Cash payments for purchases and salaries are not specifically reported as cash outflows on the statement of cash flows under the indirect method because the statement of cash flows focuses on the cash flows from operating activities, investing activities, and financing activities. The indirect method reconciles the net income reported on the income statement to the net cash provided or used by operating activities.
In the case of purchases, the cash outflows for inventory purchases are typically included in the cost of goods sold (COGS) on the income statement. The COGS reflects the cost of inventory sold during the period, which is an expense reported on the income statement. Since the cash payments for inventory purchases are already considered in calculating the COGS, they are not separately reported as cash outflows on the statement of cash flows.
Similarly, cash payments for salaries are considered operating expenses and are reported on the income statement as part of the operating activities. These expenses, along with other operating expenses, are reflected in the determination of net income. Since the net income is adjusted to calculate the net cash provided or used by operating activities, the cash payments for salaries are indirectly accounted for in the operating activities section of the statement of cash flows.
In summary, under the indirect method of preparing the statement of cash flows, cash payments for purchases and salaries are not separately reported as cash outflows because they are already accounted for in the determination of net income and are reflected in the operating activities section of the statement.
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Beauty and the bistro, inc. Had $500 of supplies on its balance at the end of its 1st year of business. It purchased $5,000 of supplies during the 2nd year. At the end of the 2nd year, it had $800 of supplies on hand. What is the amount of supplies expense on the income statement?.
The amount of supplies expense on the income statement= $4,700
It started with $500 and purchased $5,000 but only has $800 of supplies left, thus it used $4,700. The amount used is Supplies Expense and is recorded as an adjusting entry with a debit to Supplies Expense (+E,-SE) and credit to Supplies (-A) for $4,700. The Supplies balance on the balance sheet equals $800 (the supplies left).
A supplier is a person, business, or other entity that sells or provides clients with goods or equipment.A supplier in business is a person or a company that provides retailers and distributors with high-quality products and services from manufacturers at competitive prices. Deliverables from them come in the form of raw materials, which manufacturers then transform into finished goods that are ready for sale.
A supplier is a company that offers products and services to another business. This organization is a section of a company's supply chain, which might provide the majority of the value found in its products. Even drop shipping, when products are sent directly to the buyer's clients, is practiced by some suppliers.
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what is the poem about "a bird came down the walk"
Answer:
It is called A bird came down the Walk by Emily Dickinson
Tangible assets are
of the assets in
accounting
A. most
B. a few
C. all
D. some
Answer:
C. all
Explanation:
the answer is lether C
Kevin is not fond of travelling; hence, he did not take up an assignment as the job involved excessive travelling. On the other hand, Sam took up
the same assignment simply because he loves travelling. What is such a contrasting behavior called?
The contrasting behavior that influenced Kevin and Sam's job selection is known as
Answer:
Internal employee motivations or employee personality traits.
Explanation:
Remember, based on the context of this example, we notice here that, the two employees had different personalities, and thus affected their job selection.
Personality of an employee serves as internal motivation for certain job duties and may affect the quality of their work. Thus, recruitment staff should always strife to place the right person for the right job.
TRUE OR FALSE: Digitoxin can act as a short term cardiac stimulant by inhibiting the Na+-K+ pump
Digitoxin can act as a short term cardiac stimulant by inhibiting the sodium and potassium Na+-K+ pump would be an example of a symport system. This statement is False.
An active transport method that uses ATP hydrolysis to generate the necessary energy is the displacement of sodium and potassium ions through the cell membrane. Na +/K+-ATPase is the relevant enzyme.
The enormous excess of K + ions inside the cell and the large excess of Na + ions outside the cell are both maintained by this action. The transport process is broken down into a cycle below. Two K+ ions are transported to the interior of the cell, while three Na + ions are sent to the exterior. The separation of charge across the membrane is partially caused by this imbalanced load transfer. The sodium-potassium pump plays a significant role in the action potential that nerve cells produce.Because ATP interactions phosphorylate the transport protein and modify its shape, this pump is known as a P-type ion pump.
