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3 years ago

What are three of the common factors that make local economies different?

Business

1 answer:

vitfil [10]3 years ago

8 0

Answer:

Marketplace, advancements in technology, and investments

Explanation:

Various factors are involved which make a local economy different such as marketplace, advancement in technology and investment. These three are the most important and critical factors which distinguish local economies from the global or international market. The above three factors are important for economic growth and can take an economy from a developing to a developed economy.

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On December 31 the Income Summary account of Cook Company has a debit balance of $18,000 after revenue of $49,000 and expenses o

Ann [662]

Answer: The answer is given below

Explanation:

The journal gives a detailed account of the financial activities that has taken place in an organization or a business.

The journal entries necessary to complete closing the above accounts has been recorded and attached. It should also be noted that the capital balance will be:

= $84000 - $18000 - $23000

= $43000

Check the attached file for further analysis.

5 0

3 years ago

This is the responsiveness of the distribution of a good to the amount charged for a good in economics.

polet [3.4K]

Supply elasticity is the responsiveness of the distribution of a good to the amount charged for a good in economics

3 0

3 years ago

Wayne Co. had a decrease in deferred tax liability of $29 million, a decrease in deferred tax assets of $19 million, and an incr

Kruka [31]

Answer:

The multiple choices are:

A. $99 million.

B. $100 million.

C. $110 million.

D. $130 million.

The current option is A, $99 million

Explanation:

The total income tax expense for the comprises of the increase in tax payable amount of $109 million plus the decrease in deferred tax assets minus the decrease in deferred tax liability

Increase in tax payable $109,000,000

decrease in deferred tax liability ($29,000,000)

decrease in deferred tax assets $19,000,000

total income tax expense $99,000,000

The amount tax expense to deducted in the income statement for the year is $99 million.

The decrease in deferred tax liability is like an income ,hence deducted , while the decrease in deferred tax assets is added as an additional tax expense.

8 0

3 years ago

Farley Company identifies the following items for possible inclusion in the taking of a physical inventory. Indicate whether eac

ValentinkaMS [17]

Answer: A.Freight in

B.purchase return and allowance

C.purchase

D.sales discount

Explanation: A.Freight in the transportation cost associated with the delivery of a goods from the supplier to the receiving end.

B.purchase return and allowance. This occurs when a purchaser and inventory back to the seller.

C.purchase. This is the good and services bought by a company.

D.sales discount. A sales discount is usually offer for prompt payment. Is an incentive sellers offer for early payment.

5 0

4 years ago

Which of these is an example of a shortage?

AveGali [126]

Answer:

“Water cannot be used for certain crops because you are using it on others.”

Explanation:

The first and second option aren’t shortages. It just shows that no one is around to do any business. So the first 2 options are incorrect. The third option isn’t correct either. No items would be unavailable because they were shipped. If items were shipped, it would be a gain for a certain amount of time for people.

4 0

3 years ago