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3 years ago

Which of the following statements most directly relates to the broad economic goal of freedom?

1 answer:

7 0

The right answer for the question that is being asked and shown above is that: "Increasing income taxes for the rich so that tax money can fund aid for the economically disadvantaged." The statement that most directly relates to the broad economic goal of freedom is that Increasing income taxes for the rich so that tax money can fund aid for the economically disadvantaged

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Consider two goods--one that generates external benefits and another that generates external costs. A competitive market economy

KiRa [710]

Answer:

Produce more of the good that generates external cost and less of the good that creates external benefit.

Explanation:

External benefits refer to the situation where the benefit of production of goods or services goes to a third party that is not directly involved in the process of production.

Similarly, external cost refers to the situation where the cost of production of goods and services is borne by a third party which is not directly involved in the process of production.

A competitive market economy would tend to produce more of the good that generates external cost and less of the good that creates external benefit. This is because in case of external cost the private cost will be lower than social cost, so the firms will be able to produce more of the good.

5 0

3 years ago

At the cinemas, diet cola and peppy soda are the two most popular brands of cola sold to customers through vending machines. thi

Mekhanik [1.2K]

Based on the description above, it is an example called automated retailing. This is being described as a self-service category in which individuals are likely to buy products from a machine that sells products in a way that they reach the customers in a more innovative and a non-traditional technique that makes it more appealing to the public.

7 0

3 years ago

The management accountant for Martha’s Book Store has prepared the following income statement for the most current year.

Tatiana [17]

Answer:

c. less corporate profits.

Explanation:

Subtract all the expenses from the revenue that are solely associated with Cookbook product line.

60000 - 36000 - 18000 - 2000 = 4000

This $4000 suggests that CookBook product line contributes profit of 4000 towards the company. So If the cookbook product line had been discontinued prior to this year, the company would have reported less corporate profits by $4000.

5 0

3 years ago

Acme, Inc.'s books show an ending cash balance of $10,500 before preparing the bank reconciliation. Given the bank reconciliatio

netineya [11]

Answer:

a. $ 10,410

Explanation:

Balance per books $ 10,500

Less: NSF Checks $ ( 110)

Add: Interest earned $ 20

Adjusted balance per books $ 10,410

The NSF checks is reduced from the book balance as the books would have included it as a positive balance.

The interest earned has to be added to the book balance as this information would have not been available with the book.

The outstanding checks represent checks issued by the company and thus would already have been recorded in the books.

the deposits in transit would also have been recorded in the books.

6 0

3 years ago

Surist, Inc. purchased merchandise for $300,000, received credit for purchase returns of $20,000, availed purchase discounts of

Rufina [12.5K]

Answer:

Ending inventory balance........................$497,000

Explanation:

If Surist, Inc. purchased merchandise for $300,000, and received credit for purchase returns of $20,000, and was availed purchase discounts of $5,000, and paid transportation in of $12,000. If Surist, Inc. had $30,000 in beginning inventory, and sold goods costing $180,000, Then the ending inventory balance can be derived as:

Beginning inventory....................................$30,000

Add: Purchases of merchandise ......... $300,000,

Less: Purchase returns of ........................($20,000)

Less: Purchase discounts of .....................($5,000)

Add: Paid transportation of .......................$12,000.

Less: Cost of Goods Sold....................... ($180,000)

Ending inventory balance........................$497,000

7 0

3 years ago