Answer:
A tax cut does not cause workers to work significantly more hours. C).
The one who receives the benefits and profits from a joint-stock company are the shareholders, the board of directors, from the higher hierarchy to the lowest position in the company can have benefits and can profit but it only depends on where in the hierarchy they are in to identify how much will they have.
Answer:
A CPA (Certified Public Accountant) can issue an unqualified financial statement. So the explanatory information provided is True.
Explanation:
A CPA can issue an unqualified report or clean report this menas that all aspects of the company economy are being covered, this doesn't means that your business presents good economic health, instead it represents that the statement is transparent.
Answer:
<em>Small changes in price can have big effects on the number of units sold and also on company profit</em>
<em></em>
Explanation:
Small change in price will definitely have an effect on the amount of units sold due to a corresponding change in demand that will follow this change, and also will affect the amount of profit that the company generates. <em>This changes can either be positive or negative to the company</em>. Example is the increase in price of coca-cola might trigger customers into switching to pepsi-cola, resulting in a reduced demanded quantity which means less units are produced. The overall effect of these will leave the company with less profit.
Answer:
Total cost= $8,966
Explanation:
Giving the following information:
Direct materials $3,991
Direct labor-hours 85 labor-hours
Direct labor wage rate $13 per labor-hour
Machine-hours 129 machine-hours
The predetermined overhead rate is $30 per machine-hour.
The total cost is calculated as follow:
Total cost= direct material + direct labor + allocated overhead
Total cost= 3,991 + (85*13) + (129*30)
Total cost= $8,966
