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2 years ago

Which group of people ultimately determines the products that a command economy produces?.

2 answers:

4 0

The authorities make a decision on what items and offerings could be produced and what costs could be charged for them.

<h3>Who controls the economic system in a command economic system?</h3>

Command financial system, a monetary machine wherein the approach of manufacturing is publicly owned and monetary interest is controlled through a central authority that assigns quantitative manufacturing dreams and allots raw materials to productive establishments.

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Aneli [31]2 years ago

3 0

The Government ultimately determines the products that a command economy produces.

<h3 /><h3>What is the command economy and examples?</h3>

Alternatively, the Command Economy owns most, if not all, businesses and is organized by the central government, where government officials control all factors of production. East Germany, North Korea and the former Soviet Union are examples of command economies.

<h3>What is the basic idea of the command economy? </h3>

The main idea of the command economy is that the economic base is controlled by the government and central authorities. They can make financial decisions. How many cars will be produced or how resources will be distributed in society.

<h3 /><h3>Who controls the economy in a command economy?</h3>

central authority

A Command economy is a monetary system in which the manner of production is publicly owned and monetary hobby is controlled through a central authority that assigns quantitative production desires and allots raw materials to efficient organizations.

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It takes $1200$ workers $8$ years to build $3$ ziggurats. How many years would it take $100$ workers to build $1$ ziggurat

Damm [24]

$100 workers need 32 years to make the 3200 worker-years to build $1 ziggurat.

<h3><u>Solution :</u></h3>

So, 3 zigs from (1200)*(8) or 9600 worker years.

That means 1 zig takes 9600 /3 = 3200 worker years.

For one zig to be made by $100 workers, dividing by 100 tells us that they'd require 32 years.

Other method to Find :

From the facts here, it takes 1200x8 = 9600 worker-years to build 3 ziggurats.

That means it takes 9600/3 = 3200 worker-years to build just one.

Therefore, we can say that$100 workers need 32 years to make the 3200 worker-years to build$ 1 ziggurat.

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4 0

2 years ago

The Accounts Payable account has a beginning balance of $11,400 and the company purchased $52,000 of supplies on account during

Solnce55 [7]

Answer:

$44,300

Explanation:

The account payable had a beginning balance of $11,400

The company purchased $52,000 worth of supplies

The ending balance is $19,100

Therefore the amount in which the company paid to the creditors can be calculated as follows

= $11,400+$52,000-$19,100

= $6,400-$19,100

= $44,300

6 0

3 years ago

ABC, Inc has a beginning inventory of $12,000. During the year they purchase $150,000 more inventory. At the end of the year, th

barxatty [35]

Answer:

cost of goods sold during the year = $142,000

Explanation:

First of all, let us calculate the total cost of goods acquired during the year, as follows:

Total cost of goods acquired = beginning inventory + purchases

= 12,000 + 150,000 = $162,000

Next, we are told that there was an ending inventory of $20,000, therefore, the cost of goods sold is calculated as follows:

cost of goods sold = total cost of goods acquired - ending inventory

= 162,000 - 20,000 = $ 142,000

Therefore inventory worth $142,000 was sold during the year

5 0

3 years ago

Two independent companies, Denver and Bristol, each own a warehouse, and they agree to an exchange in which no cash changes hand

Schach [20]

Answer and Explanation:

The journal entries are shown below

On Denver books

Equipment Dr $17,000

Accumulated depreciation $60,000

Loss on sale of equipment $3,000

To Equipment $80,000

(Being equipment recorded)

On Bristol books

Equipment Dr $17,000

Accumulated depreciation $25,000

To Gain on sale of equipment $10,500

To Equipment $31,500

(Being equipment recorded)

On Denver books

Equipment Dr $20,000

Accumulated depreciation $60,000

To Equipment $80,000

(Being equipment recorded)

On Bristol books

Equipment Dr $6,500

Accumulated depreciation $25,000

To Equipment $31,500

(Being equipment recorded)

7 0

3 years ago

What is the main challenge of career planning in changing times?

White raven [17]

The answer is option B. The main challenge of career planning in changing times is that you need to revise your plans often.

The world we live in is dynamic. New inventions, new technology, new methods of doing things always come up with time.

Because of this, when making a career plan, one must be fully aware that the process is not static. That is, changes would occur and as such, you have to revise your plans often so that it is in line with what is obtainable at the time.

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5 0

3 years ago