Answer:
The answer is: There was no consumer surplus in this situation.
Explanation:
consumer surplus refers to the difference between the maximum amount a consumer is willing to pay for a good or service and the actual price of the good or service.
In this case there was no consumer surplus, since Stacey was willing to pay only $2 for a bottle of mineral water and its price was $2.25, so she didn't buy it.
Answer:
task interdependence is the correct answer.
Explanation:
The degree to which team members interact with and rely on other team members for the information, materials, and resources needed to accomplish work for the team is known as task interdependence.
The goal of task interdependence is to alleviate the problems that arise when various assignments overlap and become the potential for disagreement.
Task interdependence within the team is an extent where the team members should communicate with each other to achieve their responsibilities and tasks.
Knowledge of task interdependence benefits company owners grasps how various branches and team members depend on the performance of each other.
Answer:
Woods Company
Accounts Requiring Adjustment, Type of Adjusting Entry, and the Related Account:
Account Type of Adjustment Related Account
a) Account receivable Accrued revenue Service revenue
b) Prepaid insurance Prepaid expense Insurance expense
c) Equipment Not required Not required
d) Accumulated depreciation Accrued expense Depreciation expense
e) Notes Payable Not required Not required
f) Interest Payable Accrued expense Interest expense
g) Unearned service revenue Unearned revenue Service revenue
Explanation:
End of period adjustments are made to accounts in order to bring them in line with the accrual concept and matching principle of accounting. These principles require that expenses and revenues for the period are matched in order to determine the appropriate profit generated for the period. The implication is that transactions are recorded when they are incurred and not when cash is exchanged. For example, if rent expense is incurred for the year and payment is made in the following year, the expense must be recognized in the current year. The same applies to revenue.
Answer:
the primary objective, or purpose of a for-profit business is to maximize profits for the owners while maintaining corporate social responsibility.
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The answer you are looking for is
Global economy
