Answer:
C. Reteach the concept with alternative examples
Answer:
The correct answer is number (2): Reduce reliance on market forces because they allocate goods and services in an unfair manner.
Explanation:
Relying on market forces imply letting supply and demand freely decide the levels of quantity demanded and supplied goods and services and their corresponding prices. This scenario could lead to unfair market competition and inhuman labor standards. For that reason, government intervention is necessary to set fair rules for organizations and individuals within society.
The type of business that is a special type of license agreement is a partnership, as there is a legal written agreement between two parties, that grants the right to use trademarks and patents.
A partnership is a business that is shared by two or more entities, where the parties share legal and financial responsibility through a legal agreement.
Partnerships are more effective for businesses operating in the same sector, for the partnership to be more aligned with the business and increase the companies' positioning in the market.
Therefore, in a partnership, the parties involved will specify through a license agreement the distribution of property, profits and losses, responsibilities and their commercial relationship.
The correct alternative is letter A.
Find out more about partnership here:
brainly.com/question/25012970
Answer:
a)
Dr Bad debts expense 1,787
Cr Allowance for doubtful accounts 1,787
b)
Dr Bad debts expense 4,813
Cr Allowance for doubtful accounts 4,813
Explanation:
Mazie Supply Co. Journal entry
a)
Dr Bad debts expense 1,787
($4813-$2,338+$688)
($4,813-$3,036)
Cr Allowance for doubtful accounts 1,787
b)
Dr Bad debts expense 4,813
(3%×$137,500+$688)
($4125+$688)
Cr Allowance for doubtful accounts 4,813
