<span>Jayson should :
(1) Reduce the balance in its Inventory controlling account and inventory subsidiary ledger by $7,000.
(2) Record a $7000 current liability.
(3) Reduce the balance in its inventory controlling account and inventory subsidiary ledger by $7000
(4) Reduce the balance in the inventory controlling account and record a current liability both in the amount of $7000.</span>
Answer:
a. $39,000
b. $85,000
Explanation:
The computations are shown below:
a. Tax on real property would be
= Valued of real property × tax rate
= $1,300,000 × 3%
= $39,000
b. Tax on real property would be
= Property's assessed value up × tax rate + difference of property value × increased tax rate
= $2,000,000 × 3% + $2,500,000 × 1%
= $60,000 + $25,000
= $85,000
Answer:
(D) private goods.
Explanation:
Goods is a material that, in economic theory, satisfies people's wishes and provides usefulness. Goods and services are different. In economic theory all goods are considered material, but in reality such goods as information (or information) are non-material goods. For example, although Apple is a tangible asset among other commodities, news is related to non-material class goods and can only be perceived through tools such as Computer and Printing. Material goods such as apples differ from non-material goods as information in terms of the impossibility of a person to keep the other physically, while the former occupies a certain physical area. Intangible goods differ from services in the sense that they are transferable or sold. Price elasticity also differentiates the types of goods. Elastic goods are commodities where there are major changes in quantities due to small changes in the price and, therefore, relate to the family of substitute goods; For example, consumers will prefer to buy pencils, such as pencil shields. Intangible goods are few and no substitutes, such as racing tickets, artist's original work, and medical supplies such as insulin. Complementary goods are more elastic than substitutes. It depends on which commodity is substituting or complementary to other goods.
Private goods are both excludable and rival in consumption. Most goods in the economy are private goods. A private commodity or goods is a product to be purchased for consumption and prevents the consumption of another by one person. In other words, when there is competition between people for the sake of good, good is something special or private, and consuming good prevents one from consuming it.
Answer:
b. market power.
Explanation:
A firm has market power when it is able to charge prices for its goods and services far above its marginal cost of production and higher than the average price charged in the market for similar goods and services.
Apple is able to charge higher price when compared with Microsoft.
Corporate level core competitencies is when a firm has unique abilities that gives it an edge over other competitors and enhances the long term success of the firm.
Multipoint competition is when a firm is competiting at the same time across many industries with the same competitors.
Brand awareness is how well a product is familiar to consumers .
Answer:
There was a tremendous drought in California, where the majority of lettuce is grown for the United States. Lettuce is vitally needed to make delicious tacos for Taco Tuesday. As a result of the drought, the price of lettuce used to produce tacos doubles.People get tired of eating tacos on Tuesday and switch to eating lasagna. What happens to lettuce in the short term? reduction in demand and supply which affects the price, such inflation of price would reduce the demand
Explanation:
