in this economic system, there is free labor market and individuals can own property, but the basic need of people, such as
Answers
Due to the lack of pure market economy, the majority of nations have a diversified economic structure. Because they tax citizens and businesses and regulate the economy, democracies are able to exist.
What does the word "economy" mean in its purest form?A community's resource allocation is ultimately determined by a collection of connected processes for production and consumption collectively referred to as an economy. The creation and consuming of items and services as a whole satisfy the needs of people who live and work there.
Which are some instances of economy?The traditional economy, which uses a country's traditions and history to direct the manufacture and distribution of goods, is a well-known illustration of an economy.A traditional economy's major pillars are farming, fisheries, and hunting.
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Related Questions
Do any of you wanna become a music artist when you grow up?
Answers
Answer:
yes!
Explanation: singing awesome
Rollins Company accumulates the following adjustment data at December 31 . (a) Service revenue eamed but unbilled totals $600. (b) Store supplies of $300 are on hand. Supplies account shows $1,900 balance. (c) Utility expenses of $275 are unpaid. (d) Service revenue of $490 collected in advance has been eamed. (e) Salaries of $800 are unpaid. (f) Prepaid insurance totaling $400 has expired. Instructions (a) Prepare journal entries for each of the events above. (b) Indicate the type of adjustment (prepaid expense, uneamed revenue, accrued revenue, or accrued expense). Problem 3. In its first year of Operations Buddy Company earned $28,000 in service revenue, $6,000 of which was on account and still outstanding at year-end. The remaining $22,000 was received in cash from customers. The company incurred operating expenses of $14,500. Of these expenses $13,000 were paid in cash; $1,500 was still owed on account at year-end. In addition, Buddy prepaid $3,600 for insurance coverage that would not be used until the second year of Operations. Instructions (a) Calculate the first year's net earnings under the cash basis of accounting, and calculate the first year's net earnings under the accrual basis of accounting. (b) Which basis of accounting (cash or accrual) provides more useful information for decision makers?
Answers
(a) The first year's net earnings under the cash basis of accounting is $9,000.
(b) The first year's net earnings under the accrual basis of accounting is $13,500.
Accrual basis of accounting provides more useful information for decision makers.
Journal entries for the events above are as follows:
(a) Debit: Service Revenue Accounts Receivable $600 Credit: $600
(b) Debit: Supplies Expense Supplies $300 Credit: $300
(c) Debit: Utility Expense Accounts Payable $275 Credit: $275
(d) Debit: Unearned Service Revenue Service Revenue $490 Credit: $490
(e) Debit: Salaries Expense Salaries Payable $800 Credit: $800
(f) Debit: Insurance Expense Prepaid Insurance $400 Credit: $400
The types of adjustments are as follows:
(a) Unearned revenue
(b) Prepaid expense
(c) Accrued expense
(d) Accrued revenue
(e) Accrued expense
(f) Prepaid expense
In its first year of operations, Buddy Company earned $28,000 in service revenue. $6,000 of the revenue was on account and still outstanding at year-end, while the remaining $22,000 was received in cash from customers. The company incurred operating expenses of $14,500, with $13,000 paid in cash and $1,500 still owed on account at year-end. Additionally, Buddy prepaid $3,600 for insurance coverage that would be used in the second year.
(a) The first year's net earnings under the cash basis of accounting is $9,000.
(b) The first year's net earnings under the accrual basis of accounting is $13,500.
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In the "Science of Stage Fright' video, one way to help with communication apprehension is to Wing it None of the above Panic Practice One responsibility of a communicator is to be prepared. According to your textbook, being prepared includes which of the following? Being concise and punctual Being organized Being clear All of the above Which of the following is NOT a way to practice active listening? Restate the message in your own words and ask if you understood correctly Maintain eye contact with the speaker Stop paying attention to the message because it does not match your ideas, values, and beliefs Ask clarifying questions to communication interest and further understandings
Answers
In the "Science of Stage Fright" video, one way to help with communication apprehension is not to the first option, "Wing it."
