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Mazyrski [523]
2 years ago
13

On December 18, Intel receives $260,000 from a customer toward a cash sale of $2.6 million for computer chips to be completed on

January 23. The computer chips had a total production cost of $1.6 million. What journal entries should Intel record on December 18 and January 23? Assume Intel uses the perpetual inventory system.

Business
1 answer:
lord [1]2 years ago
5 0

Answer:

Explanation:

the picture attached gives the full solution to the problem

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select all of the statements that discuss one of the problems with price gouging laws that prevent prices from rising to the new
mote1985 [20]

The problems with price gouging laws that keep prices low are:

  1. Price gouging laws do nothing to address the underlying issues that cause shortages after a disaster. In fact, they often make the problem worse.
  2. When prices rise after a disaster, producers are encouraged to produce more of the good and bring it to the disaster area; price gouging laws short circuit this effect.

Here are the options to this questions:

  1. Price gouging laws reduce shortages after a disaster by keeping prices low.
  2. Price gouging laws do nothing to address the underlying issues that cause shortages after a disaster. In fact, they often make the problem worse.
  3. When prices rise after a disaster, producers are encouraged to produce more of the good and bring it to the disaster area; price gouging laws short circuit this effect.
  4. When prices rise after a disaster, consumers are encouraged to consume less of the good and leave some for others to purchase; price gouging laws short circuit this effect.
  5. Price gouging laws keep prices low after a disaster. This forces producers to produce more of the needed goods
  6. Price gouging laws keep prices low after a disaster. This forces consumers to buy less of the good than they otherwise would

Price gouging is when the price of a good or a service is increased to very high levels when the demand for the product is higher than the supply of the product. Price gouging usually occurs after an event. For example, after a natural disaster.

In order to prevent price gouging, the government can set a price ceiling. A price ceiling is when the maximum price for a good or service is set by the government. When prices are prevented from rising above a particular price, this benefits consumers as they would be able to purchase goods at a cheaper price. But producers would be disadvantaged because their profit margins would fall. This can lead to a shortage problem as demand would exceed supply.

To learn more about price gouging, please check: brainly.com/question/10477659?referrer=searchResults

3 0
3 years ago
Suppose there are 100 workers in the economy in which all workers must choose to work a risky or a safe job. Worker 1's reservat
Amiraneli [1.4K]

Answer:

<em>The solution is explained in the explanation section below</em>

Explanation:

Solution:

(a) <em>In the economy there exist 100 workers. the wage of reservation to take risky job for worker 1 is $1 and $2 for worker -2. only 10 jobs is seen as risky.</em>

<em>The curve of supply is shown as upward which starts from 1, because the price of reservation for the first worker is 1 and 2 is for the second worker and it keeps going on like that.</em>

<em>The demand curve is seen as elastic in a perfect form, due to the fact that there are only 10 risky jobs.</em>

<em>The 10th worker price is $10, because is wage differential is $10</em>

<em>(b) The worker's altitude towards taking risky jobs has changed, because of the advertisement. the wage reservation is -10$ for the first worker and -$9 for the second worker.</em>

<em>Th jobs seen as risky is available are only 10</em>

<em>However, as a result of the campaign advertisement, the curve of supply moves down and the market equilibrium gets is gotten when the wage differential is -$1. most people on the daily basis dislike risk, but the market determines those risky jobs that will pay less than the safe ones. </em>

3 0
3 years ago
What is the name of the food production strategy, which is characterized by "slash and burn, swidden agricultural techniques use
tigry1 [53]
This food production strategy is what is commonly referred to as unsustainable agriculture. The agriculture process removes the delicate balance of flora and fauna in jungle or forested areas and quickly depletes the land of any remaining nutrients and is therefore unsustainable. The lack of concern or care for the natural environment can lead to larger catastrophes like the creation of scorched earth or desert-like environments where plant and animal life cannot return for decades, if ever.
8 0
3 years ago
Suppose that you own a video store that has total costs of $3,600 per month. If you charge $12 for each DVD you sell, how many d
Lapatulllka [165]
300
Divide 3600 by 100= 36
divide 36 by 12= 3
multiply 3 by 100=300
4 0
3 years ago
What has a company accomplished when it creates a financial statement that projects income and expenditures over a specified fut
Fofino [41]

Answer:

Budgets

Explanation:

Budgets are prepared for a future date and it creates a basic estimate and projection of future income and expenditures.

The income statement is prepared which presents the income and expenditure for a period which has lapsed.

Basically for a period that is past now. When future projections are created based on analysis and expectations then it is called budget.

Budgets reflects the expected performance of the company in the near future, based on the estimate about what the company members can perform.

6 0
3 years ago
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