A free enterprise system refers to:______.
a. Economic assets that are privately owned and exchanged in an open market.
b. Property ownership by a centralized government.
c. A mix of privately owned and government controlled economic assets.
A free enterprise system refers to : Economic assets that are privately owned and exchanged in an open market.
What is a free enterprise system?A free enterprise system refers to an economy, where the market determines prices, products, and services as compared to the government. This means that businesses and services are free of government control.
The free enterprise system allows for the privilege of individual ownership of property and the means of production.
Hence, a free enterprise system refers to economic assets that are privately owned and exchanged in an open market.
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In one sentence, explain what would happen to the market value of professional baseball players if fewer fans watched baseball games.
If fewer fans watch baseball games, the market value of professional baseball players would fall.
What is the impact of fewer fans watching baseball games?If fewer fans watch baseball games, the income earned from selling baseball tickets would decline as less tickets would be sold.
As a result of the reduced income from the sales of baseball tickets, the income that processional baseball players would earn would decline. This would decline their market value.
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According to Walt Rostow's modernization model, a country becomes developed when __________. A. it becomes agriculturally self-sufficient B. it mobilizes capital for business investments, thereby increasing its exports C. it has a high literacy rate and widespread access to education for people of all social classes D. it has an economy based on the production of goods and services demanded by the global economy Please select the best answer from the choices provided. A B C D
A country becomes developed according to Walt Rostow's when : An economy based on the production of goods and services demanded by the global economy.
What is economic development?Economic development can be defined as increase in the income and standard of living of people in a country. It means enhancing the prosperity and quality of life for all residents within a country.
According to Walt Rostow's, when there is global demand for a country's produce, there is an economic development.
Hence, a country becomes developed according to Walt Rostow's when an economy based on the production of goods and services demanded by the global economy.
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Answer:
D
Explanation:
it has an economy based on the production of goods and services demanded by the global economy
Over the next few years, many organization will be collecting vast amounts of data on their employees ranging from engagement to
Over the next few years, many organizations will be collecting vast amounts of data on their employees ranging from engagement to well-being.
How is Big Data Collected?Much of the big data that employees, persons, organizations generate come from three major sources:
Machine DataTransactional DataSocial DataData collection and analysis provide insights that are useful for strategic decision-making. This is why organizations are looking to collect and analyze them.
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Merv is a bulldozer operator. He was hired by Carla to fill in a swampland on her property and they signed a contract for him to do it on March 1st. On February 28th, Merv is informed by a city official that the swampland Carla wanted filled in is protected wetlands and it would violate environmental law to do the job. If Merv then calls Carla telling her the deal is off and Carla threatens to sue for breach of contract, what result
If Merv calls Carla telling her the deal is off and Carla threatens to sue for breach of contract, the result is:
The contrails void, Carla losesWhat is a Contract?This refers to the legally binding agreement between two or more people about a particular request or work.
With this in mind, we can see that because Merv is hired by Carla to fill a swampland and he is later informed that the land is in protected wetlands, this makes the contract void and Carla loses because it is not of the doing of Merv.
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When more firms enter an industry:_____.
a. the industry supply curve will shift right.
b. the amount produced by each of the new firms will be less than the amount produced by each of the original firms.
c. the amount produced by each of the new firms will be greater than the amount produced by each of the original firms.
d. the industry supply curve will shift left.
Answer:
A, the industry supply curve will shift to the right
Explanation:
due to the increase in firms, the suppliers will have to produce more product for these firms.
What was the ending balance?
A.) $597.35
B.)$715.26
C.)$751.58
D.)$880.88
Answer:
C
Explanation:
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The strategic target of a best-cost provider is:____________
a) extremely price-conscious buyers in a lower market range.
b) value-conscious buyers in a high-end market range.
c) value-conscious buyers in a middle-market range.
d) value-conscious buyers in a lower market range.
e) a narrow market niche where buyers' needs and preferences are distinctively different.
It should be noted that the strategic target of a best-cost provider is c) value-conscious buyers in a middle-market range.
What is best-cost strategy all about?A best-cost strategy can be regarded as one where there is an offering of customers a better value for money and this done by pay attention on low cost and upscale difference.
The purpose of best-cost strategy is to keep costs and prices lower.
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When interest rates are high, consumers have a greater incentive to ______ more, but when interest rates are low, consumer have a greater incentive to ______. M
a. buy; sell
b. borrow; save
c. sell; buy
d. save; borrow
When interest rates are high, then the consumers have a greater incentive to save more, but when interest rates are low, consumer have a greater incentive to borrow more.
