Manufacturers are the companies/persons who make goods with the presence of undergoing a process that uses raw materials and ingredients. They are responsible of fabricating and producing goods. Retailers on the other hand transact with the manufacturers to buy goods on a lower price and sell them directly to the consumers with a differentiated price.
Answer:
The correct answer is option c.
Explanation:
Adam Smith and other economists advocated that in a competitive industry, the total cost is minimized through the actions of the individuals who are pursuing their self-interest. It is not intended or pre-planned.
Adam Smith believed that individuals are led by an invisible hand or market forces to maximize their own profits and lead to the overall welfare of society.
If consumers and producers are allowed to make their decisions freely, it would lead to production and price determination such that all members of the society are benefited.
Answer:You have an assignment to interview currently employed social workers. Through that interview, you hear a theme. You hear that the individual's love their jobs and feel satisfaction in making a difference. However, you also hear that they wish they could help more people. Discuss at least two reasons they cannot help more people.
Explanation:
The Plain Meaning Rule.
The plain meaning rule states that when the language is unambiguous and clear, you must use the actual language of the contract and not any outside evidence when determining how the dispute is resolved.
Answer:
B. $6,000
Explanation:
The computation of the annual depreciation expense under the straight-line method is shown below:
= (Original cost - residual value) ÷ (useful life)
= ($41,000 - $5,000) ÷ (6 years)
= ($36,000) ÷ (6 years)
= $6,000
The original cost is computed below:
= Purchase value + transportation and installation cost
= $40,000 + $1,000
= $41,000