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xenn [34]
3 years ago
9

In the circular flow of economic​ activity, there are two kinds of markets in which firms and households interact. In the fact

or​ market:
Business
1 answer:
brilliants [131]3 years ago
4 0

Answer:

Factor market is the market where companies purchase the factors of production  and resources that they utilise to produce goods and services. They buy the productive resources  to make payments at factor prices.  Factor maker is also called input market. It is different from product market in which the households are buyers and businesses are sellers. The factor market is opposite of this.

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Choose the items below that would be added to the book balance on a bank reconciliation. (Check all that apply.)
Blizzard [7]

Answer:

A. Interest earned on the depositor's account

B. Deposit in transit and Note collected by the bank for the depositor

Explanation:

In Financial accounting, bank reconciliation can be defined as an evaluation which give a complete details of the financial items responsible for any difference between the balance of the cash account in the balance sheet and the cash balance reported in an entity's bank statement. These reconciliations should be done at regular intervals so as to ensure a balanced record of the cash account are kept by an organization or firm.

Adjusted balance ends the bank section of a bank reconciliation. Thus, in the event of any fraudulent behavior by an employee, the bank reconciliation would detect any anomaly or financial fraud in the organization.

In a nutshell, after a reconciliation of the bank statement, the adjusted bank balance should be equal to the company's ending adjusted cash balance on the balance sheet.

The items that would be added to the book balance on a bank reconciliation include the following;

A. Interest earned on the depositor's account.

B. Deposit in transit and Note collected by the bank for the depositor.

3 0
2 years ago
true or false and then EXPLAIN why. Assume the economy produces five goods. If the prices of three of the goods increase, then t
Ipatiy [6.2K]

Answer:

The correct answer is False.

Explanation:

The prices of goods and services are fundamentally determined by their demand and supply. When they increase or decrease, it is because one of these two variables has led to a change. Specifically, an increase in prices occurs especially for three reasons.

Case 1: Supply is maintained and demand increases :

In this situation, companies continue to offer the same amount of a good or service, but we all buy more of them. This can happen for many reasons, among them, an increase in the population (there are more people and more traffic jams and more bikes are sold for circulation on the urban road), it becomes somewhat fashionable, our incomes increase, etc.

It can also happen that the price of a substitute rises (goods that give us exactly the same, such as orange soft drinks of one brand or another). If the price of brand X increases, the demand for brand Y will surely increase, since it will cover the same need at a lower price.

Case 2: Supply falls and demand remains :

A reduction in the supply of companies will make it more expensive. It can happen for a wide range of reasons: from the number of companies with these offers decreasing until the technology of some firms becomes outdated and only a few remain on the market. It may also happen that the price of inputs increases and that manufacturers cannot produce the same quantity as before due to this increase in price.

Case 3: Supply falls and demand increases :

In this case, a ‘mix’ of the phenomena that we have seen previously would take place. However, there are other more specific variables that cause prices to vary. For example, on occasion, governments artificially increase their monetary base. In other words, they use the strategy of manufacturing and issuing money, with more money in circulation than an economy really needs.

8 0
3 years ago
For what reason might someone decide to bring a civil law suit against a person or a business? What might the
Svetradugi [14.3K]

Answer:

The reason for a civil law suit can be almost any harm or wrongful act done to an individual or business, by another person or business entity. For example, a breach of most contracts can be considered as the reason for a civil law suit. Also, car accidents and misfortunes take a big share in civil law suits.

If a defendant loses in a civil law suit, he usually pays in dollars, as reimbursement for the harm done. Rarely, this results in actual time in prison (behind bars).

----------------------------------------------------------------

Usually, when harm or potential misunderstanding includes someone you know or work with, the first step is to try to settle things without court. Legal costs can become overwhelming, especially if the problem could be solved beforehand.

Also, the social and relationship aspect is extremely important. If you take a case to the court (especially if the reason is minor and could be potentially settled without the aid of legal entities), the relationship between you and the defendant will always have a hostile notion to it. That is a factor to take into consideration if the defendant is an acquaintance or co-worker.

7 0
3 years ago
The problem with staying organized is that staying organized______. a. Is a skill that cannot be learned b. Requires forming new
Alexus [3.1K]
B, it requires forming new habits

7 0
3 years ago
Read 2 more answers
The inventory of Oheto Company on December 31, 2017, consists of the following items.
algol [13]

Answer:

a. $335,100

b. $341,300

Explanation:

The computation is shown below:

         (A)             (B)                      (C)       (A × B)          (A × C)

Part  Quantity  Cost per Unit   NRV    Total cost    Total NRV   Lower value

110    600          95                      100       $57,000       $60,000     $57,000

111     1000         60                      52        $60,000       $52,000   $52,000

112    500          80                      76         $40,000       $38,000   $38,000

113    200          170                     180       $34,000        $36,000   $34,000

120   400          205                   208       $82,000        $83,200   $82,000

121a  1600         16                      1             $25,600        $1,600   $1,600

122   300          240                   235       $72,000 $70,500   $70,500

Total                                                         $370,600 $341,300  $335,100

So

a. Under the  LCNRV method, the inventory to each item would be $335,100

b. The total inventory would be $341,300

3 0
2 years ago
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