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4 years ago

Which economic player is most closely associated with the dual role of consumer and producer?

1 answer:

8 0

<span>worker

The </span>economic player that is most closely associated with the dual role of consumer and producer is the worker because he produces goods with his work, and so a worker is a producer, but he also consumes other goods, so the worker is also a consumer.

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During 2021, its first year of operations, Hollis Industries recorded sales of $10,600,000 and experienced returns of $720,000.

Wittaler [7]

Answer:

Explanation:

The journal entries are shown below:

1. Sales revenue A/c Dr $128,000

To Sales return and Allowances $128,000

(Being return sales is recorded)

The computation is shown below:

= Recorded sales × estimated returned percentage - experienced returns

= $10,600,000 × 8% - $720,000

= $848,000 - $720,000

= $128,000

2. Inventory A/c Dr $76,800 ($128,000 × 60%)

To Cost of goods sold $76,800

(Being returned cost of goods sold recorded)

7 0

3 years ago

a project has a team member who routinely is not showing up to meetings or completing assignments. the appropriate place to capt

PilotLPTM [1.2K]

A project has a team member who routinely is not showing up to meetings or completing assignments. the appropriate place to capture this would be issue log.

<h3>What is issue log?</h3>

This is a register that contains all happening around a project.

Negative issues that affects that project is also recorded for reviews and furthermore deliberation.

Therefore,

Aproject has a team member who routinely is not showing up to meetings or completing assignments. the appropriate place to capture this would be issue log.

Learn more in project team below

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5 0

2 years ago

If a firm favors a push strategy, using direct selling to educate potential consumers about the features of its products, what k

BigorU [14]

Answer:

industrial products

Explanation:

A company that does this and mostly favors a push strategy is usually selling industrial products. That is because a push strategy focuses on taking the product to the potential customer and showing them how it works as well as how it can benefit them, therefore pushing the product on them. Industrial Products are great for such a strategy since they require actual demonstration and can easily show the potential customer the actual value that the product can provide.

3 0

3 years ago

What two reasons would cause you to not give a customer a quote

Andrej [43]

If they were rude or if we were closed (I guess)

8 0

3 years ago

Suppose that over one range of prices, the absolute value of the price elasticity of demand varies from 15.0 to 2.5, and over

Vera_Pavlovna [14]

Answer:

In the first range of prices (with PED 15 - 2.5) as the price of the good or service falls, total revenue should increase. Imagine that a 1% reduction in price will result in a 15% increase in quantity demanded. The same happens when PED = 2.5, since a 1% reduction will increase quantity demanded by 2.5%.

e.g. price = $100, quantity demanded = 100, total revenue = $10,000

price falls to $99, quantity demanded increases to 115, total revenue = $11,385
price falls to $99, quantity demanded increases to 102.5, total revenue = $10,147.50

On the other range (PED = 1.5 - 0.75) as the price of the good or service falls, at first total revenue will increase but then it will decrease.

e.g. price = $100, quantity demanded = 100, total revenue = $10,000

price falls to $99, quantity demanded increases to 101.5, total revenue = $10,048.50
price falls to $99, quantity demanded increases to 100.75, total revenue = $9,974.25

5 0

3 years ago