According to the textbook, being prepared as a communicator includes being concise and punctual, being organized, and being clear. Therefore, the correct answer is the last option, "All of the above."
In the "Science of Stage Fright" video, one way to help with communication apprehension is not to "Wing it."
Wing it refers to improvising or speaking without preparation, which can often lead to increased anxiety and a lack of clarity in communication.
According to the textbook, being prepared as a communicator includes being concise and punctual, being organized, and being clear. Therefore, the correct answer is "All of the above."
Regarding active listening, the following statement is NOT a way to practice active listening:
Stop paying attention to the message because it does not match your ideas, values, and beliefs.
Active listening involves fully engaging with the speaker and their message. It requires maintaining eye contact, restating the message in your own words to ensure understanding, and asking clarifying questions to show interest and enhance understanding. However, actively listening does not involve dismissing the message based on personal disagreement; instead, it involves respectfully considering and understanding different perspectives.
Therefore, the incorrect option is the third option, "Stop paying attention to the message because it does not match your ideas, values, and beliefs."
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the central business district attracts offices because of its
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The central business district attracts offices because of its strategic location and concentration of economic activities.
The summary of the answer is that the central business district attracts offices due to its advantageous location and concentration of economic activities. The central business district (CBD) is the commercial and financial hub of a city or urban area. It is typically characterized by high-rise buildings, office complexes, retail establishments, and a concentration of corporate headquarters, banks, and other businesses. Offices are attracted to the CBD for several reasons. Firstly, the CBD is often centrally located, making it easily accessible to transportation networks, including major highways, public transportation, and airports. This accessibility facilitates commuting and transportation for employees and clients, enhancing convenience and connectivity. Secondly, the CBD serves as a focal point for economic activities, with a concentration of businesses, financial institutions, and professional services.
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1. Who is an Antagonist?
Answers
Answer:
It's the person in the story who is kind of the 'bad guy'
Explanation:
They oppose the main character
Answer:
Hope it helps
Explanation:
a person who actively opposes or is hostile to someone or something; an adversary.
True or False: according to our lecture, doing research into industry trends is one way for a professional sales representative to position his/herself as an "equal" in a sales meeting
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you are going to deposit $4,000 in an account that pays .66 percent interest per quarter. how much will you have in 8 years?
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To find out how much money you'll have in 8 years after depositing $4,000 in an account that pays .66 percent interest per quarter, we need to apply the compound interest formula.
We will calculate this using the quarterly period. Here is the solution: We can find the quarterly rate of interest by dividing the annual rate by 4, as follows: Quarterly rate = 0.66/4 = 0.165%Now we can substitute these values in the compound interest formula and solve for the future value: FV = PV(1 + r/n)^(n*t)where: FV = future value (what we want to find)PV = present value ($4,000) r = rate of interest per period (0.165%)n = number of compounding periods per year (4) t = time (in years, 8)Plugging in the values: FV = $4,000(1 + 0.165/4)^(4*8)FV = $4,000(1.04125)^32FV = $4,000(2.0808)FV = $8,323.20So after 8 years, you will have $8,323.20 in your account if you deposit $4,000 in an account that pays .66 percent interest per quarter.
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Answer each part by using well-labelled graphs for the IS-LM, WS-PS and AS-AD models:
a) Assume that a large influx of refugees enter the workforce, who are prepared to work at lower
wages, explain how natural rate of unemployment would change. (7 marks)
b) Assume that the RBA decided to increase its price target, analyse how the economy would
adjust to a medium-run equilibrium. (8 marks)
c) Would your answer to (b) change if the economy was in a liquidity trap? Explain. (7 marks)
d) Suppose the Central Bank tries to persuade everyone that it is necessary that the Bank to raise interest rates. This would mark the end of the post-Lehman crisis era and the start of the return to "normal", thereby increasing people’s expectations of future interest rates. Explain what the effect would be today on equilibrium output. (8 marks)
Answers
a) A large influx of refugees entering the workforce, willing to work at lower wages, would likely impact the labor market. In the IS-LM model, this would be represented by a downward shift in the labor supply curve (WS) due to an increase in the number of available workers. This shift would result in a lower equilibrium real wage rate and a higher quantity of labor employed. The decrease in wages would also affect the LM curve (representing the money market equilibrium), causing it to shift downwards due to reduced income and increased savings.
