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3 years ago

Explain the role of producers and consumers in a free-enterprise economic system.

Business

1 answer:

max2010maxim [7]3 years ago

7 0

The producer MAKES the product, and sells it to retailers. The consumers buy the products from the retailers.

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Maple Farms, Inc. v. City School District of Elmira. Read the summary of the court opinion. Could something like this bankrupt a

tester [92]

The correct answers to these open questions are the following.

Maple Farms, Inc. v. City School District of Elmira.

Could something like this bankrupt a company?

Yes, it can, if the proper forecast were not done taking into consideration all of the possible variables at medium and long-range.

Do you agree with the decision?

It was a tough decision because the court declared in its decision that the performance was not impracticable, as Maple Farm Inc indicated when decided to break the contract.

In strict theory, I agree with the court's decision because the explanation was that an "impractical" occurred when an event happened totally unexpected. And in this case, Mapple Farm Inc could have taken extra provisions knowing that milk had a 10% increase the last year and had the chance of more increases in the present year.

That is how a company can avoid this type of situation. Taking better provisions, contemplating all kinds of variables, knowing that in the future, something unexpected can happen and could be prevented with the proper forecast.

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2 years ago

Accounting subject , please help me

suter [353]

SORRY BUT I DONT NOW

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3 years ago

Loop 1604 Inc. has prepared a static budget at the beginning of the month. At the end of the month the following information is

Charra [1.4K]

Answer:

Flexible budget variance for Sales Revenue = $3,960 Favorable

Explanation:

Provided budget is static budget, firstly for calculating flexible budget variance for Sales Revenue.

For this flexible budget is made of same level of quantity as of actual level.

therefore Flexible budget sales = 990 units @ $70 per unit price will be same as of static budget.

Therefore Variance = Standard Flexible Budgeted Sales - Actual Sales

Standard Flexible Budgeted Sales = 990 $\times$ $70 = $69,300

Actual Sales Revenue = 990 $\times$ $74 = $73,260

Since actual revenue is more than budgeted sales this is favorable.

Flexible Budget Variance for Sales Revenue = $69,300 - $73,260 = $3,960

Since actual revenue is more than budgeted revenue therefore this is a favorable variance.

Flexible budget variance for Sales Revenue = $3,960 Favorable

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3 years ago

4. Which of the following is true of social capital?

maks197457 [2]

Answer:

Option C.

Explanation:

Social capital is basically the relationships among people who live and work in a particular society, thus allowing that society to function effectively". As such. The value of social capital is determined by the number of the relationships in a social network.

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2 years ago

The first step in the human resource planning process is forecasting. Forecasting is an attempt to determine the supply and dema

sesenic [268]

Answer:

Missing word <em>"Roll over each of the items below to read about the proportion of marketing employees at different times. Then drag each item into the correct position in the matrix."</em>

Note: The matrix in the question is attached as picture below

Year 2016

Sales mgr Sales Rep Sales asst. Not in

Organisation

Sales Maintain Management Manager Manager

manager Management Representative Assistant Turnover

Position Demotion Demotion

Sales Rep Sales Rep Maintain Rep Rep assistant Sales Rep

Promotion Position Demotion

Sales Asst manager Management Maintain asst. Sales Asst

assistant Promotion Promotion position Turnover

Not in Manager New Sales Rep Sales Assistant

Organi- Hire New Hire New Hire

sation

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3 years ago