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Vikki [24]
4 years ago
5

What is a traditional economy

Business
2 answers:
statuscvo [17]4 years ago
8 0
A traditional economy is<span> an original economic system where traditions, customs, and beliefs shape the goods and services the economy produces, and also the the rules and manner of their distribution.</span>
stellarik [79]4 years ago
5 0

xThe answer about the Traditional Economy is explained below.

Explanation:

A traditional economy is an economic system in which traditions, customs and beliefs are very important. These customs, traditions and beliefs make the system and shape the goods and services that the economy produces.

The rules and manner of the distribution of the goods and services are also defined or shaped by such customs, traditions and beliefs.

The economic decisions are generally based on families, clans, tribes or communities in this type of economic system.

This type of system is usually rural and farm based.

In such type of systems, there is a very little change over time. Traditional economies try to stick with their base and traditions and do not change much over time.

Learn more about Traditional Economy at:

brainly.com/question/12487698

#LearnWithBrainly

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Revenue should be recognized when a. the customer charges an order b. cash is received c. the customer places an order d. the se
shepuryov [24]

Answer:

d. the service is performed

Explanation:

According to the revenue recognition principle, the revenue is recognized when it is earned or realized not when the cash is received. It is based on the accrual basis of accounting. It does not depend upon the cash.  

In other words, whether cash is received or not but the revenue is recognized on the books when the service is performed.

4 0
4 years ago
With a sole proprietorship, who pays the taxes?
KiRa [710]
The individual proprietor. A sole proprietorship is a pass-through entity, which means that all of the revenue and deductions are claimed by the individual who registers as a the sole proprietor. Therefore, this individual pays the taxes on such revenue gains and deducts any losses. 
5 0
4 years ago
Read 2 more answers
Class, inc., expects to sell 22,000 pool cues for $ 12.00 each. direct materials costs are $ 2, direct manufacturing labor is $
Harlamova29_29 [7]

Answer:

Production= 23,700 units

Explanation:

Giving the following information:

Class, inc., expects to sell 22,000 pool cues for $ 12.00 each.

The following inventory levels apply to 2019:

finished goods inventory beginning 1,800 units

finished goods inventory ending 3,500 units

We need to calculate the production for 2019 using the following formula:

Production= Sales + ending inventory - beginning inventory

Production= 22,000 + 3,500 - 1,800= 23,700 units

8 0
4 years ago
You notice your voices have risen as the conflict has escalated. You lower your voice and attempt to answer moderately. "Do you
BigorU [14]

The best is to ask Julia to sit down and discuss with her the issue by asking her to support her ideas (first option).

<h3>What is this conflict about?</h3>

In this situation, you are having an argument with an employee or colleague and this argumentseems to have got out of control.

<h3>What should you do?</h3>

Instead of continuing arguing, calm down and ask Julia to do the same. Then sit down with Julia, acknowledge her contribution to the company but ask her to better support her ideas.

Learn more about conflicts in brainly.com/question/12832202

#SPJ1

3 0
2 years ago
What is the correct strategy that Alejandra must use to deliver a negative message?
Serga [27]

Answer:

Apologize and come up with a new plan. Of course, you need to apologize, if you don't then that becomes a problem. (especially if they are a Karen.) After apologizing start to explain what you are going to do about it. For Example  Refunds, Store Credit, Replacement, Etc. To start off. Then fix the problem. Also, tell them that you are going to do so and so to fix it. Like creating anew toy or whatnot.  Hope this helps!  

6 0
3 years ago
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