What is Interest Rate?This refers to the charge which is given for a particular loan which is replayed after a certain time.
With this in mind, high interest rates are not appealing to customers so they rather save and then borrow when the interest rates are low.
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In 2022, Cooke Corporation had cash receipts of $46,000 and cash disbursements of $22,000. Cooke's ending cash balance at December 31, 2022, was $78,000. What was Cooke's beginning cash balance
Answer:
54,000,000
Explanation:
Straight to the point
If you saw an advertisement for an electric car that boasted 500 miles between battery charges, what form of non-price competition would that be?.
Non-price competition is a marketing strategy in which one firm tries to distinguish its product or service from competing products on the basis of attributes like design and workmanship. Consequently, the answer is:
advertisement- physical characteristicsAdvertisingThe most common or basic form of non-price competition is advertising. Non-price competition in economics consists of expenditures that are promotional such as sales promotion, coupons, advertising, and others. It also consists of the development of the new products, marketing research, and costs of brand management.
Therefore, the correct answer is given above.
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Which of the following describes the
situation in which a business cannot sell all of
the products it has produced?
A. consumer surplus
B. producer surplus
D. profit surplus
C. demand surplus
Answer:
consumer surplussurplussurplus
Explanation:
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True or false: A company may use LIFO or weighted average for financial reporting even if its goods flow physically on a FIFO basis.
It is true to the claim that a company may use LIFO or weighted average for financial reporting even the needed goods flow physically via FIFO means.
What are LIFO and Weighted Average?The weighted average approach, which is primarily used to allocate the average cost of production to a certain product, is most usually used when inventory items are so interconnected that assigning a precise cost to an individual unit becomes problematic.
The first-in, first-out (FIFO) approach depends on a cost flow assumption that eliminates expenses from the inventory account.
The Last in, first-out (LIFO) accounting presupposes that the most recently purchased products are the first to be sold.
However, it is true to the claim that a company may use LIFO or weighted average for financial reporting even the needed goods flow physically via FIFO means.
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A hailstorm destroys almost all of the wheat in Minnesota. What will happen to the price and quantity of wheat sold in the U.S.
As a result of the hailstorm, the price of wheat will increase and the quantity of wheat sold would decrease.
What would be the impact of the hailstorm on the supply of wheat?As a result of the hailstorm, wheat farms would be negatively affected. The hailstorm would most likely destroy wheat farms. As a result, the supply of wheat would decline and the price of wheat would increase.
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g If Marjorie Wilcox borrows $300 for one year with an APR of 21% and an annual service fee of $6, what is her total cost of credit
Based on the information given her total cost of credit is $69.
Total cost of creditUsing this formula
Total cost of credit =(Amount borrowed×APR)+Annual service
Where:
Amount borrowed=$300
APR=21%
Annual service=$6
Let plug in the formula
Total cost of credit=($300×21%)+$6
Total cost of credit =$63+$6
Total cost of credit=$69
Inconclusions her total cost of credit is $69.
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A product has a selling price of $10 per unit, variable expenses of $6 per unit and total fixed costs of $35,000. If 10,000 units are sold, net operating income will be $_______.
The net operating income on a product sold for $10 per unit is $5,000.
What is the net operating income?Net operating income(NOI) is the profit margin of an income-producing asset before any financing or tax charges are factored in.
The net operating income is computed by Subtracting all operational expenditures from all money collected on a property.
Mathematically;
NOI = ($10 - $6) × 10,000 - $35,000
NOI = $5,000.
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Willow Corp. (a C corporation) reported taxable income before the net operating loss deduction (NOL) in the amount of $100,000 in 2020. Willow had an NOL carryover of $90,000 to 2020. How much tax will Willow Corp. pay in 2020, what is its NOL carryover to 2021, and when will the NOL expire under the following assumptions?
a. $50,000 of the NOL was generated in 2016 and $40,000 of the NOL was generated in 2017.
b. $50,000 of the NOL was generated in 2018 and $40,000 was generated in 2019. Assume that Willow elects to forgo the carryback period on all NOLs eligible for carryback.
