At one point, the PPC curve crosses the consuming possibility curve.
That is where the two curves meet at that moment.
What does the phrase "consume" mean?Institutional units consume up products or services through the activity of consuming, which can be either final or intermediary. It is the utilization of products and services to fulfill personal or social needs and desires.
What kinds of consumption are there?Consumption may be grouped into two types: depersonalized consumption and personalized consumption. Depersonalized ingestion occurs when commodities are produced by a world organization that is only dimly comprehended. The distinction between business and non-market-based consumption is another.
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Explain the term bread basket as it relates to inflation
Bread basket or a basket of goods in relation to inflation is used to describe a fixed set of consumer goods which are periodically valued on a monthly or annual basis.
What is Basket of Goods?In ascertaining the basket of goods, the Consumer Price Index (CPI) is used.
This is a measure that elucidates the weighted average of prices of a basket of consumer goods and services which may include transportation, food, and medical care.
This is calculated by ascetaining the average of the prices of each item price in the predetermined basket of goods.
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Which list is the best way to highlight relevant items in the "Activities and Award" category of the résumé?
Answer:
How to Highlight Your Skills on Your Resume
One of the trickiest aspects of writing a resume is highlighting your skills. You don't want to sound like you are bragging, yet you want to clearly demonstrate that you have the jobs skills the employer is looking for. How do you know what skills to highlight? How do you do it effectively?
Identifying Which Skills to Highlight on your Resume
Assessing the Employer's Needs
The best way to identify which skills you need to highlight on your resume is to put yourself in the employer's shoes. What are the employer's needs? How can you fulfill those needs? To accomplish this, look at the employer's job description. Everything you need to know should be there. If it isn't, you may want to contact the company for more information about the job. You can do this by requesting an informational interview. Many employers are willing to do this.
Read the job description carefully. It will give you clues into what the employer is looking for. It will also give you the keywords you need to use, so your resume will get past the initial computer screening that so many companies are using today. Even a short four-line job description could contain all the keywords you need to compile a relevant assessment of your skills.
For example the following listing is quite short.
In need of someone who knows how to screen print and is able to do graphic art work. If you don't have good experience and just want to learn that isn't for me. We have a small growing shop and we need someone part time to help get our orders completed, handle customers and so on. Must be able to print and do graphic art work.
The key skills are the ability to screen print and create graphic art work (notice they mentioned it twice). They also mention an ability to handle orders, and that they are a growing company. The skills you to highlight for this position are screen printing experience and graphic art experience
The job skills the employer has listed are the ones you want to highlight on your resume. Don't worry if you can't use every skill listed. If you have experience in the industry, you will know which ones are the most important. If you are trying to break in, choose the skills that you know you have and go with that. Honesty on a resume is vital.
You also want to identify the needs a job posting only hints at. In the above brief listing, the employer is hinting at their needs to handle growth in the business, to meet challenges in completing their orders, and to have someone who can handle customers. Once you identify an employer's "hidden" needs, you can highlight those skills on your resume.
How to Highlight Your Skills Effectively
The best way to highlight your skills effectively is to imagine yourself already in the job. Then look at your past work experiences. Think of specific duties you performed and the benefits you provided.
Use Power Words
Now, use power words to describe your skills in action. Don't say, "Printed t-shirts." Say, "Prepared screens for four-color art work. Exposed and developed screens." Describe some of the steps. Give life to the actions you performed on the job. Express your skills in a manner that is impactful, forceful and persuasive - whatever your job may have been - by using action-oriented verbs, such as:
reduced | pioneered | targeted | designed | managed | streamlined | secured | expedited collaborated | authored | coached |increased |monitored | systemized | conceptualized
Show Your Benefit
Quantify the benefits your work provided to your employer. Things like, "Increased profits by 10%," or "Reduced waste by 10%" demonstrate that your skills will benefit your future employer as well.
As you develop your list of skills, share them in a way that demonstrates that you have become more responsible and valuable as time has progressed. If at all possible, make sure the most valuable skills are highlighted under the most recent employment.
You also want to avoid repeating the same information. If you can't demonstrate growth in your skills from one job to the next, focus all your skills in one section. Rather than list skills under each employer, consider listing specific projects and their results. This is another subtle way of highlighting your ability to benefit an employer.
