Answer:
b.net loss
Explanation:
A debit entry in the retained entry account may have two reasons dividend declaration entry and net loss adjustment entry. Form the dividend account we see there is no dividend entry of $18,000. So the only option is the net loss adjustment entry of $18,000.
Journal Entry for the adjustment is as follow
Dr. Retained Earning $18,000
Cr. Income Summary $18,000
Answer:
The correct answer is b. production and distribution processes becoming obsolete.
Explanation:
Cost leadership is where the company intends to be the lowest cost producer in its industrial sector. The company has a broad picture and serves many segments of the industrial sector, and can still operate in related industrial sectors. The breadth of the company is often important for its cost advantage. The sources of cost advantages are varied and depend on the structure of the industrial sector. They can include the persecution of economies of scale of own technology, preferential access to raw materials.
A successful cost leadership strategy is disseminated throughout the company, as evidenced by high efficiency, low overhead, limited benefits, waste intolerance, thorough review of budget requests, extensive control elements, the rewards linked to the concentration of costs and the extensive participation of the employees in the attempts to control the costs.
Some risks of following cost leadership is that competitors could mimic the strategy, decreasing the profits of the industry in general; that technological advances in the industry could make the strategy ineffective or that the interest of the buyers could be diverted towards other characteristics of differentiation besides the price.
Given a positive externality, the marginal social benefits curve lies to the right of the demand curve, with the market output below the socially optimal output
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Explanation:</u></h3>
The marginal benefits can be represented by the demand curve. Assume a condition where the consumers are the only persons who gets benefits from the commodity. In this scenario, the demand curve will be the marginal benefit curve. When the society gets benefits by consuming an additional unit of a commodity production, then it is the marginal society benefits.
The marginal benefit curve and the demand curve will be same as long as you are willing to pay a next unit of a good. When you are willing to pay for an additional unit of good, it give rise to the marginal benefit curve. In the positive externality, the marginal benefits curve will be lying to the right of the demand curve, having the market output below the socially optimal output.