Answer: x-inefficiency.
Explanation: Since it does not face any competition in its industry, the actions of Metropolitan Power and Light are an example of x-inefficiency which is a situation in which monopolies find themselves wherein they do not have to act efficiently since they are protected from competitive pressures. X-inefficiency is also applied to analyzing the average costs in imperfectly competitive markets whose average costs are higher than they would be if the market was more efficient.
Answer:
The answer is given as below;
Explanation:
Opening inventory $8,000
Purchases $96,000
Less: return outwards ($6,200)
Add; Freight in $1,100
Less: Closing Inventory ($17,300)
Cost of Goods Sold $81,600
Answer:Skysong journal $
Date
December 2020
Raw material Dr 984,100
Loss on raw material 48,000
Supplier Cr 1,032,100
Narration. recognition of raw materials purchased at agreed value.
2021
Supplier Dr. 1,032,100
Bank Cr. 1,032,100
Narration. Payment for raw materials purchased at agreed value.
Explanation:
The raw materials needs to be paid for at the agreed value not withstand ing the fall in value. However stock are to be recognized at cost or net realisable value which ever is less and since the market value of the stock has dropped this has to be recognized as a loss in the income statement to avoid the stock been over value.
One thing that helps incumbents win reelection ,which might include federal spending projects benefitting state and local governments, businesses, colleges, and other institutions in a congressional district is
the pork barrel.
Pork barrel :
Pork barrel, or simply pork, is a metaphor for the appropriation of government spending for localized projects secured solely or primarily to bring money to a representative's district.
What is the problem of pork barrel?
The Priority Development Assistance Fund scam, also called the PDAF scam or the pork barrel scam, is a political scandal involving the alleged misuse by several members of the Congress of the Philippines of their Priority Development Assistance Fund (PDAF, popularly called "pork barrel"), a lump-sum discretionary fund
Learn more about pork barrel:
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Answer:
that there's a need for an improved poverty measure.
Explanation:
It is interesting to note that poverty has a defined measurement which helps Governments understand how taxes and government programs affect those who are poor.
However, due to changing housing costs and the fact that indoor plumbing was not common for rural families in the middle of the twentieth century it was necessary to modify the measures that defines a poor person.
