In a market economy, decisions about which goods are produced are based on: A. what the local community has made for generations. B. what the government decides is important for society. C. what health care organizations suggest will be best for citizens. D. what businesses believe will generate the most profits.

Answers

Answer 1

Answer:

D.

Explanation:

Business run the economy not the government

Answer 2

D. What businesses believe will generate the most profits.

What is market economy?

In a market economy, the producer gets to decide what to produce, how much to produce, what to charge customers for those goods, and what to pay employees. These decisions in a free-market economy are influenced by the pressures of competition, supply, and demand.                                                                                                                          

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Related Questions

TSW Inc. had the following data for last year. Net income = $800; Net operating profit after taxes (NOPAT) = $700; Total assets = $3,000; and Total operating capital = $2,000. Information for the just-completed year is as follows: Net income = $1,000; Net operating profit after taxes (NOPAT) = $925; Total assets = $2,600; and Total operating capital = $2,500. How much free cash flow did the firm generate during the just-completed year?
Elena Inc. has the following income statement. How much net operating profit after taxes (NOPAT) does the firm have?
Sales $2000
Cost 1200
Depreciation 100
EBIT 700
Interest expense 200
EBT 500
Taxes(35%) 175
Net income 325

Answers

Answer:

1. Free cash flow= NOPAT - Net investment in total operating capital

Free cash flow = $925 - ($2,500 - $2,000)

Free cash flow = $925 - $500

Free cash flow = $425.

2. Particulars                                                 Amount

Earnings before Interest and Tax                  $700

Less : Taxes at 35%                                        $245

Net operating income after tax (NOPAT)    $455

Therefore, The Net operating profit after Tax (NOPAT) is $455.

Which of the following is an example of a criminal offense?
A. Check forging
B. Hitting a parked car
C. Evicting a tenant without due process
D. Being late on credit payment
Helpppppp

Answers

Answer:

B

Explanation:

it said to answer it has to have at least 20 letters so im just typing stuff now

Answer:

Evicting a tenant without due process

Explanation:

Suppose you make the decision to volunteer for an event in school for an hour this week. This means that you would have to take an hour off from your summer job, for which you earn $10 per hour. You spend $3 in bus fare in order to get to school and $5 for lunch. If you went to work, you would have been able to walk to your job, and lunch would have been provided to you by the office. The opportunity cost of volunteering is:

Answers

Answer:

$10 what you would have earned at the job

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

When you decide to volunteer, you would not be able to go to work. The opportunity cost of volunteering is what you would have earned if you were at work

Pineapple International uses a job order costing system. Pineapple's accounting manager estimated that direct labor would be $2,990,000 (230,000 hours at $13/hour) and that factory overhead would be $1,530,000 for the current period. At the end of the period, 210,000 hours of direct labor and $1,230,000 of actual overhead costs were recorded. Determine the predetermined overhead rate using direct labor hours as a base. (Round your answer to two decimal places.) g

Answers

Answer:

$6.65 per hour

Explanation:

We can determine the predetermined overhead rate by

Estimated factory overhead cost / Estimated number of direct labor hours.

Estimated factory overhead cost = $1,530,000

Estimated number of direct labor hours = 230,000 hours

= $1,530,000 / 230,000

= $6.65 per hour

Predetermined overhead rate is $6.65 per hour

Resources are limited in
_________?

Answers

Answer:

A basic condition of nature which means that the quantities of available labor, capital, land and entrepreneurship used for the production of goods and services are finite. It means that the economy has only so many resources that can be used AT ANY GIVEN TIME time to produce goods and services.

Explanation:

At what input output level will average variable cost begin to rise?

Answers

Answer:

When the additional cost (input) of producing one more unit (output) is greater than the additional revenue earned on it results in increase in the average variable cost.

Explanation:

Average Variable cost is calculated by dividing the total variable cost by output. The graph of which, when prepared, is shaped in U curve. This is because when we produce one unit (output) then the additional cost (input) incurred is lower than the additional revenue earned.

