Answer:
The correct answer is (B)
Explanation:
A conflict is a clash of interest. The idea of conflict might be close to home, racial, class, standing, political and universal. Samantha is encountering a conflict of interest where she has to choose whether to watch her son's football match or go to work. Conflicts usually can lead to misunderstandings between two parties and they must be resolved by communication.
Answer:
Closer to the competitive equilibrium, thereby reducing social efficiency.
Explanation:
The market is not failed itself, so there is no need of taxes to clear it but to arrange revenue for government taxes some of the luxurious products the tax shifts supply curve to left and decrease equilibrium quantity which makes the dead weight loss in the market and the quantity get away from the efficient level.
In absence of market failures, when the government taxes market participants, the effect is to move the market :
Answer:
c. Work in Process (Debit) 23,000
Factory Overhead (Credit) 23,000
Explanation:
This would be the journal entry to record the factory overhead applied to production.
Answer:
Explanation:
Income Statement
Calculations:
Service revenue = Service revenue+ Services performed but unrecorded = 7000+700 = 7700
Salaries and wages expense = Salaries and wages expense + Accrued but unpaid salaries and wages = 2200 + 500 = 2700
Supplies expenses = Supplies expenses - supplies that are still on hand = 1400 -350 = 1050
Income statement
Service revenue 7700
Expenses:
Salaries and wages expenses 2700
Supplies expenses 1050
Utilities expense 400
Insurance expense 400
Depreciation expenses 350
Total expenses 4900
Net Income (7700-4900) 2800
This would be known as the recession phase of a business cycle meaning Demand begins to four and there is a steady decline in employment, prices and profits, income and output. there is a noticeable reduction in investments and The banks as well as the people attempt to obtain more liquidity so, credit contracts. Expansion of business pauses making stock markets fall. People begin to lose their jobs when orders are canceled. is increase in unemployment results in a harsh decline in income as well as aggregate demand. On the bright side, a period of recession amounts for only a short time
