This indicates that the society is using resources efficiently and effectively. This is because all economies tend to go towards the equilibrium and if they don't, that's bad for the economy.
Answer:
$2,490
Explanation:
Based on the information given we were told that in order for the company to recognize his long as well as loyal service they awarded Ed a gold watch worth the amount of $105 which as well include the amount of $2,490 as cash bonus which means that the amount that Ed must include in his gross income will be the cash bonus amount of $2,490.
Therefore the amount that Ed must include in his gross income is $2,490
Answer:
A. compete against each other in several geographic or product markets.
Explanation:
Different geographic or product markets often possess different challenges for producers to sell their product. This happen because different cultutres, climate, and social conditions tend to create different needs for the customers.
This is why business experts refers to it as 'multi-market competition'. Even though these companies sell similar product, they require different approach/strategies in order to win over different customers in these markets.
Example for this would be Pepsi and coca cola. They sell similar products world wide, not just in united states. Their competition require them to learn the cultures and customers characteristics from different countries as their target market.
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Answer:
Option B,$0 profit is the correct answer.
Explanation:
Using the completed-contract method in contract costing implies that all the revenue as well as the associated contract costs are recognized at the end of the contract period.
Specifically,Gleason construction in the process of constructing ,hence no costs and revenue can be recognized ,they are deferred to the completion date of the contract.
The correct option based above explanation is B,$0 profit
