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3 years ago

use the total revenue test to determine whether the demand for home heating oil is elastic or inelastic and why

1 answer:

6 0

Home heating oil is considered inelastic demand instead of elastic demand. Inelastic demand is when people will buy the same amount whether the price of the good drops or rises. People who buy home heating oil want their homes to be kept heated and warm, since they are buying it to serve a purpose like this, whether the price rises or drops they still will need it. Since they will need it regardless of price, they will continue to buy it and therefor it is inelastic.

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Nebraska Company uses the weighted-average method in its process costing system. The first processing department, the Welding De

vfiekz [6]

Answer:

Cost per equivalent unit for conversion costs for the month = $8.262

Explanation:

The weighted average cost of valuation does not separate the opening inventory from the units newly introduced when accounting for completed units in a production period.

To determine the cost per equivalent units using Weighted Average Method, follow the steps below:

Step 1: Determine the equivalent Unit

Completed units = 25000+ 97000- 28000 = 94000

Workings Equiva. Units

Completed units 94000 (94000 *100%) = 94,000

Closing WIP 28000 (28,000 * 10%) = 2,800

Total Equivalent units 96,800.00

Step 2 : calculate total conversion cost

= 51820+747970= 799,790.00

Step 3 = Cost per Equivalent unit per conversion cost

Cost per unit = Total conversion cost/total Equivalent units

= 799,790.00 / 96,800.00

= $8.262

Cost per equivalent unit for conversion costs for the month = $8.262

7 0

3 years ago

If bids on keywords in a bid strategy are manually overwritten, how long will it take for the bid strategy to resume bidding on

muminat

Answer: 24 hours

Explanation:

When the max CPC is manually overriden, the new max CPC will remain for 24hours, this would make the search Ads 360 optimization system not to update the max CPC during this time. After 24hours margin, the search Ads 360 will resume optimizing your bids inorder to meet the goals of bid strategy in turn starts the max CPC manually.

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3 years ago

Which of the following accounting concepts states that an accounting transaction should be supported by sufficient evidence to a

pshichka [43]

Answer:

The correct answer is the option C: Verifiability.

Explanation:

To begin with, the accounting concept of "Verifiability" indicates that the accounts of a company are verifiable in the cases when those accounts are reproducible so that indicates that given the same data and assumpitions it is understandable that an independent accountant can produce the same result the company actually did. Therefore that the verifiability is the concept that states that an accounting transaction should be supported by sufficient evidence to allow two or more qualified accountants to arrive at similar measures as it said before.

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3 years ago

Doug, a new manager, commented to a friend, "I am excited about different aspects of my new job. The company computers have ente

yuradex [85]

Answer:

Doug, the manager, referred to Data Science.

Explanation:

Data Science is a concept: high-end technology to statistics to make the analysis, management and understanding of both structured and unstructured data easier. Data science is applied to many fields, mostly to support the decision making. The person who conducts data science is called data scientist.

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3 years ago

How to writ introduction to a business plan

Sergeu [11.5K]

Answer:

The plan which is prepared by manager or owner for their business to attain the certain objectiveis known as business plan

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3 years ago