The correct answer to this open question is the following.
Although there are no options provided or another reference, we can say that what has changed from that old conception to produce goods is the customization of products and attention to detail to differentiate the product from the competition and the more efficient production line with the use of robots and modern technology. That is what is making the difference today, in a competitive market full of companies that try to capture the loyalty of the consumer.
No more production line in the old way. Today, companies are asking consumers what they want and how they want it and are making every single effort possible to provide the exact product.
Answer: The newly created firms is able to take advantage of economies of scale.
Explanation:
A merger is an agreement whereby two companies come together and pool their resources together in order to form one company and achieve same organizational goals.
One main reason why companies merge together is in order to achieve economies of scale. This is the reduction in cost as a result of the expansion and increase in production level.
Where is the question? Thanks.
Answer and Explanation:
The adjusting entry made on Tuesday is as follows
Salaries expense Dr $120 ($300 × 2 days ÷ 5 days)
To Salaries payable $120
(Being the salaries expense is recorded)
here the salaries expense is debited as it increased the expenses and salaries payable is credited as it also increased the liabilities.