Answer:
$29,000
Explanation:
Pharoah Company Income Statement
Fair value of the securities $621,000
Less fair value of investment in equity $592,000
Unrealized gain $29,000
Therefore Pharaoh report on its 2021 income statement as a result of the increase in fair value of the investments in 2021 will be an unrealized gain of $29,000
When there is no government involvement in answering the three basic economic questions this is Market Economy.
Market
<u>Explanation:</u>
When there is no government interventions in the market system or economy then it is known as Market Economy or Lassez faire.
Here the firms and household determine who sells the goods and who buys it and everything is carried out according to them and there is no government intervention like that of the command economy.
There is a lot of profit for the businessman as the consumers pay as high the price as they want to and no amount is given to the government.
Answer: These can be explained as follows :-
Explanation: Costs which changes with the change in level of output is called variable cost and the cost which remain fixed at every level of output is called fixed cost. Therefore :-
A. Payment of fire insurance is a fixed cost as it will remain same at all levels.
B. Requirement of dough will increase with the increase in sales hence it is a variable cost.
C. Workers wages will remain same even if there is no sale hence it is a fixed cost.
D. She has to make lease payment irrespective of output hence it is a fixed cost.
E. Weekly payment to newspaper is not affected by the level of sales hence it is a fixed cost.
Smart cards are cards specially designed for online shopping
Answer:
What Is Efficiency? Efficiency signifies a peak level of performance that uses the least amount of inputs to achieve the highest amount of output.