Complete question:
TRUE OR FALSE: Digitoxin can act as a short term cardiac stimulant by inhibiting the Na+-K+ pump would be an example of a symport system.
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Which is the most important decision factor in transportation?
A.capacity
B. Cost
C.capability
D.reliability
Which of the following is true regarding states that have adopted the reasonably foreseeable users test for accountant liability to
third parties?
The reasonably foreseeable users test holds an accountant liable to any third-party who was or should have been foreseen as a possible user of the accountant's work product and did, in fact, use and rely upon that work product for a proper business purpose.
What is accountant?By gathering, monitoring, and making necessary corrections to the company's finances, an accountant assists organisations in making important financial decisions. Financial audits, bank statement reconciliation, and ensuring that financial records are accurate all year long are under their purview.
Account analysis, auditing, and financial statement analysis are examples of professional accounting duties carried out by accountants. Accountants can work for an accounting firm, a sizable business with an internal accounting division, or they can open their own practise.
These four areas of accounting are forensic, corporate, public, and governmental. For any accounting employment, an undergraduate degree is typically a requirement, however prior master's work—especially in the accounting field—is frequently greatly encouraged.
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These 4 companies have activities abroad. For each company and case, indicate which staffing strategy you would suggest.
1. EXXON: Has to expand its teams of logisticians for natural gas shipments from its gas
deposits in Cyprus and in Israel. The team travels across multiple sites, and can work
remotely, focusing primarily on technical aspects.
2. Mars inc.: Mars is expanding and differentiating its presence in Eastern Europe. As part
this expansion, the company has decided to staff a new Consumers' Behavior teams for
the Visegrad Countries (PL, CZ, SV, HU).
3. General Electric: GE is expanding its operations in offshore wind technologies, and is
opening a new R&D facility in Orkney (Scotland), part of the European Marine Energy
Center (EMEC) incubator. The new facility will employ 200 researchers and 100 support
staff.
4. Shake Shack: The company is expanding into Japan, and will open a full new subsidiary.
As part of this process, the company has to staff both mid- and high-level managerial
positions, as well as name its Chief Marketing Officer for the country.
Staffing strategy refers to the plan and approach used by an organization to recruit, select, and retain its workforce.
1. For Exxon's expansion of logistic teams for natural gas shipments in Cyprus and Israel, a suitable staffing strategy would be a combination of international assignments and remote work. The company can select experienced logisticians from its existing locations who are willing to work abroad for a certain period. They can be assigned to the new sites in Cyprus and Israel to provide technical expertise and oversee operations.
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Consider the following information on large-company stocks for a period of years Series Arithmetic Mean Large-company stocks Inflation 13.7% 4.2 a. What was the arithmetic average annual return on large-company stocks in nominal terms? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Nominal return b. What was the arithmetic average annual return on large-company stocks in real tes(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Real returrn
To answer this question, we need to understand the difference between nominal return and real return. Nominal return is the return on an investment without adjusting for inflation, while real return is the return on an investment after adjusting for inflation.
a. To find the arithmetic average annual return on large-company stocks in nominal terms, we simply use the given arithmetic mean of 13.7%. Therefore, the answer is 13.7%.
b. To find the arithmetic average annual return on large-company stocks in real terms, we need to adjust for inflation. Inflation is given as 4.2%. To adjust for inflation, we use the following formula:
Real return = [(1 + Nominal return) / (1 + Inflation)] - 1
Plugging in the values, we get:
Real return = [(1 + 0.137) / (1 + 0.042)] - 1 = 0.0901 or 9.01%
Therefore, the arithmetic average annual return on large-company stocks in real terms is 9.01%.
In conclusion, the nominal return on large-company stocks was 13.7%, while the real return after adjusting for inflation was 9.01%. It is important to consider inflation when analyzing investment returns as it can significantly impact the purchasing power of our investments.
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is it cool when you have friends at school
Answer:
Well yes I would suppose…unless you’re the loner type. I don’t have any friends so I wouldn’t really know—
._.