However, as we proceed further in producing more units at one point in time we reach from fall in average variable cost to constant level and then the average variable cost starts to rise. This rise in average variable cost is known as the law of diminishing marginal returns. Which states that at one certain point Average Variable cost will start to rise. The production in one more unit will result in the additional cost to be more than the additional revenue generated from it.

Aldricus is a shutterbug. He takes his camera everywhere he goes. He has hung hundreds of pictures on his walls. For Aldricus, photography is a _____.

hobby
career
bore
job

Answers

Hobby







I think let me know if I’m right OwO

Answer:

hobby

Explanation:

just took the test

Identical products, as well as a large number of buyers and sellers, are characteristics of aperfectly competitive market. In such markets, sellers of goodscan influence the prevailing market price, giving them the role of pricemakers in the market. True or False: The market for public utilities, such as gas and electricity, exhibits the two primary characteristics that define perfectly competitive markets.

Answers

Answer and Explanation:

Perfect competition is a competitive market where there is a very wide number of buyers and sellers who offer the same or similar goods with great product and service information. Furthermore, this sector has free entry and exit

So it is a perfectly competitive market, also it cannot influence the market price also there are price takers

Also the given statement is false as it represents the monopoly market not the perfect competition market

Use the supply and demand schedules below to answer the following questions: Price Quantity Demanded Quantity Supplied $10 100 20 15 80 40 20 60 60 25 40 80 30 20 100 Instructions: Enter your answers as a whole number. a. What is the equilibrium price and quantity? Market equilibrium price: $ Market equilibrium quantity: units b. What is the market price if there is a shortage of 40 units? $

Answers

Answer:

$20

60

$15

Explanation:

equilibrium is the point where quantity supplied equals quantity demanded.

Equilibrium price is the price at which quantity supplied equals quantity demanded. = $20

equilibrium quantity is the quantity at which quantity supplied equals quantity demanded. = $60

There is a shortage at the point where quantity demanded exceeds quantity supplied. shortage occurs below equilibrium. At $15, quantity demanded exceeds quantity supplied by 40 units

Loggers are much likely to supply wood to the market if property rights are not enforced. In the presence of market failures, public policy can improve economic efficiency. Classify the source of market failure in each case listed. Market Failure Market Power Externality A manufacturing plant dumps chemical waste into a nearby river, poisoning the water supply for a small town downstream. A single public utilities company is responsible for supplying electricity for an entire state. As a result, the utilities company can set the price of electricity.

Answers

Answer:

Over

Externality

Market power

Explanation:

Externality is a form of market failure where the activities of economic agents affect third parties not involved in production or consumption

Externality can be positive or negative

A good has negative externality if the costs to third parties not involved in production is greater than the benefits.

The costs of polluting the river by the firm is greater than the benefits. Thus, this causes negative externality

Taxation increases the cost of production and therefore discourages overproduction. Tax levied on externality is known as Pigouvian tax.

A firm has Market power when it can increase prices above the level that would exist that in a competitive market.

Firms that have market power are usually monopolies

A monopoly is when there is only one firm that exists in an industry

If a company is considering the purchase of a parcel of land that was acquired by the seller for $101,000 is offered for sale at $182,000, is assessed for tax purposes at $111,000, is considered by the purchaser as easily being worth $172,000, and is purchased for $169,000, the land should be recorded in the purchaser's books at:

Answers

Answer:

$169,000

Explanation:

Based on the information given we were been told that in a situation were a land which was acquired by the seller for the amount of $100,000 was been purchased at the amount of $169,000 which simply means that the land should be recorded in the purchaser's books at the amount of $169,000 which is the costs or amount in which the land was PURCHASED by the company.