b) If the Reserve Bank of Australia (RBA) decides to increase its price target, it indicates an expansionary monetary policy aimed at stimulating economic activity. In the AS-AD model, this would be represented as a rightward shift of the aggregate demand (AD) curve. As a result, both the price level and equilibrium output would increase. The economy would adjust in the medium-run by experiencing higher levels of output and employment.
c) If the economy is in a liquidity trap, it means that the nominal interest rate is already close to zero, and the central bank's conventional monetary policy tools are ineffective. In such a scenario, an increase in the RBA's price target would not have a significant impact on the economy. The IS-LM model would show a vertical LM curve, indicating a situation where changes in monetary policy do not affect interest rates or output. The economy would likely remain stuck in a low output and low-interest-rate environment.
d) If the Central Bank tries to persuade everyone that it is necessary to raise interest rates, it suggests a contractionary monetary policy stance. This action would affect people's expectations of future interest rates, leading to a shift in the IS curve. In the IS-LM model, this would result in a leftward shift of the IS curve, indicating a decrease in equilibrium output. The contractionary policy would reduce investment and consumption, leading to a lower level of output in the economy.
Please note that the described effects are general explanations based on economic theory. The actual magnitudes and dynamics of the changes would depend on various other factors and the specific characteristics of the economy under consideration.
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Clark company used the following data and the high-low method to determine that its variable cost per mile is $2. 50 and its fixed costs are $70,000
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Clark Corporation calculated its variable cost per mile and fixed expenses using the following data and the high-low technique.
What exactly is a corporation in business?
A corporation is a commercial entity whose shareholders elect a board of directors to manage the organization's operations. The corporation is responsible for the company's activities and finances; the shareholders are not. A corporation is a business or organization formed and led by a group of persons that is legally distinct from its stakeholders. A corporation (also known as a regular or C-corporation) is a legal entity distinct from the individuals who own it. Shareholders purchase shares of stock in corporations to invest money in them. They elect a board of directors who are legally accountable for the corporation's governance.
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According to globalizers, economic forces ________.
Question 2 options:
limit the power of government
care eclipsed by the power of government
work hand in hand with politics and culture
are weakened by globalization
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According to globalizers, economic forces work hand in hand with politics and culture.Economic forces work hand in hand with politics and culture according to globalizers.
This is due to the fact that globalization creates a global community, and the global economy operates as a single entity. Many of the world's largest businesses are multinational, with operations in a variety of nations and cultures, and these businesses influence international economic and political decision-making. The combination of cultural exchange and economic opportunity provided by globalization is seen as an opportunity by globalizers.
The power of governments is not limited by economic forces, according to globalizers. Government intervention in the economy may serve to enhance or obstruct economic growth, but the market's strength remains in its ability to provide consumers with a diverse selection of goods and services. The power of economic forces, however, is increased by globalization, as businesses from all over the world collaborate to share resources and improve their position in the global marketplace.
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How does decreasing your credit card balance affect your income statement? (1 point)
It increases your monthly expenses, increasing the amount you spend each month.
It increases your monthly expenses, giving you more money to spend on other things.
It decreases your monthly expenses, increasing the amount you spend each month.
It decreases your monthly expenses, giving you more money to spend on other things.
Answers
The way in which decreasing your credit card balance would affect your income statement is that: D. It decreases your monthly expenses, giving you more money to spend on other things.
