Answer:
The $885,000 was transferred to Finished Goods
Explanation:
The computation of the transferred amount to finished good is shown below:
= Material used + labor cost + overhead cost
where,
Overhead cost = (Expected overhead ÷ estimated labor) × actual labor cost
= ($300,000 ÷ $200,000) × $150,000
= 1.5 × $150,000
= $225,000
The other items values would remain the same
Now put these values to the above formula
So, the value would equal to
= $510,000 + $150,000 + $225,000
= $885,000
Answer:
A greater saving will reduce the impact of the multiplier.
Explanation:
A multiplier generally refers to the factor that amplifies or increase the initial change of something else.
In economics, multiplier refers how change in spending or saving results into a larger change in local output and income.
Since addition of marginal propensity to consume (MPC) and marginal propensity to save (MPS) is equal to 1, the formula for calculating a multiplier can be stated as:
Multiplier = 1/(1 - MPC) or 1/MPS
From the question therefore, when MPS = 0.10, we have:
Multiplier = 1/0.10 = 10
When MPS is increases to 0.20, we have:
Multiplier = 1/0.20 = 5
Since 5 is less than 10, a greater saving will therefore reduce the impact of the multiplier.
Construction expenditures should be debited when <u>D. The bill is approved for payment.</u>
<u>Explanation:</u>
In the above scenario, Acme Construction Co. submitted bill amount of $1,200,000 on a construction contract. The payment of the bill was approved on May 2. According to the contract, 10% was subject to retention.
This construction expenditure is debited when the bill is approved for payment. Contract includes all the details regarding payment and terms and conditions between the companies or parties.
Once the bill submitted by company is approved, then the retention amount will be automatically debited.
Answer:
When the price of a necessity increases, demand is likely to be <u>constant </u>because consumers <u>need </u>that product to survive. However, when the price of a luxury good increases, consumers may <u>not buy it</u> because the good is not crucial to survival. Thus, the demand would be <u>decreasing.</u>
Explanation:
Changes in prices do not affect the demand for necessary goods in price. Consumers need products to survive. Luxury goods are not a necessity for life. When the price goes up, the demand goes down.
Answer:
1) use Information Technology and Information Systems.
- Big data, cloud computing, internet of things and mobile digital platforms.