The above example of buying cheese and bread best illustrates money's function as:
D. Medium of Exchange
By exchanging currency, you were able to buy food products from the deli. This is one of the most powerful functions of money.
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Answer:
Dr Retained earnings $14,000
Cr Inventory $14,000
Explanation:
There is a need to make adjustment to the inventory . Therefore,
Adjusted inventory
= New method of $171,000 - Old method of $185,000
= $14,000 decrease
It is to be noted that a lower inventory will have high costs associated with goods sold hence reduces profit/net income for the previous year by $14,000.
Also, the net income reports to retained earnings account hence decreases retained earnings.
Having made the above adjustment, we can assume that the average cost method was used for 2020 books.
Answer:
The correct answer is C. moms with school-age children who pack a simple, healthy lunch for them.
Explanation:
Healthy eating consists of eating a variety of foods that provide you with the nutrients you need to stay healthy, feel good and have energy. These nutrients include proteins, carbohydrates, fats, water, vitamins and minerals.
Nutrition is important for everyone. Combined with physical activity and a healthy weight, good nutrition is an excellent way to help your body stay strong and healthy. If you have a history of breast cancer or are being treated, good nutrition is especially important for you. What you eat can influence your immune system, your mood and your energy level.
No food or diet can prevent the onset of breast cancer. While researchers are still studying the effects of eating unhealthy foods on the risk of breast cancer and its recurrence, what we do know is that being overweight (in English) is a risk factor, both from the first occurrence of breast cancer as of its recurrence. In this section you can learn to eat in a way that keeps your body as healthy as possible.
Lower- level managers are empowered to make decisions in a decentralized organization, which can increase motivation and job satisfaction.
What is decentralized organisation ?
A company with a decentralized organizational structure is one where mid- and lower-level managers make most of the decisions, rather than the senior management team. Sometimes the employees themselves are even involved in the decision-making process. The opposite of a decentralized organization is a centralized one, where the highest-ranking leaders within the company make all major decisions, and there is a strict decision-making hierarchy. Most companies are not fully decentralized or centralized, having various degrees of both instead.
Some of the main situations where decentralized organization works well include:
- When a company has different points of contact with its customers and each requires highly individualized customer service.
- When an organization has a large number of different store locations and its upper management cannot monitor all of them and make important decisions for them.
- When the market for a specific product is fast-paced and there is intense competition, so all decisions need to be made as quickly as possible.
- Where new developments constantly alter the business model, making centralized control less effective.
Centralized organization :
A centralized organization is an organization that has a consolidated management system with decisions made by the top management then trickling down the chain of command to reach the organization's employees. Centralized organizations are distinguished by specific characteristics, which include;
- The management has a top-down approach where the subordinates follow orders without question.
- The organization has a well-established bureaucracy with a distinct chain of command.
- All the decisions are centrally made, and the opinions of subordinates are hardly considered.
Learn more about decentralized organisation :
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Answer:
Q is 98
Explanation:
Marginal (average) cost (including opportunity cost) = $8 + $2 = $10
Profit is maximized when MR = MC = 10.
P = 402 - 2Q
Total revenue (TR) = P x Q = 402Q - 2Q^2
MR = dTR/dQ = 402 - 4Q
Equating with MC,
402 - 4Q = 10
4Q = 392
Q = 98