Your resume is your opportunity not only to highlight your skills, but also to sell the benefits those skills offer a potential employer. Successful resumes assess the employer's needs, make a powerful impression by using action-oriented verbs and prove a candidate's benefit to the employer by quantifying skills, accomplishments and professional growth. When successfully executed, these strategies will effectively highlight your skills within the space constraints of a resume and give you a competitive edge within the job market.
Zeke shares the company’s organizational chart with employees during an all-staff meeting
The correct answer to this open question is the following.
We have no question here. It is a statement. You forgot to include the question. What is it that you want to know?
Although you forgot to include the question we can help you with the following comments.
If Zeke shares the company’s organizational chart with employees during an all-staff meeting, the intention of Zerek is to inform the employees of the structure of the company in order for them to be familiar with the hierarchy of the company.
This is very important so employees know the lines of communication and the different roles people play in the company so they can know who refer to or who to contact in case they need it.
The types of charts in an organization are the Divisional Structure, the Matrix Organizational chart, the Functional Top-Down, and the Flat chart.
Companies report people to credit agencies if they iffail to pay their bills on time.
• borrow too much money.
•
fail to use
different types of credit.
O use large amounts
of credit at once.
Companies report people to credit agencies if they fail to pay their bills on time. Option A
What is Credit agency?Credit agency are companies that gathers information about creditors.
They help in given detail report of credit facilities that is available to an individual and can determine if an individual is Worthy of been borrowed money.
Therefore,
Companies report people to credit agencies if they fail to pay their bills on time
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Which of the following is not a reason that an agency can terminate by Operation of Law?
Answer: The principal or agent moving to a different town.
Explanation:
All of the other choices are reasons that an agency can terminate by Operation of Law. You would not terminate just because the principal or agent moved to a different town, while you would if they died, became insane, or went bankrupt.
Hope this helps!
Calculation of national output at Market Prices is known as _________
a.
Real GDP
b.
Nominal GDP
c.
Non-monetary income
d.
None of these
Answer:
A
Explanation:
Sheridan Company issues 3600 shares of its $10 par value common stock having a fair value of $20 per share and 5600 shares of its $10 par value preferred stock having a fair value of $20 per share for a lump sum of $205400. What amount of the proceeds should be allocated to the preferred stock
Answer:
$125,026
Explanation:
Common Shares 3,600
Fair value $20
Total market value of common stock $72,000
Preferred shares 5,600
Fair value $20
Total market value of preferred stock $112,000
Lump Sum amount $205,400
Amount of proceeds should be allocated to the preferred stock = 205,400 * (112,000 / (72,000 + 112,000) ) = $125,026
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Which of these masking techniques is used for masking a flush-mounted part?
O Reverse masking
O Back masking
O Reverse taping
O Fine line masking
A lot of painter use different type of masking techniques. The type of masking techniques that is used for masking a flush-mounted part is Fine line masking.
Fine Line tapes are known too have thin, smooth backings that are made to create low-profile paint edges.
A painter can also have a sharp paint lines by using fine line tapes with smooth backings coated with some adhesives to stop paint edge bleed.
Scotch Fine Line 218, a type of fine line masking tape is made for straight line application, and it can be found in nine narrow widths for a number of paint striping options.
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Suppose you have $1,000 to invest over a 10-year period. Explain under what circumstances you would buy penny stocks or junk bonds as an investment. In your answer, explain why an investment with greater risk, such as a penny stock, will likely have a lower market price but an uncertain rate of return.
Answer:
Explanation:
There is only one circumstance in which I (personal opinion) would be willing to place my money in penny stocks and that is If the money is extra money that is only an extremely small percent of my overall portfolio and I am ok loosing it completely. That is because penny stocks are stocks from new companies that basically have an idea and are just starting out. The rate of return can be massive on these stocks but they can also go bankrupt and you can loose all your money just as fast. Therefore, they are incredibly risky investments.
Which of the following is the correct definition for free cash flows to the firm?
The correct definition for free cash flows to the firm is D. EBITX (1-Tax) + Depreciation - Changes in working capital - Capital Expenditure.
What is free cash flow?Free cash flow (FCF) is the cash a company has after all the cash outflows for its operations and capital assets maintenance.
This implies that free cash flow is the available cash that a company has after making payments for its operating expenses and capital expenditures (Capital Expenditure).
