The job characteristics that Andrew needs to improve include debugging and coding because these two characteristics will help him not only to identify but to deal with bugs
A bug occurs as there is a problem in the coding of a system or program. Bugs are more common than it is believed and they should be not only identified on time but also solved.
The process of eliminating bugs is known as debugging, this process requires specific techniques to identify bugs and after this, eliminate the bugs from the program or system. Mark needs to improve in this area because he knows how to identify the bugs but he does not know the techniques to eliminate them.
Moreover, Mark needs to improve in programming as this is the main way to eliminate bugs. This means, improving in programming will help Mark to improve in debugging.
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Answer:
b. $10
Explanation:
The computation of the cost per shirt is shown below:
= (The cost of its factory, raw materials, and labor) ÷ (production level)
= $500,000 ÷ 50,000 shirts
= $10
Since we have to compute the cost per shirt before the increase in production level so we do not consider the increased production level and increase labor and raw material expense.
Answer:
C. The equipment should be recorded at $2,000 in the accounting records because that was the exchange price.
Explanation:
The equipment should simply be recorded at $2,000. For example, if it was paid in cash, the journal entry would be:
Account Debit Credit
Equipment $2,000
Cash $2,000
The fact that it would cost $4,000 to replace it does not mean that it will be replaced. It is only a hypothetical scenario that should not be recorded in the accounting journal, because it does not reflect economic reality.
Answer:
medium of exchange is your answer
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Answer:
b. an economic profit of 100%.
Explanation:
A monopoly is when there is only one firm operating in the industry. There are high barriers to entry of firms in a monopoly. Profit is maximised where MR = MC.
Economic profit is affected by the entry or exit of firms into the industry in the long run. Due to the high barriers to entry, a monopoly earns economic profit in the long run.
I hope my answer helps you
