Answer:
d. Relies on prices and sales to communicate consumer wants to producers.
Explanation:
Market mechanism also known as free market economy is a market where there are no government control over what the buyers buy and what the sellers sells. Here, there are no regulations to prices of goods and services .
In a market mechanism, decisions on forces of demand and supply are made solely by individuals. Market mechanism are associated with capitalist economies unlike Government controlled markets which are associated with Socialist economies.
Examples of market mechanism are industries, companies, businesses which produces and sells goods and services at the price commensurate with what consumers want to pay . Also, companies are willing and able to pay highest wages and salaries in line with workers demand.
Answer:
The answer is:
The more a salesperson knows about their potential buyers, the better he (or she) will perform and the more he (or she) will sell.
They should gather relevant information about the potential buyer (e.g. needs, demographics or preferences) to help them prepare their sales presentation.
Answer and Explanation:
The journal entries are shown below;
On Sept 15
Merchandise inventory $77,500
To Accounts payable $77,500
(Being purchase of inventory is recorded)
On Sep 29
Accounts payable $77,500
To Cash $75,175
To Merchandise inventory (3% of $77,500
) $2,325
(Being payment to suppliers after discount is recorded)
Answer:
The following Apply :
A. Based on past experience and data Developed by the SCAB (Standard Cost Accounting Board
B. Used in preparing flexible budgets Useful for manufacturing companies, but not service companies
Explanation:
Standard Cost set levels of Costs and Revenues that ought to be achievable when reasonable levels of performance are attained together with working practices to manufacture a product.
Data is obtained from past experience and used to prepared flexible budgets for control purposes.
Based on accounting principles, the correct amount for total lease expense in 2019 is<u> $17,000.</u>
<h3>Why is this the correct amount?</h3>
Accounting principles state that lease payments must be recorded as an equal amount over the years of the lease.
The total lease payment is:
= 20,000 + 18,000 + 16,000 + 14,000
= $68,000
Annual payment is:
= 68,000 / 4
= $17,000
Find out more on lease payments at brainly.com/question/5563107.