A. EBITDAX (1-Tax) + Depreciation - Changes in working capital + Capital Expenditure
B. EBITDAX (1-Tax) - Depreciation - Changes in working capital - Capital Expenditure
C. EBITX (1-Tax) - Depreciation - Changes in working capital + Capital Expenditure
D. EBITX (1-Tax) + Depreciation - Changes in working capital - Capital Expenditure
Thus, the correct definition for free cash flows to the firm is Option D.
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Mclean Consider an essay most recently assigned to you. Identify the most effective academic purpose for the
assignment.
This essay assignment is most effective for teaching students how to support their arguments with evidence and analysis.
What is essay?An essay is a written composition of moderate length in which a writer expresses an opinion, examines an idea, or presents an argument. Essays are designed to test the student's ability to think and write critically. They can range in length from a few paragraphs to many pages, and can cover any number of topics.
By providing a prompt or topic for the essay, it encourages students to go beyond simply stating their opinion and instead to provide evidence and analysis to support their argument. This type of assignment helps to develop critical thinking and analytical skills, which can be applied to many different areas of life.
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Palm Imagination makes and sells silk palm trees. Each tree uses 0.80 yards of silk fabric. Budgeted production of trees in units for the next five months is as follows:
1. The preparation of the direct materials purchases budget for June for Palm Imagination is as follows:
Direct materials purchases budgetJune
Budgeted production 26,570
Production materials 21,256
Inventory of Fabric:
Ending Materials 3,226
Production materials 21,256
Materials available 24,482
Beginning Materials 3,188
Unit Purchases 21,294 yards
Cost of purchases $42,588 ($21,294 x $2)
2. The amounts of Raw Materials and Finished Goods Inventory to be reported on Palm Imagination’s June 30 balance sheet are as follows:
Ending inventory of raw materials = $6,452.
Ending inventory of finished goods = $104,576.75.
Data and Calculations:Silk Fabric per tree = 0.80 yards
April May June July August
Budgeted production 24,160 23,490 26,570 26,880 22,900
Production materials 19,328 18,792 21,256 21,504 18,320
Inventory of Fabric:
Ending Materials 2,819 3,188 3,226 2,748
Production materials 19,328 18,792 21,256 21,504 18,320
Materials available 22,147 21,980 24,482 24,252
Beginning Materials 2,899 2,819 3,188 3,226 2,748
Purchases 19,248 19,161 21,294 21,026
Cost of purchases $38,496 $38,322 $42,588 $42,052
April May June July August
Budgeted sales 24,500 22,800 26,250 27,850 23,000
Finished Goods:Ending inventory 4,560 5,250 5,570 4,600
Budgeted sales 24,500 22,800 26,250 27,850 23,000
Goods available 29,060 28,050 31,820 32,450
Beginning inventory 4,900 4,560 5,250 5,570 4,600
Production units 24,160 23,490 26,570 26,880
Raw materials costs for June:Required production materials = 21,256
Total cost of materials = $42,512 (21,256 x $2)
Direct labor costs = $327,342.40 ($14 x 21,256 x 1.1)
Factory overhead costs = $29,227 ($1.25 x 23,381.60 hours)
Total production costs = $399,081.40
Unit production cost = $18.775 ($399,081.40/21,256)
Ending inventory of finished goods = $104,576.75 ($18.775 x 5,570)
Ending inventory of raw materials = $6,452 (3,226 x $2.00)
Question Completion:April May June July August
Budgeted production 24,160 23,490 26,570 26,880 22,900
Budgeted sales 24,500 22,800 26,250 27,850 23,000
The company wants to maintain monthly ending inventories of fabric equal to 15% of the following month's budgeted production needs, and monthly inventories of trees equal to 20% of the number needed for next month’s sales. The cost of silk is $2.00 per yard. Direct labor cost is $14.00 per hour and it takes 66 minutes to complete each tree. Factory overhead is applied at the rate of $1.25 per direct labor dollar.
Prepare a direct materials purchases budget for June.
Calculate the amount of Raw Materials and Finished Goods Inventory to be reported on Palm Imagination’s June 30 balance sheet.
Thus, the direct materials purchases budget for June has been prepared and the amounts of Raw Materials and Finished Goods Inventory reported on Palm Imagination’s June 30 balance sheet are indicated above.
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If your expenses total $21000 in Year 1 and you expect inflation rate to be 2 percent, how much more will you have to spend to buy the same goods and services in Year 2, assuming that all your expenses increase at the same rate as inflation?
