C. The decisions made by producers and consumers drive all economic choices.
The best statement is: The decisions made by producers and consumers drive all economic choices.
What is pure market economy?A pure market system involves the free exchange of goods and services and private ownership of property.
For a pure market economy, one of its distinct characteristic is that there is no government involvement in the market.
The above means that all economic choices and activities in a country are in control of private sectors.
Therefore, the decisions made by producers and consumers drive all economic choices best describes a pure market economy.
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Production is not complete Until goods
reaches the final Consumer Explain
Answer:
B. goods reached the final consumer
Multiple-choices
A. goods gets to the wholesaler
B. goods reached the final consumer
C. factors of production are combined
D. goods are ready for transportation
E. wholesalers ask the firms to produce
Explanation:
Like all other businesses, a firm that produces goods for sale is driven by profit motives. The producer's main objective is to make goods that satisfy the customer's need and make profits. For this objective to be met, the producer must find a way of getting the goods to the consumer.
A marketing distribution channel or the distribution channel is the avenue producers use to deliver their products to final consumers. The channel has businesses ranging from distributors, wholesalers to retailers. The retailer is the final trader who sells directly to consumers. It is the consumer that pays the price for the goods, thereby earning the producer their profits.
Engineering Chiefs, a large U.S.-based mechanical engineering firm, wants to enter the global market.
Upon careful analysis of the market, they will find that global trade
(1 point)
A. opportunities are diminishing.
B. is dominated by emerging, developing countries.
C. is likely to be severely restricted in the future by nontariff trade barriers.
D. is big business today and is expected to be more important in the future.
Answer:
D. is big business today and is expected to be more important in the future.
Explanation:
Advancement in technology, improved logistics and transports networks, and cooperation between countries are some of the reasons making international trade grow exponentially. The flow of people and commodities across borders is much faster and easier in modern times. Many countries also have liberalized their economies, resulting in fewer restrictions on imports and exports.
Due to these reasons, international trade has become very competitive. The quantities and value of international trade are increasing and will continue to grow. The interdependence of firms in and countries mean that international trade will remain important.
Wrote off an uncollectible account for $650. Provided $88,000 of services on account. Provided $32,000 of services and collected cash. Collected $81,000 cash from accounts receivable. Paid $65,000 of salaries expense for the year. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible. d-1. Organize the transaction data in accounts under an accounting equation. d-2. Prepare an income statement for 2019. d-3. Prepare the statement of changes in stockholders' equity for 2019. d-4. Prepare the balance sheet for 2019. d-5. Prepare the statement of cash flows for 2019. d-6. What is the net realizable value of the accounts receivable at December 31, 2019?
Answer:
This question is incomplete. Since it is missing most of the information, I looked for a similar question and found this:
2018:
Issued $10,000 of common stock for cash. Provided $78,000 of services on account. Provided $36,000 of services and received cash. Collected $69,000 cash from accounts receivable. Paid $38,000 of salaries expense for the year. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible. Closed the revenue account. Closed the expense account.
2019:
Wrote off an uncollectible account for $650. Provided $88,000 of services on account. Provided $32,000 of services and collected cash. Collected $81,000 cash from accounts receivable. Paid $65,000 of salaries expense for the year. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible.journal entries 2018Issued $10,000 of common stock for cash.
Dr cash 10,000
Cr common stock 10,000
Provided $78,000 of services on account.
Dr accounts receivable 78,000
Cr service revenue 78,000
Provided $36,000 of services and received cash.
Dr cash 36,000
Cr service revenue 36,000
Collected $69,000 cash from accounts receivable.
Dr cash 69,000
Cr accounts receivable 69,000
Paid $38,000 of salaries expense for the year.
Dr wages expense 38,000
Cr cash 38,000
Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible.
Dr bad debt expense 450
Cr accounts receivable 450
Closed the revenue account. Closed the expense account.
