Answer:
The ansewr is a barter based economy.
In a barter based economy, goods are exchanged for other goods, because no good that takes the functions of money exists (unit of account, store of value, and medium of exchange).
Barter economies can work on a limited scope, but to a larger extent, they can become inefficient, because this type of economy requires a double coincidence of wants: both parties of the transaction must desire the other party's goods.
Answer:
a decrease in the demand for chocolate with no change in the supply of chocolate will create <u>m</u><u>o</u><u>r</u><u>e</u><u> </u><u>d</u><u>e</u><u>m</u><u>a</u><u>n</u><u>d</u>
Explanation:
The people want what they want and that's not going to change even if the product is low in stock.
Answer:
$13400
Explanation:
<u>Workings</u>
Unit of of production
Direct materials - 3.10
Direct labor - 7.70
Variable manufacturing overhead - 8.2
Supervisor's salary - 3.6
Depreciation - 2.00
Allocated general overhead 7.20
Total cost - 31.8
Cost per year = 31.8*14000
445,200
Cost of buying = 25.50
Allocated general overhead - 7.20
Total cost =32.7
Annual cost 32.7*14000 = 457800
Annual opportunity cost of internal production = 26,000
The overall advantage of buying = 26000 - (457800-445200)
= 13,400
Explanation:
First, the university must consider implementing new strategies that will be paramount for its systems to be improved.
The first step is to redo the customer service policy, the main flaws of the current system must be considered and carry out research with students on their view of the negative points of support and how they believe it would be more effective service. Based on the results and analysis of the surveys with the public, it would be effective to redo the policy for attending students, based on ethics, control and constant monitoring.
With more effective policies, it will be effective to adopt a strategy to optimize university systems through automation, so that more generalized questions and support are answered more quickly, in addition to appropriate and trained professionals to serve students effectively.
As an accountant, the bill of $100 for supplied bought from Walmart shall be verified, and a journal entry shall be made where the Supplies and Inventories shall be debited, and cash shall be credited.
<h3>What is a journal entry?</h3>
A systematic manner of recording the financial transactions of an organization in a chronological way, for the purpose of maintenance of accounting records, is known as a journal entry.
In case when an organization purchases inventories or supplies for cash payment, it is an expense for them, and thus it supplies balance is debited and cash balance will be credited.
Hence, the significance of journal entry for the given transaction shall be made in the manner as given above.
Learn more about a journal entry here:
brainly.com/question/20421012
#SPJ1