Answer:
The correct entry would be:
Account Debit Credit
Finished Goods xxxxx
Work-in Process Curing xxxxx
Work-in Process Blending xxxxxx
Answer:
The correct answer is letter "A": Direct price discrimination
.
Explanation:
Price discrimination refers to setting the same product or service at different prices because of a special feature of customers such as age, gender, income, location, just to mention a few. Price discrimination always carries an excuse so the offering of products at prices can be considered legal.
Direct price discrimination is provided when a different price is provided to a specific group benefiting individuals who may need the reduction of price the most. Direct price discrimination is given according to the identity of the consumer.
Therefore, <em>if a bar offers discounts to college students showing their IDs, they will be implementing direct price discrimination.</em>
Answer:
the farm would face trade offs in production of apples or oranges
Explanation:
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Answer:
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Explanation:
Answer:
The accountant should debit Supplies Account by 1360 and credit the Supplies Expense account by 1360.
Explanation:
Normally we pass the adjusting entries at the year end and do the reverse and calculate supplies on hand at end and determine the supplies expense at the year end by taking difference of balance in supplies account and the supplies on hand.
In this case we are doing the reverse as we are taking the balance of supplies expense account and the supplies on hand and calculate the difference. The difference is the actual supplies that have been used. The supplies on hand are an asset and should be debited to supplies account and the expense is overstated by the same amount of 1360 and should be reduced so it is credited.