Answer:
The answer is a rightward shift of the supply curve.
Explanation:
an increase in supply will result in a shift of the supply curve to the right
Instead of living in a service economy, we now live in a(n) Mixed economy.
Explanation:
- A mixed economy consist of both private and government /state owned economies which share control of owning, making, selling, and exchanging good in the country.
- U.S. and France are two example of Mixed Economy
Answer:
C) $0
Explanation:
Gail determined that its inventory's worth by using the lower of cost or net realizable value (NRV). All the inventory accounting methods use this valuation method except LIFO or retail.
In this case the NRV of the inventory is the selling price minus selling costs = $215,000 - $10,000 = $205,000, but the inventory's cost is already lower since the average cost is only $200,000. Therefore the inventory's value is reported at its cost, so there is no reason why a write-down should be recognized.
Answer:
B- Encourages innovation because successful innovators are rewarded with economic profits.
Explanation:
The competitive market system is largely encouraging as it keeps firms and companies on their toes, encouraging fresh ideas and work plans, aimed at getting ahead of other competitors in the market.
When these competitive strategies birth successful innovations, economic profits are made by the innovators as there is an<em> increased customer base, increased effectiveness and increased customer satisfaction</em> by meeting needs through fresh ideas. This creates a <em>consequential rice in profits which is the major target of every profit making organization.</em>
Answer:
1) The net income for the period ended December 31, 2018, is 68103.
2)The total liabilities and stockholders equity is 261615.
Explanation:
1) 1920 sales revenue is an unearned revenue since delivery will be made in 2019
Interest payable on note oct 1 :Interest =
[1 Oct - 31 Dec]
Interest receivable on march 1 :Interest= 
[1 Mar -31 -Dec]
Supplies used = 1850 unadjusted -980 ending inventory = 870
Insurance expired for the period =![[6200\times1/2 ] =3100 per year \times 9/12 =2325](https://tex.z-dn.net/?f=%5B6200%5Ctimes1%2F2%20%5D%20%3D3100%20per%20year%20%5Ctimes%209%2F12%20%3D2325)
[1april -31 dec ]
