Taylor should accept the feedback and use it constructively to improve her writing assignments in the future. I hope this helps.
Answer:
a) The balance of cash is decrease by $900 as all amount paid to the worker
b) Cash basis net income decrease by $900
c) Accrual basis net income decrease by $300
Explanation:
Given data:
Total amount paid to worker $900
Total amount paid to worker in month of APRIL =$600
Total amount paid to worker in month of may is $300
from above data we can calculated following
a) The balance of cash is decrease by $900 as all amount paid to the worker
b) Cash basis net income = Net income decrease by $900
c) Accrual basis net income = Net income decrease by $300
How about you try the word "routine"
A situation known as a "market failure" occurs when the market itself is unable to efficiently distribute resources in a way that balances social costs and benefits.
Market failure refers to a situation where there is an inefficient allocation of products and services on the open market. The individual incentives for rational behavior do not result in rational outcomes for the collective in a market failure.
In other words, each person chooses what is best for themselves, but those choices end up being bad for the collective. This can occasionally be demonstrated in conventional microeconomics as a steady-state disequilibrium condition.
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From previous lessons, we have learned that factors of production are land, labour, capital and entrepreneur. ... The demand for a factor of production is a derived demand, meaning that a firm's demand for a factor of production is derived from its decision to supply a good in another market.