Answer:
to generate prosperity and produce goods and services that meet people's needs and improve their lives.
Explanation:
Because businesses cannot outgrow the economy of their communities
Answer:
i would love to help you but i dont know the answer
Answer and Explanation:
To calculate ending work in progress we use the formula:
Ending WIP = Beginning WIP + Manufacturing costs - Cost of goods manufactured
Debit ($) Credit ($)
Work-in progress $39,200(Dr)
Wages payable:
Job No. 321 $11,000(Cr)
Job No. 329 $9,200(Cr)
Job No. 336 $5,000(Cr)
Job No. 342 $8,300(Cr)
Job No. 346 $5,700(Cr)
Work-in progress $8,000(Dr)
Manufacturing overhead
$8,000(Cr)
Work-in progress $27,440(Dr)
Factory overhead ($39,200 * 70/ 100)
$27,400(Cr)
Work in progress refers to goods that are yet to be finished but have passed raw material stage as they have been partly processed. The formula stated above is used to calculate ending work in progress however we just made journal entries to reflect costs and work in progress.
We can calculate the dividends issued by adding the beginning inventory and the net income less the ending inventory.Thus,
dividends= net income+beginning inventory-ending inventory
where
net income=$74,000
beginning inventory=$31,000
ending inventory =$72,000
substituting the values, we wil get
dividends=$33,000
Edwards corporation will issue dividends amounting to $33,000.
For the market to reach equilibrium, you would expect prices to rise.
<h3>What is a shortage?</h3>
A shortage exists when quantity demanded exceeds quantity supplied. This is because price is below equilibrium price. Equilibrium price is the price at which quantity demanded is equal to quantity supplied.
For a shortage to be resolved, prices would rise until equilibrium price is reached.
To learn more about equilibrium, please check: brainly.com/question/26075805