Answer:
Rent Expense (Dr.) $5,000
Cash (Cr.) $5,000
Inventory (Dr.) $35,380
Accounts Payable Martin Co. (Cr.) $35,380
Accounts Receivable Korman Co. (Dr.) $62,000
Sales (Cr.) $62,000
Cost of Goods Sold (Dr.) $48,500
Inventory (Cr.) $48,500
Explanation:
Advertising Expense (Dr.) $21,800
Cash (Cr.) $ 21,800
Cash (Dr.) $62,000
Accounts Receivable Korman Co. (Cr.) $62,000
Customer Refund Payable (Dr.) $31,500
Cash (Cr.) $31,500
Sales Salaries Expense (Dr.) $12,000
Office Salaries Expense (Dr.) $ 38,000
Cash (Cr.) $50,000
Store Supplies Expense (Dr.) $2,200
Cash (Cr.) $2,200
Employee A:
40 X 9.5 = $380
Employee B:
38 X 8.25 = $313.50
Employee C:
39 X 7.75 = $302.25
Total:
380 + 313.5 + 302.25 =$995.75
The appropriate response is diseconomies of scale. Diseconomies of scale is a monetary idea alluding to a circumstance in which economies of scale never again works for a firm. With this guideline, as opposed to encountering kept diminishing expenses and expanding yield, a firm observes an expansion in minor costs when yield is expanded.
<span>The correct answer here is that the economy in which Mark, Jack and Nick are operating is a market economy. A market economy is an economy that encourages buyers and sellers to act competitively so that the best deal can be achieved for all.</span>