Elasticity of demand is a measurement used in economics to show how people respond and demand a product or service when nothing but the price changes.
If Walmart were to discount a shoe by 25% and the demand of the shoes is two pair, sales would increase by 50%. People are purchasing two pairs at this price and receiving 25% off of each pair.
Answer:
Explanation:
Manufacturing overhead records all the expenses like salaries payable which come under indirect labor. Manufacturing overhead includes all those indirect costs which are related to the factory-like - factory rent, factory repairs, depreciation on factory equipment, property taxes
For recognized expense, the journal entry would be
Factory overhead A.c Dr
To Expenses A/c
(Being expense recognized)
Since the cost is actually incurred so this above entry should be made
And, the journal entry for applied overhead is shown below
Work in progress inventory A/c Dr XXXXX
To Factory overhead A/c XXXXX
(Being overhead applied is recorded)
Since applied overhead is based on predetermined overhead rate so we credit the factory overhead and debit the work in progress inventory
I think the correct answer from the choices listed above is option A. It is important to periodically remind the team of the organizational goals in order to <span>keep the daily activities on track by focusing whether they support the goals. Hope this answers the question. Have a nice day.</span>
Answer:
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By definition, government expenditure refers to the money
used in the acquisition of goods and services for current use. In this case,
the government expenditure is simply equivalent to investment.
<span>Government
expenditure = </span>$400 billion
From economics: I=S+T–G+M–X
Where
I = Investment
S = Savings
T= Tax revenues
G =Government budget
M = Import
X = Export
Rearraging to get G:
G = S – I + T + M – X
G = $400 billion - $400
billion + $500 billion + $200 billion - $300 billion
<span>G = Government budget = $400 billion</span>
