Answer:
The answer is Credit.
Explanation:
Net loss can be thought of as a <u>Credit </u>to the Capital account.
Answer:
Purchases= $1,091,000
Explanation:
Giving the following information:
Beginning Raw materials inventory = $549,000
Ending Raw materials inventory= $612,000
The raw materials used in production= $1,028,000.
<u>To calculate the raw material purchased, we need to use the following formula:</u>
Purchases= production + ending inventory - beginning inventory
Purchases= 1,028,000 + 612,000 - 549,000
Purchases= $1,091,000
Answer:
The correct answer is option c.
Explanation:
The only kind of market structure where the price is set by market forces and not the firms is pure competition. The firms in other market structures such as oligopoly, monopoly and monopolistic competition are price setters.
The market for wheat is a pure competition as there is a large number of sellers who are producing identical products. The firms are price takers and the price is determined by market forces.
Answer:
A niche market
Explanation:
<u>A niche market</u> appeals to help consumers make purchase decisions <em>by defining the product features intended to satisfy the specific market needs, as well as the price range, quality of production and the demographics</em> that it is intended to target.
By doing so, the company becomes a market leader and it becomes possible for other firms to enter that particular segment.
