Why are many goods sold in the United States produced
overseas, often in several countries?

Answer:

esteem

Explanation:

esteem

Audit services is one that is needed in Auchi polytechnic student union government to know if the student body use the money allocated to them in the right manner or for the right project.

.

The student union is known to be a body that is composed of student of any university, polytechnic or college institution.

It is known to be a body that is autonomous and one whose internal life set up its own by-laws.

Note that the student unions are often allocated funds by the university or polytechnic  and as such they have to use the audit service because some of their leaders may squander the money given to them., So this will help to checkmate them.

Hence, Audit services is one that is needed in Auchi polytechnic student union government to know if the student body use the money allocated to them in the right manner or for the right project.

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Begin describing your professional history through list each of your preceding roles in chronological order starting with the most current.

In brief, describe the scope of your responsibilities, and highlight how you have got contributed to the organization's success.

Good resources of professional records consist of school career workplaces, government agencies, and professional counselors. in addition, libraries and diverse websites can also provide facts for those who are interested in studying extra about unique jobs and careers.

Perhaps the primary factor you want to do is intentionally expand capabilities—both important gentle competencies and particular technical abilities—to be able to serve you in the future. And are trying to find out approaches to usually build competencies in the course of your profession.

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Answer:

Explanation:

SOLUTION: The ratio of the profit, cost of materials and labour in the production of an article is 5 : 7: 13 respectively. If the cost of materials is GH¢ 840 more than that of labour. fin

The ratio of the profit, cost of materials and labour in the production of an article is 5 : 7: 13 respectively. If the cost of materials is GH¢ 840 more than that of labour. find the total cost of producing the article.

Note: GH¢ stands for Ghana Cedis

   The problem formulation is  HEAVILY  INCORRECT.

One part of the condition says that the cost of materials and the labor are  7x  and  13x  respectively,

where x is their common measure,  a positive value.

The other part says that the cost of materials  (7x)  is  840  MORE  than that of labor  (13x).

           It can not be so,  BECAUSE  it can  NEVER  be so.

I HOPE THIS WILL HELP YOU

MARK ME AS BRAIN LIST IF MY ANSWER IS HELP FUL

Based on his transactions during the year, Morgan's potential deduction is $55,500.

The question asks about the potential deductions if percentage limitations are ignored.

If percentage limitations were not applied, Morgan would be able to deduct all the donations to his church as the church is a not for profit organization.

The potential deduction is therefore:

= 5,500 + 50,000

= $55,500

In conclusion, the potential deduction is $55,000.

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Answer:

1) public

2) merit

3) public

4) public

5) individual

Explanation:

1) Fire fighters and their fire prevention can be considered a public good because they are granted free of charge. Public goods are a benefit of being a citizen and are provided. This is an example of a public good for the services are provided for free and without any profit to the owners, such as the government or a different corporation.

2) The goods and services provided are merit goods because they come from the government and the private sector. They were collected by taxes. Your cousin attends a nearby elementary school that is supported financially by local property tax revenue. Being that the case, the goods and services provided are public because they come from the government and the private sector. Taxes are helping the young man get their education. The Government provide merit goods and services to promote consumption and equity. The government considers that consumption would not be based on the ability to pay.

3) The Military spending is not seen as public good, but Defense is. In economics, it is considered that a public good something that's non-rivalrous and also excludable in a way that individuals may not be excluded from using or enjoying the goods without having to pay for it. In the US, both the air that you breathe and public defense are considered public goods.

4) It is a public good as the contracts that the company has with the government is because that the government wants to invest in it as it is in the best interest of its people. The central role of the government in any country is to bring prosperity and this is done by investing in infrastructure and meeting the expectations of its people by investing in different areas which includes defense, communication, transport, infrastructure development, education, health, etc.

5) Individual good is the right answer. An individual good has the characteristic of being exclusive of property rights and rivalry of consumption, meaning that the owner can prevent it from being consumed by anyone and they can be consumed by individuals without affecting their availability to other individuals. In the example, it only gets sustained by the local taxes and only puts behind bard the county criminals and not any criminal, so this is why individual good fits the answer

hope this helps

Answer:

According to the concept of unity of command, each level of the organizational hierarchy has only one supervisor who is responsible for each employee. This holds true even if a collection of individuals leads the organization's top. Consider being the CEO of a Silicon Valley-based technology company as an illustration. While the board of directors of your company oversees policy-making and strategic planning, you solely report to the chairman of the board in accordance with the unity of command principle. however, have a supervisor for your unit who reports to her department manager. The vice president of operations, who reports to the CEO, is the department manager's superior. The board of directors' chairman is the CEO's subordinate.