Answer:
$21,420
Explanation:
The total expense in year 1 was $21000
the inflation rate is 2 percent. it means prices will increase by 2 percent.
The amount to be spent in year 2 will be more by 2% than year 1
If year expenses are 100%, year 2 expenses will be 102%
Actual year 2 expense will be 102% of $21,000
=102/100 x $21,000
=1.02 x $21,000
=$21,420
The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $500,000 in the common stock account and $3.3 million in the additional paid-in surplus account. The 2018 balance sheet showed $540,000 and $3.5 million in the same two accounts, respectively. If the company paid out $305,000 in cash dividends during 2018, what was the cash flow to stockholders for the year? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
Answer:Cash flow for share holders=$65,000
Explanation:
Cash flow for share holders = Dividends paid -Net equity
Dividend paid- [(Common sto end + Additional Paid in Surplus end)]- [(Common beg+APIS beg)]
Dividend paid -{( Ending common stock +Ending paid in capital) -( beginning common stock +beginning paid in capital }
$305,000- ($540,000+$3,500,000)- ($500,000 +$3,300,000)
=$305,000-{(4,040,000)- ($3,800,000}
$305,000 - $240,000
=$65,000
Elana has opened a new aerobics studio in her area. How might Elana use social media as a market to spread the word about her new studio?
Elana can use social media as a marketplace to promote her new studio in a variety of ways such as:
Creating social media adsCreating valuable content for your target audienceStrengthening the relationship with your consumersHow does social media help a business grow?Social networks are easy-to-use and inexpensive platforms for sharing ideas, advertising, etc. It is a medium where potential consumers can be found who can engage with valuable content posted by a company and be interested in it.
Therefore, social media can help Elana develop her business through direct advertising and reaching a wider audience.
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WBS for the knowledge area of Human/Resource Management for a low-cost housing project
Here's an example of a WBS for the knowledge area of Human/Resource Management for a low-cost housing project:
The wbs for a knowledge area of Human/Resource Management for a low-cost housing projectHuman/Resource Management
1.1 Staffing Plan
1.1.1 Define project roles and responsibilities
1.1.2 Identify required staffing resources
1.1.3 Determine the project team structure
1.1.4 Develop a staffing plan and budget
1.2 Recruitment and Selection
1.2.1 Create job descriptions and specifications
1.2.2 Advertise and promote job openings
1.2.3 Review resumes and conduct initial screenings
1.2.4 Conduct interviews and select candidates
1.2.5 Perform background checks and reference checks
1.2.6 Extend job offers and negotiate terms
1.3 Training and Development
1.3.1 Assess training needs for project team members
1.3.2 Develop a training plan and schedule
1.3.3 Conduct training sessions and workshops
1.3.4 Provide on-the-job training and mentoring
1.3.5 Evaluate training effectiveness and adjust as needed
1.4 Performance Management
1.4.1 Set performance expectations and goals
1.4.2 Monitor and assess individual and team performance
1.4.3 Provide feedback and coaching to improve performance
1.4.4 Conduct performance appraisals and evaluations
1.4.5 Identify and address performance issues or conflicts
1.5 Resource Allocation
1.5.1 Identify project resource requirements
1.5.2 Allocate resources based on project needs
1.5.3 Monitor resource utilization and availability
1.5.4 Optimize resource allocation to meet project objectives
1.6 Stakeholder Management
1.6.1 Identify project stakeholders and their interests
1.6.2 Develop a stakeholder engagement plan
1.6.3 Communicate and manage stakeholder expectations
1.6.4 Address stakeholder concerns and resolve conflicts
1.6.5 Maintain positive relationships with stakeholders
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On the long-run aggregate supply curve,
The long-run aggregate supply curve shows the relationship between price level and real GDP.
What is the supply curve?It should be noted that the information is incomplete. Therefore, an overview will be given. The supply curve is a graphic representation of the correlation between the cost of a good or service and the quantity supplied for a given period.
In this case, in a typical illustration, the price will appear on the left vertical axis, while the quantity supplied will appear on the horizontal axis.
The long-run aggregate supply curve shows the relationship between price level and real GDP that would be supplied if all prices were fully flexible.
The position of the long-run aggregate supply curve is determined by the aggregate production function and the demand and supply curves for labor.
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The NASDAQ is a floor-based exchange.
t or f
Suppose a shift of the labor-demand curve results in an increase of $5 in the equilibrium wage. How does this shift affect the value of the marginal product of labor?
