a carpenter sells furniture, whereas an automobile manufacturer sells cars.
a carpenter sells style , whereas an automobile manufacturer sells mobility.
Star Appliance sells previously owned appliances. Each appliance carries a one-year warranty against defects. Suppose that appliance sales for the entire month of December are $50,000. The company expects future warranty costs to be 3% of sales. What amount should Star Appliance report as a liability on December 31?
Data provided in the question
Sales for the appliances for the entire month = $50,000
Expected future warranty cost = 3% of sales
By considering the above information, the amount that should be reported as a liability is
= Sales for the appliances for the entire month × Expected future warranty cost
= $50,000 × 3%
Simply we multiplied the sales with the given percentage so that the liability amount could arrive
Brandon walked out of a team meeting with the understanding that none of the team could take vacation time for the next month. What was actually stated in the meeting was that the project was under a strict deadline, and an employee would need to have their part finished before taking vacation time. This is an example of which barrier to effective communication? A) Bias
B) Lack of trust
C) Lack of engagement
Filtering is the act of hearing what one expects or wants to hear instead of what was actually stated. In this case, Brandon assumed none of the team could take vacation time for the next month while what was really said is that only one employee would need to have their part finished before taking vacation time.
The answer is D) Filtering
Data gathered from the national youth gang survey indicates that less than _____ percent of gang members are female.
Blank is a checking that is dishonored because of insufficient funds
The following data have been recorded for recently completed Job 323 on its job cost sheet. Direct materials cost was $2,118. A total of 40 direct labor-hours and 257 machine-hours were worked on the job. The direct labor wage rate is $18 per labor-hour. The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $22 per machine-hour. The total cost for the job on its job cost sheet would be: a. $5,867
Option (c) is correct.
Direct materials cost = $2,118
Total direct labor-hours = 40
Total machine hours = 257
Direct labor wage rate = $18 per labor-hour
Predetermined overhead rate = $22 per machine-hour
Total cost for the job:
= Direct materials cost + Direct labor cost + Overhead cost
= $2,118 + (40 hours × $18 per hour) + (257 hours × $22 per machine hour)
= $2,118 + $720 + $5,654
The Fisher effect:a. says the government can generate revenue by printing money. b. explains how prices adjust to obtain equilibrium in the money market. c. says there is a one for one adjustment of the nominal interest rate to the inflation rate. d. explains how higher money supply growth leads to higher inflation.
C) says there is a one for one adjustment of the nominal interest rate to the inflation rate.
The Fisher Effect is an economic theory that explains the relationship between interest rates and inflation rates. It states that real interest rate equals nominal interest rate minus inflation rate.
If inflation increases, then the real interest rate will decrease unless the nominal interest rate increases proportionally to the inflation rate.
Based on the laws of supply and demand, which situation would lead to a shortage?
The answer is: The price of a product falls below the equilibrium price.
According to the laws of supply, the amount of supply would decrease as the price of product fall.
This happen because the producers would obtain lesser amount of profit if they choose to sell the products with falling price. Since there would be less and less producers who willing do supply it, it eventually lead to a shortage.
The shortage is a situation in which the equilibrium price is changed whether due to supply and demand of the good. When the demand for the good increases and the good’s supply will not change, this is the situation of shortage. When the good’s supply decreases and the demand will not change, this is the situation of shortage.
Law of supply:
According to the Law of supply, when the price of the goods increases, the quantity supplied of the goods will increase and when the price of the goods decreases, the quantity supplied of goods will decrease. The supply curve is upward sloping since the quantity supplied and prices are directly proportional.
Law of Demand:
According to this law 'when the price of the goods increases, quantity demanded will fall and when the price of the goods decreases, the goods of good demanded will increase while other things remain constant.
When the demand for the product is increased and the supply of the product is the same, there is a shortage of the product in the market.
When the supply of the product is decreased and the demand for the product is the same, there is a shortage of the product in the market.
The equilibrium price is changed when there is a shortage or excess of demand.
1. Learn more about demand and type of goods
2. Learn more about the effect on demand
3. Learn more about the demand curve
Grade: Middle School
Chapter: Law of supply and demand
Keywords:the law of supply, the law of demand, shortage, demand increases, supply decrease, equilibrium price, the number of goods demanded, will not change, excess demand.
Which of the following things may indicate an ID has been altered?
A client with suspected multiple myeloma is reporting back pain. What is the priority nursing action?
All blood cells are produced from undifferentiated precursors called pluripotent stem cells in the bone marrow. Other cells produced from the pluripotent stem cells help defend against bacterial infection, produce antibodies against foreign antigens, and are active against hypersensitivity reactions
hope it helps!!!