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2 years ago

What are the 3 goals of a free market system?

1 answer:

6 0

The individual ownership of markets resources. Free economies flourish because the private sector, as opposed to a single government agency, owns a substantial percentage of the resources.

The financial markets that are thriving. liberty to take part. Market economies often support economic liberty, effectiveness, and expansion (with full employment being a desirable side effect of these choices). Other objectives like equity, security, price stability, and economic sustainability are occasionally sacrificed since open markets promote competition and bargaining. The market players' free competitiveness is encouraged in a market economy. The enhanced productivity, innovation, and efficiency of a market economy are notable advantages.

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In an enterprise-class database system, business users interact directly with the DBMS, which directly accesses the database dat

nikklg [1K]

Answer:

False

Explanation:

In an enterprise-class database system, business users can not interact directly with the DBMS, which directly accesses the database data

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3 years ago

Gabrielle does not want to work a nine-to-five job. Still, she has to work to support herself. She accepts a job as a restaurant

bazaltina [42]

Answer: C. She exercises freedom of economic choice.

Explanation:

Freedom of choice is when economic agents such as individuals, the firm's and the government can allocate the resources as they want and are free to make a choice they want.

Freedom of choice represents allows individuals make their own decisions. In this scenario, Gabrielle's economic decisions best relate to broad economic goals by exercising the freedom of economic choice.

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3 years ago

Read 2 more answers

Which of the following are reported at fair value except trading securities: a) held-to-maturity securities b) available-for-sal

horsena [70]

Answer:

B. Available for sale securities

Explanation:

Available for sale securities refer to debt or equity instrument. They are purchased with a pre defined aim of selling them before their maturity, for profit earning. Such profit is usually a 'quick capital gain'. Apart from profit, they also assist for liquidity, repaying needs of companies.

These equities are reported at 'fair value'. This implies that unrealised gains & losses are not included in earnings. They are rather recorded in a specific segregated item head 'accumulated other comprehensive income' of shareholder's equity.

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3 years ago

To exercise due care, an accountant should

Snowcat [4.5K]

The answer to this is C

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4 years ago

On January 1, 20X1, Bravo Company borrowed $26,000 to purchase equipment. The loan is to be repaid plus interest of 10% per year

andrey2020 [161]

Answer:

The general journal adjusting entry needed for December 31, 20X1:

Debit Interest expense $2,600

Credit Interest Payable $2,600

Explanation:

On January 1, 20X1, Bravo Company borrowed $26,000 to purchase equipment. The loan is to be repaid plus interest of 10% per year, on December 31, 20X2.

The amount of interest expense for 1 year = $26,000 x 10% = $2,600

Following the Accrual accounting - an accounting method that revenue or expenses are recorded when a transaction occurs rather than when payment is received or made. The company should record interest expense for the year 20X1 by the general journal adjusting entry:

Debit Interest expense $2,600

Credit Interest Payable $2,600

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3 years ago