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Lorico [155]
3 years ago
10

The Classical Theory is based on the assumption that an economy has ______________ or, if nudged away, quickly returns to that c

ondition.
Business
1 answer:
Neporo4naja [7]3 years ago
5 0

Answer:

c. full employment

Explanation:

The classical theory refers to a theory in which there is an existence of the full employment. The unemployment would be arise by including the legislation of the trade union and the legislation of the minimum wages in the market system i.e. free based.

Therefore according to the given situation, the option c is the correct and the same is to be considered

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On May 1, 2021, Meta Computer, Inc., enters into a contract to sell 4,100 units of Comfort Office Keyboard to one of its clients
Harrizon [31]

Answer:

Journal Entry

Explanation:

1. There are two obligations in this contract

a. keyboard

b. Customer option for future discount

2. Cash Dr,                                                     $69,700

        To Deferred revenue - keyboard                $66,215

        To Deferred revenue - discount coupon    $3,485

(Being cash is recorded)

Working note:-

Keyboards = 4,100 × $19

= $77,900

Option = $41,000 × (0.25 - 0.05) × 0.50

= $4,100

Allocation

For keyboard

= $77,900 ÷ ($77,900 + 4,100)

= 0.95

Deferred revenue Keyboard = $69,700 × 0.95

= $66,215

Option = 4,100 ÷ ($77,900 + 4,100)

= 0.05

Deferred revenue - discount coupon = $69,700 × 0.05

= $3,485

3. Cash Dr,                                                  $69,700

       To Deferred revenue Keyboard               $69,700

(Being cash is recorded)

4 0
3 years ago
Explain whether each of these expenses of a textile mill is a fixed cost or a variable cost, and why. (a) repairs to a leaking r
Gekata [30.6K]

Answer:

Fixed costs are those costs that do not vary with the level of production. While, variable cost are those costs that change with the level of production or per unit consumption.

(a) Repairs to a leaking roof- Fixed cost as it has nothing to do with the level of production.

(b) Cotton- Variable cost as it depends on the number of units produced.

(c) Food for the miller's cafeteria- Variable as it depends on production. The more you produce the more workers you need and thus more is the food requirement.

(d) Night security guard-  Fixed cost as it does not change with the number of units produced by the textile mill.

(e) Electricity- Variable cost as it depends on the units of electricity consumed. The more you produce the more electricity will be consumed.

7 0
3 years ago
Read 2 more answers
job ________ involves division of an organization’s work among its employees and application of motivational theories to jobs to
blondinia [14]
Job design. Hope this helps!!
5 0
3 years ago
Halliford Corporation expects to have earnings this coming year of $3/share. Halliford plans to retain all of its earnings for t
jeka57 [31]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

6 0
3 years ago
Market failure implies that the market mechanism:_________.
MaRussiya [10]

Answer:

Leads the economy to the wrong mix of output

Explanation:

Market failure is the when there is an inefficient distribution of goods and services in the free market.

One of the types of market failure is externality

Externality is when the production or consumption activities of economic agents have effects on people not involved in the economic activity. Externality can either be positive or negative

A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.

A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation  

8 0
3 years ago
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