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3 years ago

What is the correct answer Even when competitive firms are unable to calculate marginal revenue product directly,

1 answer:

8 0

Answer: The corrects answers are "C) the pressures of competition in the labor market" and A) will push wage rates toward the marginal revenue product of labor.".

Explanation: Because the correct and complete statement would be: Even when competitive companies cannot directly calculate the product of marginal income, the pressures of competition in the labor market will push wage rates towards the product of marginal income from labor.

Making it clear that the strong pressures that are the product of competition in the labor market pushed wage rates towards the product of marginal income.

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Which of the following is a true statement about inventory systems?A)Periodic inventory systems require more detailed inventory

balu736 [363]

Answer:

B)Perpetual inventory systems require more detailed inventory records.

Explanation:

Under the Perpetual inventory system, every time a good is sold the cost of goods sold (COGS) needs to be determined. That is the reason the details are so important.

Many times it varies because different units in inventory were purchased at different prices and times. Inflation might be a factor the prices changes too.

However, in the Periodic inventory system, (COGS) is determined at the end of the accounting period, so the person in charge of keeping the records usually checks the Inventory account at the end of the year to know COGS.

7 0

3 years ago

J. Morgan and M. Halsted are partners who share income and loss in a 3:1 ratio. After several unprofitable periods, the two part

Elina [12.6K]

Answer:

cash 110,000 debit

land 100,000 credit

gain at disposal 10,000 credit

--to reocrd teh sale of land--

accounts payable 80,000 debit

cash 80,000 credit

--to record the payment of liabilities--

gain at disposal 10,000 debit

Morgan 7,500 credit

Halsted 2,500 credit

--to distribute the gain from sale--

Morgan 22,500

Haslted 7,500

Cash 30,000

--to liquidate the partnership--

Explanation:

ratio 3:1 (3+1=4)

Morgan 15000 share of 3/4 = 75%

Halsted 5000 share of 1/4 = 25%

there is gain of 10,000 in the sale distribute as follow

Morgan 10,000 x 75% = 7,500

Halsted 10,000 x 75% = 2,500

Now we close the account against cash

8 0

3 years ago

Protectors' Insurance wants to build strong relationships with its customers and is looking to create a more interactive approac

True [87]

Answer: Internet

Explanation:

Online advertising helps organizations find the right audience as the ones who are really interested in the products that are being sadvertised are targeted.

Internet advertising tools such as, social media, display ad and video ads helps the task of reaching ones target audience easier. This can enhance strong relationships with ones customers create a more interactive approach to advertising.

4 0

3 years ago

Clearly assigned roles and responsibilities are particularly important in family businesses.

coldgirl [10]

Answer:

True

Explanation:

The statement is true, roles and responsibilities are very important in family business. Relatives regularly fill more than one job in the organisation so as to keep it running. Likewise, if the administration covers and family jobs and duties are uncertain to everybody, opposition or even absolute battling is bound to happen in light of the fact that the individuals included know each other well indeed.

8 0

3 years ago

Read 2 more answers

One timing problem with fiscal policy to counter a recession is a "recognition lag" that occurs between the:

Daniel [21]

Answer:

The correct answer is A

Explanation:

Recognition lag is the lag where there is time delay among when an economic shock like a bust or a sudden boom occurs and it is to be recognized by the central bankers, government and economists.

It is the timing problem with the fiscal policy for counter a recession is the recognition lag which occurs among the beginning of the recession and the time which it takes to acknowledge the recession which has started.

6 0

2 years ago