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1 year ago

True or false: society can attain a higher degree of specialization without the use of money than it can with money.

1 answer:

6 0

Society can attain a higher degree of specialization without the use of money than it can with money. The given statement is false.

In order to become more effective, specialization in business is concentrating on a single product or a small range of items. Specialization can boost productivity and give a company or economy a competitive advantage.

A speedier, more efficient workflow is the outcome of each person being able to give their particular task the degree of focus they are capable of. Through specialization, a worker can leverage their education and work history to speed up procedures and boost sales.

One nation might, for instance, be a specialist in growing coffee beans, giving it a competitive edge. Additionally, it can enable this nation to use its current resources to create a sizable quantity of high-quality coffee beans.

Learn more about specialization here

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What is price discrimination?

balandron [24]

<span>the action of selling the same product at different prices to different buyers, in order to maximize sales and profits.
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3 years ago

Manchester Company sells equipment on June 1, 2021, for $222,400 cash. Manchester incurred $1,280 of removal and selling costs o

drek231 [11]

Answer and Explanation:

The journal entries are as follows:

But before that the accumulated depreciation for 3 years is as follows:

Cost $400,000

Less: Residual value $64,000

Depreciable cost $336,000

Divide by Useful life 10

Annual Depreciation $33,600

Accumulated depreciation for 3 years $100,800 ($33,600 × 3 years)

Now the journal entries are as follows:

On June 1, 2021

Depreciation expense $14,000 ($33,600 × 5 months ÷ 12 months)

To Accumulated Depreciation $14,000

(Being depreciation expense is recorded)

On June 1,2021

Accumulated Depreciation $114,800 ($100,800 + $14,000)

Cash $221,120 ($222,400 - $1,280)

Loss on Disposal $64,080

To Equipment $400,000

(Being the disposal of an asset is recorded)

On June 1, 2021

Depreciation expense $14,000 ($33,600 × 5 months ÷ 12 months)

To Accumulated Depreciation $14,000

(Being depreciation expense is recorded)

On June 1,2021

Accumulated Depreciation $114,800 ($100,800 + $14,000)

Loss on Disposal $285,200 ($221,120 + $64,080)

To Equipment $400,000

(Being the disposal of an asset is recorded)

7 0

3 years ago

According to the quantity theory of money, if money is growing at a 10 percent rate and real output is growing at a 3 percent ra

kvasek [131]

Answer:

The inflation will increase

Explanation:

The formula derived by the Quantity theory of money is as under:

P = MV/T

P - The price of goods or product which also includes the inflation factor.

M - M is the supply of the money in an economy

V - V is the velocity of the money circulation

T - Transaction Value

So if the Supply of money is increasing with 10%, T is growing with 3 percent (denominator) and the V is also growing with faster rates then this means that the nominator will increase with higher rates than the nominator. So this will increase the price which means inflation will be increasing.

8 0

3 years ago

Under ________, a consumer can rescind a mortgage loan for up to after signing. In addition, if the lender does not comply with

muminat

Answer:

Truth in Lending Act of 1968

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3 years ago

Treasury stock represents stock that: a. is being held to purchase treasury securities. b. is being held to purchase preferred s

mixer [17]

Answer:

The correct answer is (D)

Explanation:

Sometimes firms and organisations try to reduce the outstanding stocks in the market. To do so, they purchase back some of those stocks from the open market, such stocks are known as treasury stocks. After that, It is up to the issuer, they can resell it to the public or they can dissolve them completely. After purchasing back, these stocks are no longer considered outstanding.

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4 years ago