Answer:
yes, i guess you could say that its cool to have friends at school. but it is important to make sure that they dont get in the way of schoolwork or influence you to do anything bad
Explanation:
Quintin's supervisor asks him to use predictive modeling in his decision-making process. What would Quintin's task MOST likely include based on this
directive?
O A. the creation of a decision tree
O B.
O C.
O D.
a conversation with his colleagues
an analysis of data charts
a written list of pros and cons
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If Quintin's supervisor asks him to use predictive modeling in his decision-making process, Quintin's task would most likely include: A. the creation of a decision tree.
What is predictive modeling?Predictive modelling frequently uses decision trees to assist see and analyse the potential effects of a decision.
They offer a methodical technique to weigh the advantages and disadvantages of many options and can aid in determining the best course of action.
Therefore choosing option A is the most likely response. Option B, a discussion with his coworkers, Option C, a review of data charts, and Option D, a written list of advantages and disadvantages, are all potential tasks that may be engaged in decision-making, albeit they may not be explicitly related to predictive modelling.
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A company that produces pleasure boats has decided to expand one of its lines. Current facilities are insufficient to handle the increased workload, so the company is considering three alternatives, A (new location), B (subcontract), and C (expand existing facilities). Alternative A would involve substantial fixed costs but relatively low variable costs: fixed costs would be $265,000 per year, and variable costs would be $620 per boat. Subcontracting would involve a cost per boat of $2,600, and expansion would require an annual fixed cost of $58,000 and a variable cost of $1,060 per boat.
Required:
a. Find the range of output for each alternative that would yield the lowest total cost.
b. Which alternative would yield the lowest total cost for an expected annual volume of 150 boats?
c. What other factors might be considered in choosing between expansion and subcontracting?
To determine the alternative with the lowest total cost, each option's output range needs to be analyzed. Alternative A has fixed costs of $265,000 per year and variable costs of $620 per boat. Subcontracting (Alternative B) has a cost per boat of $2,600. Expansion (Alternative C) requires an annual fixed cost of $58,000 and a variable cost of $1,060 per boat. Other factors, such as production capacity, control over quality, and long-term flexibility, should also be considered in choosing between expansion and subcontracting.
To find the range of output for each alternative that yields the lowest total cost, we need to compare the costs of the different options at various production levels. For Alternative A, the total cost can be calculated as the sum of fixed costs ($265,000) plus variable costs per boat ($620) multiplied by the number of boats produced. For Alternative B, the total cost is the cost per boat ($2,600) multiplied by the number of boats. And for Alternative C, the total cost is the sum of fixed costs ($58,000) plus variable costs per boat ($1,060) multiplied by the number of boats.
By comparing the total costs for each alternative at different production levels, we can determine the range of output for each option that results in the lowest total cost. The alternative with the lowest total cost for an expected annual volume of 150 boats can be identified. In addition to total cost, other factors should be considered when choosing between expansion and subcontracting. These factors may include the production capacity of the existing facilities, the level of control over the manufacturing process and quality assurance, the availability of skilled labor, the long-term flexibility of the chosen alternative, and the potential impact on customer relationships. Careful consideration of these factors will help the company make an informed decision that aligns with its goals and ensures efficient and cost-effective operations.
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NEED ASAP
What are the steps for properly carrying an item
Answer:
Do not twist or turn the body; instead, move your feet to turn. Your hips, shoulders, toes, and knees should stay facing the same direction. Keep the load as close to your body as possible with your elbows close to your sides. If you feel fatigued, set the load down and rest for a few minutes.
Explanation:
2. If a school's total cost of attendance is $23,000 and your EFC is $5,000, how much need-based aid could you qualify for?
Answer:
$28,000 or $18,000
Explanation:
BOB OS THE BEST PERSON IN THE WORLD
If your COA is $10,000 and your EFC is $5,000, for example, you cannot get more need-based assistance than $5,000.
Your Expected Family Contribution (EFC), an index number, will determine your eligibility for federal student financial aid.
