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monitta
3 years ago
6

Why is accounting a service industry?

Business
2 answers:
BabaBlast [244]3 years ago
8 0

Answer:

Because it provides support but no tangible goods. ... Because it provides tangible goods

Explanation:

kupik [55]3 years ago
5 0

ummmmmmmmmmm...........

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Assume the following data concerning a purchase of merchandise by Icon Co. on April 2:
Eduardwww [97]

The purchase amount that Icon Co. would record on April 2 would be: <u>c. $4,000</u>.

<h3>What is the purchase amount to be recorded?</h3>

The purchase amount that should be recorded on the date of purchase is the amount of the transaction.  This does not take into account the return and discount which happened later.

This implies that Icon Co. will reduce the purchase amount on April 4 when half of the goods were returned with a contra entry.  And discount will be based on the balance of $2,000 instead of $4,000.

<h3>Data and Calculations:</h3>

Purchase on April 2 = $4,000

Purchases Return on April 4 = $2,000

Thus, the purchase amount that Icon Co. would record on April 2 would be: <u>c. $4,000</u>.

Learn more about recording credit purchases at brainly.com/question/5651500

6 0
2 years ago
In microeconomics, the term ___________________ is synonymous with decreasing returns of scale.
allsm [11]

<u>In </u><u>microeconomics</u><u>, the term </u><u>monopoly</u><u>  is synonymous with decreasing returns of scale.</u>

When there are economies of scale in production?

As output increases, the long-run average total cost decreases. The total variable cost of creating five units of output is indicated by the Y-interval between the two curves in the diagram.

Is price and marginal cost equal?

  • In economics, the practice of setting a product's price to cover the additional expense of producing an additional unit of output is known as marginal cost pricing.
  • This policy limits the producer's ability to charge for each unit of a product sold to the addition to total cost attributable to materials and direct labor.

Simply put, what is microeconomics?

  • Microeconomics is the study of how people, households, and businesses make decisions and distribute resources.
  • It generally pertains to markets for goods and services and addresses both personal and financial concerns.

Learn more about microeconomics

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4 0
2 years ago
When silo gimp graduated from college with a degree in flower growing.He was voted...
Scilla [17]

Answer:

When silo gimp graduated from college with a degree in flower growing. He was voted AS THE FLORIST OF THE YEAR

Explanation:

Anyone that studies flower growing or horticulture is a florist or could be voted as one which made Silo to win such an award.

8 0
3 years ago
A nation's capital stock was valued at $300 billion at the start of the year and $350 billion at the end. Consumption of private
Alekssandra [29.7K]

Answer:

Gross investment will be equal to $175 billion

Explanation:

We have given nation's capital stock at the start = $200 billion

And capital stock at the end = $350 billion

Consumption of private fixed capital in the year = $25 billion

We have to find the gross investment

Gross investment is equal to

Gross investment =  Capital stock at the end of the year + consumption of private fixed capital - Capital stock at the starting of the year

= $350+$25-$200 = $175

So gross investment will be equal to $175 billion

4 0
3 years ago
Blank are things you can see and touch, they are products that you can purchase to meet needs and wants
mario62 [17]

Answer:

goods (like foods or necessities)

Explanation:

5 0
3 years ago
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