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3 years ago

If productivity increases significantly and demand is not very elastic, what is likely to happen?

Business

2 answers:

V125BC [204]3 years ago

8 0

Answer:

Explanation:

spayn [35]3 years ago

4 0

Answer:

B. Fewer workers will be needed.

Explanation:

Elastic demand refers to a flexible demand. It is a demand that can increases or decreases due to several factors. If demand is not elastic, it implies it is constant. An increase or decrease in output or price will not affect the quantity demanded.

An increase in productivity means an increase in output per worker. It is the increase in the number of units produced, per hour, per worker. An increase in productivity results in more output in a given period than previously.

If the demand is constant and there is an increase in productivity, only a few workers will be required. The output from the few workers will be high to meet the constant demand.

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Amberjack Company is trying to decide on an allocation base to use to assign manufacturing overhead to jobs. The company has alw

svetoff [14.1K]

Answer:

Results are below.

Explanation:

Giving the following information:

Estimated Value Actual Value

Manufacturing overhead cost $732,000 $842,000

Direct labor hours 14,640 hours 16,600 hours

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 732,000 / 14,640

Predetermined manufacturing overhead rate= $50 per direct labor hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 50*16,600

Allocated MOH= $830,000

Finally, the over/under allocation:

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 842,000 - 830,000

Underapplied overhead= $12,000

8 0

3 years ago

The incentive to improve material well-being by seeking to gain from economic activities is called

Brums [2.3K]

Answer:

Profit Motive

Explanation:

Profit is the monetary gain or commercial reward for engaging in business. Profits increase the wealth of the entrepreneur.

The primary reason why Businesses are established is to generate profits for the owners. Entrepreneurs commit their resources, time, and efforts to avail goods and services to society expecting to make profits. The desire to increase wealth through profits is what drives people to start a business.

8 0

2 years ago

Culver Corporation earned $262,000 during a period when it had an average of 100,000 shares of common stock outstanding. The com

Westkost [7]

Answer:

a) The warrant are Dilutive

b) Basic EPS $2.62

c) Diluteed EPS = $2.31

Explanation:

a) The warrants are dilute because the cost of exercising the rights is lover than the market price

b) Basic Eps = Total Earning/Share Outstanding = $262,000/100,000 = $2.62

c) Diluted Eps = Earnings/(Shares outstanding+potential shares)

= $262,000/(100,000+13,500) = $2.31

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3 years ago

In king's view, what three qualities must a movement have in order to achieve the goal of integration?

Novay_Z [31]

Answer:

Martin Luther King Jr. believed that in order for an integration movement to be successful, it had to be:

organized in a militant manner: members must be vigorously active supporting the cause
the movement must have a mass character: must include everyone, not just some selected individuals
the movement must reject (repudiate) violence

If a movement doesn't embrace peace, then it will generate conflict and violence. If the members are passive, there ideals will not be noticed. If the movement does not include everyone, then it will create more segregation.

3 0

3 years ago

ABC sells 28 units for $50 each on December 15. Of the units sold, 14 are from the December 7 purchase and 14 are from the Decem

LekaFEV [45]

Answer:

Closing inventory based on Specific IDENTIFICATION

7 Dec purchase ( 20-16) = 4 * $16 = $64

14 Dec purchase ( 35 -14) = 21*$24 = $504

21 Dec purchase 30*$29 = $870

closing inventory 31 Dec = $1438

Explanation:

The question is incomplete but here is a complete one

Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 30 units for $40 each.

Purchases on December 7 20 units @ $16.00 cost

Purchases on December 14 35 units @ $24.00 cost

Purchases on December 21 30 units @ $29.00 cost

Required:

Monson sells 30 units for $40 each on December 15. Of the units sold, 16 are from the December 7 purchase and 14 are from the December 14 purchase. Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory when costs are assigned based on specific identification.

5 0

3 years ago