Answer:
The correct statement lies in option C.
Monopolies negatively affect consumers.
Explanation:
- The statement that best captures the economic message of the cartoon is that monopolies negatively affect consumers.
- When a specific enterprise or person is the only supplier in the market, it is called monopoly.
- Monopoly can result to higher prices of the good, also known as price taker as there is no other enterprise which can supply the same good.
- Here, Santa Claus is the monopoly as he is the only supplier of gifts in Christmas so he gets sloppy and result in low output in his work.
Answer:
Explanation:
The journal entry is shown below:
Finished goods A/c Dr XXXXX
To Work in progress A/c - Waterproofing XXXXX
(Being the completion of the production is recorded)
Since there are 2 steps to make the finished good. The first one is raw material and then process the raw material which we called work in progress account, After processing the product, the goods are ready to the sale which we called finished product.
So, we debited the finished goods account and credited the work in progress account
answer:
a: classes you have taken
b: job or volunteer experience
e: software skills
g: leadership skills
Answer:
C. $222,500 ÷ $313,500
Explanation:
Calculation for cost to retail ratio
COST
Beginning inventory $30,000
Add; Purchases $190,000
Add: Freight in $2,500
Cost $222,500
RETAIL
Beginning inventory $45,000
Add: Purchases $260,000
Add: Net mark ups $8,500
Retail $313,500
Therefore, the cost to retail ratio will be
$222,500 $313,500
It should be noted that Personal selling requires that sales associates be friendly, knowledgeable, and helpful.
<h3>What is Personal selling all about?</h3>
Personal selling can be regarded as face-to-face selling where someone who is the salesman tries to convince the customer in buying a product.
It serves as a promotional method by which the salesperson uses his or her skills to sell goods.
Learn more about Personal selling at;
brainly.com/question/7156426
