Answer:
The accurate answer is option "C": services are predominantly labor-intensive.
Explanation:
A labor-intensive sector relies heavily on human effort to produce its products or services. In such industries, the expense of labor plays a more significant role compared to capital expenses. While technological advancements have reduced the number of labor-intensive sectors, many still exist, such as hospitality, agriculture, and mining.
Answer:
a. HORIZONTAL METHOD
INCOME STATEMENT
Date Income $ - Expenses $ = Net Income
1 Nov - - - - -
b. adjustment
31 for each rent 5,300 - - 5,300
Month
c. BALANCE SHEET AS OF 31 DEC
Assets = Equity + Liabilities
+ bank $84,800 - prepaid expenses +$84,800
Explanation:
At the point of 1 Nov, there were no transactions recorded in the income statement since the revenue has yet to be realized; only the balance sheet shows + bank $31800 and + income received in advance (a liability) $31800
Each month's rent amounts to $31800/ 6 months =$5300
18 months rent totals to 95400
The unearned amount by December would then equal: 18 months - 2 months earned
= 95400- 10600
=$84,800
Response:
The difference in the cost of direct materials per equivalent unit between the two months is $0.70.
Clarification:
First, determine the direct cost per equivalent unit for September
Direct cost per equivalent unit = Total Cost / Total Equivalent units
= $12,000 / 7,500
= $1.60
The difference between the two months.
September = $1.60
Less August = ($0.90)
Difference = $0.70
The market supply curve is influenced by factors like price and production expenses.
Many states impose sales tax on certain products and services to enhance revenue. However, such taxes also affect how consumers behave. These effects, along with the overall financial impact of sales tax, become apparent in the supply and demand curves when sales tax rates increase or when a new sales tax is instituted by a state.