What is meant by Sandel's use of the phrase "a common currency"?
A. Sandel meant that utilitarianism only thinks of moral values in terms of monetary currency
B. Sandel meant that utilitarianism tells us that we should never eat each other, no matter how hungry we are
C. Sandel meant that utilitarianism aims to level all values to equal standing so that they can be quantified and measured
D. Sandel meant that utilitarianism relies on a theory of human nature as composed of base and higher capacities

Answers

Answer:

C. Sandel meant that utilitarianism aims to level all values to equal standing so that they can be quantified and measured

Explanation:

The common currency is the currency that are shared by the different countries

Utilitarianism refers to a theory in which the goods things are to be rise and the bad things would be decline also it shows the outcome of an action that generated right and wrong concept

Therefore it provides a measure that should be common depend upon the values

Hence, the option c is correct

Several years ago,Doran Corp.issued 100,000 of its $2 par value stock for a total of $800,000.This is the only time that it has sold stock.This year it purchased 1,000 shares of its own stock for $10 a share.As a result of acquiring treasury stock:
A) its stockholders' equity decreases by $10,000.
B) it will recognize a loss of $2,000.
C) its common stock account decreases by $10,000.
D) its retained earnings decrease by $10,00

Answers

Answer:A) its stockholders' equity decreases by $10,000.

Explanation:

Account                     Debit                     Credit

Treasury stock         $10,000

Cash                                                 $10,000

Calculation:

Stock = Shares x Price per share =1000 x $10 = $10,000

Therefore, the stockholders equity will decrease  by $10000.

Hence the correct option is A.

If a family spends its entire budget in a given time frame, the family can afford either 90 cans of soup or 60 frozen dinners. Assuming the family spends its entire budget on just these two goods, what is the opportunity cost of one extra can of soup in the time frame?\

Answers

Answer:

60 frozen dinners is better

Explanation:

Juniper Company uses a perpetual inventory system. The company purchased $9,750 of merchandise on August 7 with terms 1/10, n/30. On August 11, it returned $1,500 worth of merchandise. On August 16, it paid the full amount due. The correct journal entry to record the payment on August 16 is:_________
a) Debit Merchandise Inventory $8,250; credit Cash $8,250.
b) Debit Accounts Payable $8,250; credit Merchandise Inventory $82.50; credit Cash $8,167.50.
c) Debit Accounts Payable $9,750; credit Merchandise Inventory $97.50; credit Cash $9,652.50.
d) Debit Accounts Payable $8,167.50; credit Cash $8,167.50.

Answers

Answer:

b) Debit Accounts Payable $8,250; credit Merchandise Inventory $82.50; credit Cash $8,167.50

Explanation:

Preparation of correct journal entry to record the payment on August 16

Based on the information given we were told that the company made a purchased of the amount of $9,750 of merchandise with terms of 1/10 and as well made returned of the amount of $1,500 worth of the merchandise while the full amount due was paid on August 16 which means that the journal entry to record the payment on August 16 will be :

Debit Accounts Payable $8,250

($9,500-$1,500)

Credit Merchandise Inventory $82.50

(1%×$8,250)

Credit Cash $8,167.50

[(100%-1%)×$8,250)]

Which situation best illustrates the role of households in the circular flow of
goods?
A. A website sells T-shirts promoting a popular band.
o
B. A factory produces parts used to make new cars.
C. A family buys a new TV at an electronics store.
D. A company develops a new brand of smartphone,
w
SUBMIT

Answers

The situation that  illustrates the role of households in the circular flow of goods is "A family buys a new TV at an electronics store."

What is a circular flow of goods?

The circular flow illustrates the flow of money from producers to households and back again in an endless loop. The participants of the circular flow are households, producers, governments, and sometimes foreign countries.

The household contributes resources and money to the flow as consumers of the goods or services. The producers or manufacturers provide goods and income to the household.

The household's role in the circular flow of goods therefore can be inferred as that of a consumer and hence the statement "A family buys a new TV at an electronics store" best illustrates their role.

Therefore the correct option is C.

