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Burka [1]
1 year ago
9

China is currently a socialist economic system. In view of china's explosive growth in supplying goods to the world do you see c

hina becoming more of a market economic system. Why/why not?
Business
1 answer:
Lesechka [4]1 year ago
8 0

China is currently a socialist economic system. In view of china's explosive growth in supplying goods to the world China is becoming more of a market economic system.

Generally China is defined as a mixed economy market. But it is a planned  economy with most of the characteristics of the market economic system under the trend of the globalization.

For example: China government planned to focus on electric cars and thus the same china did and for the cars which were produced in China and sold in China only were provided with the government subsidy.

However China government also plans for those things which it does not want to see in the market such as stopping corporations inside trade on stocks.

To know more about market economic system here:

brainly.com/question/13340111

#SPJ4

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A. Management's minimum required balance.

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The minimum balance is the minimum dollar sum that a client must have in an account to get some service benefit, for example, keeping the account open or getting premium.

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Irene wants to make a copy of a housing design from a magazine. Which tool does she require? A.
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B

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2 years ago
IBP is the use of many tools, including advertising, in a coordinated manner to build and maintain brand awareness, identity, an
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The correct answer is False.

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5 0
3 years ago
The following information relating to a company's overhead costs is available. Actual total variable overhead $ 73,000 Actual to
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Answer: $2,000 favorable

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Total variable overhead variance = Budgeted variable overhead - Actual total variable overhead

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6 0
2 years ago
On January 1, 2020, NoDice Corporation issues $540,000, 5-year, 12% bonds for $529,000. Interest is paid semiannually on January
Svet_ta [14]

Answer:

Dr Interest expense                    $33,500

Cr Discount on bonds payable                 $1,100

Cr Cash                                                            $32,400

Explanation:

Discount on bonds payable=$540,000-$529,000=$11,000

Amortization of discount=discount on bonds issue/period of the bond

period to maturity of the bond is  5 years *2 =10 since the bond pays interest semi-annually

Amortization =$11,000/10=$1,100

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the bond semi-annual interest expense=discount amortization+interest payment

the bond semi-annual interest expense=$32,400+$1,100=$33,500

5 0
3 years ago
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