Dr service revenue 114,000
Cr income summary 114,000
Dr income summary 38,450
Cr wages expense 38,000
Cr bad debt expense 450
Dr income summary 75,550
Cr retained earnings 75,550
income statement 2018
Service revenue $114,000
Expenses:
Wages $38,000 Bad debt $450 ($38,450)Net income $75,550
balance sheet 2018
Assets:
Cash $77,000
Accounts receivable $8,550
total assets $85,550
Equity:
Common stock $10,000
Retained earnings $75,550
total equity $85,550
statement of cash flows 2018
Cash flows form operating activities:
Net income $75,550
adjustments:
Increase in accounts receivable ($8,550)
net cash from operating activities $67,000
Cash flow from financing activities:
Common stocks issued $10,000
Net cash increase $77,000
beginning cash balance $0
Ending cash balance $87,000
journal entries 2019
Wrote off an uncollectible account for $650.
Dr bad debt expense 650
Cr accounts receivable 650
Provided $88,000 of services on account.
Dr accounts receivable 88,000
Cr service revenue 88,000
Provided $32,000 of services and collected cash.
Dr cash 32,000
Cr service revenue 32,000
Collected $81,000 cash from accounts receivable.
Dr cash 81,000
Cr accounts receivable 81,000
Paid $65,000 of salaries expense for the year.
Dr wages expense 65,000
Cr cash 65,000
Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible.
Dr bad debt expense 745
Cr accounts receivable 745
income statement 2019
Service revenue $120,000
Expenses:
Wages $65,000 Bad debt $1,395 ($38,450)Net income $53,605
balance sheet 2019
Assets:
Cash $125,000
Accounts receivable $14,155
total assets $139,155
Equity:
Common stock $10,000
Retained earnings $129,155
total equity $139,155
statement of cash flows 2019
Cash flows form operating activities:
Net income $53,605
adjustments:
Increase in accounts receivable ($5,605)
net cash from operating activities $48,000
Net cash increase $48,000
beginning cash balance $77,000
Ending cash balance $125,000
net realizable value accounts receivable
net realizable value of accounts receivable 2018 = $8,550
net realizable value of accounts receivable 2019 = $14,155
To increase tax revenue, the us government in 1932 imposed a 2 cent tax on checks written on bank account deposits (in today's dollars, this tax would amount to about 34 cents per check.)
a. How do you think the check tax affected the currency-deposit ratio? Explain
b. Use the model of the money supply under fractional-reserve banking to discuss how this tax affected the money supply
c. Many economist believe that a falling money supply was in part responsible for the severity of the great depression of the 1930s. From this perspective, was the check tax a good policy to implement in the middle of the great depression?
Answer:
A) by introducing the check tax, the government actually made the people use more cash and less checks in order to avoid paying the tax. This lead to an increase in the currency deposit ratio, which means that people have more cash and less money deposited in the banks.
B) since the currency deposit ration increased, banks had less money to borrow, which in turn decreased the money multiplier and the banks' ability to create money.
C) carrying out this policy was like engaging in a contractionary monetary policy which was a terrible idea. The government should have done the opposite and expand the money supply and the banks' ability to create money in order to boost economic growth.
The weather forecast calls for sunny skies tomorrow. What weather condition is associated with GOOD weather
Answer: Fair: A weather term implying no precipitation and no extreme conditions of clouds, visibility or wind.
Explanation:
If Adam orders a book from Store X, how much will he owe to the nearest cent? The tax rate only applies to the cost of the book. Comparison of Online Bookstores Store X Store Y Cost of book $17.00 $18.00 Tax rate 6% 8% Shipping 10% of cost of the book FREE
Answer:
$19.72
Explanation:
The costs associated with ordering from store X are
cost of the books $17tax rate 6%Shipping cost 10%The total cost that Adam will pay
a). cost of the book $17.00
b). 6% tax
=6/100 x $17
=0.06 x $17
=$1.02
c). The shipping rate 10%
=10/100 x $17
= 0.1 x $17
=1.7
Adam will pay =$17 +$ 1.02 +$ 1.7
=$19.72
Answer:
$19.72
Explanation:
1, Find tax:
17.00(0.06)=1.02
another way:
17.00(6/100)
2, find shipping:
17.00(0.10)=1.70
or:
17.00(10/100)
3, add:
original add tax add shipping
17 + 1.02 + 1.7= 19.72
Answer: $19.71
High government expenditures can lead to a bigger
revenue.
stimulus.
deficit.
surplus.
Answer:
deficit.
Explanation:
The term deficit describes the scenario where government expenditures exceed the projected revenues. It is when the government intends to spend more money than it can raise. Therefore, a deficit is when the government expenses are more than the revenue collected.
