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astraxan [27]
3 years ago
8

How do you free market and planned economies differ in the allocation of factors of production

Business
1 answer:
SSSSS [86.1K]3 years ago
4 0

Answer:

sorr ia  am blind

Explanation:

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Marino company is currently selling 10,000 units of its product per month at $10.40 per unit for total monthly sales of $104,000
Bogdan [553]
The total income of the company will be 114.400$ after a month. Hence, to find the net operating income, we need to subtract from it the various costs. The cost per product is 4.20$. Hence, since we have that 10000+1000 products are sold (+1000 through ads), the total cost of these is 11000*4.20=46.200$. We also have that there is a fixed monthly cost of 10.400$ and a budget for advertisement of 4.400$. Hence, the total cost is 46.200+10400+4400=61000$. Now, we need to subtract this total cost from our income. NOI=114.400-61000=53.400$ where NOI stands for Net operating income.
7 0
2 years ago
b. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balance in the
inessss [21]

Question Completion:

Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of receivables analysis.

                                                        Days Past Due  

                          Total          0          1 to 30       31 to 60   61 to 90  Over 90

Accounts

receivable  $570,000 $396,000  $90,000  $36,000   $18,000  $30,000  

Percent uncollectible          1%             2%             5%             7%           10%  

a. Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using the aging of accounts receivable method.

Answer:

Daley Company

a. The estimated balance of Allowance for Doubtful Accounts using the aging of accounts receivable method is:

= $11,820.

b. Adjusting Journal Entry:

Debit Bad debts expense $6,420

Credit Allowance for Doubtful Accounts $6,420

To record bad debts expense and bring Allowance balance to $11,820.                      

c. Adjusting Journal Entry:

Debit Bad debts expense $13,720

Credit Allowance for Doubtful Accounts $13,720

To record bad debts expense and bring Allowance balance to $11,820.  

Explanation:

a) Data and Calculations:

Ageing of Accounts Receivable:

                                                        Days Past Due  

                          Total          0          1 to 30       31 to 60   61 to 90  Over 90

Accounts

receivable  $570,000 $396,000  $90,000  $36,000   $18,000  $30,000  

Percent uncollectible          1%             2%             5%             7%           10%

Allowance      $11,820     $3,960      $1,800     $1,800      $1,260    $3,000

Bad Debts Expense:

Allowance for Doubtful Accounts:

                                         b.                                 c.

Unadjusted balance $5,400 credit              $1,900 debit

Adjusted balance       11,820 credit               11,820 credit

Bad debts expense $6,420                       $13,720

8 0
3 years ago
Jenna is looking to buy a new computer. When would the price elasticity of demand be most elastic for her computer? Order the si
m_a_m_a [10]

Answer:

It is convenient for Jenna to buy her computer when the price is more elastic and the Offer of the good is large, because the greater the supply of a good, the lower the price and with the elastic demand. It means that the price varies in proportion to the the demand and supply of the good would have the price of convenience that the computer should buy.

The order of Jenna's computer is as follows:

* Jenna's work computer broke down and she needs a new one or else she can't work.

It is inelastic in this regard because Jenna needs the computer immediately and will not expect a variation in market prices.

* Jenna uses her computer recreationally and wants to be able to listen to music with her friends in two days when they visit her.

The purchase of the computer can wait two days, since although you need it to spend time with your friends, it is not extremely necessary.

* Jenna's computer works fine, but she wants to buy a newer model.

The purchase of the computer can wait therefore the demand becomes more elastic

4 0
2 years ago
"For whom is a given mix of goods and services to be produced? How, in other words, are the society's outputs to be distributed
WINSTONCH [101]

Answer:

d. Private sector through the earning and spending of income.

Explanation:

In economics some major questions producers ask is for whom is production done, and how are output distributed in the economy.

For example ski equipment are produced for those people that practice skiing either as a sport or as a hobby. The particular set of people that use this product is targeted and provided with these goods.

Therefore these questions are answered in the private sector when the consumer earns income and spends it on their needs.

8 0
3 years ago
Enterprising people will make good office workers.<br> A.True<br> B. False
vaieri [72.5K]

Answer:

A.True

Explanation:

Enterprising means having or showing initiative and resourcefulness making it helpful in a office.

4 0
2 years ago
Read 2 more answers
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