Answer: A nation with a market-based economic system
Explanation:
Market economies are generally considered the best places to do business because the competitive nature as well as minimal Government interference gives companies the opportunity to make profits if they are efficient enough.
A company that lacks basic democratic institutions will be shunned because the Government can impose unilateral decrees that could be harmful to business and people would be unable to go against them. The same goes for a nation where economic activity is regulated by the state.
And a nation where the rule of law does not take precedence over business could lead to unfair competition so the Market based economy is the best to do business in.
I believe the answer is: Statements on Standards for Accounting and Review Services.
Statements on Standards for Accounting and Review Services refers to an authoritative declaration on an unaudited financial statement (usually the financial statement of the company that is not selling its share on the market). This statement is issued by Accounting and Review Services Committee.
Answer:
$1,023
Explanation:
As for the provided information, we have:
Total cost associated with JOB 806 = $682
Is it completed = Yes
Are the product sold = Yes
Now, it is provided that the selling price of products = Cost + 50% of cost
Or simply Cost 150% = Selling Price of goods
Therefore, selling price of this job = $682 150% = $1,023
Answer:
Explanation:
The journal entries are shown below:
1. Cash A/c Dr $13,500
Photography equipment A/c $58,050
To Common stock A/c $71,550
2. Prepaid insurance A/c Dr $3,100
To Cash A/c $3,100
(Being the prepaid insurance is paid for cash)
3. Office supplies A/c Dr $2,565
To Cash A/c $2,565
(Being the office supplies are purchased for cash)
4. Cash A/c Dr $3,600
To Photography fees earned A/c $3,600
(Being cash is received)
5. Utilities A/c Dr $874
To Cash A/c $874
(Being the utilities are paid for cash)
Answer:
D. Any advantage that one firm has will be short-lived.
Explanation:
With the three firms all producing the same product with similar resources in their production and distribution of their products, any advantage that a firm has over the others if any would not last long at all. This is because each firm is using similar technique in the same location. Hence, there's nothing special about one of the firms over the others.