Answer:

unity of command

Explanation:

Being accountable and answerable to more than one supervisor is never liked by the employees. Unity of Command is the one business management theory that resolves this issue.

According to the Principle of Unity of Command, there shouldn’t be a group of supervisors for a single subordinate or a single team working for a company.

For example, the HR team of a company will have just one supervising head instead of two or three to have an orderly set up in the work atmosphere. With the help of the Unity of Command principle, there is a proper hierarchy that is set in the company.

clear-cutting all of the trees damaging and dangerous practice, hence the correct options are 1 and 2.

Deforestation, also known as forest clearance, is the removal of a forest or tree stand from land before it is put to another use other than that of a forest.

Conversion of forest land to farms, ranches, or urban use is a form of deforestation. Tropical rainforests are where deforestation is most prevalent.

Forests have been cleared throughout history and into the modern era to make room for agriculture and animal grazing as well as to obtain wood for fuel, manufacturing, and construction.

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Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.

Beverly Mills decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accommodate a variety of driving patterns.All the leases are for 3 years and require no money at the time of signing the lease.

The three lease options available to Beverly Mills are as follows:

Option 1:Monthly cost: $330Total mileage allowance: 36,000 miles (an average of 12,000 miles per year)Cost for any miles over 36,000: $0.35 per mile

Option 2:Monthly cost: $460Total mileage allowance: 45,000 miles (an average of 15,000 miles per year)Cost for any miles over 45,000: $0.45 per mile

Option 3:Monthly cost: $540Total mileage allowance: 60,000 miles (an average of 20,000 miles per year)Cost for any miles over 60,000: $0.55 per mile

Therefore, Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.

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A free enterprise system was necessary because it allows people to do what they do best while trading for the rest, of free enterprise, works. Competition is a driving force behind the free enterprise, resulting in increased efficiency and lower consumer prices.

The benefits of the US Free Enterprise System to producers and consumers include the freedom to own private property, producers producing at their own profit, consumers and producers having control over themselves, increased efficiency, and adequate use of available resources.

A free enterprise system allows individuals to make their own economic decisions without being constrained by the government. It enables consumer supply and demand to determine the success or failure of an economic venture.

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Based on the information available for Berlin Corporation, the step - by - step income statement would be:

                                        Berlin Corporation.

                                         Income Statement

Sales Revenue                                              $592,000

Less:  Sales Return                                       $40, 000

Net Sales                                                                           $552, 000

Less : Cost of Goods sold                                                ($156, 000)

Gross Profit                                                                         $396, 000

Less Operating expenses:                                                 (186, 000)  

Income from operations                                                    $210, 000

Other Revenue /Gains                                    12, 700

Other Expenses /Losses                                 (13, 300)        ( 600 )

Income before income taxes                                              $209 ,400

Less: Income tax expense                                                    ($62, 820)

Net Income / (Loss)                                                              $146,580

An income statement is the financial document that is used to find the amount of net income or loss that a company made in a certain period of time which is often a year or a quarter.

The main components of a net income statement are the revenue, the cost of goods sold, the gross profit, the operating expenses, and the net income.

To find the net income, subtract cost of goods sold and the operating expenses from the sales revenue.

In this case, you need to find the taxes to Berlin Corporation as well:

= Income before taxes x Income tax rate

= 209, 400 x 30%

= $62, 820

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An organizational structure based around projects while employees remain in their departments combines the advantages of functional specialization and project-oriented collaboration

Businesses that adopt an organizational structure based around projects while keeping employees in their respective departments often follow a matrix or hybrid organizational structure. This approach allows organizations to leverage the benefits of both functional departments and project teams.

In this structure, employees are grouped into functional departments based on their areas of expertise or skills. These departments, such as finance, marketing, human resources, and operations, provide specialized support and resources to various projects within the organization. Each department is typically led by a department head or manager responsible for overseeing the department's operations and ensuring the delivery of functional objectives.

On the other hand, project teams are formed to address specific business objectives or initiatives. These teams are comprised of individuals from different departments who possess the necessary skills and expertise to achieve project goals. The project teams are usually led by a project manager who is responsible for coordinating activities, managing resources, and ensuring the successful completion of the project within the specified timeline and budget.

