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ziro4ka [17]
3 years ago
9

When a competitive equilibrium is achieved in a market

Business
1 answer:
aev [14]3 years ago
5 0
The answer for this is Letter D. 

<span>An expert in economics says that when the net benefits of all economic businesses are maximized it means the distribution of resources is effective and achieved but there must be one condition to be considered, market’s allocation should be competitive or well functioned.</span>


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Q2. The office manager of ABC company has the authority to the whole financial operations. He authorizes activities, controls th
aivan3 [116]

<em>My </em><em>advice</em><em> to the owners of ABC Company </em>concerning internal controls affecting the office manager would be as follows:

It is time to promote the office manager. His promotion would relieve him of the responsibilities he handles presently. Promoting him would also enable management to segregate his duties.

Secondly, after implementing the promotion and segregation of duties, management should implement a <em>compulsory annual </em><em>leave policy</em>. Having a company-wide leave policy bolsters internal controls by preventing and discovering suspicious fraudulent activities.

Thus, if the owners of ABC Company would buy these <em>pieces of </em><em>advice</em>, they would improve internal controls without offending the hardworking former office manager.

Learn more: brainly.com/question/17056417

7 0
2 years ago
The following account appears in the ledger prior to recognizing the jobs completed in January:
Pie

Answer:

A. Dr Finished Goods $560,240.00

Cr Work In Process $560,240.00

B. $76,760.00

Explanation:

A. Preparation of the journal entry to record the jobs complete

First step is to Calculate the amount of total jobs completed

Job 210 182,500.00

Job 224 232,190.00

Job 216 78,300.00

Job 230 67,250.00

Cost of completed jobs 560,240.00

(182,500.00+232,190.00+78,300.00+67,250.00)

Now let prepare the Journal Entry

Dr Finished Goods $560,240.00

Cr Work In Process $560,240.00

B. Calculation to Determine the cost of the unfinished jobs at January 31.

First step is to calculate the work in process Amount

Balance at January 1 85,800.00

Add Direct Materials 115,000.00

Add Direct Labor 140,000.00

Add Factory Overhead 296,200.00

Balance in work in process 637,000.00

Now let determine the cost of the unfinished jobs at January 31

Balance in work in process 637,000.00

Less: Cost of completed jobs 560,240.00

Cost of unfinished jobs on January 31 76,760.00

Therefore the cost of the unfinished jobs at January 31 will be $76,760.00

3 0
3 years ago
Ruff Wear expects sales of $560, $650, $670, and $610 for the months of May through August, respectively. The firm collects 20 p
Orlov [11]

Answer:

$643

Explanation:

Collection in the month of August is made up of

  • 20 percent of sales for August
  • 70 percent of sales for the month for July
  • 8 percent of sales for the month of June

Considering all the elements stated above,Collection in the month of August

= (20% × 610) + (70% × 670) + (8% × 650)

= 122 + 469 + 52

= $643

6 0
3 years ago
Prompt: Write an e-mail to a government or school official in which you propose an effective solution to a problem in your commu
Irina18 [472]

Answer: how to solve a important problem within your school or govorment,your audience is the school official,  and the problem is to complain about a problem

Explanation:

5 0
3 years ago
Read 2 more answers
Following are two income statements for Alexis Co. for the year ended December 31. The left number column is prepared before adj
julsineya [31]

Answer:

Find in the excel file attached detailed adjusting entries required for all transactions in the question.

Explanation:

Please note  the analysis of each transaction done under the heading "particulars".

Download xlsx
4 0
3 years ago
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