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QveST [7]
2 years ago
13

Item 5Item 5Chet Bowes owns his own landscaping business, including all the land on which the company grows its plants, and all

the equipment. Chet's son Josh has just graduated from college with an architectural landscaping degree. Chet hopes to retire in a few years and turn the business over to Josh, and Josh will inherit the business when Chet dies. This is an example of the ______________ in a capitalist system.
Business
1 answer:
grigory [225]2 years ago
6 0

Answer:

right to private property and inheritance

Explanation:

The capitalistic system states that individuals are allowed to own their and enjoy their own personal property. In each country laws generally subordinate the right to private property to the well being of society.  

The right to inheritance refers to the right that an individual has to decide who will own his/her properties after they pass away. Unless stated otherwise, a person's offsprings are generally entitled to inherit the person's properties.

In this case, Chet is entitled to own his landscaping business (private property) and when he passes away his son, Josh, will inherit it.

You might be interested in
Fishermen’s Corp. is considering purchasing a boat. If the boat was purchased, it is expected to receive $20,000 at the end of t
ozzi

Answer:

The boat today is worth 100,440 dollars

Explanation:

We need to solve for the present value of the payment Fishermen's Corp will receive for the boat:

We will apply the formula for lump sum to each \frac{Maturity}{(1 + rate)^{time} } = PV  

cash flow and then add them together

\frac{20,000}{(1 + 0.08)^{1} } = PV  

\frac{40,000}{(1 + 0.08)^{2} } = PV  

\frac{60,000}{(1 + 0.08)^{3} } = PV  

Year Nominal     Present Value

1 20000  18, 518

2 40000 34,293

3 60000 47,630

TOTAL            100,441

5 0
2 years ago
Indicate whether each of the following transactions represents an increase in net exports, a decrease in net exports, an increas
dlinn [17]

Answer:

A. Decrease net capital outflow

B. Increase in net exports

C. Decrease in net exports.

D. Increase net capital outflow.

Explanation:

A. When the Sony pension fund buys U.S treasury then there is a inflow of capital. Hence, this will decrease the net capital outflow.

B. The Sunkist oranges is purchased by the South Korean tourist from the american farmer will increase the exports of the U.S. Hence, there is an increase in the net exports.

C. When a Toyota is purchased by an American then this will increase the imports of United states and hence, there is a reduction in the net exports.

D. The shares of Sony are purchased by an american, so there is a outflow of capital and this will increase the net capital outflow.

7 0
2 years ago
Highly Suspect Corp. has current liabilities of $401,000, a quick ratio of 1.50, inventory turnover of 3.70, and a current ratio
Scrat [10]

Answer:

$3,115,770

Explanation:

Given:

Current ratio = 3.60

Current liabilities = $401, 000

Quick ratio = 1.50

Inventory turnover = 3.70

Current ratio is calculated by dividing your current assets by your current liabilities.

                     Current\ ratio = \frac{Current\ Assets}{Current\ Liabilities}

                                     3.60 = \frac{Current\ Assets}{401, 000}

                     Current Assets = 3.60 × 401,000

                                               = $1,443,600

                    Quick\ ratio = \frac{(Current\ Assets\ -\  Inventory)}{Current Liabilities}

                    1.50 = \frac{1,443,600\ -\  Inventory}{401,000}

                    1.50 × 401,000 = 1,443,600 - Inventory

                    601,500 = 1,443,600 - Inventory

                    Inventory = 1,443,600 - 601,500

                                     = $842,100

                    Inventory\ Turnover = \frac{Cost\ of\ Goods\ Sold}{Inventory}

                    3.70 = \frac{Cost\ of\ Goods\ Sold}{842,100}

                    Cost of Goods Sold = 3.70 × 842,100

                                                      = $3,115,770

8 0
2 years ago
Colin has been directed by his boss to determine if the company is meeting customers' service quality expectations. One of Colin
Naya [18.7K]

Answer:

The correct answer is intangible.

Explanation:

An intangible asset is a product or service that should not be physically delivered, but that provide us with a service. An intangible product, also called service, should not necessarily revolve around a physical product; There are also so-called pure services, that is, whoever buys a service is not buying something physical; Who buys or hires a service is paying for a transformation process.

8 0
2 years ago
What professional organization has developed and published a data quality management tool that defines a specific set of charact
-Dominant- [34]
I think it is b but I guess
7 0
2 years ago
Read 2 more answers
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