1. Leadership skills
2. Ability to handle money
3. Ability to operate equipment safety
4. Organizational
<span>If the government were to impose an interest rate ceiling, it would aid in increasing the quantity of demand and it would expand the accessibility of loanable funds to the general public. However, it might impact the amount of profit received from interest.</span>
Clinton is probably asking himself which information he wishes he knew earlier, and if he made the right decision when weighing opportunity costs.
Answer:
b) adjusting entry will require a credit to Cost of Goods Sold.
c) Factory Overhead account has a credit balance of $300 before adjusting.
Explanation:
Given that
Actual Overhead = $1200 i.e. debited to the factory overhead account
And,
Applied overhead = $1500 i.e. Credited to the factory overhead account
So, the Factory overhead account has a credit balance of $300 prior adjusting
Also the applied overhead is higher than the actual one so the adjusting entry would needed to credit to the cost of goods sold
Answer:
Option C. Increasing volume substantially reduces production costs.
Explanation:
Skimming pricing is the strategy to charge the customer relatively high price because the product is innovative.
Option A is incorrect argument against skimming strategy because the argument would be in favor if there large potential customers in the market whom the company can charge higher prices.
Option B is also incorrect argument against skimming strategy because the high initial price of the product will not attract competitors because the product is in its growth phase.
Option C is correct argument against skimming strategy because selling at a lower price will enable the company to sell higher number of products which will enable the company to gain economies of scale which would reduce the production costs substantially.
Option D is incorrect argument because customers interpret the high price as signifying high quality which is again in the favor of the company's skimming strategy.
