<span>This is most likely an example of a franchise opportunity. It could also be considered to be a hybrid type of franchise where the indepenent dealers have more leeway in how the business looks and how it is run. This would be a win/win for many independent dealers as the would still be making most of the local decisions.</span>
Answer:
A) production is determined by the interaction of supply and demand.
Explanation:
A pure market economy is an economy where production decisions are made by the forces of demand and supply. there is no intervention of the government in production decisions
Characteristics of a pure market economy
- Private ownership of means of production
- freedom of choice. Producers are free to produce what they desire
- competition among producers
- no government intervention.
To Take care of the construction and operation of public buildings
Answer: b. pays cash before the expense has been incurred.checked
d. receives cash before the revenue has been generated
Explanation:
Here is the complete question:
Deferral adjustments are needed when the business:
a. pays cash after the expense has been incurred.unchecked
b. pays cash before the expense has been incurred.checked
c. receives cash after the revenue has been generated.unchecked
d. receives cash before the revenue has been generated.
Adjustments are made during the end of every accounting period in order to report the revenues and the expenses in proper period at which they occur and also in order to report the assets and the liabilities at their appropriate amounts.
Deferral adjustment is when the revenue or the expense has been deferred or postponed and will therefore be reported on the income statement at a later period.
Previously deferred amounts will show on the balance sheet when a company pays cash before having to incur the expense or in a case whereby the company gets and collects cash before earning the revenue.
When revenues are made or when expenses are incurred, the previously deferred amounts will have to be adjusted and then, the amounts will be transferred to income statement through the use of the deferral adjustment.
Answer:
a. 300
d. 200
Explanation:
EOQ = 
2 * 7500 * 30 / 0.5
EOQ = 948 units
When price is $48 per unit
EOQ = 968 units
Total cost = Holding cost + ordering cost + purchase cost
When the order is for 500 price is $48
Total cost = $2,400 + $30 + $24,000 = $26,430
When the order is for 300 price is $50
Total cost = $1,500 + $30 + $15,000 = $16,530
When the order is for 306 price is $50
Total cost = $1,530 + $30 + $15,300 = $16,860
When the order is for 200 price is $50
Total cost = $1,000 + $30 + $10,000 = $11,030
The best two possible order quantities are 200 and 300 which results in minimum total cost.
