Answer:
The correct answer is A)
Explanation:
When products and or services are manufactured at a level that maximizes social welfare, allocative efficiency is said to have occurred.
A market system characterized as monopolistic competition may <u><em>never </em></u>achieve productive efficiency because firms often fix prices at a point higher than their marginal costs.
Marginal cost refers to the added cost incurred by producing or manufacturing one additional unit of a product.
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Answer:
$1,840,000
Explanation:
The computation of the cash collected from customers is shown below:
Cash collected from customers = Cash sales + credit sales - increase in account receivable
= $500,000 + $1,400,000 - $60,000
= $1,900,000 - $60,000
= $1,840,000
By adding the cash sales, credit sales and deduct the increase in account receivable we can get the cash collected from customers and the same is shown above
Answer: Increased payables and decreased bank loans
Explanation:
It should be noted that 3/10, net 30 simply means when customer pays in 10 days, such person will get a 3% discount, if not the person will have to pay in full within the 30 days.
On the other hand, 2/20, net 90 means that when customer pays in 20 days, such person will get a 2% discount, if not the person will have to pay in full within the 90 days.
Therefore, the change that this will lead to on the balance sheets of its customers will be an increased payables as there'll be more time to make payment for the goods and decreased bank loans.
It can be very effective because it involved <span>interpersonal interactions.
</span><span>interpersonal interactions on business context refers to a communication between employees and customers that revolved around understanding customer's situation/point of view. Buy understanding this, the sales person could formulate a right move/strategy to match the customers with the most suitable company's product</span>
