Answer and Explanation:
The classification is as follows:
a. In the case when the quantity demanded is more than the price so it is a price elastic demand
b. In the case when the change in price of 1% lower than the change in quantity demanded so it is price inelastic demand
c. And, in the case where there is a change of 1% in a price that generated the 1% change in quantity demanded is unit elastic demand
Answer:
$8,550
Explanation:
Calculation for how much food cost should be charged to the other departments at the end of the month for performance evaluation purposes
Using this formula
Other departments Cost to be charged=Average other departments *Budgeted variable food costs
Let plug in the formula
Other departments Cost to be charged =190 employees x$45 per employee
Other departments Cost to be charged= $8,550
Therefore how much food cost should be charged to the other departments at the end of the month for performance evaluation purposes is $8,550
Answer and Explanation:
The preparation of the stockholders' equity section of the balance sheet for the company is shown below:
Common stock $410,000
Add: Preferred stock $1,700,000
Add: Retained earnings $1,250,000
Add: Additional paid in capital $6,900,000
Less: treasury stock -$660,000
Total amount $9,600,000
We simply added the all the items except the treasury stock as it is to be deducted and the same is shown above
Answer: False
Explanation: The PPC curve is one that illustrates the varying amounts of two products that can be produced when both depend on the same finite resources.
If an economy is operating at a point outside the production possibility curve (PPC) it indicates that the society is producing at an output level that is currently unattainable by its present economy . In other words, it implies growth and that more of both goods indicated by the PPC cannot be produced with the limited resources available.
Answer:
Explanation:
I have personally seen a successful job redesign where the managers rearranged the tasks and responsibilities of the workers but at the same time made sure that the new tasks fit the employee that was assigned those tasks/responsibilities. The managers went through each employee's skillsets and past experience and moved each employee around in the organization in order for each responsibility to have the most efficient employee handling it within the organization. This allowed everything to continue flowing without any problems.