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3 years ago

The competitive market system:

Business

1 answer:

pav-90 [236]3 years ago

6 0

Answer:

B- Encourages innovation because successful innovators are rewarded with economic profits.

Explanation:

The competitive market system is largely encouraging as it keeps firms and companies on their toes, encouraging fresh ideas and work plans, aimed at getting ahead of other competitors in the market.

When these competitive strategies birth successful innovations, economic profits are made by the innovators as there is an increased customer base, increased effectiveness and increased customer satisfaction by meeting needs through fresh ideas. This creates a consequential rice in profits which is the major target of every profit making organization.

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Tamika has conducted a series of performance tests on several different prototypes of her company's new product, and wants to pe

Gennadij [26K]

Answer:

statistical software

Explanation:

Statistical software -

It refers to the specially designed programs of the computer , which is capable to very efficiently collect , interpret , organize and design the data , is referred to as statistical software .

There are two type of statistical softwares -

inferential statistics

descriptive statistics

The advantage of these software are -

These software are very beneficial in business , during any major project work.

Plan the project in a better manner .

Random data can be easily analysed by these software .

The efficiency is very high .

3 0

3 years ago

In Chapter 7 bankruptcy a debtor

nalin [4]

Answer: A. is required to draw up a petition listing all assets and liabilities.

Explanation:

Bankruptcy simply refers to the legal whereby an economic entity is unable to repay their outstanding debts. In this case, the individual or business will need to sell its remaining assets in order to pay the liabilities.

Due to the above reason, then the debtor will be required by the government to list all of their assets and the liabilities that it owns and this will be used in determining whether the obligation has been fulfilled or not.

3 0

3 years ago

Adjusting entries affect at least one balance sheet account and at least one income statement account. For the entrie below, ide

Virty [35]

Answer and Explanation:

According to the given situation, the income statement and balance sheet as per parts is shown below:-

Accounts Account Title Financial statements

For Part A

Debit Accounts receivable Liability account Balance sheet

Credit Consulting service Income statement

revenue

For Part B

Debit Interest receivable Liability account Balance sheet

Credit Interest revenue Income statement

For Part C

Debit Accounts receivable Assets account Balance sheet

Credit Service Revenue Income statement

For Part D

Debit Janitorial expense Income statement

Credit Janitorial expense Liability account Balance sheet

Payable

For Part E

Debit Rent expenses Income statement

Credit Rent expenses Liability account Balance sheet

payable

8 0

4 years ago

Based on a reading of the following, which law led to the establishment of the agency that monitors food and drugs and

tia_tia [17]

Answer:

Consumer Product Safety Act of 1972

Explanation:

4 0

3 years ago

Read 2 more answers

One year ago, JK Mfg. deposited $12,000 in an investment account for the purpose of buying new equipment four years from today.

Lyrx [107]

Answer:

Total FV= $46,008.31

Explanation:

Giving the following information:

Deposit 1= $12,000

Deposit 2= $15,000

Deposit 3= $10,000

Interest rate= 0.055

To calculate the future value, we need to use the following formula on each deposit:

FV= PV*(1+i)^n

FV1= 12,000*(1.055^5)= 15,683.53

FV2= 15,000*(1.055^4)= 18,582.37

FV3= 10,000*(1.055^3)= 11,742.41

Total FV= $46,008.31

4 0

3 years ago