Answer: $1,350
Explanation:
The insurance is for 2 years but has to be apportioned monthly on account of the Accrual basis in Accounting where expenses will only be recognized when they are incurred.
The expense to be recorded for the first month will therefore be:
= 32,400 / 24 months
= $1,350
Answer:
a. education; b. housing; c. transportation; d. food and beverages; e. recreation; f. medical care
Explanation:
CPI or consumer price index represents the costs of basket of goods and services across the country on monthly basis and includes the following categories:
- housing
- apparel
- transportation
- education and communication
- other goods and services
- recreation
- medical care
- food and beverages
a. Education
b. housing
c. transportation
d. food and beverages
e. recreation
f. medical care
Answer:
Christy's demand for blackberries is elastic.
Explanation:
Christy purchases blueberries, blackberries, and strawberries. When the price of blackberries rises to a small extent, Christy will instead purchase strawberries or blueberries.
This shows that the demand for blackberries is elastic. Elastic demand refers to the situation when a small change in price causes the quantity demanded to change to a great extent.
Answer:
Code of ethics for its vendors
Explanation:
Code of ethics is the defined as the guide of principles that is designed or created in order to help the professionals in order to conduct the business with integrity as well as honesty.
The code of ethics also referred to as the ethical code, which might encompass the areas like employee code of conduct, business ethics and code of professional practice.
So, the business who is operating in many countries, they mandate that all contractors need to ensure the safety measures as well as implement the same and the workers are made to work 9 hours only. Therefore, the company has set code of ethics for the vendors.
