Answer and Explanation:
The journal entries are shown below:
On April 5
Inventory Dr $28,600.00
To Accounts payable $28,600.00
(Being purchase of inventory on account is recorded)
On April 6
Inventory Dr $580.00
To Cash $580.00
(Being freight payment is recorded)
On April 7
Equipment Dr $32,000.00
To Accounts payable $32,000.00
(Being purchase of equipment is recorded)
On April 8
Accounts payable Dr $3,500.00
To Inventory $3,500.00
(Being purchase returns is recorded)
On April 15
Accounts payable Dr $25,100.00 ($28,600- $3,500)
To Cash $24,096.00
To Inventory $1,004.00 ($25,100 × 4%)
(Being payment to the supplier is recorded)
The operations process for what
Price discrimination is a rational strategy for a profit-maximizing monopolist when there is no opportunity for arbitrage across market segments.
<u>Option: C</u>
<u>Explanation:</u>
Price disparity is a pricing strategy in which businesses charge different rates to each consumer for the same goods or services depending on how much the consumer is actually willing to pay. The consumer usually doesn't know that such actions are taking place. Thus this help monopolies to earn more profit which is drived during market arbitrage, which is basically to reap the benefits of a price gap as it is a simultaneous bartering of the same commodity in various markets. It comes about because of asymmetric knowledge among sellers and buyers.
Answer:
Explanation:
In order to earn money and produce goods that improve lives, self-directed gain would provide jobs, and subsequently wages for others.
The way people can become wealthy by their own efforts is to sell what they produce to others. As the business grows, labor is hired to produce more. This is the 'invisible hand' concept that turns self-directed gain into social and economic benefits for all.
Answer:
The correct answer is letter "B": They should be ignored in a bidding war.
Explanation:
Negotiations are vital in every aspect. They allow individuals to deal with situations in which parties need from each other but either of them is willing to take the first step to come to an agreement. Negotiations can also be useful out of problematic situations when parties voluntarily want to make a pact but the initial terms are unclear.
Placing limits for negotiations is important as well. Limits will prevent parties from giving to much of themselves or avoiding the other party to take advantage of a given situation. Thus, in front of war, limits must be placed in a negotiation.
