The accounting equation can be stated as

The hiring of applicants based on criteria that are not job-related is called:

Cloud [144]

<span>The hiring of applicants based on criteria that are not job-related is called job discrimination. Job discrimination usually happens when a person is judged based on his/her gender, race, nationality, disability, religion or age. His/her relevant skills related to the job are not considered. </span>

6 0

3 years ago

The journal entry required to close the Drawing account is _____. a debit to Income Summary account and a credit to Drawing acco

Alex_Xolod [135]

The journal entry required to close the Drawing account is debit to Income Summary account and a credit to Drawing account.

Option a) is correct.

<h2>What is Income Summary account ?</h2>

An income summary is a temporary account that is used to net the closing entries from all the revenue and expense accounts at the conclusion of the accounting quarter. The final balance is regarded as a gain or loss. The company made a profit for that year if the net balance of the income summary is a credit balance, and a loss for that year if the net balance is a debit balance.

It lists all earnings and costs related to both operational and non-operating operations. It is also known as a revenue and expense summary as a result.

Learn more about Income summary Accounts here:

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8 0

1 year ago

If Kindle e-readers and Nook e-readers are substitutes, a higher price for Nooks would result in a(n) ______.

lara31 [8.8K]

Answer: a) increase in the demand for Kindles.

Explanation: the substitution effect for substitute goods gives that, if the price of good A rises, the demand for good B rises. Since a substitute good is a good that can be used in place of another, they are goods that a consumer perceives as similar or are comparable, in such a way that having more of one good causes the consumer to desire less of the other good. From the viewpoint of price, and given that consumers always prefer to spend less in instances where two goods are substitutes, it then means that Kindle can be used and preferred in place of Nooks given that the price of Nooks had gone up. Therefore, increasing the price of Nooks causes a corresponding increase in the demand for Kindles.

3 0

2 years ago

There will be a lower equilibrium price and quantity if

denis23 [38]

Answer: demand decreases and supply stays the same

Explanation:

The equilibrium price refers to the price whereby the quantity of goods that's demanded and the quantity of goods that's supplied is equal.

On the other hand, the equilibrium quantity is gotten when the quantity of goods demanded and supplied are equal. This is gotten when the demand curve and the supply curve intersects.

It should be noted that there will be a lower equilibrium price and quantity if

In a situation whereby the demand increases and the supply remains the same, the equilibrium quantity and the equilibrium price will increase and vice versa.

8 0

2 years ago

Home Products, Inc., is planning the introduction of a new food dryer. To compete effectively, the dryer would have to be priced

lys-0071 [83]

Answer:

The Target cost per dryer will be $35 per dryer

Explanation:

First, we need to calculate the required return

Required return = Investment x Required rate of return

Where

Investment = $600,000

Required rate of return = 25%

Placing values in the formula

Required return = $600,000 x 25% = $150,000

Now calculate the return per dryer

Return per dryer = Required return / Expected sale = $150,000 / 30,000 = $5 per dryer

Now use following formula to calculate the target cost per dryer

Return Per dryer = Selling price per dryer - Target cost per dryer

$5 per dryer = $40 per dryer - Target cost per dryer

Target cost per dryer = $40 per dryer - $5 per dryer

Target cost per dryer = $35 per dryer

8 0

2 years ago