Defic contrasts with a surplus, which is a situation where revenues exceed expenses. The government borrows from the domestic and international markets to cover the shortfall associated with a
High government expenditures can lead to a bigger : Deficit
What is government expenditure?Government expenditure is the purchase of goods and services, which comprises public consumption and public investment.
The term deficit describes the scenario where government expenditures exceed the projected revenues. It is when the government intends to spend more money than it can raise.
Deficit arises because the government has engaged in extra spending projects like :
Infrastructure spending.Grants to businesses.Therefore, high government expenditures can lead to a bigger deficit.
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Hy plz help me ☺️spirit is needed to develop team spirit how?
Answer:
teheteheeeee
Explanation:
Which question can help a writer analyze a prompt and develop a claim for an argumentative essay?
Does the conclusion restate the claim?
What is the main purpose of the essay?
Is supporting evidence included?
Is the claim clearly stated?
the answer is b.
i took the test
The following question can help a writer analyze a prompt and develop a claim for an argumentative essay:
What is the main purpose of the essay?Argumentative essaysThe question mentioned can help you analyze a prompt and develop a claim for an argumentative essay because it makes the writer think about the reason they are writing an argumentative essay, what do they want to write about and what they want the reader to know about this specific topic.
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Do you think it is easy or difficult for
different types of personalities to work
together?
PLEASE HELP ME
Answer:
This question does not have a single possible answer, as it depends on whether the different personalities are antagonistic or complementary to define whether it is easy or difficult for people with these personalities to work together.
Thus, for example, if one person is irascible and the other is calm and understanding, most likely both personalities complement each other without problems and can work together. On the other hand, if a person with a haughty and arrogant personality is added to the irascible personality, it is most likely that both will give each other negative feedback, making it almost impossible to work together.
why do you think that continuing to add employees, stops to be effective at a certain point ?
who is johnny sins?
A - a doctor
B -dentist
C -firefighter
Answer:
A-doctor
Explanation:
What is one way a market economy affects the lives of private citizens?
Citizens can change jobs relatively easily.
Citizens cannot choose their own careers.
Citizens do not have to pay for their housing.
Citizens have little freedom and independence.
Answer:
A. citizens can change jobs relatively easily
Explanation:
Edge Test
A way the market economy affects the lives of private citizens is citizens can change jobs relatively easily.
What is the market economy?
A market economy is an economy where production decisions are made by the economic forces. There is little or no intervention of the government in production decisions.
Characteristics of a market economy:
Private ownership of means of productionfreedom of choice.To learn more about a market economy, please check: https://brainly.com/question/2343400
Fiber optics have been "too good for their own good," fueling an over-reliance on (wireless) cloud computing that now requires integrated photonics to relieve the increasing demands society makes of the technology. Can you think of another example where such a back-and-forth between a technology's capability and society's response has guided its evolution?
Answer:
Cell phones
Explanation:
If we go back a few years in time, a little over 30 years actually, cell phones were not smart and you could only talk with them. Actually, they were so big and heavy, that you could use them as hammers also. Motorola's first cell phone was as big as a shoe box and weighted around 2.5 pounds. Back then cell phones were expensive and very few people used them.
Fast forward a few years and smaller cell phones appear and 2G technology arrives. You could use a cell phone to call or message someone else. As cell phones got cheaper, more and more people started to use them and companies like AT&T started to collapse and you couldn't get a decent signal anywhere.
But cell phones would continue to improve and 3G was developed in order to satisfy the growing number of consumers. AT&Ts signal was still terrible. Blackberry came and phones started to get smarter. But as cell phones got smarter, more people wanted them. Then came Steve Jobs with the iPhone and demand grew so much that all the companies' systems collapsed (now all were as bad as AT&T).
That led to the introduction of 4G technology, but even before 4G technology is available everywhere, 5G technology has been developed. Finally, 5G technology is available in all the US (this year AT&T managed to do so, although Verizon did it earlier). But in other countries, 5G technology is already becoming obsolete and 6G is soon to be the standard.
