Answer:
The journal entry is :
Debit : Work In Process $21,000
Credit : Direct Labor Cost $18,000
Credit : Indirect Labor Cost $3,000
Explanation:
The Work In Process Account is used to accumulate the manufacturing costs during the production period. Debit this Account with any costs incurred in manufacturing to show increase in the Product Cost and Credit the respective labor accounts to show decrease or utilization of these accounts. Note the remainder of costs of $18,000 goes to direct labor.
There are many ways to start saving for startup capital. An example is putting aside extra money, working an extra job, or stocks etc.
<span>Enthusiasm and Attitude</span>
Answer:
For maths; the student <u>would not </u>increase time studying
For English; the student <u>would</u> increase time studying
<u>Explanation:</u>
We can make this assertion because we are told that the children are from poor neighborhoods, so they have desire to ease their financial lack.
Further, because they do not see the importance of studying, they likely would avoid the extra effort of $98 for maths when they can exert $84 worth of effort for English which is lower.
Answer:
b. Firm A engaged in predatory pricing.
Explanation:
Since Firm A and B are the only two companies that sell mail-order DVD rental subscriptions.
Firm A decided to price its subscriptions below average variable cost thereby causing Firm B to also sell subscriptions below average variable cost, but they went bankrupt and exited the market. Firm A then raised prices by 40% and is currently earning large, positive economic profits.
Based on this information only, an argument can be made that Firm A engaged in predatory pricing.
Predatory pricing is a marketing or pricing strategy that involves lowering the cost of goods and services for a short-term, in order to lure competing firms to lower their price, thus causing them to go bankrupt and exiting from the market.
