Characteristics of centrally deliberate economies pertain to ownership, sovereign selection making, rate setting, distribution, production, financial choice making, incentives, and political control.
Advantages of this economic system relate to rate control, wealth, and employment.
Which united states has centrally deliberate economy?China, Cuba, Vietnam, and Laos still hold a sturdy degree of economic planning, but they have also opened their economies to personal enterprise. Today, only North Korea can be accurately described as a command economy, although it additionally has a small degree of underground market activity.
The USSR is the quintessential example of a centrally planned economy.
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All of the economies must answer the three basic questions.
Explanation:
All economies have to answer the three basic economic questions. How that is done depends on who owns the factors of production (land, labor, capital, and entrepreneurship) and how decisions are made to coordinate production and distribution.
bill's brick company has just filed a new patent for a new machine to speed up brick production. the patent cost the company $40,000 in research and development fees throughout year 1. on july 1st, year 2, the company incurred $9,000 in legal fees and $6,000 in filing fees for the patent. upon filing the patent, bill's machine enjoys a 20 year life protected from patent infringement. using the information provided, record the journal entry for amortization expense related to the patent for year 2 (as of december 31). assume bill's brick company does not use a contra account to record amortization expense.
assume bill's brick company does not use a contra account to record amortization expense Journal entries.
Particulars Debit Credit
Amortization expense 375 375
Patent
Calculation of amortization expense for Year 2( from July 1st till 31st December)
=(9000 +6000)/20×6/12 =$375
Research and development costs are to be expensed, they are not capitalized.
In accounting, amortization is the systematic expense over the expected "useful economic lives" of intangible assets of the acquisition cost less the residual value to reflect their consumption, expiration, obsolescence, or other reduction in value due to usage or time. The process of amortization may also refer to its conclusion, as in "the tower's amortization was anticipated in 1734."
For tangible assets, depreciation is a comparable idea. The methodologies used to allocate depreciation to each accounting period are typically also used to allocate amortization. But certain intangible assets, including goodwill and specific brands, can be thought to have endless useful life and are therefore exempt from amortization.
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to enhance productivity, which tool may be used to collaborate and communicate with colleagues and customers?
Social media tools might be used to collaborate and communicate with colleagues and customers to enhance productivity.
You can use it for every aspect of your project, including joining your social media team, setting up various channels for sharing data, distributing tasks, and interacting. As well as having audio or video conversations, you may send private or group messages. One of the finest methods to promote your company on social media is through partnerships.
It promotes idea sharing and critical thinking and allows your marketing teams to have a conversation about the sort of content they want to produce and become recognized for. Collaborative thinking is fantastic for creative initiatives. With the use of collaboration technologies, employees may collaborate on a project even when they are not physically present. When they are on business trips, it facilitates good communication and makes project organization simple.
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prince waste collection pays a yearly dividend of $14.94 per share of stock. if prince waste collection pays kathy $46,926.54 in dividends every year, how many shares does kathy own?
Prince waste collection pays a yearly dividend of $14.94 per share of stock. $ 3141 shares does kathy own.
Calculating the shares:prince pays per share of stocks yearly dividend = $ 14.94
prince pays to Kathy in dividend to every year = $ 46,926.54
Shares that kathy owns = $ 46,926.54 ÷ $ 14.94
= $ 3141
Hence, Kathy owns $ 3141 shares.
What's share of stock?The term stock is used to express equity power in a business. A stock represents a piece of power in a pot. On the other hand, a share of stock is a unit of power in the business. The number of shares determines how big of a piece of power in a business you have.
How does a share of stock work?Stocks represent power equity in the establishment and give shareholders advancing rights as well as a residual claim on commercial earnings in the form of capital earnings and tips. Individual and institutional investors come together on stock exchanges to buy and vend shares in a public venue.
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the investment function is represented as an inverse relationship between the value of planned real investment and a. real disposable income. b. the rate of saving. c. the rate of interest. d. consumption.
"Option B" is the answer that is right. the amount saved
The investment function shows that the rate of interest and the amount invested are inversely correlated. This is because, in order for an investment to be profitable, the rate of return on investment must be greater than the rate of interest, so a higher interest rate causes investors to invest less and save more.
