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3 years ago

Every year ___________ of americans require medical treatment from product related accidents.

Business

1 answer:

Gelneren [198K]3 years ago

3 0

Answer: The correct answer is "millions".

Explanation: Every year <u>millions</u> of americans require medical treatment from product related accidents.

Since the rise of globalization and the emergence of the Internet, society is increasingly dedicated to consumption, which causes more people to require medical services related to the use of products every year.

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H.T. Tan Company is preparing the annual financial statements dated December 31 of the current year. Ending inventory informatio

irinina [24]

Answer:

The calculation is shown below:

Explanation:

According to the scenario, the computation of the following data can be done as follows:

Total Cost = Quantity × Unit Cost

Total NRV = Net Realizable Value × Quantity

So, by putting the value in the formula, we get,

Item Quantity Total Cost Total NRV Lower of cost or NRV

A 59 $1,416.00 $1,239.00 $1,239.00

B 89 $3,471.00 $4,361.00 $3,471.00

C 19 $1,083.00 $1,159.00 $1,083.00

D 79 $2,686.00 $3,081.00 $2,686.00

E 359 $6,821.00 $5,026.00 $5,026.00

Total $15,477.00 $14,866.00 $13,505.00

6 0

3 years ago

The difference between supply and quantity supplied is that "supply" refers to the ___________ and "quantity supplied" refers to

yanalaym [24]

Answer:

a. curve; point on the curve

Explanation:

Supply refers to the supply curve. Changes in supply leads to movement of the supply curve either to the left or to the right.

Factors that cause change in supply:

A. Cost of production

B. Weather

C. Taxes

D. Number of suppliers

Quantity supplied is a point on th curve with reference to price. Changes in quantity supplied is represented by movement either up or down the supply curve. Changes in quantity supplied is caused only by changes in price.

I hope my answer helps you

4 0

3 years ago

Scott's Cycles sells merchandise on credit terms of 2/15, n/30. A sale invoiced at $1,500 (cost of sales $975) was made to Shann

damaskus [11]

1. The journal entry to record the credit sale by Scott's Cycles, using a perpetual inventory system, is as follows:

February 1:

Debit Accounts Receivable $1,500

Credit Sales Revenue $1,500

To record the credit sales, terms 2/15, n/30.

Debit Cost of goods sold $975

Credit Inventory $975

To record the cost of goods sold.

2. The journal entry to record the collection of the account by Scott's Cycles is as follows:

February 9:

Debit Cash $1,470

Debit Cash Discounts $30

Credit Accounts Receivable $1,500

To record the collection of the account and cash discounts allowed.

3. The journal entry to record the collection of the account by Scott's Cycles is as follows:

March 2:

Debit Cash $1,500

Credit Accounts Receivable $1,500

To record the collection of the account.

2. The journal entry to record purchase on account by Scott's Cycles is as follows:

March 4:

Debit Inventory $9,000

Credit Accounts Payable $9,000

To record the purchase of bicycles and accessories, terms 3/10, n/30.

<h3>What are the journal entries?</h3>

Journal entries are the accounting records kept by an entity about its daily transactions.

Journal entries identify the accounts involved in each transaction and whether they will be debited or credited.

Learn more about recording journal entries at brainly.com/question/17201601

6 0

2 years ago

Suppose that the USA can make 15,000,000 cars or 20,000,000 bottles of wine with one year's worth of labor. France can make 10,0

Artemon [7]

Answer: The answer is as follows:

Explanation:

From these numbers, we can conclude that USA has a comparative in producing cars and France has a comparative advantage in producing bottles.

Opportunity cost shows that how many units of one good have to be foregone in order to produce one additional unit of other good.

In USA:

Opportunity cost of producing bottles = $\frac{15000000}{20000000}$

= 0.75

Opportunity cost of producing cars = $\frac{20000000}{15000000}$

= 1.33

In France:

Opportunity cost of producing bottles = $\frac{10000000}{18000000}$

= 0.55

Opportunity cost of producing cars = $\frac{18000000}{10000000}$

= 1.8

Above calculations clearly shows that USA has a lower opportunity in producing 1 unit of car as compared to the France, so it has a comparative advantage in producing cars.

Whereas, France has a lower opportunity in producing 1 unit of bottle as compared to the USA, so it has a comparative advantage in producing Bottles.

5 0

3 years ago

Explain what is happening during each phase of the cycle with: I. output, II. employment III. and inflation

Ludmilka [50]

Answer:

During each phase of the economic cycle of Recession and Expansion, the following economic variables fluctuate, accordingly:

I. Output: During Recession, production output reduces. But, during expansion, product output rises with rising income, employment, and even stable inflation.

II. Employment: During phases of economic Expansion, employment rises, while it contracts during the phases of Recession.

III. Inflation: Due to rising income and output during economic expansionary periods, inflation rate also rises. It reduces when the economy enters a recession.

Explanation:

Business or Economic Cycle describes the recurrent, but not periodic, sequence of changes in the aggregate economic activities of a nation. It usually cascades between the spectrum of expansion and recession. This means that there is an alternation of the phases of economic cycle between expansion and contraction (recession) when the aggregate economic activities may rise or decline due to the equal movement of economic variables like the GDP output, employment, income, and sales.

5 0

3 years ago