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3 years ago

Which statement best describes capitalism

1 answer:

amm18123 years ago

3 0

An economic and political system in which a country's trade and industry are controlled by private owners for profit rather than by state. {This is what the dictionary said by the way}

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The aim of _____________ is to produce high customer equity, the total combined customer lifetime values of all of the compan

alekssr [168]

I think, there should be options to choose. Anyway, my answer is: The aim of customer relationship is to produce high customer equity, the total combined customer lifetime values of all of the company's customers.

7 0

3 years ago

The following information is related to Kingbird Company for 2017.

Sati [7]

Answer:

Net income is $2,474,000

Retained earning for the year 2017 is $2,142,000

Retained earnings balance at December 31, 2017 is $3,123,000

Explanation:

A multi-step income statement is an income statement that shows gross profit and the detailed of each category of expenses and incomes to arrive at the net income of a company for a particular period.

This can be prepared as follows:

Kingbird Company

Mutiple step income statement

for the year ended December 31, 2017

Details $

Sales Revenue 26,100,000

Cost of goods sold (16,100,000)

Gross profit 10,000,000

Operating expenses:

Selling and administrative expenses (4,710,000)

Operating income 5,290,000

Other income (loss):

Gain on the sale of investments 111,000

Write-off of goodwill (821,000)

Loss due to flood damage (391,000)

Interest income:

Interest revenue 71,000

Income before tax 4,260,000

Income taxes for 2017 (1,254,000)

Income after tax 3,006,000

Extraordinary items:

Loss on wholesale div. disp. (net of tax) (441,000)

Loss on wholesale div. op. (net of tax) (91,000)

Net income 2,474,000

Preferred stock dividend (81,000)

Common stock dividend (251,000)

Retained earning for the year 2017 2,142,000

Retained earnings balance, Jan. 1, 2017 981,000

Retained earnings bal., Dec. 31, 2017  3,123,000 

8 0

3 years ago

The stated interest rate is the rate quoted in the bond contract used to calculate the cash payments for interest.

Drupady [299]

That statement is true

A stated interest rate is the return of investment that is not compounded by the interest accumulation throughout the years.
In general, a stated interest rate will give us a lower amount of return compared to effective annual interest rate that compound the accumulation throughout the years,

8 0

3 years ago

A customer asks Roger a question about a product, and he isn't sure of the correct answer. He immediately phones his supervisor

Vikentia [17]

Answer:

Roger used the technique of "responding to every concern by the customer" for building positive customer relations.

Explanation:

Building up strong customer relationships includes following techniques:

Communication which means inquiring customer needs and wants, listening to them, providing them information.
Exceeding Customer Expectations
Providing Value in the form of quality products and services
Responding to every concern which means taking each and every question, doubts or concerns of a customer seriously and providing them with the required information.

In the given case, the moment Roger knew that he wasn't sure of the information asked for, he immediately rang up his superior to get the exact correct information so as not to disappoint the customer.

This technique relates to responding to every concern by a customer.

5 0

3 years ago

represents the total change in aggregate demand. If government purchases increased by $50 billion, then the distance from point

MariettaO [177]

Answer:

The shift from AD1 to AD2 represents the total change in aggregate demand. If government purchases increased by $50 billion, then the distance from point A to point B would be greater than $50 billion.

Explanation:

Basically, aggregate demand can suffer two types of movements: displacements or changes in the slope. We are assuming a straight slope, but we could well analyze the case of an aggregate demand that is not straight.

DISPLACEMENTS

They are produced by changes in autonomous consumption. Changes in autonomous consumption may be due to changes in:

- Income distribution

- Access to credit

- Expectations

- Population changes

- Changes in relative prices between goods that belong to autonomous consumption (some foods) and goods that do not belong to autonomous consumption

CHANGES IN THE PENDING

They are produced by changes in the marginal rate to be consumed. Changes in the marginal rate to be consumed may occur due to:

- Changes in the utility function: they can change the preference for savings.

- Changes in income distribution

- Changes in the interest rate

7 0

3 years ago

Read 2 more answers