As a result, a lower level of actual planned investment is correlated with a higher interest rate. Therefore, "Option B" is the correct response.
Why do interest rates and investments have opposite relationships?
Bonds and interest rates are inversely correlated: Bond prices decrease when interest rates rise, and vice versa. After rates rise, newly issued bonds will have coupons that are higher. This will make bonds with low coupons that were issued in an environment with lower rates worth less.
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Which method of determining transfer pricing involves dividing all fixed and variable expenses for a period into the number of units produced?.
Transfer pricing is calculated using the actual full cost approach, which divides all fixed and variable costs for a period into the number of units produced.
What Does Actual Costing Mean?The tracking of product costs using three factors is known as actual costing. They are the real costs of the labor, the real costs of the supplies, and the real expenses incurred for overhead. The actual quantity of a allocation base observed during the reporting period is used to assign overhead charges.
For instance, a car shop might estimate that fixing a car will be $1100, but the real cost might be $1200. The client might not be aware of the true cost until after the charges for the repairs are incurred.
Actual cost is calculated as direct materials cost plus direct labor plus assigned overhead (labor hours x actual overhead allocation rate).
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If product demand is relatively elastic, what will be the effect on the total revenue if the price is increased?.
If demand is relatively elastic, an increase in price will decrease the total revenue.
Price elasticity of demand is the change in quantity demanded due to a change in price.
If demand is elastic, a small percentage change in price will result in a larger percentage change in the amount demanded. Therefore, if the price were to rise by, say, 2%, your change in the amount demanded would be even greater, perhaps by 3%. Furthermore, as price and quantity demanded to go in opposite directions, your sales will decline more than the price increase. Consequently, your total revenue will decline. In other words, there will be a decline in sales and profit.
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a time-series trend equation is 25.3 2.1x. what is your forecast for period 7? group of answer choices
A time-series trend equation is 25.3 2.1x. forecast for period 7 is 40.0.
FitzRoy was motivated to create charts that would allow forecasts to be made by a storm that destroyed the Royal Charter in October 1859. He called this "forecasting the weather," and therefore created the word "weather forecast."
In order to estimate the company's future financial performance, small business owners use forecasting, which is the process of examining historical and current data as well as market trends.
a generalized propensity or inclination: trend. educational tendencies at the moment: a widespread swing. the preference for suburban living.
a widespread improvement or alteration in a circumstance or in the conduct of individuals: According to surveys, renting is becoming more popular than owning a property.
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Costs that have no impact on future cash flows and are irrelevant to decisions are ______ costs.
Costs that have no impact on future cash flows and are irrelevant to decisions are irrelevant costs.
Positive or negative costs that wouldn't be impacted by a management decision are referred to as irrelevant costs. Therefore, when that choice is taken, irrelevant costs like fixed expenses and sunk costs are disregarded. However, in order to possibly preserve the company, a manager must be able to recognize an unnecessary expense. Costs that won't be impacted by a managerial choice are irrelevant costs. Expenses that will be impacted by a managerial choice are relevant costs. When you choose one course of action over another, irrelevant expenses won't change in the future. Sunk costs, committed expenditures, and overhead are a few examples of unnecessary expenses because they cannot be avoided.
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which of the following identifies the process of determining if a prospect is a right fit prior to a consultation?
Pre-qualification identifies the process of determining if a prospect is a right fit prior to a consultation.
Public consultation (British Commonwealth countries and European Union), public comment (United States), or simply consultation, is a regulatory process that seeks input from the public on issues that affect them. Its main goals are to improve efficiency, transparency and public participation in major projects, laws, and policies.
This typically includes notification (disclosing what is being consulted), consultation (two-way information flow and exchange of views), and participation (engaging stakeholders in the formulation of policy or legislation). A commonly used tool for understanding different levels of community engagement in consultation is known as Arnstein's Ladder, although some scholars believe that Arnstein's Ladder is context-specific. and objected that it was not intended as a universal tool. Ineffective consultations are considered beauty consultations run from a commitment or show rather than true participatory decision-making.
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dilatant fluids, such as the synovial fluid, are characterized by the rare quality of becoming more ______when shear is applied to them.