Willow Corp NOL carryover to 2021 (year 4) is $10,000
How to calculate Willow Corp NOL carryover to year 4Year 3 income = $100,000Carry forward losses:
Year 1 = $50,000Year 2 = $40,000Total carry forward losses = $50,000 + $40,000
= $90,000
Eligible carry forward loss = $100,000 × 80%
= $100,000 × 0.8
= $80,000
Willow Corp tax liability in year 3 = $100,000 - $80,000 × 21%
= $20,000 × 21%
= 20,000 × 0.21
= $4,200
Willow Corp NOL carryover to year 4 = Total carry forward losses - Eligible carry forward loss
= $90,000 - $80,000
= $10,000
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Herzberg studied job-related factors as they relate to.
The main factor which Herzberg studied uh job related factors was their relationship to motivation.
What is Motivation?This refers to the factors which spurs on a person to behave in a certain way or perform certain tasks.
With this in mind, we can see that Herzberg was an expert in motivation and their effect on people and he evaluated job related factors.
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Help me with this one two , still not sure what to do here
Answer:
NEED CORRECT IN FORMATION BECAUS NOT EASY TO SOLVE
Explanation:
Social considerations beyond GDP are important, but they are difficult to quantify and they do involve __________value judgments.
Answer:
Snow fell from 6:30 a.m. to 11:00 a.m, accumulating at a constant rate. At 8:00 a.m., the snow was 8 inches deep. By 11:00 a.m., it was 20 inches deep.
How much snow fell each hour?
inches
How much snow was already on the ground at 6:30 a.m.?
Explanation:
Dr. Gonzales is concerned that including income, education, and occupational status, but not wealth, into a measure of socioeconomic status is problematic. Which type of validity is Dr. Gonzales concerned with?
The type of validity is Dr. Gonzales concerned wit is known as Content validity.
What is Content validity?Content validity is known to be one that is interested in coverage, or how well a specific element is taking all the different meanings of a single idea.
A multidimensional concept is one that is based on a key challenge to valid measurement..
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When people from the United States travel to countries in Europe, they might check to see how the U.S. dollar compares to the euro. In doing so, they are checking ______.
People often travel a lot. In doing the above, they are checking the currency exchange rate.
What is the currency exchange rate?An exchange rate is known to be the value of a country's currency versus. that of any other country or economic zone.
A lot of exchange rates are said to be free-floating and will sometimes rise or fall due to supply and demand in the market.
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The president of the Northwoods University student body made a formal request to the IT department for additional computers in the main computer lab. The student body president is the ________ in the buying center.
A. initiator
B. gatekeeper
C. decider
D. buyer
E. gateway
Because of the formal request made, the President of the University is the:
A. initiatorWho is an Initiator?This refers to a person who makes the first offer for a thing or starts off negotiations or requests.
With this in mind and from the given question, we can see that because the president of the University made the formal request for additional computers, then he is the initiator.
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Jeff drives his car and travels 60 km east, then comes
back and travels 30 km west all in 2 hours. Find the –
´ Total
distance covered,
´ Average
speed,
´ Total
displacement, and
´ Average
Velocity
wrong or nonsense = report
Answer:
Average speed
Explanation:
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Option A to buy a house has a monthly cost of 618 dollars, up-front cost of 24,000 dollars, and advantages of a home equity and a yard for a pet. Option B to rent close to work has a monthly cost of 950 dollars, up-front cost of 1,900, and advantages of convenient location, garage, and pool. Option C to rent further out has a monthly cost of 600 dollars, up-front cost of 1,200, and advantages of 2 bedrooms, light-rail, and pool. Based on your budget, which housing option is the best financial decision for you? Explain your answer in at least two sentences.
The housing option that would result in the least cost will be the best financial decision. Option C is the best fit for the requirement.
What is Financing decision?Financing decision is a management term that involves decisions regarding the type of finance, the acquistion of asset, interest analysis, and so on.
The financing decision regarding buy or rent of a house can be taken after analysing the cost involved in all the options.
The cost involved in Option A for a year is:
[tex]\rm Total\:cost = Monthly \:cost + Up-front\:cost\\\\\rm Total\:cost = (\$618\times 12) + \$24,000\\\\\rm Total\:cost = \$7,416 + \$24,000\\\\\rm Total\:cost = \$33,608[/tex]
The cost involved in Option B for a year is:
[tex]\rm Total\:cost = Monthly \:cost + Up-front\:cost\\\\\rm Total\:cost = (\$950\times 12) + \$1,900\\\\\rm Total\:cost = \$11,400 + \$1,900\\\\\rm Total\:cost = \$13,300[/tex]
The cost involved in Option C for a year is:
[tex]\rm Total\:cost = Monthly \:cost + Up-front\:cost\\\\\rm Total\:cost = (\$600\times 12) + \$1,200\\\\\rm Total\:cost = \$7,2 00+ \$1,900\\\\\rm Total\:cost = \$8,400[/tex]
The option C is the most profitable one since it involves least cost. The monthly cost and the up-front cost together makes up the total cost.
