Answer:
It (DOES NOT) speed up the problem solving process
Explanation:
It is more time consuming to solve a problem as a group, because there is compromise and deliberation time required for a group to come to a unified decision.
Answer and Explanation:
The journal entries are shown below;
On March 1
Cash A/c $303,500
To Common Stock $3 Par value (44,500 × $3) $133,500
To Paid in capital in excess of par value $170,000
(Being the common stock issued is recorded)
On April 1
Cash $74,000
To Common Stock, no par value $74,000
(Being the common stock issued is recorded)
On April 6
Inventory $43,000
Machinery $155,000
To Common Stock (2,400 ×$20) $48,000
To Notes payable $93,000
To Paid in capital in excess of par value $57,000
(Being the shares are issued)
Answer:
Product Markets
Explanation:
The free flow of products and services in a market is an important reason which helps in the encouragement of economic activity. A free market helps in the free flow of the products and services. The circulation of goods and services in the free economy is said to be the circular flow model. The product market in the circular flow model signifies the goods and services which are finished products.
Marginal revenue product of labor (MRPL)