Answer:
What is the balance of its common stock account at the end of the first year?
$24000
Explanation:
Common stock 20000
Retainend earning 5000
Dividends -1000
Common stock 24000
Revenue 22000
Expenses 17000
Net income 5000
The key to successfully competing is understanding what customers want and then<u> finding the best way</u> satisfy those wants.
<h3>What does it mean by understanding customers?</h3>
The term Customer understandings is known to be a term that connote a person learning all that there is to known about about their customers, such as their needs and others.
Note that it is one that entails also knowing about the jobs they are trying to work on as well as their current experiences so that one can deliver to their expectation.
Therefore, The key to successfully competing is understanding what customers want and then<u> finding the best way</u> satisfy those wants.
Learn more about customers from
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The answer is <span>straw polling – using a sample that does not match the population
Straw polling is the process of searching popular opinion about a certain matter, but being done on unofficial ballot
Even though straw polling is unofficial, the sample that it use always match the population of the official polling.</span>
Economists call GDP that uses constant, unchanging prices as
<u>Real GDP</u>
Explanation:
- Real gross domestic product (real GDP for short) is a macroeconomic measure of the value of economic output adjusted for price changes . This adjustment transforms the money-value measure, nominal GDP, into an index for quantity of total output.
- It is calculated using the prices of a selected base year. To calculate Real GDP, you must determine how much GDP has been changed by inflation since the base year, and divide out the inflation each year.
- Real GDP accounts for the fact that if prices change but output doesn't, nominal GDP would change.
- The real economic growth, or real GDP growth rate, measures economic growth as it relates to the gross domestic product (GDP) from one period to another, adjusted for inflation, and expressed in real terms as opposed to nominal terms
