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ElenaW [278]
2 years ago
10

Millions of producers working across the world cooperate to ensure that many more millions of consumers can have the goods and s

ervices they desire. These producers do not know one another and are not coordinated by a central agency. Their actions are directed simply by:
Business
1 answer:
Serggg [28]2 years ago
3 0

The actions of the millions of producers is driven by self interest.

<h3>Who is a producer?</h3>

A producer is an individual or firm that makes goods and services for consumers. For example, a farmer who plants apples is a producer.  Also, the owner of the lemonade stand is a producer.

The goal of a producer is to earn profits all things being equal. Profits is when total revenue is greater than total cost.

To learn more about profit, please check: brainly.com/question/26181966

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Other things the same, a decrease in the price level causes real wealth to a. fall, interest rates to fall, and the dollar to ap
Law Incorporation [45]

Answer:

c. rise, interest rates to rise, and the dollar to appreciate

Explanation:

7 0
3 years ago
Which statement below best answers the economic question "How to produce"?
FromTheMoon [43]

Answer:

An artisan uses local wood from a sustainable tree farm to make products.

(third option listed)

Explanation:

<em>Producing </em>is the actual making of something, and so the question of "How to produce?" can be best answered by an explanation of the production process.

So, "An artisan uses local wood from a sustainable tree farm to make products." describes the process of production--how the artisan is making their products.

read more about production at brainly.com/question/1462676

hope this helps!!

4 0
2 years ago
Fill in the Blank
Gnesinka [82]

Evidence of one's claim to authority or competence, such as a diploma, degree, certification, or license is known as the credential.

<h3>What is the evidence?</h3>

Evidence is the term that means to show or to prove that a particular thing is true or is in existence. For better understanding, a few illustrations can be taken. Like They found evidence of a robbery, in the room footprints of three persons present, and many more.

In any courtroom for making the case strong, one has to present evidence that is real like fingerprints, blood samples, DNA, a knife, a gun, and other physical objects.

There are basically two types of evidence, which include Oral and Documentary evidence. Documents that include electronic records are documentary evidence.

Thus, all the names given in the statement are of documentary evidence or credential.

Learn more about evidence from here:

brainly.com/question/6764645

#SPJ1

7 0
2 years ago
Z-Mart appropriately uses the installment sales method of accounting for its installment sales. During 2013, Z-Mart made install
Tresset [83]

Answer:

                                        Dr.                  Cr.

Sale

Account Receivable    $300,000

Inventory                                          $210,000

Deffered Gross Profit                      $90,000

Payment Receipt

Cash                             $135,000

Account Receivable                        $135,000

Profit Recognition

Deffered Gross Profit  $40,500

Relaized Gross Profit                      $40,500

Explanation:

On sale a receivable is recorded and goods has been transferred to customer and its cost is been deducted from inventory. The Gross profit is deferred until the receipt of payment.

Deferred Profit = $300,000 x 30% = $90,000

Inventory cost = $300,000 - $90,000 = $210,000

Cash received from the customer, profit proportionated to the the cash receipt is realized gross profit.

Realized Profit = $135,000 x 30% = $40,500

5 0
3 years ago
(Deferred Tax Asset with and without valuation Account) Jennifer Capriati Corp. has a deferred tax asset account with a balance
valina [46]

Answer:

a. Income Tax Expense (Dr.) $298,000

Deferred Tax (Dr.) $30,000

Income Tax Payable (Cr.) $328,000

Explanation:

b. Income Tax expense (Dr.) $30,000

Allowance to reduce deferred tax value to NRV (Cr.) $30,000

Income tax payable is calculated based on tax rate of 40%.

$820,000 * 40% = $382,000

8 0
3 years ago
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