Answer:
b.work-in-process account.
Explanation:
When materials are requisitioned for use in production in a job-order costing firm, the cost of materials is added to the work-in-process account.
Following journal Entry is passed.
DR. Work in process xxx
CR. raw Material Inventory xxx
As work in process is debited in the above transaction, the cost of material is being added to it.
Answer:
Income elasticity of demand = - 0.56
Explanation:
Given,
P=10, Pc=100, Pd=2, A=5, and I=50.
So,
Q=200-5(10)-.1(100)-.5(2)+.2(5)-(50).
Q=90 (level of income)
Computation:
Given , I = 50, Q = 90.
ΔQ / ΔI = -1
Income elasticity of demand = (ΔQ / ΔI) x (I / Q)
Income elasticity of demand = - 1 x (50 / 90)
Income elasticity of demand = - 0.56
The Information Processing Theory
views the human mind like a computer or information processor and postulates
that Humans are limited in how much information they can process at any given
time. This approach to the study of cognitive development stemmed out of the
American experimental tradition in psychology.
"The marketing reasoning by which the business unit aspires to attain its marketing objectives," according to Kotler et al., is the definition of marketing strategy.
<h3>What is business ?</h3>
An organization or enterprising entity engaging in commercial, industrial, or professional activity is referred to as a business. Businesses can be for-profit corporations or charitable institutions. Limited liability firms, sole proprietorships, corporations, and partnerships are among the several types of businesses.
A business purpose reveals the driving force behind a company's establishment. It describes the company's objectives as well as what makes it unique. A mission statement and a value statement are both much longer than a company purpose.
To learn more about business from the given link:
brainly.com/question/15826771
#SPJ4
Explanation:
The journal entries are as follows
On January 1, 2020
No entry is required
On December 31, 2020
Compensation expenses Dr $71,500
To Paid in capital - stock options $71,500
(Being the compensation expense is recorded)
On December 31, 2021
Compensation expenses Dr $71,500
To Paid in capital - stock options $71,500
(Being the compensation expense is recorded)
The computation is shown below:
= $143,000 ÷ 2 years
= $71,500