Dilatant fluids, such as the synovial fluid, are characterized by the rare quality of becoming more viscous under applied pressure, when shear is applied to them.
When a material's viscosity rises in tandem with the rate of shear strain, it is said to be dilatant. Non-Newtonian fluids include those that thicken under shear. Although it can happen in suspensions, this characteristic is usually not seen in pure materials.
A non-Newtonian fluid called a dilatant substance has a shear viscosity that rises with applied shear force. This behavior, which is just one kind of deviation from Newton's Law, is affected by the size, shape, and particle distribution of the particles. These suspensions' properties are controlled by the Hamaker theory and Van der Waals forces, allowing them to be electrostatic interactions or sterically stabilized. When a colloidal suspension changes from a steady position to a flocculating state, shear thickening occurs as a result.
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when selecting a settlement option on a variable annuity, the life expectancy table is used to calculate the:
When selecting a settlement option on a variable annuity, the life expectancy table is used to calculate the amount of the first monthly payment.
Whenever a variable annuity is annuitized, the first payout is computed using the AIR as the interest rate, just as it would be if the contract were a fixed annuity. The type of payout option chosen as well as the annuitant's life expectancy as calculated by the standard life expectancy table are also taken into account in the computation.
The performance of the separate account relative to the AIR will then determine the number of subsequent payments.
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Sport management and marketing agencies perform functions for industry stakeholder groups defined as.
Athletes, properties, corporate brands, and media businesses are just a few examples of the industry stakeholder groups that sport management and marketing firms serve.
What is termed as the industry stakeholder?A stakeholder is really a party with an interest in a business who has the potential to influence or be effected by it. A typical corporation's investors, employees, clients, and suppliers make up its main stakeholders.
In contrast to internal stakeholders, external stakeholders are not associated with the business directly. However, an external stakeholder is typically a person or group that is impacted by how the firm operates. The town where a firm is located, for instance, is regarded as an external stakeholder when the company exceeds the permitted limit for carbon emissions because it is impacted by the industrial pollution.On a daily basis, full service agencies manage essential tasks for a variety of customers, including business strategy, sponsorship, solicitation, event planning, contract negotiation, market activation, and research and evaluation.Thus, athletes, properties, corporate brands, and media businesses are just a few examples of the industry stakeholder groups that sport management and marketing firms serve.
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the most important factor in preventing cash larceny from deposits is hiring honest people. true false
While skimming involves stealing cash that hasn't yet been entered into the accounting system, cash larceny involves stealing cash that has already been recorded on the books of the victim organization.
The Given statement is True.
What is Cash Larceny?The act of taking money that has already been recorded in the books of accounts for a certain time period is referred to as cash larceny. Without the employer's knowledge or consent, an employee committed this fraud. Theft frequently happens at the cash register, the cash collection point, or while deposits are being transported. This type of theft can be found, though, if the business keeps precise cash records and can be located during cash reconciliations.Because employees typically steal small sums of money that may not have a significant impact on overall revenues, most businesses tend to overlook theft. However, if the practice is allowed to continue, the little sums could add up to big sums that would put the business in serious financial trouble.To Learn more About cash larceny refer to:
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does the national do not call registry adversely affect the way that business is conducted in this country? if so, how
Real companies cannot make sales calls because of the Do Not Call Registry. Telemarketers are advised not to call certain numbers on a list called The Registry.
The FTC is unable and unwilling to block calls. Calls from scammers who ignore the Registry cannot be stopped by the Registry.
What are telemarketing companies?
Telemarketing is defined as the practice of speaking with current or potential clients over the phone.
In conclusion, keep in mind that telemarketing can assist a business firm in promoting or boasting about their goods or services, building a stronger customer database, generating numerous leads and appointments, and more.
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jane industries manufactures plastic toys. during october, jane's fabrication department started work on 10,000 models. during the month, the company completed 11,000 models, and transferred them to the distribution department. the company ended the month with 1,500 models in ending inventory. there were 2,500 models in beginning inventory. all direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. the fifo method of process costing is being followed. beginning work in process was 25% complete as to conversion costs, while ending work in process was 50% complete as to conversion costs. beginning inventory: direct materials costs $19,200 conversion costs $10,800 manufacturing costs added during the accounting period: direct materials costs $70,000 conversion costs $240,000 what is the cost assigned to ending inventory during october?
