Answer:
305,300 units
Explanation:
The computation of the number of units that should be transferred to the next processing department is given below:
As we know that
Opening inventory +Transferred in inventory = Transferred out inventory + ending inventory
25,300 units + 310,300 units = Transferred out inventory + 30,300 units
So, the Transferred out inventory is
= 25,300 units + 310,300 units - 30,300 units
= 305,300 units
Answer:
If the product we are selling has an elasticity of 1.6 we should lower the price to increase revenues
Explanation:
Elasticy in demand above 1 means that are elastic goods. So the percentage in the rise in the quantity demanded is superior to the percentage in the fall of the price, so it will increase revenues.
Answer:
D: $8,580
Explanation:
Land = $7,400*$ 15,600/13400
= $8,580
Therefore, The amounts would be debited to the Land account is $8,580.
<span>During the introduction stage of a product's life cycle, typically consumers are learning about the product. The product has just been launched and advertisements are made grabbing (hopefully) their new customers attention. During this stage, customers are getting filled with knowledge about a new product or service and how it can benefit them. </span>
Solution :
Correcting the errors by reversing the incorrect entry and then preparing the correct entry :
<u>Sl. No. </u> <u>Description</u> <u> Debit</u> <u>Credit</u>
1. Cash $600
Equipment $600
Salary and wages $600
Cash $600
2. Service revenue $450
Cash $450
Cash $4500
Account receivable $4500
3. Accounts payable $250
Equipment $250
Equipment $520
Accounts payable $520
