Answer:
communist
Explanation:
Under the communist system of the market, the factors of production are owned solely by a group. Group usually is the representation of the form of the government. The means of production which are the labor, capital, natural resources, and the entrepreneurship are all controlled and owned by the government. The government has total control over the market.
When outflow exceeds income.
Answer:
<em>Segmentation</em>
Explanation:
Market segmentation <em>is the method of separating into factions or parts a market of potential customers based on the various features.</em>
The divisions produced are made up of customers who react to marketing campaigns in a similar manner and share characteristics such as similar tastes, preferences, or locations.
The journal entry to record the expected sales return and cost of goods sold includes a_____________
a.credit to Refund Liability for $200.
Explanation:
- Ivanhoe Choice sells natural supplements to customers with an unconditional sales return if they are not satisfied. The sales returns extends 60 days. On February 10, 2021, a customer purchases $3000 of products (cost $1500). Assuming that based on prior experience, estimated returns are 10%. The journal entry to record the expected sales return and cost of goods sold includes a_____________
- a.credit to Refund Liability for $200.
- The refund liability shows the amount of consideration that means the company does not expect to be entitled because it will be refunded to customers.
- The liability should be represented for the amount of revenue expected to be refunded.
- Also the returns and refunds are disadvantageous for business for a product.
<span>Government Revenue: the Sources. The governments in the US collect about $4.2 trillion
in a year income and payroll taxes. Income tax is where governments
collect the most tax: in federal, state, and local income tax they will
collect about $2.6 trillion in 2018.</span>