The price given by jane industries manufacturers to closing off inventory for plastic toys in October is $11,125.
Define the term Production Process?The process of turning different inputs, such as raw materials, into finished commodities that are sought after by customers in the market is referred to as the manufacturing process. Various steps may be used in the production process to convert raw materials into an output.Work-in-progress in starting (25% completed + 50% completed conversion cost) 2500 × 75%; 1875.Units that are initiated and finished in a single month ( 10,000 - 1500); 8,500.Ending inventory (1,500 × 50%) ; 750Add all 3 inventory;
Equivalent Units = 11,125
Thus, the cost assigned to ending inventory during October is $11,125.
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a car manufacturer wants to learn more about the brand preferences of electric car owners. there are millions of electric car owners in the world. who should the company survey?
A customer is said to have a "brand preference" when they consistently choose one brand over another.
To put it another way, they have learned about the rivals, perhaps even tried a few products from different brands, and decided that this brand is their favorite.
How can preference for a brand be measured?Measures of brand preference fall into at least three categories: Measures of brand choice—a veiled choice of preferred brand from a group of competing brands. Questions for the survey revealed self-reports about preferred brands. Measures based on constant sums include planned purchases from a group of competing brands.
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depository institutions primarily engaged in the business of making short-term loans to businesses for inventory financing and other working capital needs are more commonly referred to as
Depository institutions primarily engaged in the business of making short-term loans to businesses for inventory financing and other working capital needs are more commonly referred to as commercial banks.
What are commercial banks?Commercial banks are financial institutions that provide services such as checking and savings accounts, loans, and credit cards to businesses and individuals. These banks are for-profit institutions that are regulated by state and federal governments. Commercial banks use the money deposited by customers to make loans and invest in securities. They also provide other services such as safe deposit boxes and wire transfers.
Commercial banks serve mainly businesses and provide businesses with the required amount of loans both for the short term and long term. Businesses can require loans for various purposes and for that the urgent need for cashflow is provided by commercial banks.
It can be concluded that depository institutions primarily engaged in the business of making short-term loans to businesses for inventory financing and other working capital needs are more commonly referred to as commercial banks.
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the effective date for grapevine technologies ipo was one week ago. the company wishes to promote its new products, which are not described in the registration statement, red-herring or prospectus. can it now use a free writing prospectus for this purpose?
Yes, free writing prospectuses may be used by all eligible issuers in the post-effective period.
What is prospectuses?
A prospectus is a formal proposal for a research project written to persuade the reader (a professor, research committee, or subsequently, a project coordinator, funding agency, or someone similar) that the research can be done and will produce valuable findings.What is a prospectus example?
For instance, PNC Financial (PNC) submitted a prospectus to the Securities and Exchange Commission in 2019 asking for a fresh debt issuance. A bond or promissory note with a set yield by maturity is what the senior note being offered to the public is.Learn more about prospectus
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Concerning incremental project cash flow, which of these is a cost one would never count as an expense of the project?.
Financing cost (FC), also known as the cost of finances (COF), is the cost, interest, and other charges involved in the borrowing of money to build or purchase assets.
This can range from the cost it takes to finance a mortgage on a house, to finance a car loan through a bank, or to finance a student loan.
Finance a cost: what does it mean?
The interest and other costs incurred by the company when borrowing funds are referred to as financing costs. They are also referred to as "borrowing costs" or "financial costs. "There are two different ways a business can pay for its operations: Financing with equity.
Is cost financing an asset?
In the section of the balance sheet titled "other assets," financing costs are accumulated as an intangible asset.Although most closing costs are related to financing the purchase price, not all of them are.
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The features and functionality of a newly installed information system are fixed or adapted during the ________ phase.
The features and functionality of a newly installed information system are fixed or adapted during the requirements analysis phase.
What is requirements analysis?Determining user expectations for a new or modified product is the process known as requirements analysis, sometimes referred to as requirements engineering. These qualities, sometimes referred to as criteria, must be precise, pertinent, and quantitative. These criteria are frequently referred to as functional specifications in software engineering.
