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nadya68 [22]
2 years ago
8

How does this information about the author influence your opinion about the reality of this source? Discuss at least one other t

ype of source or document that would help you analyze the benefits and drawbacks of free enterprise.
Business
2 answers:
Vinvika [58]2 years ago
6 0

The correct answer to this open question is the following.

Although the question is incomplete because it has no specific reference to any information or text, we can say the following.

Probably, the question refers to the author called Brooks, who expresses his arguments supporting Capitalism and the free enterprise system as the better form of an economic system. As he is a firm believer in the free enterprise system, his thoughts are biased.

So to have a better perspective, we need at least, another source on the subject. That is why I did my research and found a book that seems to be a good source of the free enterprise system. It is called "Capitalism and Freedom," written by economist Milton Friedman.

vaieri [72.5K]2 years ago
5 0

Answer:

Brooks is the president of an organization founded to protect the American free enterprise system. As a result, he is likely biased toward free enterprise and will be more likely to argue in its favor without considering its drawbacks. Another source that would be helpful would be an article that describes the negative economic and social characteristics of free enterprise.

Explanation:

You might be interested in
Devlin Manufacturing makes a single product. Expected manufacturing costs are as follows:Variable costsDirect materials $6.50 pe
expeople1 [14]

Answer:

Manufacturing cost:                                        $

Direct material ($6.50 x 3,200)                   20,800

Direct labour ($2.40 x 3,200)                     7,680

Manufacturing overhead ($1.10 x  3,200)   3,520

Supervisory salaries                                       13,600

Depreciation                                                 5,500

Other fixed costs                                          <u>2,200</u>

Total manufacturing cost                            <u> 53,300</u>

Explanation:

Total manufacturing cost is the aggregate of direct material, direct labour,variable manufacturing overhead and fixed costs. Fixed costs include supervisory salaries, depreciation and other fixed costs. Direct material cost per unit, direct labour cost per unit and manufacturing overhead cost per unit should be multiplied by the budgeted units per month.                      

7 0
2 years ago
RajDee Furniture Company (RFC) buys and sells office furniture. The company buys chairs from a manufacturer for $40 per unit. Or
skad [1K]

Answer:

(1) 2,28 units

(ii) 1,414 units

(iii) Minimum stock is less than EOQ.

Explanation:

(1) Units Ordered each time

Economic\ order\ Quantity=\sqrt{\frac{2\times A\times O}{C} }  

where,

A = Annual Requirement =40,000 Units

O = Ordering Cost = $200 Per unit

Minimum Stock for lead time:

= (40,000 Units × 10) ÷ 365

= 1096 (Approximately)

C=Annual Carrying cost per unit = $40 × 10%  × 1/2

                                                      = 2

Economic\ order\ Quantity=\sqrt{\frac{2\times 40,000\times 200}{2} }  

                                                  = 2828 Units

(2) Average Inventory = EOQ ÷ 2

                                    = 2828 Units ÷ 2

                                    = 1,414 Units

(3) If the Lead time Increase 10 to 15 days:

Minimum Stock Need to be Maintained:  

= Avg Daily Demand × Lead time

= (40,000 Units ÷ 365) × 15

= 1,644 Units

Minimum Stock is Less the EOQ , then Increasing Lead time to 15 Days Does not Have effect on EOQ.

8 0
2 years ago
Read 2 more answers
Harvey Automobiles uses a standard part in the manufacture of several of its trucks. The cost of producing 60,000 parts is $160,
Bas_tet [7]

Answer:

$55,000

Explanation:

The computation of the change in operating income is shown below:

= Buying cost - making cost

where,

Buying cost = Cost of producing parts × outside supplier per unit

                    = 60,000 parts × $3

                    = $180,000

And, the making cost would be

= Variable cost + fixed cost × given percentage

= $110,000 + $50,000 × 30%

= $110,000 + $15,000

= $125,000

So, the operating income would be

= $180,000 - $125,000

= $55,000

3 0
2 years ago
Marvin is a medical technician who administers stress tests. He has a low tolerance for ambiguity and is oriented toward task an
Mashcka [7]

Answer:

(b) Directive

Explanation:

A directive style is reasonable and dictatorial, which brings about the pioneer utilizing his very own insight, experience and judgment to pick the best other option.

A pioneer who utilizes a reasonable style centers around long haul results, conceptualizing of choices, inventive ways to deal with critical thinking and ready to take high risk.

6 0
2 years ago
A customer purchased bench from Harrington Stores for $1,250. The bench had originally cost Harrington $450. When the bench was
vovangra [49]

Answer:

Journal entry recorded by Harrington for this allowance:

Revenue $ 450 (debit)

Account Receivable / Cash $450 (credit)

Explanation:

Recording the Sale

When customer purchased bench from Harrington Stores for $1,250 the journal entry is shown as:

Account Receivable/Cash $1250(debit)

Revenue $ 1250 (credit)

This Journal recognises an Income - Revenue and an Asset - Account Receivable when to depict the flow of economic benefits into the entity

Cost of Sale $450 (debit)

Inventory $450(debit)

The above journal records the cost of sale and de-recognises the assets of inventory Bench after the sale is made.

Recording the Allowance

When the allowance is granted economic benefits are flowing out of the entity as a result of <em>decrease</em> in Assets of Cash or Assets of Account Receivable.

We also <em>derecognise </em>the revenue attached to the allowance

Revenue $ 450 (debit)

Account Receivable/Cash $450 (credit)

8 0
2 years ago
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