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3 years ago

9

An economy in which the interaction of supply and demand determines the quantity in which goods and services are produced is cal

led a ________. command economy planned economy market economy closed economy

1 answer:

mihalych1998 [28]3 years ago

8 0

It is called a Command Economy.

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The burial of porky logan is considered the turning point of randy’s character, if not the novel as a whole. why might this be t

svetlana [45]

<span>Logan's burial might be considered a turning point in the novel because it is the point at which the democratic process and reasoning are completely abandoned for the attitude that force matters more than good intentions do.

Porky's burial is the first time that Randy actually has to force people to do the right thing. Porky's body is a menace.... it could cause an epidemic that could affect everyone, and no one wanted to be a part of it.... but Randy got it done, and he had to pull his pistol to do it.

The last sentence is significant in illustrating the road ahead: "The engine started and Randy turned away to face the thousand-year night"</span>

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3 years ago

The Executive Summary of a marketing plan should contain all of the following except ________. a. brief description of the marke

Marrrta [24]

Answer:

c. the political environment

Explanation:

The executive summary is a section a business plan usually contained in the first set of pages that gives a brief and concise overview of what the document contains by summarizing its main parts and points. In this case, it is a marketing plan so the executive summary would provide a concise overview of the marketing plan

7 0

3 years ago

he following information is available for Market, Inc. and Supply, Inc. at December 31: Accounts Market, Inc. Supply, Inc. Accou

Charra [1.4K]

Answer:

Please see answer below

Explanation:

Note: The questions are incomplete as only question 'a' was given. However, other parts of the questions have been retrieved hence answered below.

a. Accounts receivable turnover for each of the companies

Market Inc.

Accounts receivables $58,000

(-) Allowance for doubtful accounts $2,548

Net accounts receivables $55,452

Accounts receivable turnover = Company sales revenue / Net accounts receivable

= $636,960 / $55,452

= 11. 5 times

Supply Inc

Accounts receivables $77,800

(-) Allowance for doubtful accounts $2,256

Net accounts receivables $75,544

Accounts receivable turnover = Company sales revenue / Net accounts receivables

= $887,100 / $75,544

= 11.7 times

b. What is the average days to collect the receivables.

Market Inc.

Average collection period = 365 days / Accounts receivable turnover

= 365 / 11.5

= 32 days

Supply Inc

Average collection period = 365 days / Accounts receivable turnover

= 365 / 11.7

= 31 days

c. Assuming both companies use the percentage of receivables Allowance method, what is the estimates percentage of uncollectible accounts for each company.

Market Inc

Estimated percentage of uncollectible accounts = Company allowance for doubtful accounts / Accounts receivable

= $2,548 / $58,000

= 4%

Supply Inc.

Estimated percentage of uncollectible accounts = Company allowance for doubtful accounts / Accounts receivable

= $2,256 / $77,800

= 3%.

7 0

3 years ago

The owners equity in a business amounted to $56,000 at the beginning of the year and $100,000 at the end of the year. the owner

natta225 [31]

Net income = revenue - expenses.

The revenue was $100,000 + $19,000 = $119,000
Expenses was $56,000

$119,000 - $56,000 = $63,000

The net income is $63,000.

4 0

3 years ago

In 2005, Hurricane Katrina destroyed oil and natural gas refining capacity in the Gulf of Mexico which subsequently drove up nat

jarptica [38.1K]

Answer:

<h2>In this case,the correct answer would be option B) in the answer choices or shift the short-run aggregate supply curve to the right.</h2>

Explanation:

The destruction of the oil and natural gas refinery capacity Gulf of Mexico during Hurricane Katrina would reduce the overall supply of oil which would decrease the short run aggregate supply in the economy.
This phenomenon can be illustrated by an initial shift of the aggregate supply curve to the left in the goods market in economy. Now, due to reduction in overall oil supply due to destruction of the refineries, the oil prices in the market would increase,everything else held constant.
As after three years,the oil refineries are restored properly, the overall oil supply would again increase in the market from its initial position following the refinery destruction after the hurricane,which would consequently lead to a rightward shift of the aggregate supply curve in short run in the goods market.

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3 years ago