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2 years ago

How does capitalism differ from socialism when it comes to the ownership of property?

2 answers:

8 0

Ownership. In a capitalist economy, property and businesses are owned and controlled by individuals. In a socialist economy, the state owns and controls the major means of production. In some socialist economic models, worker cooperatives have primacy over production

tiny-mole [99]2 years ago

7 0

For anyone who still needs this, here's my answer from Edge:

Capitalism is built on the respect of private property, meaning that the government cannot control what people buy with their obtained wealth. In socialism, however, the government has more control over the economy. Property like business buildings may be owned and ran by the government rather than a single individual.

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The balance sheet is a financial statement that measures the flow of funds into and out of various accounts over time, whereas t

vitfil [10]

Answer:

True

Explanation:

Balance sheet is the financial report of an organization that includes investments, liabilities, assets wealth, overall debt, etc. during a given time.

The income statement is one of the company's financial statements that indicates the company's profits and expenditures for a specific period of time. This shows how the profits are converted into net revenue or net income.

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2 years ago

We call the 10 / 30 rule

Schach [20]

If you put my info in this I could have answered this

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2 years ago

A trial balance can best be explained as a list of: Multiple Choice The balance sheet accounts used to show the equality of the

zalisa [80]

Answer:

All accounts and their balances at a particular date

Explanation:

The trial balance is the total of the all accounts belong to the income statement, retained earnings, balance sheet. Also their debit and credit balance are totalled and equalled to each other

So as per the given options, all other options except the above one are wrong as it represent to the particular statement i.e. totally incorrect

Therefore the above represent the answer

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2 years ago

When there is no beginning Finished Goods Inventory and all the goods that are produced are sold, the operating income ________.

natali 33 [55]

Answer:

C) will be the same for both absorption costing and variable costing

Explanation:

If the beginning and ending balance for Finished Goods Inventory is 0, that means that all the absorption costs have been assigned and all the fixed costs (for variable costing) have been assigned also. So whatever costing method you choose the valuation should be the same.

4 0

3 years ago

Inputs and outputs Edison's Performance Pizza is a small restaurant in Philadelphia that sells gluten-free pizzas. Edison's very

vodka [1.7K]

Answer:

Edison cannot change the number of ovens he uses because it is fixed resources.

Explanation:

However, Edison's decision regarding how many workers to use can vary from week to week.

Each Monday, Edison lets them know how many workers he needs for each day of the week.

In the short run, these workers are variable resources, and the ovens are fixed resources.

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3 years ago