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3 years ago

What are consumer goods

1 answer:

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Goods bought and used by consumers (other wise known as customers) rather than by manufacturers for producing other goods

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Christopher finishes culinary school and decides to become a private caterer. He finds his own customers, goes to their homes fo

FromTheMoon [43]

Answer:

C.) He is an entrepreneur

Explanation:

B and D can be eliminated, and between A and C, I think C makes the most sense

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3 years ago

ABC firm purchased 100 food processors in 2019. By the end of 2019, there are 50 of them not sold yet. The purchased price of th

Mazyrski [523]

Answer:

Debit 1,000 cost of goods sold.

Explanation:

Based on the information given what should the accounts do with the price change will be to DEBIT 1,000 COST OF GOODS SOLD.

Dr Costs of goods sold $1,000

Cr Inventory $1,000

[($50*$120)-($50*$100)]

(To record adjusting entry to reduce Inventory value under lower of cost or market value rule)

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3 years ago

Artificial intelligence (A.I.) is a powerful tool for aiding human decision making. This activity is important because managers

almond37 [142]

Answer:

a. APPLICATION

If the risk of death can be predicted ahead of time, actions can be taken to mitigate that risk.

b. APPLICATION

If A.I. sensors can alert drivers to potential accidents, the drivers can take action to avoid said accidents which means that A.I can reduce the number of accidents occurring.

c. DOWNSIDE

The difficulty in getting A.I. to act in a certain way is a downside because the A.I. can give undesirable and irrelevant responses.

d. APPLICATION

If A.I. can aid humans in decision making so that decisions are better then this is an application.

e. DOWNSIDE

Common sense is very important in certain scenarios and is A.I. is devoid of this then it will take longer to perform in scenarios where common sense was needed.

f. DOWNSIDE

A potential for A.I. to be used in nefarious and malicious ways is most definitely a downside.

g. APPLICATION.

If A.I. can make better and more effective simulations than humans, this is an application that will save costs in a lot of industries.

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3 years ago

Archer Corp has the following account balances listed in alphabetical order: Accumulated Depreciation, $18,000; Accounts Paya

Setler [38]

Answer:

Equipment, $46,000, and Land, $21,000 including Accumulated Depreciation, $18,000.

This amounts to $49,000.

Explanation:

The long term asset are also known as the non current assets.

These are assets that will not be used up in a year. It means that the benefits that will accrue to the entity as a result of ownership and control of these assets will be for more than a year. Examples are fixed asset, intangible assets etc

Archer's long term assets are Equipment, $46,000, and Land, $21,000 including Accumulated Depreciation, $18,000.

This amounts to

= $46,000 + $21,000 - $18,000

= $49,000

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3 years ago

According to F.A. Hayek, what is the fundamental economic problem facing society?

jenyasd209 [6]

Answer:

According to F.A. Hayek, the fundamental problem facing every society is how to use limited resources in the most optimal way possible.

Explanation:

To Hayek, this problem could not be fully solved by any society, but the best a society could do is to rely on the price system, only possible under a free market, to signal which uses were more optimal than others.

This is also the reason why F.A. Hayek, along with fellow Austrian economists Ludwing Von Mises, believe that socialism could not work: socialism, according to Hayek and Mises, destroyes the price system, and without it, society has no rational way to allocate resources in an optimal way.

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3 years ago