Answer:
In economics, there are four different types of externalities: positive consumption and positive production, and negative consumption and negative production externalities. As implied by their names, positive externalities generally have a positive effect, while negative ones have the opposite impact
Answer: Inventory will fluctuate significantly during the year
Explanation:
If a make-to-stock manufacturing firm with highly seasonal demand follows a level production strategy, then the inventory will fluctuate significantly during the year.
When using a level production strategy, it should be noted that there will be an increase in the inventory during when there are low demand while there'll be a reduction in the inventory during the periods of high demand.
Answer:
The Journal entries are as follows:
(i) On March 1,
Cash A/c Dr. $297,500
To common stock (42,500 × $4) $170,000
To paid in capital in excess of par value $127,500
(To record the issuance of common stock)
(ii) On April 1,
Cash A/c Dr. $70,000
To common stock $70,000
(To issue no-par value common stock)
(iii) On April 6,
Inventory A/c Dr. $45,000
Machinery A/c Dr. $145,000
To common stock (2,000 × $25) $50,000
To paid in capital in excess of par value $46,000
To Note payable $94,000
(To record the issuance of common stock)
I think a product and service since it has both im not sure sorry :(
Market economy is the economic system which private businesses can operate freely with minimal state control
