Solution:
Date General Journal Debit Credit
July 04 Accounts receivable 5,620
Sales 5,620
July 04 Cost of goods sold 3,597
Merchandise inventory 3,597
July 09 Cash 19,200
Factoring fee expense 800
Accounts receivable 20,000
July 17 Cash $3,091
Accounts receivable $3,091
July 27 Cash 10,960
Notes payable 10,960
July 27 No journal entry required
<span>This is a true statement. This allows for a company to show that there are differences in the quality or the efficacy of a line of products. The more expensive the product is, the more likely it is to be seen as of a higher quality or as having better constituent elements.</span>
Answer and Explanation:
A command economy is run by the government meaning that they take all economic decisions.In command economies most o the property is owned by the government and the means of productions is owned by the government as well.
Answer:
1- There was no standardization strategy for hamburgers that would maintain the same quality for all orders.
2- There were not enough employees and properly trained to meet the demand of orders.
3- There was no well-defined business model that could expand to become a franchise.
McDonalds's restaurant revolutionized the business world by adopting the standardization of its snacks, which made the business more structured, in a model that, through innovative sandwich assembly devices, made them more standardized, and accelerated the assembly and waiting time for the order .
The division of the processes of assembling snacks and milkshakes into simple and repetitive tasks led to the creation of a production line for the fast-food restaurant in a totally innovative way, which made it possible to meet demand, more quickly and reduce costs. and waste, which made it possible to sell its business model to other locations and then create a profitable franchise that is a successful model to this day.
Answer:
Select the answer that best describes the strategies in this game.
- Both companies dominant strategy is to add the train.
Does a Nash equilibrium exist in this game?
- A Nash equilibrium exists where both companies add a train. (Since I'm not sure how your matrix is set up I do not know the specific location).
Explanation:
we can prepare a matrix to determine the best strategy:
Swiss Rails
add train do not add train
$1,500 / $2,000 /
add train $4,000 $7,500
EuroRail
do not add train $4,000 / $3,000 /
$2,000 $3,000
Swiss Rails' dominant strategy is to add the train = $1,500 + $4,000 = $5,500. The additional revenue generated by not adding = $5,000.
EuroRail's dominant strategy is to add the train = $4,000 + $7,500 = $11,500. The additional revenue generated by not adding = $5,000.
A Nash equilibrium exists because both companies' dominant strategy is to add a train.