Answer:
$5,000 ; $2,550
Explanation:
The computation is shown below:
For net income in year 1
= Reported net income + overstated inventory amount
= $3,000 + $2,000
= $5,000
For net income in year 2
= Reported net income - understated inventory amount
= $3,000 - $450
= $2,550
Therefore, the net income in Year 1 and in Year 2 is $5,000 and $2,550 respectively.
The largest area of job growth in the United States has been in the service sector.
<h3>What are the service sectors?</h3>
The service sector is commonly known as the tertiary sector. It is also known to be the third tier in the three-sector economy.
An Examples of service sector jobs are housekeeping, nursing, etc. The Service industries is made up of:
- Banking
- Communications
- Wholesale and retail trade, etc.
Conclusively, The largest area of job growth in the United States as at 1970s has been in the service sector.
Learn more about service sector from
brainly.com/question/26521390
Answer:
works because prices serve as a means of communication between consumers and producers.
Explanation:
Market mechanism is the money is used as a medium of exchange between buyers and sellers in a open system of value (market).
In the market mechanism consumers are interested in maximising utility, while sellers want to maximise profit.
Demand and supply mechanics works to properly allocate resources according to fluctuations in price.
So market mechanism is successful because price has become a means of communication between buyers and sellers in their mission to maximise utility and profit.
After a masters degree an individual can earn a doctorates degree
The answer is B if that is the correct one