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3 years ago

Journalize the following transactions for Combs Company.

Business

1 answer:

Anarel [89]3 years ago

5 0

Answer: See explanation

Explanation:

a. Debit: Raw material $12000

Credit: Account payable $11500

Credit: Material price variance $500

(To record material purchase)

b. Debit: Work in process 11600

Credit: Raw material 11200

Credit: Material price variance 400

(To record material issued)

Note:

Material price variance for (a)= 12000 - 11500 = 500

Work in progress = 5800 × 2 = 11600

Material price variance for (b) = 11600 - 11200 = 400

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As the manager of a golf resort, you want to increase the number of tee times sold by 10%. Your staff economist (and junior cadd

Alex73 [517]

Answer:

The price of tee-time should be reduced by 6.67%.

Explanation:

The price elasticity of demand for tee times is –1.5.

The manager wants to increase the number of tee times sold by 10%.

The price elasticity of demand shows the change in quantity demanded due to a change in the price level. It is the ratio of the percentage change in quantity demanded and percentage change in price.

Price elasticity = $\frac{\% \Delta Q}{\% \Delta P}$

- 1.5 = $\frac{10 \%}{\% \Delta P}$

$\% \Delta P = \frac{10}{- 1.5}$

$\% \Delta P = - 6.67 \%$

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2 years ago

Time to do usps in post office. is open on all days or closed saturday

Law Incorporation [45]

It is open all days of the week

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3 years ago

What does it mean to describe deposit insurance as undermining market discipline? Because ▼ most few depositors are fully insu

Katena32 [7]

Answer:

most

little

risk taking

regardless of

Explanation:

The FDIC insures the deposits of depositors.

The Federal Deposit Insurance Corporation (FDIC) was established after the great depression. Bank run was attributed to be one of the causes of the great depression. The FDIC increases confidence of depositors in banks because they insure the deposit of bank customers. In the case a bank fails, customers are assured that they would not lose their monies deposited

Because banks knows that the deposit of customers are insured, it increases their risk taking. this is known as adverse selection

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3 years ago

A retail store had sales of $44,900 in April and $55,000 in May. The store employs eight full-time workers who work a 40-hour we

WINSTONCH [101]

Answer:

0.52%

Explanation:

Productivity in April = $44,900 / (((8*40) + (8*12)) * 4)

Productivity in April = $44,900 / ((320 + 96) * 4)

Productivity in April = $44,900 / (416 * 4)

Productivity in April = $44,900 / 1664 hours

Productivity in April = $26.98 per hour

Productivity in May = $55,000 / (((8*40) + (11*17)) * 4)

Productivity in May = $55,000 / ((320 + 187) * 4)

Productivity in May = $55,000 / (507 * 4)

Productivity in May = $55,000 / 2028 hours

Productivity in May = $27.12 per hour

% increase in productivity per hour = ($27.12 - $26.98) / $26.98

% increase in productivity per hour = $0.14 / $26.98

% increase in productivity per hour = 0.0052

% increase in productivity per hour = 0.52%

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2 years ago

Which of the following illustrates one of the steps in the self-fulfilling prophecy process when a supervisor forms a high?a. An

tino4ka555 [31]

Answer: The correct answer is "c. A supervisor forms certain expectations of the employee.".

Explanation: The statement "A supervisor forms certain expectations of the employee." illustrates one of the steps in the self-fulfilling prophecy proccess because the beginning of the prophecy is when the supervisor generates expectations about how the future employee will work, these are often inaccurate because they are carried out with limited information.

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3 years ago