payable = money owed by a company to its creditors
receivable = money owed to a company by its debtors.
Answer:
c. Economists devise theories, collect data, and analyze the data to test the theories
Explanation:
Economists use past data to predict the future.
They make use of sound economic theory instead of rule of thumb to predict the future.
I hope my answer helps you
Answer:
C:Oligopolies involve more than one company while monopolies involve only one.
Explanation:
A monopoly is a market structure with one supplier serving a very large market. In a monopoly, a single firm sells to many buyers. The product or service offered by a monopoly has no close substitutes. Customers have no choice but to buy from the only firm providing the product or service. Monopolies may result from government policy or very restrictive barriers of entry.
An oligopoly is a market structure where very few firms dominated the market . It when four or five firms control the majority market share of a very large market. There could be other firms with very little market share. Firms in an oligopoly market may sell homogeneous or differentiated products. The few firms dominating the industry collaborate to profit from the market.
Answer:
6.56%
Explanation:
Given:
The amount paid to the bank = $2,000
Let the interest rate paid be 'r'
By compound interest ,
After 1 year the paid amount will be $2000 × ( 1 + r )
Now,
the bank is paying $140 every year
thus,
2000 × ( 1 + r ) = 
or
2000r + 2000r² = 140
on solving the above quadratic equation, we get
r = 0.0656
or
r = 6.56%
Hence,
interest rate the bank advertising = 6.56%
Answer:
Given that,
Jobs still in process = $20,000
Jobs completed but not sold = $60,000
Jobs finished and sold = $120,000
Marshall Enterprise's Factory Overhead account has a credit balance of $5,000
Therefore, the journal entry is as follows:
Factory overhead A/c Dr. $5,000
To Cost of goods sold A/c $5,000
(To record the cost of goods sold)