What is a credit card?A credit card simply refers to a small, rectangular flat card that is issued by a financial institution to its eligible customers, in order to avail them an opportunity to purchase goods and services on credit, especially based on the agreement that this amount of money would be paid back at a specific time and interest rate.
Generally speaking, a credit card balance can be defined as the total amount of money that an individual owe his or her credit card company. This ultimately implies that, a decrease in credit card balance would cause a decrease in monthly expenses, which avails the credit card holder more money to spend on other things.
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Answer: 1. a loan from one entity electronically matched to another entity without a financial institution in the middle
2. a payday loan
3. an unsecured installment loan
4. It decreases your monthly expenses, giving you more money to spend on other things.
5. Determine or estimate the current value of everything you own.
6. Their ability to repay a loan
7. your prior record of paying your bills and paying off your debts
8. your age and gender
9. You can request one online or over the phone.
10. He should contact the credit bureau that issued the credit report, the companies that issued the seven fraudulent cards, his local police, and the federal government at identitytheft.gov.
11. -the lender that provided the incorrect information
-the credit bureau that prepared the report
12. right away
13. She won a $20 billion settlement for California homeowners whose homes were inappropriately foreclosed on.
14. The longer the term, the more you will pay in interest.
15. It will cost you less money overall.
16. A store credit card generally comes with a higher interest rate.
17. You will save money if you pay the balance off quickly.
18. -Clarifying the confusing language found on credit card applications.
-Forcing lending companies to disclose interest rates and hidden fees.
19. It banned credit card companies from raising interest rates after missed payments.
20. -a fixed annual charge for the use of a credit card
-a charge if the minimum payment is not paid by the due date
21. paying off the balance before interest can accrue
22. $30
23. Determine which card has the higher interest rate and pay the extra money to that card first.
Explanation: All these answers are correct!
Solve -42*r+27*c **random question*Help! Tutor me I need some halp with math please :)
Answers
Answer:
Wassup Okay so the answer is 4 okay I know this for fact trust :)
Explanation:
Imagine you are a training and development specialist.
You are tasked with creating a training workshop about strong meeting facilitation. Create an outline for this workshop.
Include:
Medium: Is your training in-person, webinar, online, or some other method? Objectives: What are your intended outcomes?
Outline: What information topics will you deliver on? What activities will you ask the people in the training to do, individually and in groups? How will the content be organized?
Deliverables: What will you have attendees produce or accomplish by the end of the training to show that they have absorbed the information?
Evaluation: What can you do at the end to measure participants' feelings about the training?
Answers
The goal of training session is to provide attendees with knowledge, skills, and understanding that they can apply in their work or personal lives.
What is training?Training is the process of teaching or learning a particular skill, knowledge, or behavior through practice and instruction. In the context of machine learning, training refers to the process of teaching a computer algorithm to recognize patterns and make predictions based on input data. During training, the algorithm is fed a large amount of data, along with the correct outputs, and it adjusts its parameters to minimize the difference between the predicted output and the actual output. This process is repeated over many iterations until the algorithm can accurately make predictions on new, unseen data. Training is a crucial step in developing effective machine learning models and is essential for a wide range of applications, from image recognition and natural language processing to self-driving cars and fraud detection.
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How does an entrepreneur demonstrate comfort with risk when launching a business?
Answers
Answer: There are five kinds of risk that entrepreneurs take as they begin starting their business. Those risks are: founder risk, product risk, market risk, competition risk, and sales execution risk. Founder risk considers who the founders of the company are, if they get along, and how they will work for the company.
Hope this helps......... Stay safe and have a Merry Christmas!!!!!!!! :D
Explanation:
What are the four main ingredients used when making beer? (Select all that apply)
Answers
The four main ingredients used when making beer are water, malted barley, hops, and yeast.
The most common element used by brewers is water. Without water, a bottle of beer could not be produced. It makes sense that brewers utilize the best ingredients because this ingredient is essential to the brewing process.