Describe EFC?Your Expected Family Contribution (EFC), an index number, will determine your eligibility for federal student financial aid.This amount was calculated using the information you provided on your Free Application for Federal Student Aid (FAFSA) form.According to the government, your EFC should be higher the more you can afford to pay for college.If one's EFC score is high, they will be eligible for less need-based federal financial aid for college.Your EFC is determined using a method that takes into consideration the family's benefits, assets, and both taxable and untaxable income.Learn more about EFC refer to:
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On a 75 mile trip, Mrs. Jones’ average speed for the first 15 miles was 10 miles per hour less than her average speed for the remainder of the trip. Her time for the entire trip was 2 hours. Find her average speed for the first part of the trip
Mrs. Jones' average speed for the first part of her 75-mile trip can be found by using the information that her average speed for the first 15 miles was 10 miles per hour less than her average speed for the remainder of the trip. Her total time for the entire trip was 2 hours.
Let's denote Mrs. Jones' average speed for the first part of her trip as "x" miles per hour. According to the given information, her average speed for the remainder of the trip would be "x + 10" miles per hour.
To calculate the time taken for the first 15 miles, we divide the distance by the speed: 15 miles / x mph = 15/x hours.
The time taken for the remainder of the trip can be found by dividing the remaining distance (75 - 15 = 60 miles) by the speed: 60 miles / (x + 10) mph = 60/(x + 10) hours.
Since the total time for the trip is 2 hours, we can set up the equation: 15/x + 60/(x + 10) = 2.
To solve this equation, we can find a common denominator and simplify: (15(x + 10) + 60x)/(x(x + 10)) = 2.
Expanding and rearranging the terms, we get: 15x + 150 + 60x = 2x^2 + 20x.
Simplifying further, we have: 2x^2 + 5x - 150 = 0.
Solving this quadratic equation, we find that x = 10 or x = -7.5. Since we are dealing with average speed, which cannot be negative, we discard the negative solution.
Therefore, Mrs. Jones' average speed for the first part of the trip is 10 miles per hour.
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the__demand and supply model can be used to describe changes in an economy's price level and real gdp in the short and the long run.
The aggregate demand and supply model can be used to describe changes in an economy's price level and real GDP in the short and the long run.
The combination call for/combination deliver version is a version that indicates what determines overall deliver or overall call for for the economic system and the way overall call for and overall deliver have interaction on the macroeconomic stage. Aggregate deliver is the overall amount of output corporations will produce and sell—in different words, the actual GDP.
The intersection of the economic system's combination call for and long-run combination deliver curves determines its equilibrium actual GDP and charge stage withinside the lengthy run. The quick-run combination deliver curve is an upward-sloping curve that indicates the amount of overall output on the way to be produced at every charge stage withinside the quick run.
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The par value per share of common stock represents the:.
-A(n)---- another is described as moving money from one bank account to
Answers:
Deposit
ATM transaction
Transfer
Withdrawal
A(n)---- another is described as moving money from one bank account to ATM transaction.
What is the process of transferring money from one account to another known as?Money is sent from one account at Bank A to another at Bank B by a bank-to-bank transfer, sometimes referred to as an external transfer. External transfers that are electronic or use the internet can speed up the transfer of funds to a recipient by removing the need to transmit money physically between banks.
What is the name of a bank to bank transfer?Electronic funds transfers between banks are known as ACH transfers, or automated clearing house transfers. Find out the costs and how they operate at various institutions.
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The primary role of the human resource department of an organization is to
Answer:
Human Resources (HR) is concerned with the issues of managing people in the organisation. two men having a meeting The Human Resources department is responsible for many people related issues in an organisation. Under the HR department’s remit are the following roles: The process of recruiting suitable candidates for the organization Identifying and meeting the training needs of existing staff Ensuring employee welfare and employee relations are positive Ensure the working environment is safe for employees Raising awareness of current workplace legislation
Rule-of-thumb budgeting is budgeting that's popular with the hospitality and tourism industry because it's so effective.
true
or
false
How is the relationship between MPC and MP?
