Accounting cycle has various steps to discuss, which are listed below,
Explanation:
- The first step in accounting cycle is to analyze and have a record of transactions.
- Post closing trial balance is an optional step in the accounting cycle.
- Journalizing and posting the closing entries are the steps required to complete throughout the accounting period.
- Adjustments of accounts, preparing the financial statements and closing accounts are completed at the end of accounting cycle period.
- The last step in the accounting cycle is to post closing trial balance.
Answer: 554 units
Explanation:
The formula to calculate the optimal average number of units in the inventory will be calculated as:
= EOQ/2
EOQ is the economic order quantity and this will be:
= √(2 × Annual demand × Ordering cost / Carrying cost
= √(2 × 202,801 × 9.33)/3.08
= ✓1228658.5
= 1108.5
Therefore, the optimal average number of units in the inventory will be:
= EOQ/2
= 1108.5/2
= 554.25
= 554 units approximately
An oligopoly does not exist when there is a lot of variety in the number of sellers and producers of media content.
What is an oligopoly-
An Oligopoly is a type of market in which :
- Few numbers of buyers and sellers.
- High capital cost to entry in the market.
- Similar but slightly different products. (eg. Cold drink companies)
- Entry may be restricted to a few firms
- there can be informal cartels within the existing firms which do not allow others to come in.
- The action of one firm has an effect on the whole market, this will leads to a prisoner's dilemma.
An example of an oligopoly market is - the Organisation of petroleum exporting countries(OPEC).
Disclaimer- The Question is incomplete the question may be "An oligopoly exists when there is a lot of variety in the number of sellers and producers of media content, but not much variety in what they actually produce. Is this statement true or false?"
To learn more about the types of markets please click on the link
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Answer:
B), C) and F)
Explanation:
Microeconomics refers to the study of individuals, households, firm behavior for making the decision and distribution of resources. It is useful for the markets that offered goods and services and also handle an individual and economic issues
Therefore in the given case, the microeconomics covered in B, C and F options
I think it would be b cause when the work is done you cant hire new workers to do what is already done