Answer:
It acts as a stimulus to a market
Explanation:
Incentive encourages people to act in a particular and desired way. It is anything that motivates people to work hard to achieve set objectives.
Since incentives influence behavior, they can act to stimulate the market. Stimulating the market refers to the actions that encourage increased economic activities. Incentives lead to increased levels of activities in the market.
Answer: $45,500
Explanation:
Cost of equipment = $100,000
Less: Depreciation = 65% × $100,000 = $65,000
Book value = $35000
Less: Savage value = $50,000
Loss on sale = $15000
Less: Tax Payable = 30% × $15000 = $4500
After tax Savage value = $50000 - $4500 = $45,500
Answer:
$2,443.95
Explanation:
Given:
Purchased inventory = $4,900
Freight bill paid = $310
Manufacturing returned = 35%
Purchase discount = 33%
Now,
The value of Purchase returns = 35% of $4,900
= 0.35 × $4,900
= $1,715
Therefore,
The Net purchases = Purchased inventory - Purchase returned
or
= $4,900 - $1,715
= $3,185
Also,
Discount = 33% of $3,185
= $1,051.05
Therefore, the final cost of inventory = Net purchases - Discounts + Freight
= $3185 - $1051.05 + $310
= $2,443.95
Answer:
A debit to Work-in-Process Inventory, Finishing Department of $140,000.
Explanation:
$140,000 will be credited to Work-in-Process Inventory, Mixing Department and debited to Work-in-Process Inventory, Finishing Department.
Finishing department is a process department. Finished goods are debited only when goods are transferred from the last processing department to finished goods.
Calculations
Cost per units transferred $ 4.00
Units transferred 3.500
Total cost of units transferred $ 1,40,000.00
There are different kinds of market. The option that is not a reason perfect competition is a useful simplification, despite the diversity of market types we find in the world is that;
- There are many buyers and many sellers in all types of markets.
<h3>What leads to perfect competition?</h3>
Firms are known to be in perfect competition due to;
- When many firms produce identical products.
- When there are plenty buyers available to buy the product, and and also plenty sellers are available to sell the product, etc.
Firms are said to be in perfect competition when a lot of firms produce the same type of products and also these firms can do business in the market without any kind of restrictions.
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