Answer:
True
Explanation:
A compensated absence is employee time off with pay, which can arise in such situations as sick leave, holidays, vacations, and jury duty. To account for compensated absences, it is not necessary to separately recognize them when they are earned and used within the same period, since it is typically rolled into the general compensation expense. However, they must be charged to expense and recorded as a liability when they are earned and their use is deferred to a later period.
An employer should accrue a liability for compensated absences payable to employees for their future absences, but only if all of the following conditions are met:
• The payment obligation for future absences is based on employee services already rendered.
• The amount of the obligation can be reasonably estimated.
• Payment is probable.
• The obligation is for employee rights that vest or accumulate.
Answer:
a. The socially efficient levels of abatement for UNC power plant is 10.
Explanation:
Note: See the attached Microsoft word file for the calculations of the anwers above.
Answer:
The adjusting entry includes a debit to Cost of Goods Sold and a credit to Merchandise Inventory for $3,200
Explanation:
Perpetual inventory is a method of accounting for inventory that records the sale or purchase of inventory immediately
The adjusting entry is calculated by subtracting the physical inventory account from the merchandise inventory account
Given
Physical Inventory Account= $63,000
Merchandise Inventory Account= $66200
Adjusting Entry = Merchandise Inventory Account - Physical Inventory Account
Adjusting Entry = $66,200 - $63,000
Adjusting Entry = $3200
Depends on the product you are intending on introducing to the public
Say you are developing a phone, what features does it have over Apple? Let’s say Apple released a new feature, the greatest touch screen by average standards, so how can you top that? You can’t cause it’s the “greatest” by average standards
Answer:
They are all price takers.
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods and services.
Market price is set by the forces of demand and supply. Therefore, firms are price takers. Because all firms sell identical goods, no seller can set the price for her goods. If a seller attempts to sell above the market price, it would lose patronage. A seller would have no incentive to sell below market price because they would be earning losses.
Perfect competition produces at : price = marginal cost = marginal revenue.
I hope my answer helps you