Requirements analysis in systems engineering and software engineering focuses on tasks that establish a need or condition to satisfy a new or modified project or product.
Business, customer, product, functional, and non-functional needs are among the main categories of requirements analysis. Each one expresses the needs of the project and represents a stakeholder or phase of it.
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Some of the jobs mentioned in the article didn’t even exist a dozen years ago, and new jobs are emerging every year. If you needed to incorporate such new roles into your organization, which basic building block would serve as your starting point?.
The question seems to be referring to the article my Meghan Casserly in Forbes titled "10 Jobs that didn't exist 10 years ago". To incorporate new roles into an organization the basic building block to have in place as the starting point would be to have an informed and capable Human Resources Unit that is capable of carrying out Job Analysis, Planning, Recruitment, and Talent Management.
What is a job?The obligations and tasks of their specific positions are referred to as job responsibilities. This is referred to as the job description at times. Roles, on the other hand, refer to a person's position in a team. The individual jobs that comprise a team differ according to the company or industry.
The key distinction between a career and a job is that a job is something you perform for money, but a career is a long-term endeavor that you work on every day.
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4)which of the following is correct when bad debt expense is recorded at year-end? b) net accounts receivable will decrease.
Bad debt expense is an operating expense. An increase in operating expenses decreases income from operations.
When a receivable is no longer collectible as a result of a customer's inability to pay an outstanding debt due to bankruptcy or other financial issues, a bad debt expense is recorded. Companies that offer credit to their customers record bad debts as an allowance for doubtful accounts, also referred to as a provision for credit losses, on their balance sheet.
The basic idea behind bad debt expense is the same as that behind all accounting principles: it enables businesses to completely and accurately report their financial position. Almost every business will encounter a customer who is unable to pay at some point, and they will need to record a bad debt expense.
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you value your economics textbook at $10. someone else values it at $25, and that person is willing to pay you $20 for your textbook. would selling your textbook to this person for $20 be pareto efficient? a. no, because you did not receive the maximum amount the other person would have been willing to pay for the textbook. b. no, the person paid you $20 for the book so his net benefit was only $5, whereas your net benefit was $10. for this change to be pareto efficient, each of you should have the same net benefit. c. yes, because both of you are better off as a result of the trade. d. yes, because even though you gain from the trade and he loses, there is the potential for you to compensate him for his loss.
Yes, because both of you are better off as a result of the trade so it is pareto efficient.
What is pareto efficient?When resources are distributed in a way that no one may benefit without harming someone else, this is known as Pareto efficiency, also known as allocative efficiency. No individual or preference criterion can be made better off without at least one of them becoming worse off, which is known as Pareto efficiency or Pareto optimality. Another illustration would be the purchase of a used vehicle. The buyer may be willing to pay $15,000 for the car but the seller is only willing to accept $10,000 for it. A transaction where the car is sold for $12,500 would be Pareto efficient because both parties benefit from the exchange.
Hence the answer is option c
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what statement is correct about the relationship between economic conditions and human rights? group of answer choices
States with deteriorating economic conditions may repress political rights as they seek to maintain authority is the correct statement stating the relationship between economic conditions and human rights.
Economic conditions do influence the extent of human rights as poverty affects dignity and can be seen as abusive toward human rights. Responsibility for implementing human rights is a concern of all states whose actions may affect people's lives. Human rights elements are taken into consideration while having international trade agreements. Countries with deteriorating economic conditions may take away the political rights of the citizens in order to prevent anarchy situation and maintain authority, as many African countries are having less human rights than developed or underdeveloped countries.
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Correct question:
What statement is correct about the relationship between economic conditions and human rights?
a. States with deteriorating economic conditions may repress political rights as they seek to maintain authority.
b. Developed states never repress political rights.
c. Developed states all provide similar economic and social rights.
d. Even poor countries can provide all economic and social rights.
e. Poor countries are not expected to meet international standards on rights until they reach middle-class status
if there are nine directors to be elected, what is the least number of shares you will need to guarantee a seat on the board under cumulative voting?
If there are nine directors to be elected, The least number of shares you will need to guarantee a seat on the board under cumulative voting is 11.11%.
