<span>Palding hires an asian company to produce a specified volume of sports equipment that still carries spalding's name. this is an example of contract manufacturing. Contract manufacturing </span>occurs when a company hires a foreign company to produce a specified volume of the firm's product to specification. However, the final <span> product carries the domestic firm's name. </span>
Answer:
The answer is: C) $14,000
Explanation:
ABC Tax Planning Services paid six months of rent in advance, from January to July. It spends $7,000 per month on rent, so the six months prepaid rent would be $42,000. On April 30, 2018, ABC had already rented the offices for 4 months, so it had only two months left in its Prepaid Rent account, equivalent to $14,000 (2 x $7,000).
Federal income taxes are not included in the employer's payroll tax expense.
<u>Explanation:</u>
The monthly salary of the employees are calculated based on deducing some amount for various things. The net pay is only paid as the salary of the employer. Employer payroll can be calculated by deducting statutory and voluntary deductions from the total salary.
The statuary deductions are made by the employer on the compulsory basis whereas the voluntary deductions are based on wish of the employee. Some of the statutory deductions includes withholding of Federal income tax ,Social Security tax ,Medicare tax,Additional Medicare tax,State income tax and Various local tax.
Answer:
Scrum
Explanation:
Agile practices are used in the software development industry to solutions through collaboration between cross functional teams along with input from the customer.
This ensures that quality product is delivered in a timely manner.
We have two major methodologies in agile practice: scrum and Kanban.
Kannan is where a board is used that shows visually 3 items: to do, doing, and done. This drives the team to know where they are and what is coming next.
Scrum involves dividing the project into sprints and focusing on managing one sprint at a time. There is position for scrum master and product owner.
The given scenario where the team decides to work in a series of sprints, with brief daily meetings to ensure all team members collaborate effectively, is a scrum approach
The answer is normal goods.
A normal good, often known as a necessary good, refers to the degree of demand for the good in relation to wage growth or contraction rather than the quality of the good itself.
The relationship between income and demand for a typical good is elastic. To put it another way, changes in income and demand are connected positively or move in the same direction.
The amount by which the quantity demanded for a good changes in response to a change in income is measured as income elasticity of demand. It is employed to comprehend alterations in consumption habits brought by variations in purchasing power.
The income elasticity of demand for a typical good is positive but less than one.
Therefore, Normal goods demand will be more at the point during economic growth. So, inferior goods are sold more at the time of recessions due to less income.
Hence, in the given scenario, where Many gourmet shops go out of business during recessions since they sell almost exclusively normal goods.
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