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lions [1.4K]
4 years ago
5

Why is competition is an important part of a free-market system?

Business
1 answer:
sashaice [31]4 years ago
4 0
In economics, a free market<span> is an idealized </span>system<span> in which the prices for goods and services are determined by the open </span>market<span> and consumers, in which the laws and forces of supply and demand are </span>free<span> from any intervention by a government, price-setting monopoly, or other authority.</span>
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On January 1, Ramirez Supply leased a car for a four-year period, at which time possession of the car will revert back to the le
ohaa [14]

Based on the amount that Ramirez guaranteed the lessor and the estimated residual value, the amount to be added to the right-of-use asset is $1,434.33.

<h3>What amount should be added to the right-of-use asset?</h3>

This would be the present value of the difference between the guaranteed amount and the estimated residual value.

= 42,300 - 40,200

= $2,100

Present value:

= 2,100 / (1 + 10%)⁴

= 1,434.328

= $1,434.33

In conclusion, the right-of-use asset amount to be added is $1,434.33.

Find out more on present value at brainly.com/question/20813161.

#SPJ1

5 0
2 years ago
In a Fox News Poll conducted in October 2011, 904 registered voters nationwide answered the following question: "Do you think il
fiasKO [112]

Answer:

The correct answer is Option B .

Explanation:

As per the data given in the question,

Eligible for legal citizenship = 63%

Error = 3%

Level of confidence = 95%

Here, the CI is 63% ± 3% , which means 60% to 66%  and this indicates that with 95% confidence, the true proportion lies between this interval  

This is shown by option B  

Hence, option B is correct answer

8 0
3 years ago
In the context of electronic communication, _____ involves indirect form of disrespect.
Contact [7]

In the context of electronic communication, <u>passive incivility</u> involves indirect form of disrespect.

Passive incivility involves indirect forms of disrespect through the context of electronic communication which are not replying to emails, using emails for time-sensitive messages, not acknowledging receipt of emails.

Passive incivility has its own impact in an individuals life. As this incivility is indirect there is not much behavior noticed. Thus, here the factor of ignorance plays an important role. For instance, when a person sends a disrespectful email, and so here it is hard to understand tone via email and you can’t see the person's body language.

Hence, passive incivility involves indirect form of disrespect.

To learn more about incivility here:

brainly.com/question/13939392

#SPJ4

3 0
2 years ago
"Your customer, age 68, who has an IRA account at your firm valued at $500,000, passes away. The customer leaves the account to
vredina [299]

Answer:

My best advice for the spouse would be to designate herself as the new account owner, and since she is 62, she can start taking regular distributions from it. Any distributions that she takes will be taxed as ordinary income (the same rule would have applied to the late husband).

Explanation:

If she had her own IRA account (which is doubtful since she doesn't work), she could also roll over her late spouse's balance into her own account.

The wife's third option would be to treat herself as a beneficiary, not the owner or spouse, but that would only complicate things and result in higher costs.

5 0
3 years ago
During April, the production department of a process manufacturing system completed a number of units of a product and transferr
malfutka [58]

Answer:

1) completed and transferred 293,000

<u><em>Equivalent units under W/A method:</em></u>

EU materials     338,500

EU conversion  306,000

Explanation:

Beginning WIP                 33,000

started and completed <u>260,000</u>

completed and transferred 293,000

Ending WIP                      65,000

EU under weighted-average methood:

complete and transferred plus percentage of completion ending WIP

293,000 + 65,000 x 70%  =  338,500

293,000 + 65,000 x 20%  =  306,000

3 0
4 years ago
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