Marginal propensity to consume and Marginal propensity to save is inversely proportional.
The marginal propensity to save (MPS) is the percentage of a household's extra income that is saved. The MPS shows what the total household sector does with extra money, specifically the percentage of additional money saved.
MPC is the percentage of a household's additional income that is consumed or spent. It facilitates the quantification of the link between income and consumption.
The marginal propensity to consume (MPC) is the inverse of the marginal propensity to save (MPS). According to economic theory, as income rises, so will expenditure and consumption. As a result, the MPC and MPS have an inversely proportional connection.
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Assume the perpetual inventory system is used. 1) Green Company purchased merchandise inventory that cost $16,100 under terms of 3/10, n/30 and FOB shipping point. 2) Green Company paid freight cost of $610 to have the merchandise delivered. 3) Payment was made to the supplier on the inventory within 10 days. 4) All of the merchandise was sold to customers for $23,700 cash and delivered under terms FOB destination with freight cost amounting to $410. What is the amount of gross margin that results from these transactions
Answer:
$7,473
Explanation:
Calculation to determine the amount of gross margin that results from these transactions
First step is to calculate COGS
COGS=$16,100-($16,100 * 0.03)+$610
COGS=$16,100-$483+$610
COGS=$16,227
Now let calculate the Gross margin
Using this formula
Gross margin = Sales revenue - COGS
Let plug in the formula
Gross margin=$23,700 - $16,227
Gross margin =$7,473
Therefore the amount of gross margin that results from these transactions is $7,473
Diversity programs in organizations contribute to performance improvement and
competitive advantage. Discuss critically, with reference to the academic literature, on how
to capitalize on the benefits and minimize the potential costs of diversity within an
organization
Diversity programs can contribute to performance improvement and competitive advantage in organizations.
The literature suggests that diversity programs in organizations contribute to performance improvement and competitive advantage. The benefits of diversity include a wider pool of talent, increased innovation, and a better understanding of diverse markets. However, diversity can also have potential costs such as conflict, communication barriers, and resistance to change. To capitalize on the benefits and minimize the potential costs of diversity within an organization, organizations need to implement effective diversity management practices and foster a culture of inclusivity. Here are some ways to capitalize on the benefits and minimize the potential costs of diversity within an organization based on the academic literature:
1. Implement effective diversity management practices: Diversity management practices that are effective include creating a diversity strategy, providing diversity training, and monitoring progress. A diversity strategy should outline how diversity will be managed in the organization. Diversity training should be provided to all employees to help them understand the importance of diversity and how to work with diverse colleagues. Monitoring progress involves measuring diversity in the workplace, setting diversity targets, and tracking progress against those targets.
2. Foster a culture of inclusivity: Organizations should foster a culture of inclusivity to ensure that all employees feel valued and respected. This can be done by promoting open communication, encouraging collaboration, and recognizing the contributions of all employees. Organizations should also provide support to employees from diverse backgrounds, such as mentoring programs, to help them succeed in the workplace.
3. Encourage diversity of thought: Organizations should encourage diversity of thought to drive innovation and creativity. This can be done by promoting diverse perspectives and encouraging employees to share their ideas and opinions. Organizations should also provide opportunities for employees to learn from each other and work on diverse teams.
4. Address potential costs: Organizations should address potential costs of diversity by addressing communication barriers, conflict, and resistance to change. This can be done by promoting open communication, providing conflict resolution training, and addressing resistance to change through education and training.
In conclusion, diversity programs can contribute to performance improvement and competitive advantage in organizations. However, to capitalize on the benefits and minimize the potential costs of diversity, organizations need to implement effective diversity management practices and foster a culture of inclusivity. By doing so, organizations can create a more diverse and inclusive workplace that benefits all employees and drives innovation and creativity.
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On July 1, 2021, Bonita Industries issued 3500 of its 10%, $1,000 bonds at 99 plus accrued interest. The bonds are dated April 1, 2021 and mature on April 1, 2031. Interest is payable semiannually on April 1 and October 1. What amount did Bonita receive from the bond issuance
Answer:
On July 1, Year 1, Howe Corp. issued 300 of its 10%, $1,000 bonds at 99 plus accrued interest.
