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nalin [4]
3 years ago
13

If the owner of a jewelry store who normally purchased diamonds from a diamond brokerage firm were to open his own diamond broke

rage firm, this would be an example of forward vertical integration. T/F
Business
1 answer:
Rainbow [258]3 years ago
3 0

Answer:

False

Explanation:

Forward Vertical Integration occurs when a company acquires one of its suppliers.

In this case, we do not have an example of forward vertical integration because the owner of the jewerly store did not purchase the supplier: the diamond brokerage firm. He instead opted to start his own brokerage firm.

The case in the question is an example of forward vertical integration, that occurs when a company moves along the supply chain by starting its own subsidiares instead of buying existing ones.

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Economics!!
mina [271]

It's  D. U.S. factories begin to

produce far fewer goods.

7 0
3 years ago
Castle Company provides estimates for its uncollectible accounts. The allowance for uncollectible accounts had a credit balance
Leni [432]

Answer:

Dr Bad debt expense 20,030

     Cr Allowance for doubtful accounts 20,030

Explanation:

first we must determine the net amount of bad debt under direct write off = $17,100 - $2,200 = $14,900

now the increase in the allowance account during 2021 = $22,410 - $17,280 = $5,130

The journal entries following allowance method:

bad debts written off:

Dr Allowance for doubtful accounts 17,100

     Cr Accounts receivable 17,100

bad debts recovered:

Dr Accounts receivable 2,200

     Cr Allowance for doubtful accounts 2,200

Dr Cash 2,200

     Cr Accounts receivable 2,200

Adjustments following allowance method:

recording bad debt expenses (net amount of bad debt + increase in allowance for bad debt account = $14,900 + $5,130)

Dr Bad debt expense 20,030

     Cr Allowance for doubtful accounts 20,030

Now we can check:

$17,280 (beginning balance) - $17,100 write offs + $2,200 recoveries + $20,030 bad debt expense = $22,410 which is the ending balance of allowance for doubtful accounts

5 0
3 years ago
The prevailing budget philosophy prior to Keynes called for a balanced budget. Keynes argued that the government should not bala
shepuryov [24]

The period which <em>Keynes argued</em> that the government should not balance its budget but instead have budget DEFICITS was during:

  • <u>D. Economic recessions.</u>

According to the given question, we are asked to show the period which <em>Keynes argued</em> that the government should not balance its budget but instead have budget DEFICITS.

As a result, we can see that Keynes, one of the fathers of economics stated that it was <em>important</em> for the government to have budget deficits so that they could adequately navigate through the economic recessions at that periiod.

Therefore, the correct answer is option D

Read more about Keynesian Economics here:

brainly.com/question/14223529

4 0
2 years ago
Societies choose what share of their resources to devote to consumption and what share to devote to investment. Some of these de
Mashutka [201]

Explanation:

Note, for private spending, <em>consumption</em> refers to purchases usually made for present needs, while <em>investment</em> refers to purchases that may provide. For government spending, <em>consumption </em>refers to purchase made to care for the immediate welfare or needs of those governed without any monetary benefits, while <em>investment </em>purchases are done with the perceived future benefits in mind.

<u>Private Spending</u>

  • Laundromats buying washing machines =  Investment
  • People buying houses  = Investment
  • People buying newspapers  = Consumption
  • People buying food = Consumption

<u>Government Spending</u>

  • Payment for public safety employees = Investment
  • Building hospitals = Investment
  • Building roads = Investments
  • Buying military equipment = Investment
4 0
3 years ago
If the price elasticity of demand for Mountain Dew is 4.4 then
taurus [48]

If the price elasticity of demand for Mountain Dew is 4.4 then "mountain dew has a high price elasticity of demand".

<u>Answer:</u> Option D

<u>Explanation:</u>

In economics "Price elasticity of demand" (PED) is a metric required to illustrate the flexibility or elasticity of a product or service's required quantity to increase its value when nothing but the value of product vary. When mountain dew have price elasticity of demand is 4.4 this follows that a price increase of 10 percent would result in the quantity needed decline by 44% as illustrated below:

4.4 = (% quantity change) / (% price change)

4.4 = x / 10

x = -4.4 (10) = -44%  here negative sign shows decline in quantity required.

3 0
3 years ago
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