Answer:
Dr accounts payable $2,300
Cr cash $2300
Explanation:
Initially the cost of the purchases=$4600
Returning half of the disc means the left for the discs actually bought is half of the invoice price of $4600 i.e $2,300
By not paying within the discount period implies that the debt stands at $2,300
Without mincing words,payment of $2,300 to the supplier automatically translates to debiting account payable with $2,300 and crediting cash account with the same amount.
The correct answer would :
Dr accounts payable $2,300
Cr cash $2300
This is missing from the options provided.
A competitive market refers to a market where there is no monopoly of producers of goods and services, therefore, competition is high because they all have mission to satisfy the wants of a large consumers.
The characteristics of a competitive market are:
- Homogeneity of product: The product are made by different producers and encourages competition.
- There are existence of many buyers and sellers in the market.
- There is an access to derive perfect information on price of a product at any outlet in the market.
- There are no charges for transaction costs in a competitive market
- No barriers to entry into or exit.
In conclusion, there is no producers which can affect the market price through its supplying rate because there are excess supply of similar product in the market.
Learn more about competitive market here
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Answer:
transferred out = 1550 units
Explanation:
given data
beginning WIP inventory = 600 units
received = 1,500 units
end of month with process = 550 units
to find out
transferred out
solution
we get here transferred out by the given equation that is
Units in Work in process at the end of the month = Beginning WIP inventory + Units receive or started - transferred out ..................1
put here value we will get
550 = 600 + 1500 - transferred out
transferred out = 1550 units
Answer:
The correct answer is letter "A": listening.
Explanation:
Ideal manager skills are a set of practices and preferred behaviors high-range executives are expected to have or develop for managerial purposes. Among those aptitudes good communication and organization are vital. That is why listening is very important since managers must listen to their bosses as well as to their subordinates and customers.