Answer:
by the equilibrium between supply and demand for workers
Explanation:
Wages are the amount to pay workers for a particular job when employed. Therefore, determining the wages for a particular job is mostly dependent "on the equilibrium between supply and demand for workers, " and sometimes location.
This is because the higher the number of workers available, the lesser the employers would be willing to increase the wage level of employees given the fact that they can easily find another employee. However, where there is a lesser number of employees for a particular job, the employers would be willing to increase the employees' wages to entice them.
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Answer:
$2,540
Options are inconsistent with given question
Explanation:
Allowance for uncollectible accounts is a contra asset account and it has credit nature. It needs to be debited to decrease the balance and credited to increase the balance. Balance of this account is adjusted in the account receivable to report the net receivable balance in the balance sheet.
As per given data
Beginning allowance for uncollectible accounts balance = $3,700
Write off is the adjustment mad in this account and it needs to be debited in this account, this transaction will reduce the balance.
Adjusted Balance = $3,700 - 2,700 = $1,000
Credit sales = $118,000
Estimated allowance for uncollectible accounts balance = $118,000 x 3% = $3,540
As allowance for uncollectible accounts has already have balance of $1,000, Bad debt expense for the year is $2,540 ($3,540 - $1,000).
Explanation:
The computation of the contribution margin per unit is shown below:
Burt for that first we have to determine the variable expense per unit which is shown below:
Variable costs per unit = $330,000 ÷ 15,000 units
= $22
Now the contribution margin per unit is
= Selling price per unit - variable expense per unit
= $25 - $22
= $3
Therefore, the special order is accepted
And, the preparation of the contribution margin income statement is shown below:
Sales (4,000 clocks × $25) $100,000
Less: Variable cost (4,000 clocks × $22) ($88,000)
Contribution margin $12,000