One of the primary components of beer is malt. The primary component utilized to determine the flavor of the beer is malt. Beer gets its starch from malt. Brewers have typically utilized malted grains or malted barley. Beer can range in color from golden to deep amber due to the varied degrees of roasting of the malted grain or barley.
Another essential component of beer is hops. Most beers utilize hop vine blooms, which give them their distinctive flavor. When producing beer, hops are also essential for preservation. Yeast is yet another crucial component. Yeast is a living thing with only one cell. To create various beer styles, more than 1,500 species of yeast, including lager yeasts, ale yeasts, and other yeast strains, are used. For the purpose of turning fermentable sugars into alcohol, brewers add yeast to the beer. Numerous bottles of beer can be produced using a single yeast strain repeatedly.
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Q09: Business Processes include which of the following? Workflow Controls Timing, Time Fences All choices Data Objectives
Answers
Business processes include workflow controls, timing, time fences, data objectives .Workflow Controls Timing, Time Fences All choices Data Objectives
Business processes refer to the systematic series of activities or steps that organizations undertake to achieve specific objectives. These processes encompass various elements, including workflow controls, which involve defining and managing the flow of tasks and information within the organization. Timing is crucial in business processes as it involves scheduling activities and ensuring they occur at the right time. Time fences are predetermined points in time that establish deadlines or limits for specific activities or decisions. Data objectives involve defining the desired outcomes and goals related to data management and utilization within the business processes.
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in 2014, what percentage of privately owned businesses were women owned?
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In 2014 , 40 % of privately owned businesses were women owned among the following . Option C is correct.
Exclusive alludes to a business or organization possessed by a shut circle of investors whose stock isn't sell able to outer financial backers. A company that is not controlled or owned by the government is also referred to as privately owned.
In addition, it is generally agreed that the primary objective of every private corporation—with the exception of those established for charitable or other non-profit purposes—is to generate profit—profit for the corporation and, by extension, for its shareholders or investors.
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Complete question as follows:
In 2014, what percentage of privately owned businesses were women owned?
a. 75%
b. 15%
c. 40%
d. 20%
What factors would the Marketing department need to consider when creating an advert❓❓❓
Answers
Answer:
1.weather
2.type of product
3.festival or period
4.means of advertising or communication
5.amout of consumers
6.markat value
Explanation:
hope it helps
What is a command economy controlled by?
Answers
Command economy is controlled by the Central Government.
A command economy is a key aspect of a political system in which a central governmental authority dictates the levels of production that are permissible and the prices that may be charged for goods and services. Most industries are publicly owned. The main alternative to a command economy is a free market system in which demand dictates production and prices. The command economy is a component of a communist political system, while a free market system exists in capitalist societies.
In a command economy, the central government dictates the level of production of goods and controls their distribution and prices. Proponents of command economies argue government control rather than private enterprise can ensure the fair distribution of goods and services.
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do any of yall like Pokémon
Answers
Answer:
yes
Explanation:
Answer:
Yes
Explanation:
I DO I FINISHED INDIGO LEAGUE AND NOW IM ON SUN MOON
Quail Company builds snowboards. Quail Company has reported the following costs for the previous year. Assume no production inventories.
Cost of fiberglass (raw material) $ 85,000
Factory rent $ 59,000
Advertising $ 134,000
Utilities for factory $ 12,000
Wages of assembly workers $ 91,000
Production supervisor salary $ 44,000
Sales manager salary $ 42,000
Factory property taxes $ 15,000
Depreciation on production equipment $ 30,000
Cost of bindings (raw material) $ 34,000
Screws $ 1,200
Wages of snowboard painters $ 78,000
Wages for maintenance workers $ 37,000
a. Compute the direct material costs.
b. Compute the direct labor cost.
c. Compute the manufacturing overhead.
d. Compute the total manufacturing cost.
e. Compute the prime cost.
f. Compute the conversion cost.
g. Compute the total period cost.
