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3 years ago

When there is no government involvement in answering the three basic economic questions this is which economy?

Business

1 answer:

Dmitry_Shevchenko [17]3 years ago

6 0

When there is no government involvement in answering the three basic economic questions this is Market Economy.

Market

<u>Explanation:</u>

When there is no government interventions in the market system or economy then it is known as Market Economy or Lassez faire.

Here the firms and household determine who sells the goods and who buys it and everything is carried out according to them and there is no government intervention like that of the command economy.

There is a lot of profit for the businessman as the consumers pay as high the price as they want to and no amount is given to the government.

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Why would you write an inquiry to a company? (1 point)

UNO [17]

Answer:

what he said

Explanation:

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3 years ago

Pelcher Co. maintains a $400 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date repr

vichka [17]

Answer:

Dr.Office Supplies, $110; Dr. Merchandise inventory, $140; Dr. Miscellaneous expenses, $70; Cr. Cash over and short, $4; Cr. Cash, $316

Explanation:

The journal entries are shown below:

1. Petty cash A/c Dr $400

To Cash A/c $400

(Being petty cash fund established)

2. Office supplies A/c Dr $110

Merchandise inventory A/c Dr $140

Miscellaneous expense A/c Dr $70

To Cash over and short A/c Dr $4

To Cash A/c Dr $316

(Being disbursement of cash recorded)

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3 years ago

Read 2 more answers

Production records show that there were 440 units in the beginning inventory, 30% complete, 1,440 units started, and 1,600 units

Nimfa-mama [501]

Answer and Explanation:

The computation is shown below:

a. The number of units processed is

= Beginning work in process units + completed and started units - transferred out units

= 440 units + 1,440 units - 1,600 units

= 280 units

b. The material cost per unit is

= Total cost ÷ equivalent units

where,

Total cost is

= Opening work in process + material cost

= $2,220 + $6,610

= $8,830

And, the equivalent units is

= Units transferred out + ending work in process

= 1,600 + 280

= 1,880

So, the material cost per unit is

= $8,830 ÷ 1,880 units

= $4.70

c. The conversion cost per unit is

= Total cost ÷ equivalent units

where,

Total cost is

= Opening work in process + labor cost + overhead cost

= $1,720 + $4,800 + $1,300

= $7,820

And, the equivalent units is

= Units transferred out + ending work in process × completion percentage

= 1,600 + 280 × 40%

= 1,712

So, the material cost per unit is

= $7,820 ÷ 1,712 units

= $4.57

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3 years ago

Investments in debt securities that the company actively manages and trades for profit are referred to as short-term debt invest

boyakko [2]

Answer: c. trading securities.

Explanation:

Trading securities are short term debt securities that a company buys in order to make a profit in that short term period. They actively manage and trade these securities and then trade them for profit.

It is an excellent way to gain return for any excess cash that the business has and they only invest in such things when they believe that there is a good chance of profit being made.

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3 years ago

Which of the following statements about the theory of sustainability is true?a. Sustainability is the idea that socially respons

hammer [34]

Answer:

The correct answer is option A.

Explanation:

Sustainability can be basically defined as the ability to last constantly.

The theory of sustainability tries to describe a type of society and economy that is long lasting and can be lived on a global scale.

Sustainability in business is the proposition that if the companies act responsibly towards the environment and the society, they will be able to outperform their peers. When they focus on the world's problems and see them as marketing opportunities they will be able to perform better than their peers.

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3 years ago