Our everyday use of smart devices has forced technological advances to speed up. It took about 15 years for 2G to arrive, and then it took about 10 for 3G to be available. But in less than 15 years other countries have gone from 3G to 6G (China has already launched its 6G satellites which will start providing that technology).
fwweeeeee brainliest!!
Rachel earned $40.000 at her job last year. She pays 25% of her income as taxes. What amount did Rachel pay in taxes last year?
Answer:
10,000
Explanation:
25÷100= 0.25
0.25× 40,000= 10,000
Answer:
$10.000
Explanation:
You are welcome
Activity 4
எப்பMdwood
Erik wants to calculate the break-even point for the number of jobs needed for the new
transport service. He has given you the following figures for the first month of operation.
Fixed costs
£60.00
Variable costs for each job £3.50
Selling price for each job £18.50
The formula used to calculate the break-even point for each job is
Break-even point =
Fixed costs
(Selling price - variable cost)
(a) Using the figures given, calculate the break-even point.
(2)
Show your workings.
Answer:
=4 jobs
Explanation:
As per contribution margin theory,
the formula for calculating the break-even point is as below
Break-even point = fixed cost/ contribution margin per unit
for this transport service
Fixed costs £60
contribution margin per unit = selling price - variable expenses
= £18.50 - £3.50
=£15
Break-even points =£60/£15
=4 jobs
ALL demand are desires but all desires are not
demond.justify?
Answer:
Because desire is an individual or community request and it doesnt represent the entire market while demand is the request of of the market directly
Explanation:
HURRY PLEASE I WILL MARK BRAINLIEST (answer one by one please)
Lindsay needs to purchase a car. The car she wants to buy costs $8,000. She has saved $2,000 for her down payment. She is offered credit terms of 3% APR for a term of 3 years. Please calculate the following:
Blank 1: To purchase the car, what is the amount that Lindsay will need finance? (1 point)
Blank 2: In one year, how much interest will Lindsay pay on this loan? (1 point)
Blank 3: After three years, what will the actual/total cost of the car be in dollars? (3 points)
(down payment+amount financed+interest=actual cost of car)
Answer:
c
Explanation:
blank 1 400
blank 2 4800
blank three 8000
Explanation:
teheeheeee
Cactus cactus? or Bagel bagel?
Answer:
Both
Explanation:
please help (:
20 pts !!
I assume this is referring to the font point (pt) or the font size, for example, 11pt as you have on that image.
If this is referring to the name of the specific part of a word processing program to change font size please let me know and I will do some searching to find your answer.
Gaia’s gross pay per month is $2,895. Her deductions are listed in the table. Deduction Dollar Amount Federal Income Tax $324 State Income Tax $96 Social Security $126 Medicare $39 What is Gaia’s net pay each month? $2,310 $2,349 $2,475 $2,571
Answer:
$2,310
Explanation:
Net pay is obtained by deducting all expenses for the gross pay.
I.e., Gross pay - deductions = net pay
Gross pay = $2,895
Deductions are
Federal Income Tax $324
State Income Tax $96
Social Security $126
Medicare $39
Total deductions = $585
Net pay = $2,895 - $585
Net pay =$2,310
Answer:
hi the answer is A) 2,310
Explanation:
hope this helped
Pete is trying to get a loan. He has a credit score of 480. How is Pete’s lender likely to view this credit score? Pete is responsible and will pay the loan back on time. Pete is responsible but will not pay the loan back on time. Pete is irresponsible but will pay the loan back on time. Pete is irresponsible and will not pay the loan back on time.
Answer:
Pete is irresponsible and will not pay the loan back on time.
Explanation:
Borrowers can be classified into four groups depending on their credit scores. Credit score range from 300 to 850
Scores between 300 to 629: Bad
From 630 to 689: Fair
From 690 to 719: Good
From 720 t0 850 : Excellent
Pete is in the lower band of credit score. His credit score is very low. It could be a result of bad history in debt repayment. For this reason, lenders will assess him as a high-risk customer. Pete is poor at managing debts and is likely to default on future loans.
Answer:
D
edge 2021saaaa d feezsqqaazz
A person who fails to make loan payments on time is likely to face which
consequence?
A. Paying higher interest rates on future loans
B. Having his or her credit score greatly increased
C. Being arrested and charged with bank fraud
D. Being given a lower debt-to-income ratio
A person who fails to make loan payments on time is likely to face the consequence of paying higher interest rates on future loans. The correct option is A.
