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3 years ago

A key to economic growth and development is to:

1 answer:

7 0

According to economic theory, productivity is the main key to economic growth, It is, the relation between output over input. Productivity is mainly driven by four components: innovation, including the creation of new technologies: education to spread these new technologies and develop the capacity of the workforce, efficiency to promote the effective and flexible allocation of resources for production in various sectors.

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Select the guidelines you should follow when creating a business letter

8090 [49]

Answer:

Write clearly and concisely
Use a font, size, and style that is suitable
Eliminate mistakes.
Remain polite even when dealing with a dispute

Explanation:

Business letters are meant to use formal language because they are to serve as official communication between the parties involved. As such, writing should be clear and concise which means it should be straight to the point.

Use a font, size and style that is suitable and will be taken seriously for instance, Times New Roman and Arial are widely used as they project professionalism. There should be no mistakes which means the letter should be proofread and even when dealing with disputes, politeness should be maintained as emotive writing is not to be featured in formal writing.

5 0

2 years ago

Joslyn Company manufactures metal brackets. The estimated number of metal bracket sales for the first three months of the curren

Alexus [3.1K]

Answer:

Production= 1,240 units

Explanation:

Giving the following information:

Sales:

February= 1,250

March= 1,200

Desired ending finished goods inventory is equal to 20 percent of the next month's sales.

To determine the production required for February, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production= 1,250 + (1,200*0.2) - (1,250*0.2)

Production= 1,240 units

7 0

2 years ago

Landhill Corporation is authorized to issue 49,000 shares of $5 par value common stock. During 2020, Sandhill took part in the f

spayn [35]

Answer: Please see answer in explanation column

Explanation:

1. Journal to record common stock issued

Account title Debit Credit

Cash $210,400

Common stock $22,500

Paid in capital in excess of par $187,900

common stock

Calculation:

Cash = 4,500 x $45 + $7900= $210,400

Common stock =4,500 x $5=$22,500

Paid in capital in excess of par common stock = Cash - Common stock =$210,400-$22,500=$187,900

2) To reccord Land purchased in exchange of common stock

Account title Debit Credit

Land $50,600

Common stock $ 5,500

Paid in capital in excess of par $45,100

common stock

Calculation:

Land= 1,100 x $46 = $50,600

Common stock =1,100 x $5=$5,500

Paid in capital in excess of par common stock = 1100 x (46-5)$41=45,100

3) To record purchase of treasury stock

Account title Debit Credit

Treasury stock $19,270

Cash $19,270

Calculation:

Treasury stock = 470 shares x$41= $19,270

8 0

2 years ago

Once a company has prepared an adjusted trial balance it is ready to prepare financial statements. Which financial statement is

Sloan [31]

Answer:

Explanation:

There is a sequence of preparing statements of financial statements because some statements use information from other statements of financial position. The income statement does not require information from any other statements. The retained earnings need information from income statement to calculate current retained earnings. The balance sheets require information from statement of retained earnings(retained earnings for this period).

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2 years ago

What are the four requirement of valid contract

timurjin [86]

Four requirements for a valid contract are an offer, acceptance by the other party of the offer, a mutual agreement or meeting of the minds of the contracting parties and a valid consideration.

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3 years ago