Answer:
According to the information provided is possible to conclude that in both options the indicators are understated
Explanation:
(a) Rent revenue (or revenues) will be understated. Net income will be understated.
(b) Retained earnings at the end of the period will be understated. Unearned rent (or liabilities) will be overstated.
Given what we know, we can confirm that capitalism encourages businesses to be more efficient to compete successfully on the price and quality of the product.
<h3>Why does capitalism encourage this competition between businesses?</h3>
- This is due to the fact that through capitalism, there are more entities offering the same service.
- This means that consumers will have to choose where to buy.
- This will be based on the price and quality of the service or product.
- Therefore, businesses are forced to compete in these areas to attract customers.
Therefore we can confirm that capitalism encourages businesses to be more efficient to compete successfully on the price and quality of the product in order to attract the limited amount of consumers for a product that is offered by many companies.
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True. Rocks are not created or destroyed they are recycled.
The five economic activities are:
producing, exchanging, consuming, saving, and investing.
100% Correct on Gradpoint :)
Answer: $1,680
Explanation:
It currently takes 3 days for checks to be available to the firm. If these payments could be available in 2 days then that would mean that they get access to $28,000 a day earlier than normal.
To calculate the annual savings, we shall assume an interest rate of 6% as one is not included.
Annual savings = Interest rate * Average payment
= 6% * 28,000
= $1,680
