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3 years ago

If there were no government how might it affect our five basic economic freedoms

1 answer:

6 0

To start, I should introduce the 5 basic economic freedom. This freedom is given to citizens of a sovereign country to undertake economic actions. These actions are enumerated below.

1. Right to buy and sell
2. To choose an occupation
3. To compete
4. To own property
5. To make a profit

As you can see, the government plays a major role in these freedoms. Without the government, people will have absolute freedom which gives no systematic organization. It would spark chaos, confusion and abuse of resources or customers. The government plays as the regulating body to keep things in order.

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In the long run, profits will equal zero in a competitive market because of A. constant returns to scale. B. free entry and exi

AleksandrR [38]

Answer:

I think it's b, i'm not sure.

3 0

3 years ago

ABC Manufacturing Inc. ends the month with two jobs still in progress. Job 5 has $10,000 of materials, $2,000 of direct labor an

makkiz [27]

Answer:

B. $6,150 of the underallocated manufacturing overhead should be allocated to work-in-process

Explanation:

Calculation to determine what would be the correct way to prorate it based on ending balances before proration

First step is to calculate the Balance of work in process before proration

Balance of work in process before proration= ($10,000 + $2,000 + $8,000) + ($30,000 + $2,000 + $12,000)

Balance of work in process before proration= $64,000

Now let calculate the Underallocated overhead to be allocated to WIP

Underallocated overhead to be allocated to WIP= $10,000 * $64,000 / ($64,000+$40,000)

Underallocated overhead to be allocated to WIP = $10,000 * $64,000 / $104,000

Underallocated overhead to be allocated to WIP = $6,150

Therefore Based on the above calculation what would be the correct way to prorate it based on ending balances before proration is that $6,150 of the underallocated manufacturing overhead should be allocated to work-in-process

3 0

3 years ago

You are trying to pick the least-expensive car for your new delivery service. You have two choices: the Scion xA, which will cos

AnnZ [28]

Answer:

The Scion xA EAC: -7,953.41

The Toyota Prius EAC: -8,043.16

Explanation:

The equivalent cost is the PMT of the present worth of the asset, so the first step to solve for EAC is to calculate the present worth:

The Scion xA:

Purchase 15,500

Present value of the cash flow needs:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 1,500

time 3

rate 0.12

$1500 \times \frac{1-(1+0.12)^{-3} }{0.12} = PV\\$

PV $3,602.7469

Present worth: 15,500 + 3,602.75 = 19,102.75

Now, we calcualte the PMT:

$PV \div \frac{1-(1+r)^{-time} }{rate} = C\\$

PV 19,103

time 3

rate 0.12

$19102.75 \div \frac{1-(1+0.12)^{-3} }{0.12} = C\\$

C $ 7,953.410

Toyota Prius:

Purchase: 22,000

present value of annual OCF

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 800

time 4

rate 0.12

$800 \times \frac{1-(1+0.12)^{-4} }{0.12} = PV\\$

PV $2,429.8795

present worth: 24,429.88

Equivalent annual cost:

$PV \div \frac{1-(1+r)^{-time} }{rate} = C\\$

PV 24,430

time 4

rate 0.12

$24,429.88 \div \frac{1-(1+0.12)^{-4} }{0.12} = C\\$

C: $ 8,043.158

3 0

3 years ago

100 points and brainlist

svp [43]

Answer: Is that a college exam?

Explanation:

6 0

3 years ago

Read 2 more answers

A company has common stock with a $10 par value and fair market value of $15. The company exchanges 1,000 share of this common s

leonid [27]

In the given situation above, the journal entry will be that the land will be debited for $15,000; and the common stock account will be credited with $10,000 and the additional paid up capital account will be credited for $5,000. So, the given options do not hold true.

<h3>What is a journal entry?</h3>

A chronological recording of financial or accounting transactions of an organization in the journal books of the corporation, as and when they occur, is known as a journal entry.

Hence, the given conditions regarding the journal entry do not hold true.

Learn more about a journal entry here:

brainly.com/question/20421012

#SPJ1

6 0

2 years ago