufacturing
Explanation:
On the one hand, China is the among the most powerful countries in the world and part of that is thanks to the fact that they are the number one country in the planet who dominates the mass manufacturing. Most of the products of the world have a component that is fabricated or ensambled in China. Therefore that most of the products have the well famous phrase "made in China". And that is also due to the fact that the population of the country is one of the most highers in the world as well and most of them are workers who produce in the factories.
On the other hand, India is the one who has develop world-class information-technology services.
Answer:
True
Explanation:
Critics of globalization claim that, as globalization increases, countries' sovereignty (the freedom of national officials to act locally and without externally imposed restrictions) is diminished because as some of them say 'it is an economic tsunami', in the sense that - people of other countries 'invade' a country in the name of globalization and the locals of that country are expected to curtail their local customs and individual behavior to accommodate the foreigners. Also foreigners take some of the jobs that are available in the country to the 'detriment' of the locals
Secondly, 'the resulting growth consistently benefits the environment', because the gains of migration are not shared commonly among the locals, rather they could be invested in environmental projects to boost Tourism and attract more foreigners.
Thirdly, the statement that 'Some people lose both relatively and absolutely, and greater insecurity increases a personal stress.'is true because in cities like London and most other European capitals we have seen an increase in crime alongside the rise in immigration and globalization
Answer:
The budgeted cost of merchandise purchases is $527,000
Explanation:
The cost of merchandise purchases for May can be computed by first of all calculating the costs of goods sold,then by deducting closing inventory from costs of good sold and adding opening inventory,just like working backwards.
Sales $870,000
less margin($870,000*40%) ($348,000)
Cost of goods sold $522,000
Cost of goods sold =opening stock+purchases-closing stock
purchases=costs of goods sold+closing stock-opening stock
closing stock is $52000
opening stock is $47000
purchases =$522000+$52000-$47000
purchases= $527,000