When the labor-demand curve shifts, it means that the demand for labor has changed, which affects the equilibrium wage. If the equilibrium wage increases by $5, it means that employers are willing to pay more for each unit of labor they hire.
How does this change the worth of the labor's marginal product?This increase in wage suggests that the marginal product of labor has also increased. The marginal product of labor is the additional output produced when one more unit of labor is hired.
When employers are willing to pay more for labor, it suggests that the output produced by each unit of labor has increased.
This can be due to various reasons, such as technological improvements, increased demand for goods and services, or an increase in the efficiency of production processes.
In summary, a shift in the labor-demand curve that results in an increase in the equilibrium wage suggests an increase in the value of the marginal product of labor.
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What should you include on an income statement?
Select all correct answers.
1. income
2. expenses
3. net profit
4. all assets
All of the factors that have to be included in the income statement are:
1. income2. expenses3. net profitWhat is meant by the income statement?This is the term that is used to refer to the financial statement that would be made to show the revenue, the expenses and the profits that are made by a given company over a period of time. This is also called the earnings statement. It shows the revenue that is made from business.
Hence we can say that All of the factors that have to be included in the income statement are:
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The American Management Association created a statement of ethics to guide members in the marketing profession
True
False
What factors affect the selection of advertising media?
There are few things you need to consider while advertising in competitive market,
When planning your advertising, you need to consider:
the objective of the campaign (your goals)how much to spend (your budget)who to target (your audience)the type of advertising you'll use (your strategy)when you will advertise (your calendar or schedule of activity)how to monitor your success (your results).These elements are a key part of your marketing plan. You should regularly review your marketing plan to ensure that your advertising strategies are helping you to achieve your marketing goals.
Before execution/deployment campaign you need to research on below,'
#Competition :
The first thing to keep in mind is the competition. Visit their websites, see how they have done things and do them better. You can beat your competition if you bring a better product and use better online marketing strategies. It’s all about how you present your product. Different companies have different strategies and effective methods to gain an audience’s attention. Studying the moves your competition makes, learning from their trials and errors and finding a strategy that’s outweighs theirs is a fundamental factor in beating the competition.
#Customer preferences:
Know who your customers are. It’s all about what your customers prefer. Give them a product that they would really commit to and appreciate and more importantly sell it or launch it in a manner that will capture the audience’s attention. If your customers see what they like they will end up buying the product or service.
#Choose your strategy :The type of advertising you choose will depend on the target audience you are trying to reach and your budget and by determining the most cost-effective way to reach your audience as many times as possible.
#Develop an action plan :Developing an action plan and a timetable will give you plenty of time to meet advertising deadlines. Many advertisers are very strict with bookings and often work months ahead,Make sure you give yourself enough time to create effective advertising for occasions such as Christmas, Easter, Mother's Day and other seasonal events.
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your team is working on a project due at the end of the quarter. you propose a timeline that some of your teammates disagree with because many milestones conflict with their other work. what would you do? A propose revising the timeline as a group to account for scheduling conflict. B offer time management techniques so they can stay on schedule. C suggest pushing back the projects deadline one week to help avoid some scheduling conflicts. D politely explain that this schedule is necessary to get the project completed on time. E suggest that your teammates send their schedule to you so you can revise the timeline
Your team is working on a project due at the end of the quarter. You propose a timeline that some of your teammates disagree with because many milestones conflict with their other work. Propose revising the timeline as a group to account for scheduling conflict is suggested in this situation. Option A is the correct answer.
When faced with disagreement from teammates regarding the proposed timeline, a productive approach is to propose revising the timeline as a group to address scheduling conflicts. Option A is the correct answer.
Here's a step-by-step explanation:
1. Gather feedback: First, listen to your teammates' concerns and understand the specific conflicts they are facing. This will help you grasp the extent of the issue and identify areas where adjustments can be made.
2. Collaborate: Initiate a discussion with your team to collectively revise the timeline. Encourage open communication and active participation from all members. By involving everyone, you can ensure that the revised timeline considers the availability and commitments of each team member.
3. Identify and prioritize milestones: Review the project's milestones and evaluate their dependencies and deadlines. Identify any milestones that can be shifted or rearranged to minimize conflicts. It may be necessary to reprioritize tasks to accommodate the availability of team members.
