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lilavasa [31]
2 years ago
12

In a pure market economy: Question 8 options: A) production is determined by the interaction of supply and demand. B) the prices

at which goods are sold is determined by the government. C) collectivist goals are given priority over individual goals. D) all productive activities are owned by the state.
Business
1 answer:
LenaWriter [7]2 years ago
4 0

Answer:

A) production is determined by the interaction of supply and demand.

Explanation:

A  pure market economy is an economy where production decisions are made by the forces of demand and supply. there is no intervention of the government in production decisions

Characteristics of a  pure market economy

  • Private ownership of means of production
  • freedom of choice. Producers are free to produce what they desire
  • competition among producers
  • no government intervention.

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Rita and Jose Hernandez want to assess their financial progress over the next few years. They have decided to take a reading of
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Answer:

C. Balance sheet

Explanation:

If Rita and Jose want to assess their progress overtime and they want to read their status each year so, should prepare balance sheet for each year because balance sheet represent the organization's financial position. It tells us that what an organization had over the past years of business. All the income and losses of each year is accumulated in the balance sheet to show the net position at a point of time. Cash flow and federal income tax return are prepared to show the data specific period only.

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2 years ago
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Jones of San Diego sold Long of Baton Rouge a video system with a $6,000 list price. Sale terms were 2/10, n/30 FOB San Diego. J
kkurt [141]

Answer:

$4,835

Explanation:

The computation of the payment made by Long is shown below:

= Sale value of video system - discount + freight charges

where,

Discount = Sale value × discount rate

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Now put all the values to the above formula,

So, the value would be equal to

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2 years ago
The Baldwin company will continue to train their existing workforce at their current level to help reduce turnover and improve p
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Answer: $1,600

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From the Attached document, the Baldwin company does 80 hours of training for employees.

The Training costs per Employee is;

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2 years ago
On March 1, 2018, Shipley Resources entered into an agreement with the state of Alaska to obtain the rights to operate a mineral
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Answer:

B) $20,697.

Explanation:

For computing the accretion expense, first we have to determine the present value which is shown below:

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= $75,000 + $200,000 + $125,000

= $400,000

And, the PVIF would be 0.62092. Refer to the PVIF table

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= $400,000 ×  0.62092

= $248,368

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= $248,368 × 10% × 10 months ÷ 12 months

= $20,697

The 10 months are computed from March 1 to December 31 and we assume the books are closed on December 31

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2 years ago
It will cost $3,000 to acquire a small ice cream cart. cart sales are expected to be $1,400 a year for three years. after the th
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<span>It will cost $3,000 to acquire a small ice cream cart. cart sales are expected to be $1,400 a year for three years. after the three years, the cart is expected to be worthless as that is the expected remaining life of the cooling system. what is the payback period of the ice cream cart? 
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the answer is E.
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2 years ago
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