Answer:
The correct option is C,import quotas.
Explanation:
Import quota is an approach to prevent home industries from high foreign competition by placing a ceiling on the quantity of locally manufactured goods that can be imported.
By import quotas,the businesses are provided a level playing ground to thrive as they able to sell their products at reasonable prices and not chased out of business by foreign manufacturers that produce in large quantity at reduced cost in order to sell at a very competitive price.
Answer: Buy more of both rice and beans
Explanation: Marginal benefit refers to the additional benefit that a customer get by consuming one additional unit of a commodity.
In the given case, the marginal benefit for the customer is positive for both of the goods. Also if he chooses to but one more unit of anything in place of other than he will not able to use his budget properly.
Thus, from the above we can conclude that the correct option is C.
Answer:
The Cost of Goods Sold will be understated by $6,900 and the Sales Revenue will be understated by $2,500.
Explanation:
The sale of goods on credit will affect the Cost of sales and the Sales Revenue. The Cost of Goods Sold will be understated by $6,900 and the Sales Revenue will be understated by $2,500.
Answer:
The correct answer is letter "B": Concurrent engineering.
Explanation:
Compared to the traditional model in which the design is drawn chronologically and methodically, concurrent engineering is a method that allows working in parallel. This model is based on the idea that designers must consider all the stages a product goes through, from the moment when it is an idea until it reaches end-consumers.
This implies the <em>design of the product, its production, quality measurements, market demand, </em>and <em>its positioning among competitors.</em>
Answer:
You need to deduct $450 from the company's cash balance. Since the check was received from a client, it covered an accounts receivable, so the adjusting entry should be as follows:
XX/YY, adjusting entry to reconcile checking account:
Dr Accounts receivable 450
Cr Cash 450
Accounts receivable and cash both have debit balances, and since you want to increase accounts receivable you must debit it, while you must credit cash in order to decrease it.
