Answer:
no impact
Explanation:
The journal entry to purchase the supplies for cash
Supplies Dr $ 1,300
To Cash A/c $ 1,300
(Being the purchase of supplies is recorded)
For recording this we debited the supplies as it increased the assets and credited the cash as it decreased the assets
Therefore there is no impact on the accounting equation
Answer: there is only one producer of a commodity
Explanation: In simple words, monopoly refers to a market structure in which there is only one participant in the market who is making available the commodity to the customers.
Monopoly can arise from a number of factors such as patents rights, new invention etc. Sometimes the govt. of a country finds it suitable to handle a particular industry for the national benefit such as defense.
Although monopolist is the single producer but still he or she cannot charge any price as the rule of price and demand is applies to monopoly also.
<u>Answer:</u> C. Management
<u>Explanation:</u>
In order to achieve the goals and objectives of the organization the management has to follow the process of planning, directing, and controlling an organization's financial, physical, human, and information resources. Planning is the way of organizing things to achieve desired goals. Guidance and motivation of the employees is essential for meeting goals
Monitoring and evaluating the tasks is necessary action by the management to control the activities of the firm and direct them in the right path.
Answer:
$73,500
Explanation:
The computation of the absorption costing net operating income last year is shown below:
= Variable costing net operating income - inventory units × Fixed manufacturing overhead cost per unit
= $81,900 - 2,800 units × $3
= $81,900 - $8,400
= $73,500
We simply deduct the fixed manufacturing overhead cost from the variable costing net operating income to find out the absorption costing net operating income
Answer:
D. Consumers in Terbia are confident that the economy will turn around in the near future.
Explanation:
Please consider the information provided by you in the exercise. If you have any question please write me back. Please take a look to the image attached.
