Law of diminishing return has a positive relationship with marginal cost
Explanation:
The law of diminishing returns implies that marginal cost will rise as output increases. Eventually, rising marginal cost will lead to a rise in average total cost.
The era of the marketing evolution in which firms begin to focus on what consumers wanted and needed before designing, making, or selling a product is market-oriented era.
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What is the market-oriented era?</h3>
It should be noted that around the year 1940s when industries realized that focusing only on their business needs and as a result of this the customers are unsatisfied.
However, the businesses' marketing tactics that is been engaged that time is identifying what customers need and effectively customizing activities .
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Paralegal - Assist an attorney in research and administrative tasks.
Federal Aid Coordinator - Evaluate student applications for financial aid.
Corrections Officer - Supervise the management of a prison facility.
Answer:
The amount of cash received from this sale on July 24 is $1940.
Explanation:
The sell of merchandise on July 15 will result in an increase in sales revenue of $3800 and accounts receivables of $3800. The entry would be,
July 15 Accounts receivable $3800 Dr
Sales revenue $3800 Cr
The sales return of $1800 will reduce the amount of accounts receivables. The amount of accounts receivables outstanding and eligible to receive payment from will be (3800 - 1800) = $2000
The accounts receivables are offered a 3% discount if they pay within the 10 days of sale. On July 24, the payment is received within discount period and the discount allowed will be,
Discount allowed = 2000 * 0.03 = $60
The cash received will be $2000 - $60 = $1940
<span>The movement of storage of materials into a firm is material management. This is a technique that concerns itself with organizing, planning, and controlling how and what materials flow from the time they are originally purchased until they reach their destination.</span>
