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2 years ago

Management expert peter drucker said the most important factor of production in our economy is, and always will be,.

Business

1 answer:

Fiesta28 [93]2 years ago

5 0

Business consultant Peter Drucker said that the most important factor of production is knowledge.

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On August 1 of Year 1 Accounting Associates (AA) collected $1,200 cash for consulting services to be provided for one year begin

igor_vitrenko [27]

Answer:

c) Unearned Revenue $ 500, Revenue $ 500

Explanation:

When the cash was received on August 01, no accounting services were provided so the entry would have been:

Cash Debit $ 1,200

Unearned revenue Credit $ 1,200

Unearned Revenue is a liability account

On December 31, a recognition needs to be made for the services revenue earned and hence the amount for 5 months amounting is debited to unearned revenue and revenue credited with $ 500.

6 0

3 years ago

If Jacques's Fire Engines were a competitive firm instead and $80,000 were the market price for an engine, decreasing its price

Anna35 [415]

Answer:

The correct answer is:

false (b)

Explanation:

Reduction in the price of a good or service in a competitive market leads to an increase in quantity demanded, which in turn leads to an increase in the production quantity, to cater for the increase in the volume of demand. Hence the reduction in the price of Jacques's fire engines will increase demand and in effect increase the production quantity. With respect to the total revenue, depending on the extent of demand increase, the total revenue might increase or even decrease. If the total demand exceeds the previous demand to make up for the reduction in price, the total revenue will increase, if not so, the total revenue will decrease.

3 0

3 years ago

A firm uses a continuous review (Q) inventory system. Weekly demand for a product is normally distributed with a mean of 120 uni

Sidana [21]

Answer: 90.32%

Explanation:

Weekly demand (d) = 120

Standard deviation = 10

Lead time (l) = 4

Reorder point = 506

The reorder point is calculated as:

506 = 120 × 4 + Z × 10 × ✓4

Solving for Z will give us 1.3

Then, we check this in the z table which will give us p = 0.9032

Therefore, the service level is 90.32%.

8 0

3 years ago

Bailey Corporation, prepares the following adjustments required at the end of the month on July 31: Before these adjustments, Ba

podryga [215]

Answer:

After the adjustments stockholders’ equity on 7/31 will be $20,184.

Explanation:

Journal Entries to Show the adjustments are as follows :

Utility Expenses $568 (debit)

Accounts Payable $568 (credit)

Wages Expense $1,648 (debit)

Wages Payable $1,648 (credit)

Loan Receivable $2,400 (debit)

Interest Income $2,400 (credit)

To Determine Effect on Equity use the Accounting Equation : Assets = Equity + Liability.

Therefore, Equity = Assets - Liability

Effect on Assets = $70,000 + $2,400 = $72,400

Effect on Liabilities = $50,000 + $568 + $1,648 = ($52,216)

Effect on Equity (Total) = $20,184

Conclusion :

Therefore, After the adjustments stockholders’ equity on 7/31 will be $20,184.

4 0

3 years ago

Lenny loves physics and math. In which Energy career pathway would these interests be the most helpful?

Vilka [71]

Answer:

For t

Explanation:

it will be analysis

3 0

3 years ago

Read 2 more answers