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3 years ago

7

Demand is said to be __________ when the quantity demanded changes the same proportion as the price. a. independent b. inelastic

c. unit elastic d. elastic

1 answer:

const2013 [10]3 years ago

5 0

<span>Demand is said to be elastic when the quantity demanded changes the same proportion as the price.</span>

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Some traits of successful individuals in our industry, as mentioned by Aimee Mangold of KOLTER Hospitality included: drive, inte

Naddika [18.5K]

Answer:

The answer is false (B)

Explanation:

From the question given, the answer is false.

Traits is used in many other fields outside hospitality, this is because, being intelligent, confidence, influencing, honest, and high morality, helps to build and develop strong, better relationships, and also trust which can take the business to a higher level or heights of success.

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3 years ago

If oregon passed a statue that prohibited liquor stores

Svetllana [295]

Answer:

invalid as an unreasonable restriction of free speech

Explanation:

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3 years ago

Suppose the country of Ceria and Lithinia imposed tariffs on imports from all countries, and then they set up a free trade area,

Tems11 [23]

Answer:

trade diversion

Explanation:

Trade diversion results from changing an efficient supplier or trading partner for a not so efficient trading partner. This change usually results from trade agreements or customs unions like NAFTA (or USMCA) or the European Union that benefit less efficient producers.

Trade diversion results in concentrating production in countries with high opportunity costs that do not possess real comparative advantages, but rather political advantages.

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3 years ago

Lopez Company uses both standards and budgets. For the year, estimated production of Product X is 597,000 units. Total estimated

sertanlavr [38]

Answer: (a) Materials = $2 and Labor = $2.8

(b) Materials = $11,94,000 and Labor = $16,71,600

Explanation:

(a) Standard cost :

Standard cost is evaluated as a per unit amount.

For Materials,

= $\frac{1194000}{597000}$

= $2

For Labor,

= $\frac{1671600}{597000}$

= $2.8

(a) Budgeted cost :

Budget cost are evaluated as the total amount.

Therefore, for this year the budgeted cost are Materials = $11,94,000 and Labor = $16,71,600

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4 years ago

Outose Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the produ

True [87]

Answer:

C) $25,177

Explanation:

Spoiled units = (22,300 units + 76,400) - (72,900 units + 19,000)

=$98,700units -$91,900 units

= 6800 units

Normal spoilage = 5% × 72,900 units

= 3,645 spoiled units

Abnormal spoilage = 6800 units - 3645 units

= 3,155 units

Direct Materials ,Conversion Costs

WIP, beginning inventory$156,000$77,200

Costs added

during period 224,400 299,000

Total cost to account for 380,400 376,200

Divide by equivalent units*98,700 91,100

Equivalent-unit costs $3.85 $4.13

Equivalent unit

Direct Materials: 22,300 + 76,400 = 98,700 units

Conversion Costs: 72,900 + (19,000 x 60%) + 6800 = 91,100 units

Total cost per equivalent unit = $3.85 + $4.13 = $7.98

3155 units × $7.98 = $25,177

Therefore the cost allocated to abnormal spoilage using the weighted-average process-costing method will be $25,177

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3 years ago