Th illumination stage is the stage at which the ideas from creative thinking began to flow.
<h3>What is a
creative thinking?</h3>
This refers to a thinking process that is intented to gain a new insights and different ideas through existing information
The stages of the creative thinking includes:
- Preparation
- Incubation
- Illumination
- Evaluation
- Verification
In conclusion, the illumination stage is the stage at which the ideas from creative thinking began to flow because the ideas are been illuminated from the mind.
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Answer:
- Under Single Price Monopoly, absolute surplus is not maximized.
- The profit-maximizing efficiency in Perfect Price Discrimination is correlated with no extra weight loss
- Barefeet generates quantity less than the productive quantity of boots in single-price Monopoly.
Explanation:
A single-price monopoly is a corporation, who must sell every unit of its production to all its consumers for the same rate. so there is no way to maximize surplus.
A price-discriminating monopoly is a corporation able to sell various units of a product or service at various price points. Therefore, by adjusting their prices they have opportunities to increase their income.
1. (D) Statutory law
- Statutory laws are written laws that have been approved by a legislature (either a state or federal legislature).
- Statutes may require specific action, prohibit them act as declarations of intention or lay out the ways in which government will act in certain circumstances
So, this proves that if any dispute related to copyright be addressed in Statutory law with all rules and regulations.
2. (A) Capacity
- Valid contract is a written or expressed agreement between two parties to provide a product or service.
- An age of a person is defined i.e. 18 years to come in valid contract but if a contract made with a minor is considered as a void contract.
3. (A) Statutory law
- Statutory laws are written laws that have been approved by a legislature (either a state or federal legislature).
- Statutes may require specific action, prohibit them act as declarations of intention or lay out the ways in which government will act in certain circumstances.
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Answer and Explanation:
The computation is shown below
1. The adjusted balance in the retained earning is shown below:
= beginning balance of retained earning + adjusted net income
where,
beginning balance of retained earning is $860,000
And, the adjusted net income is
= $68,000 × (1 - 0.35)
= $44,200
So, the adjusted balance in the retained earning is
= $860,000 + $44,200
= $904,200
2. Now the journal entry is
Inventory $68,000
To Retained earning $44,200
To Tax payable $23,800 ($68,000 × 35%)
(Being the adjustment of ending inventory is recorded)
It increased the inventory and along with it it also increased the equity and liabilities so the respective account is debited and credited
