The adjusted trial balance represents the cost of goods sold as well as total sales. Thus, option D is correct.
<h3>What is the cost of goods sold? </h3>
Cost of goods means the direct cost that is included in the making of the goods. The cost of goods is calculated by adding the purchase price of the commodity and deducting the closing inventory.
A report known as an adjusted trial balance lists all the debit and credit firm accounts exactly as they would appear on the accounting records after reconciliations have been made. Therefore, option D is the correct option.
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Anne is conducting market research by doing a competitive analysis.
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Answer:
The price will decrease and the quantity of the product sold will increase.
Explanation:
The price quoted would be lower because the social costs are not part of the cost of the product. This would increase the demand of the product because financially it is more beneficial and the price demand relation says that when the price of the good decreases the demand of the product increases and vice versa. So this means that the company will earn more but the society will have to bear the cost of the negative impacts.
Answer:
<u>Information asymmetry.</u>
Explanation:
Information asymmetry is characterized as a market failure that causes power imbalance. This occurs when some party involved has more information than another party.
This situation is becoming more widespread in microeconomics, as it interferes with the classic concept that the free market must follow the concept of perfect competition.
But information asymmetry is a market failure that directly impacts business relationships, and causes cases of adverse selection and moral hazard.
Ideally, there should be greater transparency in the financial statements that are required to be published so that the risk of information asymmetry between the company and investors is reduced.
John d. Rockefeller stands out among nineteenth-century business leaders because of his innovative organization called vertical integration.
<h3>What is vertical integration?</h3>
Vertical integration is a procedure that entails acquiring corporate operations in order to produce the same thing.
- When a business chooses vertical integration, they typically have control over some phases of product production and delivery.
- Vertical integration can also be defined as the union of businesses engaged in the same line of work but at various stages of production or distribution.
- For instance, because it involves many phases in its business, Amazon might be classified as one of the organizations with vertical integration.
- In addition to acting as a platform for buyers and sellers, Amazon also has its own distribution network and sells some of its own goods and services.
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