Answer:
B. Decrease
Explanation:
Base on the scenario been described in the question, when the P.HD in economics increase, it will in turn make the equilibrium wage to increase. The labor market, sometimes called as the job market, refers to the demand and supply for labor in which employers provide the demand and employees the supply
Answer:
command economy and capitalism
Explanation:
A command economy is a situation where the government determines what goods and services are produced in a state. The government formulate its production policies to achieve his goals and objective. The major advantage of a command economy is that is reduces the level of inequality in a state, as against the profit motive in capitalism. Examples of a command economy country is North Korea and Cuba
Capitalism is an economic state where private individuals own and controls factors of production to for profit motive. Private investors are given power by government to control labour, capital and land in the production process with little or no involvement by government. Examples of countries practicing capitalism includes USA, Chile, canada, etc.
Answer and Explanation:
a. The computation of the probability for a student either a finance or marketing major is shown below:
= Number of expected outcomes ÷ total number of outcomes
= (67 + 45) ÷ (67 + 45+ 51 + 18)
= 112 ÷ 181
= 0.6188
b. Now for mutually exclusive, we make the assumption that the none of the students has taken for multiple specializations also nothing is mentioned in the question
Answer:
Tabletop exercise
Explanation:
Tabletop exercise -
It refers to the practice of any emergency situation , in order aware and inform people about any uninvited situation , is referred to as tabletop exercise .
The method is used for preparing people for any natural calamity like fire, earthquake , flood , cyclone etc.
It helps the people to save their lives during any unforeseen situation , so that people tries not to panic or stressed out .
This practice can be organised by the government or the NGO's .
Hence , from the given scenario of the question ,
The correct term is Tabletop exercise .
Answer:
a. Journal Entry to record the jobs completed:
Debit Finished Goods Inventory $178,710
Credit Work in Process $178,710
To record the jobs completed.
b. The cost of the unfinished jobs at August 31 is:
= $23,080
Explanation:
a) Data and Analysis:
Work in Process
Account Titles Debit Credit
Balance, August 1 $8,920
Direct materials 72,520
Direct labor 78,230
Factory overhead 41,120
Finished goods inventory $178,710
Balance (unfinished jobs) 23,080
Total $201,790 $201,790
Jobs finished during August are summarized as follows:
Job 210 $36,140
Job 216 22,090
Job 224 42,170
Job 230 78,310
Total $178,710
a. Journal Entry Analysis to record the jobs completed:
Finished Goods Inventory $178,710 Work in Process $178,710
b. The cost of the unfinished jobs at August 31 is:
= Total of work in process Minus Finished Goods
= $201,790 - $178,710
= $23,080
