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pickupchik [31]
3 years ago
11

Liquor stores in Tennessee lobby the state legislature, asking that wine shipments from out-of-state be made illegal. They argue

that if consumers are allowed to buy wine from out-of-state, many in-state employees of liquor stores will lose their jobs. What would an economist likely say in response to this argument?
Business
1 answer:
Minchanka [31]3 years ago
4 0

Explanation:

An economist will respond to this situation by suggesting that the people of Tennessee reallocate resources used formerly for wine production to producing something else that they are good or famous for producing. This move will most definitely make people of Tennessee richer and other jobs will infact be created.

If out-of-state wine happens to be cheaper than what is being produced in Tennessee, then it will be most reasonable for Tennesseeans to stick to out-of-state wines.  

Liquor store job loses will give birth to new jobs that might not have been thought of and overtime, people who have lost their jobs will get a new job.

I hope this helps. Cheers.

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When the company pays rent expense for the current month, what is the effect on the accounting equation for that company?
GREYUIT [131]

Answer:

decrease the stockholder equity and decrease in assets

Explanation:

As we know, the accounting equation is  

Total assets = Total liabilities + stockholder equity

In the given case,  

The rent is paid for the current month, so the journal entry would be

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3 0
3 years ago
Which of the following is a mutually exclusive cost pool used in activity-based cost accounting? a. All of the answers are corre
VikaD [51]

Answer:

The correct answer is A: All of the answer are correct

Explanation:

ABC defines production as consisting of a variety of activities, and it assigns costs to those activities. An activity cost pool is an aggregate of all the costs associated with performing a particular business task, such as making a particular product. By pooling all costs incurred in a particular task, it is simpler to get an accurate estimate of the cost of that task.

Cost pool is created for those costs more closely aligned with the production of goods or services. It is very common to have separate cost pools for each product line. If production batches are of greatly varying lengths, then it has to consider creating cost pools at the batch level, so that it can adequately assign costs based on batch size.

To conclude, the creation of a cost pool and the subsequent assignment of costs will vary according to the length of production and the possibility to discriminate and assign costs.

4 0
3 years ago
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Answer:

D) By creating a new ad group for the sale.

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Answer:

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2 years ago
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I hope my answer helped you. Have a nice day!</span>
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3 years ago
Read 2 more answers
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