Answer:
Command
Explanation:
In the command economic model, the government determines the level of economic productions in the country. It decides what will be produced, its quantity, and the cost price. A central authority or the government owns all the factors of production.
The command economy is also the planned economy. The government plans and produces all goods and services. The private sector is not present in the command economy.
Answer:
d.manage materials/products, information, and financials.
Explanation:
Handling the supply chain relates to handling the day-to-day operations related to the product and services by having proper communication
The goal is to transform the raw material into the finished products by going through the process work cycle so that the product is ready to purchase and deliver with time specified and precise location to the customer.
In addition, it also focuses on achieving a competitive advantage and increasing client satisfaction.
Answer:
1.172 US pair of jeans/Algeria pair of jeans
Explanation:
The real exchange rate correlates the price of the same good in two different countries. In this case, the good is a pair of jeans.
The real exchange rate is given by:
The real exchange rate is 1.172 US pair of jeans/Algeria pair of jeans.
Answer:
a. $7,524
b. Merchandise Inventory A/c
Explanation:
a. The computation is shown below:
= Merchandise amount - return and allowances - discount
= $8,700 - $1,100 - $76
= $7,524
The discount = (Merchandise amount - return and allowances) × discount rate
= ($8,700 - $1,100) × 1%
= $76
b. To record the return under the perpetual inventory system, the following entry is passed
Accounts payable / Account receivable A/c Dr
To Merchandise Inventory A/c
(Being return is recorded)
The Merchandise Inventory A/c is credited