By adopting this organizational structure, businesses can maximize efficiency and resource utilization. Employees benefit from the stability and specialization offered by their department, allowing them to develop deep expertise in their functional areas. At the same time, they also have the opportunity to contribute their expertise to cross-functional project teams, enabling them to broaden their skills, collaborate with colleagues from different backgrounds, and gain exposure to diverse projects and challenges.

This structure facilitates better communication and coordination between departments, as project teams act as intermediaries, ensuring that information and resources flow seamlessly between the departments and the projects. Additionally, it encourages a culture of innovation and flexibility, as employees have the opportunity to contribute their unique perspectives and expertise to different projects, fostering a cross-pollination of ideas.

Overall, an organizational structure based around projects while employees remain in their departments combines the advantages of functional specialization and project-oriented collaboration, enabling businesses to efficiently execute projects while maintaining the stability and expertise of functional departments.

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Answer:

Based on SLII, the leadership style you should exhibit in this case is:

Directing.

Explanation:

Directing as a leadership style should not be done in total isolation of the other leadership styles.  While the junior member can be delegated to handle the organization of the PowerPoint presentation, there is need to initially direct, coach, and support this member to ensure that group objectives are attained.

Directing ensures that this junior member is properly instructed and supervised.

Coaching ensures that the junior member, having shown some level of competence, is fully engaged to develop all the required skill-set.

Supporting enhances the competence level of the junior group member.  This can be achieved through the active participation of the leader in the junior's assignments.

Delegating ensures that the ultimate leadership goal is attained, and this happens when the junior's competence cannot be questioned.

Answer:

true

Explanation:

they gives us great lesson

The correct option is B. All the resources used to produce any goods and services are known as factors of production.

The resources that make up the foundation of the economy and are used by people to produce products and services are called factors of production. The four categories of factors of production that economists distinguish between are land, labor, capital, and entrepreneurialism.

Inputs, resources, or factors of production are what are utilized in the production process to produce output, or finished goods and services, in economics. The production function, a relationship, describes how much of each input is used to determine how much output is produced.

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FAnswer:

Explanation:

                                         Income Statement

Net sales Revenue                                               7464000

Less Cost of goods sold                                      4250000

Gross Profit                                                           3214000

Operating Expenses

Selling Expenses                                   130000

Admin Expenses                                    120000    250000

Income from continuing operation                       71,400

before income tax

Income tax expenses                                               35000      

Income tax from continuing operation                 36,400

Income from discontinuing operation.                    1,440

Net of tax (2400-960)

Net Income.                                                            37,840

Earning per Share

Income from continuing operation = (36400-16000)/(12000-4000)= $2.55

Income from discontinuing operations = (1440) / (12000-4000) = $0.18

Net Income = $2.55 / $0.18

Net Income = $2.71

Dividend to preferred stock = 4000 * 4 = $16,000

Answer:

a) To maximize profit, you want to use the combination of inputs that minimizes the cost of producing 100 units of coffee. Since labor and capital are perfect substitutes, you can use the coffee machine to replace some of the workers. Let's denote the number of workers as L and the number of coffee machines as K. Then, the total cost of producing 100 units of coffee is:

C = 750K + 300L/3 = 750K + 100L

To minimize the cost, you need to choose the combination of K and L that satisfies the production constraint of 100 units of coffee. Let's denote the coffee production function as Q = f(K,L) = K + 3L, where Q = 100. Then, we have:

100 = K + 3L

Solving for K, we get:

K = 100 - 3L

Substituting this expression for K into the cost equation, we get:

C = 750(100 - 3L) + 100L = 75000 - 650L

To minimize the cost, we need to choose the value of L that minimizes the cost function. Taking the derivative of the cost function with respect to L, we get:

dC/dL = -650

This derivative is a constant, so the cost function is linear in L. Therefore, to minimize the cost, we want to choose the smallest possible value of L that satisfies the production constraint of 100 units of coffee. From the coffee production function, we know that if L = 33.33, then K = 100 - 3L = 0. This means that we can replace all three workers with one coffee machine. Therefore, the combination of inputs that maximizes profit is K = 1 (one coffee machine) and L = 33.33 (three workers' worth of labor).

b) Using the same approach as in part a), we have:

C = 750K + 200L/3 = 750K + 66.67L

100 = K + 3L

K = 100 - 3L

C = 750(100 - 3L) + 66.67L = 75000 - 583.33L

dC/dL = -583.33

If L = 50, then K = 100 - 3L = 50. This means that we can replace two workers with one coffee machine. Therefore, the combination of inputs that maximizes profit is K = 2 (two coffee machines) and L = 50 (two workers' worth of labor).