Learn more about circular flow here:

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M2-28. Computing and Comparing Income and Cash Flow MeasuresPenno Corporation recorded service revenues of $200,000 in 2020, of which $170,000 were on credit and $30,000 were for cash. Moreover, of the $170,000 credit sales for 2020, Penno collected $20,000 cash on those receivables before year‑end 2020. The company also paid $25,000 cash for 2020 wages. Its employees also earned another $15,000 in wages for 2020, which were not yet paid at year‑end 2020. (a) Compute the company’s net income for 2020; and (b) how much net cash inflow or outflow did the company generate in 2020? Explain why Penno’s net income and net cash flow differ.

Answers

Answer:

Explanation:

M2-28. Computing and Comparing Income and Cash Flow MeasuresPenno Corporation recorded service revenues of $200,000 in 2020, of which $170,000 were on credit and $30,000 were for cash. Moreover, of the $170,000 credit sales for 2020, Penno collected $20,000 cash on those receivables before year‑end 2020. The company also paid $25,000 cash for 2020 wages. Its employees also earned another $15,000 in wages for 2020, which were not yet paid at year‑end 2020. (a) Compute the company’s net income for 2020; and (b) how much net cash inflow or outflow did the company generate in 2020? Explain why Penno’s net income and net cash flow differ.

Managing risks refers to identifying any possible
process for
and evaluating risks.
events and taking steps to reduce them. Risk management is a continuous
Reset
Next

Answers

Answer:

Uncertain is the first blank and identifying is the second blank

Explanation:

I searched it on a business management website and it worked for Plato

14. The Martins used records of their past expenditures to complete their budget
sheet for the upcoming new year. If their average monthly living expenses are
$912, their fixed monthly expenses averaged $1,457, and their annual expenses
are $3,078, what amount should they expect to spend monthly?

Answers

Answer:

Expected monthly expenses = $2369

Given:

Average monthly living expenses = $912

Fixed monthly expenses = $1,457

Annual expenses = $3,078

Find:

Expected monthly expenses

Computation:

Expected monthly expenses = Average monthly living expenses + Fixed monthly expenses

Expected monthly expenses = $912 + $1457

Expected monthly expenses = $2369

The principal differences between capital markets and money markets are that:__________.
A. money and capital markets deal in the same securities, the only difference is term.
B. capital markets deal in long-term debt and equity securities, while money markets deal only in short-term debt.
C. money markets deal only in short-term government debt.
D. both markets deal in short-term debt securities; however, capital markets deal also in equity securities which have an indefinite term.

Answers

Answer:

B. capital markets deal in long-term debt and equity securities, while money markets deal only in short-term debt.

Explanation:

Most Company uses money market to raise short term funds and capital markets for long term funds. Money market is a market for short term borrowings. Usually the securities are held for less than or up to a year. And capital market on the contrary is where securities are held for a long term i.e more than a year. Money market is concerned with liquid fund requirement and capital market is for long term capital fund requirement.

What type of product modification is likely to make the greatest impact on a food product?
A) Quantity
B) Aesthetic
C) Functional
D) Versatility
E) Texture.

Answers

Answer: Aesthetic

Explanation:

The type of product modification that is likely to make the greatest impact on a food product is aesthetic.

Product Modification simply means the improvement of an existing products in such a way that necessary changes are made to the product's nature, size, color, characteristics, nature, packing etc. in order to meet consumers demand. Aesthetic in food products will help the product stand out and beautify it.

How does a company's use of social media reflect audience-centered communication?

Answers

Answer:

There is an explanation of why the social media is so important today in the terms of communication regarding the marketing strategy in the companies below.

Explanation:

To begin with, nowadays the with the use of internet and more importantly the social media the companies have to adapt their strategy of communication according to the marketing theory in order to reach to the target audience who are the ones that will provide them with all of their primary profits when they sell. So that is why that social media has become one of the base aspects in which the company has to develop itself and try to to get better at it so that they could approach the consumers with that media of communication that is truly quite effective with the young consumers in the present time. Therefore that the social media reflects the most of the proper communication with the younger consumers nowadays, because it is a fundamental use of every day life for them.

