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4 years ago

Which statement best describes capitalism

1 answer:

amm18124 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}

You might be interested in

A company's flexible budget for the range of 35,000 units to 45,000 units of production showed variable overhead costs of $3.80

Dima020 [189]

Answer:

$16,200 favorable

Explanation:

The computation of the total controllable cost variance is shown below:

= Budgeted overhead - actual overhead

= (40,000 units × $3.80 + $74,000) - $209,800

= ($152,000 + $74,000) - $209,800

= $226,000 - $209,800

= $16,200 favorable

Hence, the total controllable cost variance is $16,200 favorable

3 0

3 years ago

Simpson Enterprises is considering a new project with revenue of $325,000 for the indefinite future. Cash costs are 63 percent o

melamori03 [73]

Answer:

net present value = 133808.82

Explanation:

solution

we find here present value of cash inflows that is

Cash inflows = $325,000

and

cash costs @63% = $204,750

cash flow before tax = 325,000 - 204,750 = $120,250

and Tax @21% = $25,252.5

Cash flow after tax will be = $120,250 - $25,252.5 = $94,997.5

Discounting factor is = 0.17

Present value of cash inflows = (cash flows after tax ÷ discounting factor)

Present value of cash inflows = $\frac{94997.5}{0.17}$

Present value of cash inflows = $558808.82

net present value = Present value of cash inflow - present value of cash outflows

put here

net present value = $558808.82 - $425,000

net present value = 133808.82

4 0

3 years ago

Match the types of databases to their meanings

Galina-37 [17]

You need to modify your questions

5 0

4 years ago

Deluxe Building Services offers custodial services on both a contract basis and an hourly basis. On January 1, 2015, Deluxe coll

algol [13]

Answer:

Since there is not enough room here, I prepared the financial statement effects template on an excel spreadsheet that I attached.

January 1, unearned revenue

Dr Cash 30,150

Cr Unearned service revenue 30,150

January 31, accrued services

Dr Unearned service revenue 5,025

Cr Service revenue 5,025

January 31, service revenue from hourly custodial work

Dr Accounts receivable 570

Cr Service revenue 570

Download pdf

4 0

3 years ago

Pablo's demand for pizza is inelastic. If the price of pizza decreases, we can predict that Pablo will

kherson [118]

Answer:

C. eat more pizza and spend less on pizza than he did before the price decrease.

Explanation:

The inelastic means that when the elasticity is less than one

Since the demand for pizza is inelastic and the price of pizza decreases that would result in an increase in the quantity demanded of pizza.

Though the price of pizza decreases, the Pablo spend less than before as the price and the quantity demanded has an inverse relationship.

4 0

4 years ago