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3 years ago

How does free enterprise differ from laissez faire?

1 answer:

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A free market economy is one in which the government does not set or control prices, supply, or demand. A laissez-faire economy is one in which transactions between different companies or people are not subject to tariffs, government subsidies, and enforced monopolies.

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The balance sheet of the Algonquin Company reported assets of $50,000, liabilities of $22,000 and common stock of $15,000. Based

nlexa [21]

Answer:

c) $13,000.

Explanation:

Using the accounting equation;

Assets - liabilities = Owners' equity

Owners' equity is usually made up of the common stock and the retained earnings.

Therefore, given;

Assets = $50,000

Liabilities = $22,000

Owners' equity = $50,000 - $22,000

= $28,000

Owners' equity = Retained earnings + common stock

Retained earnings = $28,000 - $15,000

= $13,000

Amount for retained earnings is $13,000.

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3 years ago

10. Which of the following is an example of system software?

OLEGan [10]

Answer:

The computer's OS is a well-known example of system software. Widely used operating systems include Microsoft Windows, Mac OS and Linux.

8 0

2 years ago

Millions of producers working across the world cooperate to ensure that many more millions of consumers can have the goods and s

Serggg [28]

The actions of the millions of producers is driven by self interest.

<h3>Who is a producer?</h3>

A producer is an individual or firm that makes goods and services for consumers. For example, a farmer who plants apples is a producer. Also, the owner of the lemonade stand is a producer.

The goal of a producer is to earn profits all things being equal. Profits is when total revenue is greater than total cost.

To learn more about profit, please check: brainly.com/question/26181966

3 0

2 years ago

Sam's Pizzeria International Inc. operates and franchises pizza delivery and carryout restaurants worldwide. The following is an

Alisiya [41]

Answer:

The Adjusted trial balance is

Explanation: Amount in $

Dr. Cr.

Accounts Payable 38,882

Intangible Assets 82,031

Accounts Receivable 56,057

Interest Expense 4,089

Accrued Expense Payable 58,333

Interest Revenue 732

Accumulated Deprecation 337,564

Inventories 27,410

Capital 48,012

Land 32,890

Advertising Expense 63,473

Long Term Debt 230,561

Buildings & Leasehold 203,651

Long Term Note Receivable 12,821

Cash 20,142

Other Assets 42,540

Common Stock 483

Other Long Term Liabilities 64,213

Capital & Retained Earning 418,279

Prepaid and Other Current assets 36,838

Depreciation Expense 39,995

Rent and Utilities Expense 215,720

Equipment 320,520

Total 1,158,177 1,158,177

Note: In absence of sales revenue, other expenses and paid up capital data which is missing in question, the capital and retained earnings are taken as balancing figure

4 0

3 years ago

Assume you are in the 35 percent tax bracket and purchase a municipal bond with a yield of 7.25 percent. Use the formula present

balu736 [363]

Answer:

before tax corportate bond equivalent: 11.15%

Explanation:

The municipal bond are tax-free making them more attractive than normal corporate bonds.

thus, the municipal bond rate should be compare with the after tax rate of a corporate bond:

before tax rate ( 1 - tax rate) = after tax rate

For this case:

the after tax rate is 7.25%

and the tax bracket is 35%

before taxes ( 1 - 0.35) = 0.0725

0.0725/.65 = 0,1115384 = 11.15%

3 0

3 years ago