<span>This merger is called a conglomerate. A conglomerate is a company which has major stocks in a smaller business or company. The smaller businesses are called subsidiaries. The smaller businesses are still independent in terms of operations, however, they need to make reports to the conglomerate.</span>
Answer:
Barter system
Explanation:
Barter system - it is system of exchanging the good and service with others good and service in that return. the main point to note in this is that medium of offering services and goods is ignored i.e. money.
these type of system is used in society from centuries and long time back before money was introduced.
Answer: A - nominal wages are slow to adjust to changing economic conditions
Explanation:
In the short run, the costs of many of the factors used in the production process are fixed. For example labours wage is fixed for a number of years because of labour contracts. Also the raw materials used in the production process have long term agreements that fix their prices.
As a result of factors of production been fixed in the short run, when general price level rises and the cost of production remains constant, profit also rises.
Firms take advantage of this rise in price and increase production and the quantity of aggregate supply increases. This is why the short run aggregate supply curve is upward sloping.
Answer:
Recall cognition
Explanation:
Recall in recollection relates to the cognitive process of remembering data from memory.its 1 of the 3 core memory processes along with storage and encoding.
Answer:
The journal entry for the issuance of the bond is shown below:
Explanation:
The entry will be recorded on January 1
Cash A/c..............................................Dr $83,497
Discount on bonds payable A/c......Dr $6,503
Bonds Payable A/c............................Cr $90,000
On issuing the bond, cash is increasing, any increase in cash is debited. Therefore, the cash account is debited. The discount on bonds payable is debited. And the bonds payable account is credited.
Working Note:
Discount on bonds payable = Bonds payable - Cash
= $90,000 - $83,497
= $6,503
