Answer:
wool purchased = 140,000 yards
Explanation:
given data
wool in each blanket = five yards
production budget = 30,000 blankets
beginning inventory = 30,000 yards
Ending inventory = 20,000 yards
wool costs = $10
to find out
How many yards of wool should Comfy purchase
solution
we get first production in yards that is
production in yards = 30,000 × 5
production in yards = 150,000
and
wool purchased will be
wool purchased = production - ( beginning inventory - Ending inventory)
wool purchased = 150,000 - ( 30000 - 20000 )
wool purchased = 140,000 yards
Answer:
Account Debit$ Credit$
Oct 1 Cash 30,000
Common Stock 30,000
Oct 2 NO entry 0
NO entry 0
Oct 3 Equipment 3,800
Accounts Payable 3,800
Oct 6 Accounts Receivable 10,800
Service Revenue 10,800
Oct 10 Cash 140
Service Revenue 140
Oct 27 Accounts Payable 700
Cash 700
Oct 30 Salaries and wages expense 3,000
Cash 3,000
Research that seeks to understand the nature or scope of a nation's criminal justice system is called descriptive comparative research.<span />
Answer:
Andrew has to rent 1114 rooms per month in order to break even
Explanation:
Break-even Point is the point at which the units sold (or revenue) by a firm <em>neither </em>makes a profit <em>nor </em>a loss.
<em>Break-even (units) = Fixed Cost / Contribution per unit</em>
= $59,000 / ( $91 - $38)
= $59,000 / $53
= 1113.207547
= 1114 rooms
Answer:
1<em>. Emergency surgery is less elastic than cosmetic surgery.</em>
<em>2. A cheeseburger at 2:00 am at a 24 hours restaurant is less elastic than a cheeseburger at 7:00 pm at a 24 hours restaurant.</em>
<em>3. Monthly electricity consumption is less elastic than yearly electricity consumption.</em>
<em>4. The wall street journal is more elastic than wall street journal at the airport.</em>
<em>5. Red cars are less elastic than all cars.</em>
Explanation:
1. Emergency surgery is a necessity and if there is necessity the demand will be inelastic.
2. At 7 pm there are more restaurant open so there will be more offer than 2 am, so if there is more offer the demand is more elastic.
3. Monthly electricity consumption is less elastic because, electricity tend to increase in long run because consumer have more time to adjust their behavior.
4. To buy wall street journal there are few places and less time in the airport than in other places to buy so demand will be less elastic.
5. If there are few substitute only red cars demand will tend to be inelastic. on the contrary, if there are more substitutes (any color car), the demand for the good will be elastic and its consumption can be replaced.