The least number of shares (%) needed to guarantee a seat on the board under cumulative voting = 100% / Directors to be appointed
= 100% / 9 = 11.11%.
The method used to choose a company's directors is cumulative voting. In most cases, each shareholder is granted a single vote, multiplied by the number of directors to be chosen. This is what is sometimes referred to as proportional voting. Because they can cast all of their votes for a single candidate, individual investors benefit from cumulative voting.Let's say that a number of candidates are being taken into account for various positions, like board seats. In that case, each Shareholder may cast all of his or her votes for one seat in elections or for one candidate when voting on other issues. The shareholder may, however, also decide to distribute his votes among several possibilities.Learn more about Cumulative voting, here
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The notion that workers tend to show an increase in performance when they know that they are being observed is called the ________ effect.
The notion that workers tend to show an increase in performance when they know that they are being observed is called the Hawthorne effect.
When participants in an experiment try to alter or enhance their behavior just because it is being observed or researched, this is known as the Hawthorne Effect. In investigations and experiments that employ humans as subjects, The Hawthorne Effect is regarded to be unavoidable.
The Hawthorne Effect's existence is still up for debate. The Hawthorne effect is when people alter their behavior as a result of being aware that others are watching them.
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you make a pizza for $6 and sell it to a customer for $10. the customer would have been willing to pay $15 dollars for the pizza. what is customer's consumer surplus?
Although pizza costs $10, customers are willing to spend $15 for it.
$5 in consumer excess is attained.
The difference between each customer's willingness to pay for pizza and the actual cost of a commodity determines the total consumer surplus. the notion that outcomes are improved by increasing economic surplus Consumer surplus is a term used in economics to describe the difference between what consumers are willing to pay for a commodity or service and its pizza price, The marginal utility theory of economics serves as the foundation for the consumer surplus formula. According to the hypothesis. A surplus is produced when people's willingness to pay for a particular commodity or service varies.
s1 = sell for $10 to customer
s2 = willing to pay for $15
S = s1-s2
S=$10-$15
S =$5
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when government regulations are influenced by lobbyists for the producers in a market, the regulations often: raise market demand. make it more difficult for new producers to enter the market. reduce costs of production, increasing competitive pressures. are biased in favor of consumer safety.
When government regulations are influenced by lobbyists for the producers in a market, the regulations often: A. Make it more difficult for producers to enter the market.
What is government regulations?Government regulations can be defined as the laydown law or policy that states how business owners or companies can operate or carryout their business activities.
Government regulation can tend to have effect or manufactures or producers as it can make it difficult for them to enter the market or to sell their product.
Therefore the correct option is A.
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In order to promote its new beauty product, a company hires an oscar-winning actress to model for their latest ad. The company is using which appeal?.
The company is using which appeal is ethos appeal.
In order to promote its new beauty product, a company hires an Oscar-winning actress to model for their latest ad. An ethos appeal is an appeal to the receivers’ trust in the sender.
You might for instance appeal to ethos by emphasizing your authority, profession, or experience, or you might present yourself as a person of good moral character and compassion.
The company used ethos appeal. So, that their product must be grab peak in the crowd of many beauty products.
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after the incident, group of answer choices restore previous monitoring capabilities outsource all monitoring and response processes safeguards can be removed, and business may resume as it had previously controls that had been insufficient before the incident must be replaced, upgraded or fixed
after the incident in cyber, controls that had been insufficient before the incident must be replaced, upgraded or fixed.
A professional team that responds to problems involving computer security is known as a computer emergency response team. Alternative names for these teams include computer security incident response teams and computer emergency readiness teams. Cyber Security Incident Response Team is a more up-to-date abbreviation for CSIRT.
The CSIRT is a neutral organization having the resources and technical expertise needed to respond to computer security issues. The CSIRT is in charge of locating the occurrences, taking control of them, alerting the designated CSIRT responders, and informing management of its findings.
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The correct question is:
After the incident, controls that had been insufficient before the incident must be replaced, upgraded or fixed. Hence, option C is correct.
a.safeguards can be removed and business may resume as it had previously
b.outsource all monitoiring and response processes
c.controls that had been insufficient before the incident must be replaced, upgraded or fixed
d.Restore previous monitoring capabilities