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crimeas [40]
3 years ago
15

Assume that computers are a normal good. how will an increase in buyers' incomes impact the market for computers?

Business
1 answer:
julia-pushkina [17]3 years ago
4 0
To produce more and to commercialize it and to make it better.
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EA13.
navik [9.2K]

Answer:

Journal entries for the  

Completion of Job 113

Debit Finished Good/Inventory Account     $ 5000

Credit WIP JOB 113 Account                         $ 5000

(In words we will debit finished good account by shifting work in process related to the job 113 in it)

Journal entries for the  

Completion and sale of Job 85

Debit Finished Good/Inventory Account     $ 3000

Credit WIP JOB 113 Account                         $ 3000

For sales following two entries will be passed.

Debit Cost of Good Sold Account                    $ 3000

Credit Finished Good/Inventory Account        $ 3000

Debit Cash (or Receivable if credit sale)          $ 4500

Credit Sales Account                                         $ 4500

6 0
3 years ago
How does specialization affect an economy more efficient?
Setler [38]
The more they focus on a task the more efficient they become at this task, which means that less time and less money is involved in producing a good.
8 0
3 years ago
Your group has a presentation to the class in two weeks. moe believes that the presentation should be similar to a presentation
77julia77 [94]
None of those presentation methods solve problems
6 0
3 years ago
Joan grows pumpkins. If Joan plants no seeds on her farm, she gets no harvest. If she plants 1 bag of seeds, she gets 500 pumpki
valkas [14]

Answer: Option (B) is correct.

Explanation:

Correct option: Decreasing marginal product.

Marginal product is the change in the level of output, when there will be an extra input employed in the production of a certain commodity.

So, Marginal Product = \frac{change\ in\ Q}{Change\ in\ I}

Where,

Q = Output

I = Input

Marginal product of 1st bag = 500

Marginal product of 2nd bag =  \frac{800-500}{2-1} = 300

Marginal product of 3rd bag =  \frac{900-800}{3-2} = 100

∴ From the above calculations, we can seen that as we employed one more bag of seeds as a result marginal product goes on diminishing.

Hence, Joan's production function exhibits decreasing marginal product.

3 0
4 years ago
A ________ management system often consists of modules such as budget planning, debt management, travel and expense management,
sergejj [24]

Answer:

Financial

Explanation:

Financial management refers to managing an organization or program's resources to meet it's goals and objectives as quickly as possible by making use of resources to carry out planned activities. A financial management system is the approach employed by an organization to govern its income, expenses and assets with the sole purpose of attaining sustability.

8 0
4 years ago
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