c) The elasticity of labor demand is given by:

E = (dL/dw) x (w/L)

where w is the wage rate and E is the elasticity of labor demand. From the production function, we know that:

Q = K + 3L

Taking the derivative of Q with respect to L, we get:

dQ/dL = 3

This means that the marginal product of labor is constant and equal to 3. Therefore, the derivative of the cost function with respect to L is:

dC/dL = w

where w is the wage rate. Taking the absolute value of both sides, we get:

|dC/dL| = |w|

Therefore, the elasticity of labor demand is:

E = (dL/dw) x (w/L) = (1/|w|) x (w/L) = 1/L

When the wage falls from $300 to $200, the quantity of labor demanded increases from 33.33 to 50, so the elasticity of labor demand is:

E = 1/L =

Explanation:

Answer:

Explanation:

a) Find the total unemployment rate

Total labour force = 40 million

Number of employed = 30 million

Number of unemployed = 40 - 30 = 10 million

Unemployment rate = (unemployed / Labour force) × 100

Unemployment rate = (10 million / 40 million) × 100 = 25%

b) Calculate the cyclical unemployment rate​

Cyclical unemployment rate = Unemployment rate - natural rate of unemployment

Unemployment rate = 25%

Natural rate of unemployment = 12%

Cyclical unemployment rate = 25 - 12 = 13%

It can be deduced that the cash flow shows that the net cash provided by operating activities will be $58 million.

Cash flow from operating activities

Net income = $54 million

Add: Depreciation $15 million.

Add: Bad debt = $6 million

Add: Amortization expense = $3

Changes in operating assets and liabilities

Decrease in account receivable = $4 million

Increase in inventory = ($9 million)

Increase in prepaid expense = ($2 million)

Decrease in account payable = ($10 million)

Decrease in accrued liability = ($3 million)

Net cash provided by operating activities = $58 million

In conclusion, the net cash provided by operating activities is $58 million.

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The yearly return of the investor is given to be 11.069%

In order to do this we have to make use of the Rate function in excel

This would be given as

=RATE(nper, PMT, PV, FV)

where Nper is 5 years

PMT is = $1,000*10% = $100

PV = $980

The future value Fv is given as $1,000

Hnece we would have to type in excel

RATE(5,100,-980,1000)

This would give us the value of the YTM as 10.5348%

Next would be to find the rate of return of this investor. This would be the rate that he actually earned.

We would also use the rate function

=RATE(nper, PMT, PV, FV

Npe = 4 years

PMT = $1,000*10% = $100

PV = $980

FV = $1,020 that is the amount for which the bond was sold

=RATE(4,100,-980,1020)

The solution would be = 11.0698%

Thus we can say that the return earned on investment is 11.0698%

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Answer:

In view of the units of corn and precious stones delivered by the US, the open-door cost of creating corn is B. 10⁄60.

What is the open-door cost of delivering corn?

The open-door cost of delivering corn to the US would be the number of precious stones that are surrendered to make one unit of corn.

This can be found as:

= Units of jewels/Units of corn

= 10/60 jewels

All in all, choice B is right.

Answer:

B) The United States should specialize in corn and trade for diamonds.

Explanation:

I got it right on the test

Answer:

The question is incomplete since we are not told if the capital gain is a short or long term gain. So I will answer the question in both possible scenarios.

Short term capital gains:

They are taxed as ordinary income, so the net gain = $35,000 - $7,000 = $28,000

Net gain after taxes = $28,000 x (1 - 53.31%) = $13,073.20

Long term capital gains:

They are taxed at a much lower rate that ranges from 0 to 20%. In this case, Christopher is probably taxed at 20%.

Net gain after taxes = $28,000 x (1 - 20%) = $22,400

Explanation:

Answer:

1) Eight types of leadership styles are:

a) Autocratic Leadership: This style of leadership involves the leader making all the decisions and giving orders to subordinates without getting any input or feedback from them. This style is useful in situations where quick decisions need to be made, but it can lead to resentment and low morale among employees.

b) Democratic Leadership: This style of leadership involves the leader encouraging participation and input from subordinates in decision-making. This style can lead to higher job satisfaction and greater commitment among employees, but it can also lead to slower decision-making and lack of accountability.

c) Laissez-Faire Leadership: This style of leadership involves the leader delegating decision-making and responsibility to subordinates. This style can be useful in situations where employees are highly skilled and motivated, but it can also lead to lack of direction and accountability.