4. Adjust the timeline: Based on the inputs and discussions, modify the timeline accordingly. Make sure to balance the requirements of the project and the availability of your team members. Consider incorporating buffer time between milestones to allow for unexpected delays or conflicts that may arise in the future.
5. Communicate the revised timeline: Once the timeline is revised, ensure that all team members are aware of the changes. Clearly communicate the rationale behind the revisions and the impact on the overall project. This will help foster understanding and buy-in from all members.
6. Regularly review and adapt: As the project progresses, regularly review the timeline to ensure it remains feasible and adaptable to any new conflicts or challenges that may arise. Continuously communicate and collaborate with your team to address any further scheduling issues that may arise.
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How do early retirement affect on business activity?
Answer:
Under early retirement, workers who retire early are awarded an early retirement pension, while those who retire at mandatory age receive the full pension. In this setting, early retirement persistently distorts the human capital accumulation decision of the low-ability types, and thus reduces economic growth.
How have pensions changed? Why are 401K plans not working for all Americans?
The ways that pension have changed is that it is one that is gradually been replaced by 401(k) and other forms of contribution plans.
Note that research has shown that as from the year 1980 -2008, people in pension plans were said to have reduced to 20% of the United State workforce, and also employees that were known to be covered by defined-contribution plans was said to have went up to 31%, based on data given by the Bureau of Labor Statistics.
Why are 401K plans not working for all Americans?The reason the 401K plan is not been used by All of the people of United Stated is that it is one where a person cannot be able to access their funds until they are about 59.5 or older.
This implies that a person, can have any form of financial stability in course of their lifetime.
So therefore, based on the above, one can say that the The ways that pension have changed is that it is one that is gradually been replaced by 401(k) and other forms of contribution plans.
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Question 15 of 20
Which information in the accounts payable subsidiary journal is entered after
the amount of credit or debit?
A. the terms of the sale
B. the date
C. the name of the vendor
OD. the balance
SUBMIT
Answer:
credit entry
Explanation:
The accounts payable subsidiary ledger is a breakdown of the total amount of payables listed on the general ledger. In other words, the subsidiary ledger contains the individual payables owed to each of the suppliers and vendors, as well as the amounts owed.
When recording an account payable, debit the asset or expense account to which a purchase relates and credit the accounts payable account. When an account payable is paid, debit accounts payable and credit cash. Payroll entry.
The accounts payable subsidiary ledger provides detailed information about amounts owed to creditors.
The total of the individual account balances in the accounts receivable subsidiary ledger should agree with the total of the individual account balances in the accounts payable subsidiary ledger.
Cullumber Company uses a periodic inventory system and reports the following for the month of June.
What is the weighted-average unit cost ?
For the month of June, Cullumber Company reports using a periodic inventory system. The weighted-average unit cost is $10.117, or $951 ÷ 94.
How do periodic inventory systems record inventory?All purchases made between physical inventory counts are recorded in a purchases account under the periodic inventory system. After a physical inventory count, the balance in the purchases account is moved into the inventory account, where it is rebalanced to match the cost of the finished inventory. Simply put, to determine the weighted average, all data set values must first be multiplied by their respective weights. After that, add up the products that resulted and divide by the total weights. While managing rates, one will as a rule observe that the amount of loads is equivalent to 1 or 100 percent.
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An office's computers are connected in a mesh topology. How many cables are required to connect four computers to each other?
is Labor is a type of human resource.
Equilibrium price will unambiguously increase when supply decreases and demand does not change or when supply decreases and demand increases.
Equilibrium price will unambiguously increase when supply decreases and demand does not change or when supply decreases and demand increases. This is true.
What is equilibrium price?It should be noted that equilibrium price simply means the price at which the quantity demanded and the quantity price are the same.
It should be noted price will rise if supply remains constant while demand rises. Price rises when the demand curve shifts to the right. Price will rise when supply declines and demand remains constant. Price rises as the supply curve shifts to the left.
Price will rise when demand rises and supply declines at the same time. Price will grow unmistakably as a result of a rightward movement in the demand curve and a leftward shift in the supply curve, but changes in quantity will be less clear.
Therefore, equilibrium price will unambiguously increase when supply decreases and demand does not change or when supply decreases and demand increases. This is true.
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Equilibrium price will unambiguously increase when supply decreases and demand does not change or when supply decreases and demand increases.
True or false?