1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
olga2289 [7]
3 years ago
8

Charlie hayes owns his own landscaping business, including all the land on which they grow their plants, and all the equipment.

charlies son josh has just graduated from college with an architectural landscaping degree. charlie hopes to retire in a few years and turn the business over to josh, and josh will inherit the business when charlie dies. this is an example of the ______________ in a capitalist system.
Business
1 answer:
satela [25.4K]3 years ago
6 0
I would say this is an example of the succession in the capitalist system whereby in this case a family business encourages the son to study a related field so he can take over from the father when he retires to own and manage the business and usually the one who inherits the business works in it for a time to get familiar with it.
You might be interested in
Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common
sveta [45]

Answer:

March 1, issuance of 54,000 common stocks

Dr 2,754,000

    Cr Common stocks 54,000

    Cr Additional paid in capital in excess of par value 2,700,000

May 10, repurchase of 4,900 treasury socks at $54 each

Dr Treasury stocks 264,600

    Cr Cash 264,600

June 1, a cash dividend is declared ($1.45 per stock, 149,100 outstanding stocks)

Dr Retained earnings 216,195

    Cr Dividends payable 216,195

July 1, cash dividends are paid

Dr Dividends payable 216,195

    Cr Cash 216,195

October 21, 2,450 treasury socks are resold at $59 each

Dr Cash 144,550

    Cr Treasury stocks 132,300

    Cr Additional paid in capital in excess of par value 12,250

6 0
3 years ago
If you purchase an item in a store you may be charged? Income tax, capital gains tax, sales tax, property tax?
Nesterboy [21]
Sales tax. i just had this question yesterday haha 
4 0
4 years ago
Read 2 more answers
You can receive 400,000 five years from today or 1,000,000 thirty years from today. what interest rate makes them equivalent?
deff fn [24]

Answer:

3.73%

Explanation:

The computation of the rate of interest that makes the equivalent is shown below:

As we know that

Present value=Cash flow × Present value discounting factor ( interest rate% , time period)

Let us assume the interest rate be x

where,

Present value of $400,000 is

= $400,000 ÷ 1.0x ^5

And,

Present value of $1,000,000 be

= $1,000,000 ÷ 1.0x^30

Now eqaute these two equations

$400,000 ÷ 1.0x^5 = $1,000,000 ÷ 1.0x^30

(1.0x^30) ÷ (1.0x^5) = $1,000,000 ÷ $400,000

1.0x^(30 - 5)=2.5

1.0x^25=2.5

1.0x = (2.5)^(1 ÷ 25)

x =1.03733158 - 1

= 3.73%

3 0
3 years ago
Today you put $1000 in the bank. your bank pays 5% interest, continuously compounded. in 3 years, how much money will you have i
IRINA_888 [86]

With continuous interest,
F=Pe^{rt}
where 
F=future value
P=principal = 1000
r=rate=5%
t=time=3 years

F=Pe^{rt}
=1000e^{0.05*3}
=1000e^{0.15}
=1161.83

Answer: The accumulated amount after three years is $1161.83
4 0
3 years ago
Yvette is a college student who lives in San Francisco and does some consulting work for extra cash. At a wage of $35 per hour,
White raven [17]

Answer:

<em>The elasticity of Yvette's labor supply is 2.67 and the value is greater than 1  so the wage range is elastic.</em>

Explanation:

The wage one is given asW_1=  $35

The Quantity of time is given as T_1=4 hours

The second wage is given as W_2=$45

The quantity of time for second wage is T_2=8 hours

So the calculation of elasticity is as

CoE=\frac{T_2-T_1}{Q_2-Q_1} \times\frac{T_2+T_1}{Q_2+Q_1}

By replacing the values

CoE=\frac{T_2-T_1}{Q_2-Q_1} \times\frac{Q_2+Q_1}{T_2+T_1}\\CoE=\frac{8-4}{45-35} \times\frac{45+35}{8+4}\\CoE=\frac{4}{10} \times\frac{80}{12}\\CoE=0.4\times 6.67\\CoE=2.67

So <em>The elasticity of Yvette's labor supply is 2.67 and the value is greater than 1  so the wage range is elastic.</em>

5 0
4 years ago
Other questions:
  • Question 5 of 23
    5·1 answer
  • Draiman Guitars is offering 110,000 shares of stock in an IPO by a general cash offer. The offer price is $39 per share and the
    9·1 answer
  • Here are selected data for Wilson​ Company: Estimated manufacturing overhead ​ $259,650 Factory utilities ​ $30,200 Estimated la
    11·1 answer
  • The 1974 model Eldorado is a three-ton behemoth with a 500-cubic-inch engine that is long on style but short on gas mileage. Dur
    15·1 answer
  • White Lion Homebuilders is considering investing in a one-year project that requires an initial investment of $500, 000. To do s
    6·1 answer
  • Financing Deficit Garlington Technologies Inc.'s 2019 financial statements are shown below: Income Statement for December 31, 20
    13·1 answer
  • Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $250,000; Patents and copyrights = $720
    6·1 answer
  • f the inverse demand function for toasters is p = 60 - Q , what is the consumer surplus if price (p) is $30?
    15·1 answer
  • Osgood Company, which applies overhead at the rate of 190% of direct material cost, began work on job no. 101 during June. The j
    10·1 answer
  • When deciding whether or not to replace old equipment with new equipment, the overriding consideration is the
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!