d) Transactional Leadership: This style of leadership involves the leader using rewards and punishments to motivate employees. This style can be effective in achieving short-term goals, but it can also lead to lack of creativity and innovation.

e) Transformational Leadership: This style of leadership involves the leader inspiring and motivating employees to achieve shared goals. This style can lead to high levels of job satisfaction and commitment, but it can also be difficult to implement and maintain.

f) Servant Leadership: This style of leadership involves the leader putting the needs of employees first and serving them. This style can lead to high levels of trust and loyalty among employees, but it can also be difficult to implement and maintain.

g) Charismatic Leadership: This style of leadership involves the leader using their personality and charisma to inspire and motivate employees. This style can be effective in achieving short-term goals, but it can also be risky if the leader becomes too focused on their own goals and needs.

h) Situational Leadership: This style of leadership involves the leader adapting their style to fit the situation and needs of the employees. This style can be effective in achieving a balance between task and relationship-oriented leadership, but it can also be difficult to implement and maintain.

2) The do's and don'ts of communication are:

Do's:

a) Be clear and concise in your communication.

b) Use active listening to understand the other person's perspective.

c) Use appropriate body language and tone of voice to convey your message.

d) Use examples and anecdotes to illustrate your points.

e) Provide feedback and ask for feedback to improve communication.

Don'ts:

a) Interrupt the other person while they are speaking.

b) Use offensive language or tone of voice.

c) Assume that the other person understands your perspective.

d) Make assumptions or judgments about the other person without getting their input.

e) Use distractions or multitasking while communicating.

3) Managers can use motivation theories to motivate employees by:

a) Understanding the needs and goals of the employees.

b) Providing rewards and recognition for good performance.

c) Creating a positive work environment that fosters creativity and innovation.

d) Offering opportunities for growth and development.

e) Encouraging teamwork and collaboration.

f) Providing regular feedback and communication.

g) Setting clear goals and expectations.

h) Providing training and support for employees to achieve their goals.

i) Creating a culture of trust and respect.

j) Encouraging autonomy and responsibility.

Answer:

Explanation:

1) Eight types of leadership styles are:

a) Autocratic Leadership: This style of leadership involves the leader making all the decisions and giving orders to subordinates without getting any input or feedback from them. This style is useful in situations where quick decisions need to be made, but it can lead to resentment and low morale among employees.

b) Democratic Leadership: This style of leadership involves the leader encouraging participation and input from subordinates in decision-making. This style can lead to higher job satisfaction and greater commitment among employees, but it can also lead to slower decision-making and lack of accountability.

c) Laissez-Faire Leadership: This style of leadership involves the leader delegating decision-making and responsibility to subordinates. This style can be useful in situations where employees are highly skilled and motivated, but it can also lead to lack of direction and accountability.

d) Transactional Leadership: This style of leadership involves the leader using rewards and punishments to motivate employees. This style can be effective in achieving short-term goals, but it can also lead to lack of creativity and innovation.

e) Transformational Leadership: This style of leadership involves the leader inspiring and motivating employees to achieve shared goals. This style can lead to high levels of job satisfaction and commitment, but it can also be difficult to implement and maintain.

f) Servant Leadership: This style of leadership involves the leader putting the needs of employees first and serving them. This style can lead to high levels of trust and loyalty among employees, but it can also be difficult to implement and maintain.

g) Charismatic Leadership: This style of leadership involves the leader using their personality and charisma to inspire and motivate employees. This style can be effective in achieving short-term goals, but it can also be risky if the leader becomes too focused on their own goals and needs.

h) Situational Leadership: This style of leadership involves the leader adapting their style to fit the situation and needs of the employees. This style can be effective in achieving a balance between task and relationship-oriented leadership, but it can also be difficult to implement and maintain.

2) The do's and don'ts of communication are:

Do's:

a) Be clear and concise in your communication.

b) Use active listening to understand the other person's perspective.

c) Use appropriate body language and tone of voice to convey your message.

d) Use examples and anecdotes to illustrate your points.

e) Provide feedback and ask for feedback to improve communication.

Don'ts:

a) Interrupt the other person while they are speaking.

b) Use offensive language or tone of voice.

c) Assume that the other person understands your perspective.

d) Make assumptions or judgments about the other person without getting their input.

e) Use distractions or multitasking while communicating.

