<span>$104,500 * 0.04 = $4,180 - $665 = $3,515</span>
Creative destruction is the creation of new products and production methods that completely destroy the market positions of firms wedded to existing products and older ways of doing business.
Creative destruction is the constant process and product innovation mechanism through which new production models replace obsolete ones. This restructuring process pervades the main features of macroeconomic performance, including lengthy growth and changes in the economy, structural adjustment, and factor market functioning.
Over time, the practice of creative destruction is responsible for more than half of all productivity growth. Restructuring typically decreases during recessions at business cycle frequency, adding a massive expense to downturns. Obstacles to the creative destruction process can have serious long- and short-term macroeconomic consequences.
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Which type of average provides the center-most score in a distribution? Median. The median is the center-most score within a distribution. To find this number, you need to arrange the numbers from smallest to largest and find the center number between them to figure out the median number.
Answer: Psychological
Explanation: A consumers intention to buy the product doesn't always lead to the actual purchase. There are various factors which needs to be considered. Psychological, substitution effect, the need of the product.
Gabbie will look for two things while purchasing the fight ticket, as she is not a morning person , she will prefer a flight in the afternoon or an evening or a night flight. And she would specifically look for a flight with WIFI. So this is psychological effect which influences the decision of Gabbie.
Answer:
The Journal entries are as follows:
(a) On March 1,
Petty cash A/c Dr. $1,000
To cash $1,000
(To record petty cash fund)
(b) On April 1,
Repairs Expense A/c Dr. $600
Miscellaneous Selling Expense A/c Dr. $56
To Cash Short and Over $29
To cash $685
(To record cash short and over account.)
Notes:
Cash Short and Over = 1000 - (600 + 56 + 315)
= $29