Answer:
The answer is: setting product prices high enough for the company to be profitable.
Explanation:
Production cost refers to the <u>cost that a company has incurred from the moment it manufactured its product, towards the delivery until it provided the product or service to the customers. </u>Part of this cost are the taxes that are imposed on the product or service.
So, in order to control costs, the production cost report is being used by managers in order to set product prices high enough for the company to be profitable.
or example, if the production cost is higher than the sale price of a product, then the company could either l<u>ower their production cost or set their product prices high enough in order to be profitable.</u> If they cannot do both, then they could stop producing the product or service.
Answer:
Explanation:
The adjusting entry is shown below:
Wages Expense A/c Dr $6,300
To Wages payable A/c $6,300
(Being the wages are adjusted)
The computation is shown below:
= Five days salaries ÷ number of days in a week × given days
= $10,500 ÷ 5 days × 3 days
= $6,300
So, the wages expense is debited for $6,300 and wages payable is credited for $6,300
Answer:
The correct answer is D. New trade
.
Explanation:
The "new" theory of international trade. These theories are based on imperfect competition. Among them are the following:
- Opportunity Cost Theory, by G. Haberler. Work is not the only resource nor is it homogeneous. It is based on the opportunity cost of a good.
- Monopolistic Competition Model, by Paul Krugman.
The "latest" recent developments that incorporate differences between companies. In this category, differences between companies are considered to understand this area. Among them are:
- Conclusions of Bernard, Redding and Schott. Increase the productivity of the entire industry. The expansion of the production of the exporting companies implies an increase in the demand for factors and an increase in the price of the inputs.
- R. E. Baldwin and R. Forslid. Liberalization brings welfare gains.
<span>Demand<span> <span>refers
to how much of a product or service is desired by buyers. </span>The quantity demanded is the
amount of a product people are willing to buy at a certain price. The
relationship between quantity and price is called demand relationship.</span></span>
<span>Based
on the law of demand, <span>if all other factors remain equal, the higher the
price of a good, the lower the demand and the lower the price, the higher the
demand. So, when the price of a product goes down the demand will increase.</span></span>
Two of these unconventional compilers are TEX and Troff, are compilers
which translate documents of higher level into commands for either laser printer
or typesetters using a text editor. The third one is Query language processor for database
system, also considered compilers which translate language for example SQL into
primitive operation on files.
