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4 years ago

When competition is present and property rights protected and enforced, market prices will?

1 answer:

5 0

When competition is present and property rights protected and enforced, market prices will encourage self-interested individuals to develop skills that are expected to be valuable in the future. A system of well-defined, secure private property rights promotes economic performance and progress.

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A law firm collected $3,600 for work to be performed in the following month. Which of the following general journal entries will

defon

Answer:

b. Debit Cash, $3,600; credit Unearned Legal Fees Revenue, $3,600

Explanation:

The journal entry to record the given transaction is as follows

Cash Dr $3,600

To Unearned legal fees revenue $3,600

(Being the collection is recorded)

Since the collection is made so we debited the cash account and credited the unearned legal fees revenue so that the correct posting could be made

Hence, the correct option is b.

6 0

3 years ago

Was the industrial "revolution" inevitable, or could americans have maintained a more agricultural economy?

Vladimir [108]

Industrial revolution is inevitable because it is the way to progress. the society today is due to that revolution. The Industrial Revolution is the name given the movement in which machines changed people's way of life as well as their methods of manufacture. About the time of the American Revolution, the people of England began to use machines to make cloth and steam engines to run the machines.

5 0

4 years ago

Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2017 sales forecast is as follows. Quarter HD

Anna11 [10]

Answer:

Q1 Production 5,980 batteries

Q2 Production 7,618 batteries

Q3 Production 9,068 batteries

Q4 Production 8,714 batteries

Total production for the year is 31,380

Explanation:

Turney Company 2017 Quarterly Production Budgets

Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018

Sales 5,200 7,150 8,320 10,190 6,500*

Opening inventory (2,080) (2,860) (3328 ) (4076) (2600)

Closing inventory 2,860 3328 4076 2600 -

Production required 5,980 7,618 9,068 8,714

Sales in Q1 2018=Q1 2017*(1+25%)

Q1 2017 Sales is 5,200

sales in Q1 2018=5,200*(1+25%)

=5,200*(1+0.25)

=5,200*1.25

=$6500*

Sample calculation of closing inventory=40%*next quarter's sales

Q1 2017 closing inventory =7150*40%=2860

Q 2 2017 closing inventory =8320*40%=3328

Q 3 2017 closing inventory =10190*40%=4076

Q 4 2017 closing inventory =6,500*40%=2600

Total production for the year =5980+7618+9068+8714

=31,380

5 0

4 years ago

Here are a number of different ethical issues you could discuss with your employees. What topics would serve as a good basis for

Ludmilka [50]

Answer:

The topics like what is ethics?, emerging of ethical values and why they are important in making a better society than before.

Explanation:

The reason is that not all the employees are well educated and professionals but ethics can be learned easily because it depends upon the judgement and doing good for others and yourself.

So the best thing is that you must start course with the introduction of ethics and then how ethical values emerged in the history and why are important for the society. This let them understand that acting ethical is very important because it provides safety to all of the individuals and creates better environment that we all desire.

3 0

3 years ago

Documents of Trade

I am Lyosha [343]

Answer:

Here's ur answer

Explanation:

letter of enquiry
Quotation
receipt
order
delivery note
credit note

Hope it's helpful.. if so mark me as brainlist n thank me also

4 0

3 years ago