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2 years ago

__ are products that have low immediate appeal but may benefit consumers in the long run.

Business

1 answer:

BabaBlast [244]2 years ago

7 0

Salutary products are products that have low immediate appeal but may benefit consumers in the long run.

There is a time frame known as the long run during which all cost and production elements are erratic. In the long run, businesses modify every expense, but in the short term, they can only affect prices by changing their production levels. A company may also anticipate competition in the long run, even though it may currently have a monopoly in the near term.

A long run is a span of time during which a manufacturer or producer can make production-related decisions with some latitude. Depending on the predicted profits, businesses can either increase or decrease their production capacity, or enter or leave a certain industry.

In order to achieve an equilibrium between supply and demand, firms that look at the long term understand that they cannot change output levels.

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An blank is a statement used to communicate ones feelings in a nonconfrontational manner.

Vaselesa [24]

Answer:

An art

Explanation:

An art is a blank is a statement used to communicate ones feelings in a nonconfrontational manner.

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3 years ago

What did business leaders promise hoover they would do to help the economy?

densk [106]

What business leaders promised Hoover they would do to help the economy is to <span>keep factories open and stop slashing wages. However, they did not keep their promise, to nobody's surprise. </span>

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3 years ago

Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $3

Zepler [3.9K]

Answer:

The entry will be:

May 3

Dr Allowances for doubtful debt 3,700

Cr Account Receivable 3,700

(to record written-off of receivables)

Explanation:

As the company uses the allowance method of accounting for uncollectible accounts, the company would actively review and book bad debt expenses for any debt in doubt of collection. The entry would be: Dr Bad Debt Expenses & Cr Allowance for doubtful debt.

When there is sufficient evidences that these debts go default, no more expenses will be recorded, instead, the account receivable will be written off ( Cr) with the offsetting entry is Dr Allowance for doubtful debt.

4 0

3 years ago

Exercise 9-2 Recording known current liabilities LO C2 Listed below are a few transactions and events of Piper Company. Piper Co

Virty [35]

Answer and Explanation:

The Journal entry is shown below:-

1. Cash Dr, $10,400

To Sales $10,000

To Sales taxes payable $400

(Being the cash is recorded)

Here we debited the cash as it increased the assets and we credited the sales and sales tax payable as it increased the sales and the liabilities

2. Cost of goods sold Dr, $5,000

To Merchandise inventory $5,000

(Being cost of goods sold is recorded)

Here we debited the cost of goods sold as it increased the expenses and we credited the merchandise inventory as it reduced the assets

3. Unearned services revenue Dr, $50,000

To Earned services revenue $50,000

(Being unearned service revenue is recorded)

Here we debited the unearned service revenue as it decreased the liabilities and we credited the earned service revenue as it increased the revenue

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3 years ago

When an investor purchases Class A shares of a mutual fund in their brokerage account at a FINRA member firm, the sales charge i

Viktor [21]

When an investor purchases Class A shares of a mutual fund in their brokerage account at a FINRA member firm, the sales charge is apportioned to all of the following except The mutual fund.

<h3>What does it mean to be a member of FINRA?</h3>

The Financial Industry Regulatory Authority (FINRA) is an independent, nongovernmental organization that writes and enforces the rules governing registered brokers and broker-dealer firms in the United States.

A member is a registered investment firm or a brokerage or a dealership. Generally, an associated person is registered under the company rules and holds an important position at a company making investment decisions.

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8 0

1 year ago