If we consider the budget for 1 year, Option C will have least impact on the budgeted income and net profits.
Therefore Option C is the best financial decision.
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Answer:
Option C, the apartment on the light-rail line, is the best choice because it fits within my housing budget. Buying a home (Option A) is not possible, because I do not have enough saved for a down payment. Option B is close to my work, but it is more expensive and will not fit in my budget.
Explanation:
sample response
Using the aging of receivables method, an unadjusted Allowance for Doubtful Accounts will have a debit balance when the amount of write offs recorded during the period is ______ the amount estimated to uncollectible in the prior accounting period. Multiple choice question.
Using the aging of receivables method, an unadjusted Allowance for Doubtful Accounts will have a debit balance when the amount of write offs recorded during the period is greater than the amount estimated to uncollectible in the prior accounting period.
What is the aging of receivables method?The aging of receivables method is a method of accounting for Allowances for Doubtful Accounts whereby the ages of uncollected receivables are indicated in order to assess the accounts that are past due to be treated as uncollectible allowances.
An entity can adopt either the aging method or the percentage method to estimate the amount of its uncollectible accounts.
Thus, the unadjusted Allowance for Doubtful Accounts will have a debit balance when the amount of write offs recorded during the period is greater than the amount estimated to uncollectible in the prior accounting period.
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Why do you feel we should choose to hire you over other candidates?*
1
Answer:
Because you have a unique skill that they will need.
Explanation:
The financial records of Sheffield Inc. were destroyed by fire at the end of 2020. Fortunately, the controller had kept certain statistical data related to the income statement as follows. 1. The beginning merchandise inventory was $99,360 and decreased 20% during the current year. 2. Sales discounts amount to $18,700. 3. 19,090 shares of common stock were outstanding for the entire year. 4. Interest expense was $20,400. 5. The income tax rate is 30%. 6. Cost of goods sold amounts to $460,000. 7. Administrative expenses are 20% of cost of goods sold but only 8% of gross sales. 8. Four-fifths of the operating expenses relate to sales activities. From the foregoing information prepare an income statement for the year 2020 in single-step form. (Round earnings per share to 2 decimal places, e.g. 1.48.)
SHEFFIELD INC.
Income Statement
Based on the information given SHEFFIELD INC. income statement is $133,630.
Income statementSHEFFIELD INC. income statement for the year ended December 31 2020
Revenues
Net sales $1,131,300
[(20%×$460,000)÷8%-$18,700[]
Expenses
Cost of goods sold $460,000
Selling expenses $368,000
[(5×$92,000)-$92,000]
Administrative expenses $92,000
(20%×$460,000)
Interest expense $20,400
Total expense $940,400
Income before income tax $190,900
( $1,131,300-$940,400)
Income tax expense $57,270
(30%×$190,900)
Net income/Loss $133,630
($190,900-$57,270)
Earning per share $7
( $133,630/$19,090)
Inconclusion SHEFFIELD INC. income statement is $133,630.
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The production possibilities frontier will shift outward Part 8 A. if resources are not used in production. B. . C. if resources are used to produce consumption goods. D. . E. if production occurs outside the production possibilities frontier.
The production possibilities frontier will shift outward if resources are used to produce capital goods.
What makes the production possibilities curve to shift outward?The Outward or inward shifts in the PPF is known to be influenced by a lot of changes in the full amount of the needed production factors. It can also be due to advancements in technology.
When the total amount of production factors like labor or capital is known to go up, then the economy is said to be able to make more goods at any point.
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An organization's approach to reuse must be matched to its: objectives. strategic business goals. staffing. budget. business process.
It should be noted that an organization's approach to reuse must be matched to its strategic business goals.
What is strategic business goals?This are goals that is been set by the organization so that the organization can achieve their task.
Strategic goal can as well be regarded as long-term objective for a business,this is because it addresses long term challenge rather than a short-term tactic.
With theses strategies the business can improve the way it operates.
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