When a borrower fails to make loan payments on time, it can negatively affect their credit score. This can make it harder to obtain future loans or credit cards, and lenders may charge higher interest rates to compensate for the increased risk of lending to someone with a lower credit score.
It is important to note that failing to make loan payments on time does not typically result in being arrested and charged with bank fraud. However, it is important to communicate with the lender and work out a plan for repayment to avoid further consequences such as defaulting on the loan or having the loan sent to a debt collection agency.
Thus, the ideal selection is option A.
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In which market does a company's initial public offering (IPO) occur?
A primary
B. secondary
С. ОТС
D. NASDAQ
E. Bull Market
Answer:
A primary
Explanation:
The operations of the capital markets are categorized into primary and secondary markets. The primary market is where enterprises sell new bonds and equity to the public for the first time. A good example is the initial public offering (IPO). An IPO is a process of issuing out new shares of a corporation to the public for the first time.
The primary market is for new shares, bonds, and other money market securities issued for sale for the first time.
Describe the differences and similarities surrounding the circumstances that caused the financial crisis during the 1980s and the crisis of 2007.
Answer:
The financial crisis that began in the 1980s was the result of lax government regulations and management fraud that led to the closure of more than 1,000 savings and loans. The 2007 crisis was the result of risky mortgage loans and investments connected with those loans. In each case the situation resulted in borrowers’ inability to pay back loans and caused many to lose their homes due to foreclosure.
Explanation: Took the practice test on edge and this was the sample response. ^-^
Increased unemployment, loss of income and increased risk have been among the major social impacts of the crisis.
What do you mean by financial crisis?
A financial crisis is when financial instruments and assets fall sharply in value.
In the 1980s, The financial crisis that occurred was the result of government regulations and administrative fraud that resulted in the closure of savings and more than a thousand loans.
The crisis of 2007 was the result of risky home loans and investments related to those loans.
Thus,these are the differences and similarities of the financial crisis during the 1980s and the crisis of 2007.
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Erik's job is to negotiate the best price for his client, a retaller that sells high-end shoes. He approaches a shoe manufacturer with whom the retailer wants to carry out business. He tells the manufacturers that his client is willing to purchase 10 pairs of shoes of every size if they lower their price by 10 percent. What kind of intermediary is Erik?
A. distributor
B. consumer
C. wholesaler
D. broker
Answer:
D. broker
Explanation:
A broker is a person or a firm who organizes or arranges for financial transactions between two parties or more. A broker is an intermediary because they connect a willing seller to a willing buyer for a commission. Brokers do not take ownership of the products being transacted. They only create a link between buyers and sellers.
Erick is a broker. He acts on behalf of the retailer and connects them to the manufacturer.
Pls i need this fast!! 30 pts!!
What quality assurance activity is a purchasing manager responsible for?
A. Inspecting the quality of goods received from a supplier
B. Ensuring that the product design process includes high-quality materials
C. Overseeing the daily operations of suppliers to ensure their compliance with quality standards
D. Responding to service calls from customers whose products have quality issues
Answer:
A is the answer
Explanation:
Since it is the purchasing managers job to find the best supplier it is also their job to assure that the supplier doesn't only give a better price do to quality cutbacks because it would cost consumer relations if this is a problem they would have to change suppliers.
Answer:
i took the quiz and A is the correct answer
Explanation:
Do you like it? Should I add it as my background?
Answer:
yeah it's pretty and you should add it but the picture is a little grainy so i would suggest finding a similar photo (or the same one) but less grainy
Explanation:
Answer:
omg!! yass
Explanation:
Explain the levels of shariah rulings by giving examples of each relevant to the financial transaction.
Answer:
The levels of shariah rulings by giving examples of each relevant to the financial transaction is explained below in complete details.
Explanation:
Rules of Islamic Finance
The laws of Islamic finance adhere to the general sources of withdrawing Qimar and Maysir which are betting and gambling along with Gharar which is risk linked with exploitation and unfairness. This shuts access to the theory of interest and prevents the use of conventional debt-based devices. The Islamic financial system promotes risk-sharing, encourages entrepreneurship, discourages dangerous behavior, and emphasizes the sacredness of contracts.