Answer:
Maintenance total cost: 325,000
Cost Allocated to Packagin from Maintenance 162,500
Explanation:
We will divide the cafeteria cost by the sum of employees of the department and maintenance.
4+8+8 = 20
275,000/20 = 13,750
Then we multiply this by each department employees and add them to their cost.
Maintenance total cost after adding cafeteria is 325,000
Then we do the same, we divide this amount for the emplyees of the processsing department:
8 + 8 = 16
325,000/16 =20,325.5
Then we multiply by 8 employees: 162,500
Maintenance total cost: 325,000
Cost Allocated to Packagin from Maintenance: 162,500
Answer:
Attached below is the solution
Explanation:
Given data:
A) prepare the entries on both companies books
B) Prepare entries on both companies
hello attached below is the detailed solution
Answer:
Option (2) is correct.
Explanation:
A supply curve is a graphical representation of quantity supplied of a commodity at every price level. The law of supply states that there is a direct relationship between the price of the product and the quantity supplied of the product.
This is one of the main reason of upward sloping supply curve. This means that as the price of a product increases then as a result the quantity supplied for that good also increases.
Demand curve is a downward sloping curve which shows that there is an inverse relationship between the price of the good and the quantity demanded for that good.
1. Informs decisions
Economists provide information and forecasting to inform decisions within companies and governments. This knowledge of economics – or economic intelligence – is based on data and modelling.
2. Influences everything
Economic issues influence our daily lives. This includes issues such as tax and inflation, interest rates and wealth, inequality and emerging markets, and energy and the environment. A broad subject, economics provides answers to a range of health, social and political issues that impact households and wider communities.
3. Impacts industries
Firms of all sizes and industries have to rely on economics, whether that’s for product research and development, pricing strategies or how to advertise. This wide influence means studying economics can open up a variety of career options across all sectors of the economy, from agriculture to manufacturing, to banking and consultancy.
4. Inspires business success
Understanding how consumers behave is vital for a business to succeed. Economists use theories and models to predict behaviour and inform business strategies. For example, how to analyse ‘big data’.
5. International perspective
Economics affects the world we live in. Understanding domestic and international perspectives – historic and current – can provide a useful insight into how different cultures and societies interact. For international corporations, understanding the world economy is key to driving success.
Answer:
C. leftward shift of the demand curve.
Explanation:
A normal good is a good whose demand increases when income increases and falls when income falls.
The demand curve is represented as downward sloping curve. It slopes downward because the higher the price, the lower the quantity demanded and the lower the price, the higher the quanirty demanded.
A fall in demand is represented by a leftward shift of the demand curve. A rise in demand is represented by a rightward shift of the demand curve.
Factors that leads to a leftward shift of the demand curve:
1. Decrease in income
2. Change in taste - if consumers prefer other products
3. Season
4. Fall in price of substitutes
I hope my answer helps you