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yKpoI14uk [10]
3 years ago
10

In which economic system does the government own most of the factories, equipment, and agricultural lands?

Business
1 answer:
Usimov [2.4K]3 years ago
8 0
<span>In which economic system does the government own most of the factories, equipment, and agricultural lands? Communism. Communism is a type of economy, political, social and philosophical economy. In a communist society, each person works and contributes to society in best functional way they can but are paid according to their needs and what they are capable of. In a communist society, the government has control over just about everything.</span>
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How can the lassez-faire doctrine be described?
nydimaria [60]

Answer: c) a free market with limited government regulation of business

Explanation:

Lassez-faire doctrine is a doctrine in an economy system in which government interference is limited or reduced to the minimum. The economic system in a lassez-faire economy is determined by the market forces. Thus, if businesses are allowed to function or operate on their own, compete with one another and so on, production and exchange will be better.

6 0
3 years ago
Read 2 more answers
Art is in the 24% marginal tax bracket for 2019. He owes a $10,000 bill for business expenses. Because he reports taxable income
faltersainse [42]

Answer:

$740.8

Explanation:

To answer this question the following steps are undertaken

1) We consider the Marginal tax bracket Art falls within. And it becomes obvious that his bracket in 2020 is higher than that of 2019. The implication of this discovery is that claiming expenses in 2020 will save more taxes for Art than in 2019.

2) What is his tax savings in 2020 = $10,000 x (0.32-0.24) = $800

Finally, since the present value of tax savings is 0.926

Then the tax savings to realize for 2020 is

$800 x 0.926 = $740.8

4 0
3 years ago
Fetzer Company declared a $0.55 per share cash dividend. The company has 200,000 shares authorized, 190,000 shares issued, and 8
Firlakuza [10]

Answer:

Please see journals below

Explanation:

Retained earnings Dr $104,000

Common dividend payable Cr $104,000

Common dividend payable Dr $104,000

Cash Cr. $104,000

Retained earnings Dr $100,100

Common dividends payable Cr $100,100

Common dividends payable Dr $100,100

Cash Cr $100,100

Retained earnings Dr $110,000

Common dividends payable Cr $110,000

Working

Dividends payable

= 190,000 × $0.55

= $104,000

Common dividend payable

= $0.55 × (190,000 shares - 8,000 shares)

= $100,100

7 0
3 years ago
Assume the price elasticity of demand for a product is 0.6. When the price is $15, consumers buy 50 units of the good. If the pr
Igoryamba

The consumer will buy 56 Units

Procedure to solve

Δp = 20% of 15

Δp = 20/100 × 15

Δp = 3

e = 0.6

Formula:

e = (Δq/Δp)×p/q

0.6 = (Δq/-3)×15/50

0.6 × (-3) = Δq × 0.3

Δq = 1.8/0.3 = 6

Price decreases and quantity increases

Therefore

q' = q+Δq

q' = 50+6

q' = 56

p is the given price, q is the given quantity, Δp is the change in price, Δq is the change in quantity, e is the elasticity, q' is the new quantity.

Price Elasticity

The price elasticity of demand can be said to be an economic measure of the increase in the quantity of commodity demands or consumes in relationship to its change in price.

The price elasticity of demand refers to the percentage change in the quantity demanded of goods divided by the percentage change in the price.

Learn more about elasticity here:

brainly.com/question/14450755

#SPJ4

6 0
2 years ago
.What are some potential difficulties that you might encounter when doing business in the Chinese market?
yaroslaw [1]

Answer:

The answer is below

Explanation:

There are various potential difficulties one might encounter when doing business in the Chinese market. Some of which are:

1. Intellectual property issue: this is an area of business that is known to be one of the big issues in China. It is reported that a lot of inventors have problems in protecting their inventions, as many other competitors can just pick the invention idea and build on it without sanctions.

2. Governmental challenges: there is a huge issue of lack of transparency and corruption in China, most especially against foreign business owners.

3. Market Access: because of the diverse and big difference in consumers' consumption habits and distribution operations in China compared to other countries, most especially non-Indochina countries, will make the market access difficult for foreign business.

4. Consumer preference: consumers' preference in China is reported to be different and distinct compared to what is obtained outside China. Hence, foreign business owners will find it challenging to cope.

5. Bureaucracy: to obtain necessary licenses and permits in china requires going through a long process, which may even be more delayed to foreign business owners.

6 0
3 years ago
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