Answer:
Rise
Explanation:
A monopoly is defined as a market situation where only one seller determines the supply and price of a product, because they are the only ones that produce it.
When forms make technological advancements, they are able to make processes cheaper. So there is more money saved that can be used to increase production.
In this scenario for every product manufactured there is a $40 saved. This excess cash can be put back into the production to increase the output and profit.
Answer and Explanation:
The journal entries are shown below:
On Aug 1
Short-term investments $70,000
To Cash $70,000
(Being the short term investment is recorded)
Here short term investment is debited as it increased the asset and credited the cash as it decreased the asset
On Oct 30
Cash ($70,000 × 11% × 90 days ÷ 360 days) 1,925
To Interest revenue $1,925
(Being the interest revenue is recorded)
here cash is debited as it increased the asset and credited the interest revenue as it also increased the revenue
Here we assume 360 days in a year
Unethical behavior is behavior that is not considered normal, respectful, and ethical. Behavior such as cursing in public, performing inappropriate actions in public, or disturbing the peace is considered unethical. There are set norms in our society that you must follow like not shouting “d*mn in front of your mother of something similar.
Specialization is the result of low-cost producers focusing all their efforts on producing a single good or service. This is further explained below.
<h3>What is Specialization ?</h3>
Generally, the process of focusing on and developing expertise in a specific topic or ability.
In conclusion, Low-cost manufacturers specialize when they concentrate all of their efforts on providing a particular commodity or service.
Read more about Specialization
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