Answer:
Explanation:
the file attached shows the whole solution
Answer:
The correct answer is C. $264,000
Explanation:
Beginning balance, Salaries payable
$39,000
Plus Salaries expense 236,000
Minus Ending balance, Salaries payable
11,000
= Cash paid for salaries $ 264,000
Salary expense 236,000
Salaries payable 28,000
Cash 264,000
good luck ❤
Answer:
. C. shortage of oranges as the price ceiling keeps the market from reaching equilibrium
Explanation:
A price ceiling is when the government or an agency of the government sets the maximum price for a good or service.
The price ceiling is less than the equilibrium price. consumers would increase demand because the good is cheaper while producers would reduce supply as a result of the fall in price. As a result, demand would increase and supply would fall as pece is less than equilibrium price. These would lead to a shortage.
I hope my answer helps you
General Motor Company(GMC) is a manufacturing company that manufactures automobiles in U.S.A.
Answer:
an increase in operating income of $ 40,000.
Explanation:
Consider the Savings and Costs that arise with the outsource decision.
Note : Fixed Costs are incurred whether or not outsource decision is made ( unavoidable) and are therefore irrelevant for this decision.
Savings :
Variable Costs ( 400,000 × $1.30) 520,000
Costs :
Purchase Price ( 400,000 × $1.20) (480,000)
Effect : Net Income / (loss) 40,000
If the Company decides to outsource there will be an increase in operating income of $ 40,000.