3) Managers can use motivation theories to motivate employees by:

a) Understanding the needs and goals of the employees.

b) Providing rewards and recognition for good performance.

c) Creating a positive work environment that fosters creativity and innovation.

d) Offering opportunities for growth and development.

e) Encouraging teamwork and collaboration.

f) Providing regular feedback and communication.

g) Setting clear goals and expectations.

h) Providing training and support for employees to achieve their goals.

i) Creating a culture of trust and respect.

j) Encouraging autonomy and responsibility

The future value of the investment when $20,000 is paid at the end of each of the following 4 years, assuming an investment return of 8% per year, is $90,250.

To calculate the future value of the investment, we can use the formula for the future value of an ordinary annuity:

FV = P * ((1 + r)^n - 1) / r

Where:

FV = Future value

P = Payment or investment amount ($20,000 in this case)

r = Interest rate per year (8% or 0.08)

n = Number of years (4 years in this case)

Plugging in the values:

FV = $20,000 * ((1 + 0.08)^4 - 1) / 0.08

Using a calculator or spreadsheet, we can calculate the future value:

FV ≈ $20,000 * (1.08^4 - 1) / 0.08

FV ≈ $20,000 * (1.3605 - 1) / 0.08

FV ≈ $20,000 * (0.3605) / 0.08

FV ≈ $90,250

Therefore, the future value of the investment when $20,000 is paid at the end of each of the following 4 years, assuming an investment return of 8% per year, is $90,250.

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Answer:

Air France La Première Lounge, Paris is the first best Airline lounge in the World.

Explanation:

The Air France La Première Lounge gives its customer one of the fashionable flying experiences in the world, as it includes freshening up the cozy cocktail bar to be brighter and more inviting, adding semi-private relaxation areas and installing new pieces of art.

In addition to having one of the best first class inflight experiences available, Air France also provides an outstanding ground experience in Paris. Best food is also offered at the restaurant there.

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Answer:

C.building construction

Explanation:

If this person wants more money for rent, they could consider adjusting their deductions for housing-related expenses, such as mortgage interest.

One specific deduction they could change is the deduction for mortgage interest. By increasing their mortgage interest deduction, they could potentially lower their taxable income and reduce their overall tax liability. This would result in more disposable income that could be allocated towards rent.

The mortgage interest deduction allows taxpayers to deduct the interest paid on their mortgage loans. By increasing the amount of mortgage interest they can deduct, the person can potentially lower their taxable income and decrease the amount of taxes owed. This would free up more money that could be used to cover the cost of rent.

It's important to note that individual circumstances and tax laws vary, so it is advisable for this person to consult with a tax professional or accountant to fully understand their options and ensure compliance with tax regulations.

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Answer:

(a) Dec. 31, 2020

Dr Unrealized Holding Gain or Loss- Income $1,610

Cr Fair value adjustment $1,610

(b) During 2021

Dr Cash $10,350

Dr Loss on sale of investment $550

Cr Equity Investment (trading) $10,900

(c) Dec. 31, 2021

Dr Fair value Adjustment $1,100

Cr Unrealized Holding gain or loss - Income $1,100

Explanation:

(a) Preparation of the adjusting journal entry needed on December 31, 2020

Dec. 31, 2020

Dr Unrealized Holding Gain or Loss- Income $1,610

Cr Fair value adjustment $1,610

(b) Preparation of the journal entry to record the sale of the Colorado Co. stock during 2021

During 2021

Dr Cash $10,350

Dr Loss on sale of investment $550

($10,900-$10,350)

Cr Equity Investment (trading) $10,900

(c) Preparation of the adjusting journal entry needed on December 31, 2021

Dec. 31, 2021

Dr Fair value Adjustment $1,100

Cr Unrealized Holding gain or loss - Income $1,100

Calculation for Fair value Adjustment

Cost FV Profit Unrealized Gain (Loss)

Clemson Corp. stock $20,400-$19,390 =$1,010

Buffaloes Co. stock $20,400-$20,900=-$500

Total portfolio $40,800 $40,290 ($510)

Previous Fair value adjustment $1,610

Unrealized Holding Gain $1,100

($1,100-$510)

The process of production is complete when retailers prepare goods for sale to consumers. Hence, Option C is correct.

Capital, labour, technology, land, and other resources are considered factors of production because they are utilised to produce output, which includes commodities and services.

One of the most crucial procedures in manufacturing is production, which is essential to understanding what it means to be a manufacturer. Without this activity, there would be nothing produced that could be sold to buyers as finished goods.

Therefore, Option C is correct.

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