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Nataliya [291]
3 years ago
14

When a firm decides to use skilled professionals to produce its​ output, what question is the firm​ answering? When a firm decid

es to produce organic fruit rather than non dash organic fruit ​, what question is the firm​ answering? When we find out who gets the goods and services that are​ produced, what question is being​ answered?
Business
1 answer:
Stella [2.4K]3 years ago
7 0

Answer:

The correct answers are "How?"; "What?"; and "Who?" respectively.

Explanation:

To begin with, in the economics science there is a big importance that the professionals of the area give to answering the questions mentioned before. Those questions are: "What to produce?"; "How to produce it?" and "To who we produce it to?". And the importance in that resides in the fact that the economy itself as a whole and therefore the companies and small producers among them need to understand what are they going to produce for the economy, to who they will sell it to and how will the produce it.

In conclusion, when the firm decides to use skilled professionals to produce its output they are answering the question of "How?". When the firm decides to produce organic fruit rather than non dash organic fruit, then they are answering the question of "What?". And the when the firm finds out who gets the goods and services that are produced, they are answering the question of "Who?".  

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At the end of this section, the author provides links to self-assessments to help determine if an individual has what it takes t
LUCKY_DIMON [66]

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The correct answer is entrepreneurs are born, not made.

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The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. The compan
Paul [167]

Answer:

1. Mar.31

Dr Investment in Distribution Transformers bonds $510,000

Cr Cash $510,000

2. September 01,

Dr Investment in American Instruments bonds

$1,230,000

Cr Cash $1,230,000

3 September 30

Dr Cash $20,400

Cr Interest revenue $20,400

4 October 02

Dr Fair value adjustment $80,000

Cr Unrealized holding gain—NI $80,000

5.October 02

Dr Cash $590,000

Cr Investment in Distribution Transformers bonds $510,000

Cr Fair value adjustment $8,000

6. November 01

Dr Investment in M&D Corporation bonds $1,950,000

Cr Cash $1,950,000

7 December 31

Dr Interest receivable $41,000

Cr Interest revenue $41,000

8 December 31

Dr Interest receivable $19,500

Cr Interest revenue $19,500

9. December 31

Dr Fair value adjustment $22,000

Cr Unrealized holding gain—NI $22,000

Explanation:

Preparation of the appropriate journal entry for each transaction or event during 2018, as well as any adjusting entries necessary at year end

1. Mar.31

Dr Investment in Distribution Transformers bonds $510,000

Cr Cash $510,000

2. September 01,

Dr Investment in American Instruments bonds

$1,230,000

Cr Cash $1,230,000

3 September 30

Dr Cash $20,400

Cr Interest revenue $20,400

(8%/2*$510,000)

4 October 02

Dr Fair value adjustment $80,000

Cr Unrealized holding gain—NI $80,000

($590,000-$510,000)

5.October 02

Dr Cash $590,000

Cr Investment in Distribution Transformers bonds $510,000

Cr Fair value adjustment $8,000

6. November 01

Dr Investment in M&D Corporation bonds $1,950,000

Cr Cash $1,950,000

7 December 31

Dr Interest receivable $41,000

Cr Interest revenue $41,000

($1,230,000 x 10% x 4/12)

8 December 31

Dr Interest receivable $19,500

Cr Interest revenue $19,500

($1,950,000* 6% x 2/12)

9. December 31

Dr Fair value adjustment $22,000

Cr Unrealized holding gain—NI $22,000

Available for sale securities Cost Fair market Value Profit/Loss

M & D Corporation shares

$1,950,000 $2,021,000 $ -71,000

American Instruments bonds $1,230,000 $1,181,000 $49,000

Totals $3,180,000 $3,202,000 $22,000

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