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NNADVOKAT [17]
3 years ago
13

Select which of the ways that entrepreneurs improve the economy is being described:

Business
1 answer:
8_murik_8 [283]3 years ago
4 0

Answer: (B) Demand for products

Explanation:

 The demand for the products is basically refers to the process in which the amount of the specific products are get purchased for the particular price so that the one business organization increase their productivity and the other business meets its specific requirement.

There are basically five factors which determine the demand of products function in an organization are as follows:

  • Income of the buyer
  • Price
  • Customer choice
  • The actual price of the related other products
  • Future supply expectations

Therefore, Option (B) is correct.

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Sunland Company uses the percentage-of-receivables method for recording bad debt expense. The Accounts Receivable balance is $31
Alinara [238K]

Answer: $15,500

Explanation:

First we calculate the estimated Uncollecteble debt,

= 6% of 310,000

= 0.06 (310,000)

= $18,600

We will then subtract the existing $3,100 to find out how much we will send to the Bad Debt Expense account because the amount already in the account needs to be included in the $18,600.

= 18,600 - 3,100

= $15,500

We will therefore Debit the Bad Debt Expense account with $15,500 and Credit the Allowance for Doubtful Accounts with the same amount.

If you need any clarification do react or comment.

5 0
3 years ago
Read 2 more answers
Eric works at an electronics store in a mall. Eric doesn't like to work hard, and it costs him $100 to do so. Eric's employer ca
SCORPION-xisa [38]

Answer: work hard; $65; less; $85

Explanation:

The following can be deduced from the question:

The Expected profit from working hard will be:

= (90% × $200) + (10% × $50)

= (0.9 × $200) + (0.1 × $50)

= $180 + $5

= $185

Then, the profit will be the difference between revenue and coat which will be:

= $185 - $100

= $85

Then, the expected profit from shirking will be:

= (90% × $50) + (10% × $200)

= (0.90 × $50) + (0.10 × $200)

= $45 + $20

= $65

Then, the profit will be:

= $65 - $0

= $65

Eric will (work hard) because the net gain of ($65) from shirking is (less) than the net gain of ($85) from working hard.

7 0
2 years ago
In the long run, each firm in a competitive industry earns
madam [21]

Answer:

The correct answer is option B.

Explanation:

In a competitive industry there is no restriction on entry or exit of firms in the market. So, when in the short run the firms are enjoying super normal profits or positive economic profits, this would attract potential firms to join the industry in the long run.

As a result the industry supply will increase in the long run. The increase in supply would cause the price to fall. This would further contribute in reducing revenue and profit.

This process will continue till the profit is reduced to zero. If profit falls below zero, then firms incurring loss will exit the industry. Then again zero profits will be restored by reduction in supply and increase in price.

So, we can say that perfectly competitive firms will have zero economic profits or only normal profits in the long run.

5 0
3 years ago
Frank lives in an area that experiences frequent thunderstorms. What precautionary measures should he adopt?
Alisiya [41]

Answer:

There are different precautionary measures Frank can adopt. They are:

Explanation:

1. Frank should have outdoor furniture made of concrete instead of metal.

A strike of thunder on a metal surface will propel an electric shock.

2. Frank should pay good or regular attention to the weather forecasts.

He should have a handy device such as a small radio, which will keep him abreast of important happenings in the area.

3. Frank should take cover once a stroke of lightning appears in the sky.

The field of Physics lets us to know that light travels faster than sound and that the moment lightning appears in the sky, expect thunder roaring about 8 seconds after.

4. Frank should get used to or always wear covered shoes, to protect him from the electric charge that is created between a thunderstorm and a wet ground. Gloves could also do, for the hands.

5. Frank should structure his movements and road trips such that he accounts for some time that'll be used to wait for thunderstorms to pass; since it's unsafe to drive while the storms are roaring.

This will help him be on time to events and meetings.

6. Frank should avoid leaning on walls which have metal wires or bars across them, especially when lightning appears.

7. Frank should avoid anything wet, during a thunderstorm. This precaution should be taken even while indoors.

8. In the event that frank gets caught outdoors or in the open when a thunderstorm occurs, he should stoop and let only his feet have contact with the ground.

3 0
3 years ago
The graph illustrates a change in the market for bicycles. Which statement could explain the graph?
olchik [2.2K]

Based on the graph that shows the change in the market for bicycles, the statement that explains the graph is The demand for bicycles increased due to news about the health benefits of exercise. The market price & quantity increased.

<h3>Which statement explains the supply and demand graph?</h3>

The question is not complete as the graph is not given. However, an answer can be formulated based on the laws of demand and supply.

The most likely option to be true is that the demand for bicycles increased due to news about its health benefits and then this led to the market price and quantity increasing.

This is because the increased demand for the bicycles would have drove the prices up. This would then have inspired suppliers to produce more bicycles thereby increasing bicycle quantity as well.

Find out more on demand increasing at brainly.com/question/4371942

#SPJ1

7 0
1 year ago
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