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Annette [7]
3 years ago
5

When you begin working, you will most likely be both a _____ and a _____ in a market economy.

Business
2 answers:
laila [671]3 years ago
6 0
Producer & Consumer should be the correct answer
Kay [80]3 years ago
6 0
You will be both a customer and a supplier
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When a large supply of a product is available for sale, the price of the product will often
ankoles [38]

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Explanation:When supply of a product goes up, the price of a product goes down and demand for the product can rise because it costs less.

5 0
2 years ago
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The overhead volume variance relates only to
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D fixed overhead cost
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3 years ago
The following inventory valuation errors have been discovered for Knox Corporation:
Whitepunk [10]

Answer:

Income +/- inventory adjustment

2015:   138,000 - 23,000 = 115,000

2016:  254,000 + 61,000 = 315,000

2017:   168,000 + 17,000 = 185,000

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<u>Inventory Identity:</u>

Beginning + Purchases = Ending + COGS

As the mistake is on the right side it compensates by the other component which is COGS

<u><em>When the inventory is overstated</em></u> this means COGS is understated.

We didn't record the cost of good sold thefore our gross profit is higher making the net income higher.

<u><em>When the inventory is understated</em></u> this means COGS is overstated.

We record more cost of goods sold thefore our gross profit is lower making the net income fewer as well.

7 0
3 years ago
Suppose that you go to a bank at which you have no account, give the bank cash, and in return obtain a check drawn against that
igomit [66]

Answer:

Cashier's check.

Explanation:

These checks are said to be quaranteed and issued in the bank by the banking institute. It contains the name of the receiver receipiant which has been inscribed in the check by the banking institute or credit union attached to the receiver also with the amount of money written on it. This amount written on it is known to be the withdrawable amount.

The cashier's check can be sent out in form of a letter, fax or even a mail to the intended persons or organisation making the withdrawal.

Here, monies which are been orders are easily secured by use of a cashier’s checks.

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3 years ago
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