The bonds are dated April 1, year 1 and mature on April 1, year 11. Interest is payable semiannually on April 1 and October 1.
What amount did Howe receive from the bond issuance?
a) $304,500
b) $300,000
c) $297,000
d) $289,500
a) $304,500
The amount received is the price of the bonds plus interest from April 1, the bond date, to July 1, the issue date:
Amount received = .99(300)($1,000) + .10(3/12 year)(300)($1,000) = $304,500
The second term in the above calculation uses 3/12 of a year, which is the portion of a year between April 1 and July 1.
A factory sells backpacks for $40. 00 each. The cost to make 1 backpack is $10. 0. In addition to the costs of making backpacks, the factory has operating expenses of $12,000 per week. The factory's goal is to make a profit of at least $980 each week. What is the minimum number of backpacks the factory must sell in order to meet the weekly goal?.
The minimum number of backpacks the factory must sell in order to meet the weekly goal of making profits of $980 each week would be 433 bags.
What is the calculation of the number of bags?
The selling price of one bad is $40 and its production cost is $10. Finally, it has operating expenses of $12,000 per week.
Therefore, the computation would be as follows:
\(980= (40-10)x - 12000\\980=30x - 12000\\12,980=30x\)
Finally, to get the value of X, divide both sides with 30;
\(\frac{12980}{30} =\frac{30x}{30} \\x=432.67\)
Therefore, the company is required to sell 433 backpacks weekly.
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Which letter represents consumer surplus with trade, but before the tariff
The quote that best supports answer to Part A is a coupon is voucher or document that entitles holder to a discount, rebate, or other special offer on particular product or service.
What is a rebate?A rebate is a partial refund or discount offered by a seller or manufacturer to incentivize a purchase or compensate for an overpayment. It is usually offered in the form of cash, a gift card, or a voucher that can be redeemed against future purchases. Rebates are often used to boost sales, particularly for high-priced items or during slow sales periods. The rebate amount may be a fixed amount or a percentage of the purchase price. To receive a rebate, a customer typically needs to provide proof of purchase, such as a receipt or invoice, and follow specific instructions on how to claim the rebate. Rebates can be a great way for consumers to save money, but it's important to read the terms and conditions carefully to avoid any hidden fees or restrictions.
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Devon was surprised that his pay check was less than he had expected. His
paycheck was reduced because
had been withheld by his employer.
OA. incentives
B. commissions
C. gross pay
OD. deductions
The answer is C. Gross pay. Devon's paycheck was reduced because it had been withheld by his employer as gross payment.
"Gross pay" mean?Before any taxes, benefits, or other payroll deductions are done , an employee's gross salary is what they are paid. Net pay, often known as take-home pay, is the amount that is given after all withholdings have been taken into consideration.
Calculate my gross pay?Start by determining the total amount need for each pay period in order to see an employee's gross compensation. Hourly workers multiply their total hours worked by their hourly rate, plus any overtime. Employees on a salary split their yearly earnings by the number of pay periods.
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When determining the amount of cash payments for manufacturing overhead, which costs are removed from the budgeted manufacturing overhead?
When determining the number of cash payments for manufacturing overhead, Depreciation is removed from the budgeted manufacturing overhead.
What is depreciation in accounting?
Depreciation is allocated across the asset's estimated useful life in order to charge a reasonable portion of the depreciable amount for each accounting period. Depreciation includes the amortization of assets with predetermined useful lifetimes.
How to calculate manufacturing overhead?
You must total up all indirect costs associated with the manufacturing of a product to determine manufacturing overhead. This covers the price of depreciation, factory supplies, electricity, insurance, maintenance of machines, indirect materials and labor, and more.
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In a market economy, equilibrium stays constant and never moves.
True or false
Answer:
false
Explanation:
there is always change in equilibrium any time demand or supply changes.
Help me
Can any one answer me these