All categories

2 years ago

An economic system:

Business

1 answer:

seropon [69]2 years ago

5 0

Answer:

B. is a particular set of institutional arrangements and a coordinating mechanism used to respond to the economizing problem.

Explanation:

Economic system -

It is the system that is responsible for the resource allocation , production and the distribution of the services and goods , is known as an Economic system .

Economic system includes - the institutions of decision-making , agencies .

It works to deal with the problem related to the economy of a country or society .

Hence , the correct option is ( b ) .

You might be interested in

The aggregate demand curve shows a ________ relationship between ________ and aggregate output ________.

dezoksy [38]

Why should i ever care just kidding

6 0

2 years ago

Midyear on July 31st, the Digby Corporation's balance sheet reported: Total Liabilities of $77.152 million Cash of $6.030 millio

jonny [76]

Answer:

$45.027 million

Explanation:

The accounting equation shows the relationship between the various elements of the balance sheet. These are the assets, liabilities and equity. It is given as

Assets = Liabilities + Equity

The owner's equity is made up of the common stock and retained earnings (which is the net income less dividend paid over the period).

Equity = $125.989 million - $77.152 million

= $48.837 million

Retained earnings = Equity - Common stock

= $48.837 million - $3.810 million

= $45.027 million

Digby Corporation's retained earnings is $45.027 million

5 0

2 years ago

Define the phrase "earnings management." under what conditions, if any, is earnings management acceptable? do auditors' responsi

12345 [234]

Earnings Management is the purposeful control of an organization's income through the abuse of bookkeeping strategies to pick up an advantage for the organization to the detriment of the individuals who depend on the monetary data. It is tangibly deceptive and distorts the money related soundness of the organization.
Earnings Management isn't worthy under any situation where the goal is to bamboozle clients of the money related proclamations. Under the Securities Exchange Act of 1934, anybody, regardless of whether straightforwardly or by implication, who distorts data regardless of the possibility that insignificant, is liable to an assortment of solutions for amending the circumstance per government securities laws. In the hazy area of GAAP, organizations can utilize the decision of devaluation strategies or stock valuation techniques and any adjustments in those strategies as long as they are unveiled. Any strategy changes in bookkeeping techniques are adequate as long as the monetary explanations are rehashed to demonstrate the impact of the change. The motivation behind a review is to give a sentiment to clients of money related articulations that the monetary proclamations are exhibited decently.

3 0

2 years ago

One way to prevent relapse is to recognize and use the tools we have to be active. what are some tools you have gained this seme

Cerrena [4.2K]

Maintaining an active lifestyle requires small but manageable changes in daily life. First of all, awareness is key. How many steps do you normally take? What do your work life and home life look like in terms of movement? Once someone knows what a typical day looks like, they can see where they are weak. Small changes can then be made, such as parking the car further from the store or taking walking breaks when sitting at the office desk for hours each day. Finally, an active lifestyle can be social. Being with friends does not have to revolve around food and drink; rather, friends can be enjoyed while playing leisurely sports (i.e., racquetball, tennis) or walking while conversing.

5 0

2 years ago

On January 1, 20Y8, Crabb & Co. sold land to ASP, Inc. and accepted a two-year, $500,000 face value note as payment. 6% inte

jeka94

Answer:

1. Discount

2. $449,298.47

3. $369,298.47 gain

4. land reduces by $80,000, investment increases by $449,298.47, reserves increases by $369,298.47

Explanation:

Question 1

Using the formula below

$Price=\frac{I_{1}}{1+r} +\frac{I_{2}+F}{(1+r)^{2}}$

where

I = interest rate, which is 6% of 500,000 = 30,000

F = Face value, 500,000

r = borrowing cost = 12%

Therefore, the price of the note at the time it was used for payment was

$Price=\frac{30,000}{1.12} +\frac{30,000+500,000}{(1.12)^{2}}$

= $449,298.47.

As the price is lower than the face value of the note, the note was issued at a discount.

Question 2

The fair market value of the note is $449,298.47, the compute price in question 1.

Question 3

The gain/loss on the sale of the land

= sale price - purchase price

= $449,298.47 - 80,000

= $369,298.47.

Question 4

The transaction would affect Crabb & Co's balance sheet as follows.

Asset side:

land reduces by $80,000

investment increases by $449,298.47

Equity & liabilities side:

reserves increases by $369,298.47

3 0

2 years ago