Answers
a. Compute the direct material costs
Explanation:
a. Compute the direct material costs
The market revolution brought an innovation in labor practices called ""piece work. "" what is the piece work system?.
Answers
Division of production into discrete steps performed by different workers is the piece work system.
Production is the technique of combining various material inputs and immaterial inputs if you want to make some thing for intake. it is the act of creating an output, an amazing or service which has fee and contributes to the utility of individuals
Manufacturing is the system of creating or manufacturing items and merchandise from uncooked materials or additives. In different words, manufacturing takes inputs and makes use of them to create an output which is healthy for consumption – a great or product which has price to an cease-user or client.
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1. Customer relations is often used interchangeably with the term?
Answers
Answer:
There are several terms used to refer to customer service: customer relations, customer care, etc., but the ones that are the most often used interchangeably are customer support and customer service. Many people don’t think about the difference between customer service and customer support.
Explanation:
hope this helps :))
If a company has net sales of $707000 and cost of goods sold of $445410, the gross profit percentage is:________
Answers
Answer:
thirty seven dollars..
. In 2000, KFC® and A&W® restaurants successfully merged because each had a strong
signature product: KFC’s fried chicken and A&W’s root beer floats.
Branding strategy used:
Answers
Explanation:
Co-branding is a form of branding that connects companies together. Essentially, co-branding is a marketing partnership between two or more businesses.
Will the grading period effect what college you will go to later on?
A (True)
B (False)
Answers
Answer: A
Explanation:
Answer:
NO
Explanation:
According to the following table, what is his hypothetical credit score?
A. 404
B. 575
C. 512
D. 440
Answers
the answer for your question is D:440
What determines if a consumer uses extended decision-making
(cognitive) process? What would be an example of this type of
consumer decision situation? What kind of consumer
decisions are most frequen
Answers
Extended decision-making (cognitive) process is typically employed by consumers when they encounter complex, high-involvement purchase decisions. Several factors influence the use of extended decision-making:
Degree of product involvement: When consumers are highly involved with a product or a purchase, they are more likely to engage in an extended decision-making process. High involvement can be driven by factors such as the importance of the purchase, personal relevance, and potential risks or consequences associated with the decision.
Information availability and complexity: Consumers are more likely to use extended decision-making when they face a lack of information or when the available information is complex, ambiguous, or requires substantial effort to process. The need to gather and evaluate information in such cases necessitates a more thorough decision-making process.
Perceived risk: If consumers perceive a purchase decision to be risky in terms of financial, social, performance, or psychological consequences, they are more inclined to engage in extended decision-making. The perceived risk prompts them to carefully evaluate alternatives and seek out detailed information to mitigate potential negative outcomes.
Purchase frequency: Extended decision-making is more common for infrequent or novel purchases. When consumers have limited experience with a product or are making a purchase for the first time, they tend to invest more cognitive effort and time in the decision-making process.
An example of a consumer decision situation that involves extended decision-making is purchasing a car. Buying a car is a complex and expensive decision that requires careful evaluation of various factors, such as performance, features, price, reliability, and brand reputation. Consumers often conduct extensive research, compare different models, read reviews, visit dealerships, and seek recommendations before making a final purchase decision.
While extended decision-making is employed in complex and high-involvement purchase situations, it is important to note that not all consumer decisions fall into this category. Routine decisions, such as purchasing everyday grocery items or personal care products, generally involve minimal cognitive effort and are more likely to be based on habit, convenience, or brand loyalty.
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Dont worry about me, I just added this answer so the other person can get their brainliest because they definetly deserve it
Answers
HI HI HI HI HI HI HI HI WATER IS H20
When fire alarm sounds. Why should you evacuate children immediately even if you do not see flames?
Answers
Answer: because even if there is no fire there could be an explosion, fire and gasoline WILL make an explosion. So Basically it can start with fire but soon turn into an explosion. If it's a fire DRILL then it's for practice if that actually does happen.