Social media is important to industries to communicate wide to their target audience through advertisement.

Social media is an online platform that facilitates the exchange of information in terms of creation and sharing.

Social media is important to industries to communicate wide to their target audience through advertisement.

This advertisement serves as a form of marketing strategy for companies to engrave their product in the heart of the consumers.

Learn more on social media here: https://brainly.com/question/3653791

is your place of work a business or a non profit organization ?

Answers

Answer:

my place of work is a business

A company purchased factory equipment for $350,000 at the beginning of the year. It is estimated that the equipment will have a $35,000 salvage value at the end of its estimated 5-year useful life. If the company uses the double-declining-balance method of depreciation, the amount of annual depreciation recorded for the second year after purchase would be Group of answer choices $140,000. $84,000. $126,000. $60,480.

Answers

Answer: b- $84,000

Explanation:

Using the Double Decline balance method:

Annual Depreciation Rate = 1/useful Life x 2 = 1/5x2 = 0.4 = 40%

Depreciation for First  year

$350,000 X 0.4 = $140,000

Book value after year 1: $350,000 - $140,000 = $210,000

Depreciation for Second year

$210,000 X 0.4 = $84,000

Major Manuscripts, Inc., is currently operating at 70 percent of capacity. All costs and net working capital vary directly with sales. The tax rate, the profit margin, and the dividend payout ratio will remain constant. How much additional debt is required if no new equity is raised and sales are projected to increase by 10 percent

Answers

The attached data is required to answer the question

Answer:

$535

Explanation:

In this scenario we need to calculate the additional debt required by Major Manuscript

We expect an increase of 10% of sales

Therefore

Total assets projected = 9,420 * 1.10 = $10,362

Accounts payable projected = 2,200 * 1.10 = $2,420

Current long term debt = $260

Current common stock = $2,400

Retained earnings projected = 4,560 +{(360 - 190) * 1.10} = $4,747

Additional debt required = 10,362 - 2,420 - 260 - 2,400 - 4,747

Additional debt required = $535

Rio Coffee Shoppe sells two coffee drinks—a regular coffee and a latte. The two drinks have the following prices and cost characteristics: Regular Coffee Latte Sales price (per cup) $ 1.50 $ 2.80 Variable costs (per cup) 0.80 1.70 The monthly fixed costs at Rio are $5,148. Based on experience, the manager at Rio knows that the store sells 80 percent regular coffee and 20 percent lattes. Required: How many cups of regular coffee and lattes must Rio sell every month to break even?

Answers

Answer:

Breakeven quantity for regular coffee = 5,883

Breakeven quantity for lattes =  936

Explanation:

Breakeven quantity are the number of  units produced and sold at which net income is zero

Breakeven quantity = fixed cost / price – variable cost per unit

fixed cost for lattes = 0.2 x $5,148. = $1,029.60

fixed cost for regular coffee = 0.8 x $5,148. = $4,118.40

Breakeven quantity for regular coffee = $4,118.40 / $ 1.50 - $0.8 = 5,883.4

Breakeven quantity for lattes = $1,029.60 /  $ 2.80 - $ 1.70 = 936

Answer:

Rio Coffee Shoppe

Break-even point in units:

Break-even point for firm = Fixed costs/Contribution per unit

= $5,148/$1.80 = 2,860 units

Regular Coffee = 80% of 2,860 = 2,288 units

Lattes = 20% of 2,280 = 572 units

Explanation:

a) Data and Calculations:

                                          Regular Coffee    Latte

Sales price (per cup)                  $ 1.50          $ 2.80

Variable costs (per cup)               0.80              1.70

Contribution                               $0.70            $1.10        

Fixed cost                                                                       $5,148

Break-even point = Fixed costs/Contribution per unit

Regular Coffee = 80% of $5,148 = $4,118.40

Break-even point = $4,118.4/$0.70 = 5,884 units

Lattes = 20% of $5,148 = $1,029.60

Break-even point = $1,029.60/$1.10 = 936 units

b) The break-even point is the unit of sales required to cover the fixed costs with the contribution so that Rio Coffee Shoppe makes no profit or loss.

Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours 32,600 Total fixed manufacturing overhead cost $ 195,600 Variable manufacturing overhead per machine-hour $ 4.00 Recently, Job T687 was completed with the following characteristics: Number of units in the job 10 Total machine-hours 30 Direct materials $ 550 Direct labor cost $ 1,100 The total job cost for Job T687 is closest to:

Answers

Answer:

Total cost= $1,900

Explanation:

Giving the following information:

Total machine-hours 32,600

Total fixed manufacturing overhead cost $ 195,600

Variable manufacturing overhead per machine-hour $ 4.00

Job T687:

Total machine-hours 30

Direct materials $ 550

Direct labor cost $ 1,100

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (195,600/32,600) + 4

Predetermined manufacturing overhead rate= $10 per machine hour

Now, we can determine the total cost:

Total cost= direct material + direct labor + allocated overhead

Total cost= 500 + 1,100 + 10*30

Total cost= $1,900

Explain how the economic systems of countries differ?

Answers

Explanation:

Economic systems can be defined as a system with characteristics and principles for regulating all components of an economy, such as labor, production, resources, etc.

It is different according to each country, in that each country operates through different laws and rules for controlling the economy. There are countries that operate through a more rigid economic system, where there is government control over production and market prices, and there are countries that operate in a freer economic system, where the government does not interfere so much in private property, in profitability and in price, and organizations operate according to the law of supply and demand, such as the capitalist system, for example, which is a system that is very widespread in the globalized world, where the primary objective is the accumulation of profits.

se the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 8,600 Cost of goods sold 7,290 Depreciation 400 Earnings before interest and taxes $ 910 Interest paid 80 Taxable income $ 830 Taxes 291 Net income $ 539 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $ 140 $ 175 Accounts payable $ 1,150 $ 1,205 Accounts rec. 900 700 Long-term debt 990 1,255 Inventory 1,500 1,535 Common stock 3,190 2,890 Total $ 2,540 $ 2,410 Retained earnings 450 700 Net fixed assets 3,240 3,640 Total assets $ 5,780 $ 6,050 Total liab. & equity $ 5,780 $ 6,050 What is the return on equity for 2017? Multiple Choice 17.73% 18.65% 25.35% 15.01% 31.49% Next Visit question mapQuestion 1 of 16 Total1 of 16 Prev

Answers

Answer:

15.01%

Explanation:

The computation of the return on equity for the year 2017 is shown below:

Return on Equity is

= Net Income ÷ Total Equity

where,

net income is $539 million

And, the total equity is

= Common stock + retained earnings

= $2,890 + $700

= $3,590 million

So, the return on equity is

= $539 million ÷ $3,590 million

= 15.01%

Milo has the following year-end account balances: Accounts Receivable, $5,000; Supplies, $12,000; Equipment, $18,000; Accounts Payable, $17,000; Owner’s Equity, $43,000. The Cash account balance was not available at year-end. Given the account balances listed, the balance in the Cash account should be

Answers

Answer:

$25,000

Explanation:

Calculation for what the balance in the Cash account should be

First step is to calculate for the Total Assets excluding Cash

Total Assets excluding Cash = $5,000 + $12,000 + $18,000

Total Assets excluding Cash = $35,000

Second step is to find the Total Liabilities & shareholder's equity

Total Liabilities & shareholder's equity = $17,000 + $43,000

Total Liabilities & shareholder's equity == $60,000

Last step is to calculate for the cash balance using this formula

Cash balance = Total Liabilities and shareholder's equity - Total Assets (excluding cash)

Cash balance = $60,000 - $35,000

Cash balance = $25,000

Therefore the balance in the Cash account should be $25,000

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