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3 years ago

1. What was Karl Marx’s basic premise and belief?

1 answer:

7 0

Karl Marx's basic belief was that the working class will start revolution in the most developed capitalistic countries. One of the basic premises of his thinking was maybe expressed in the first sentence of his The Communist Manifesto: "The history of all hitherto existing society is the history of class struggles." He claimed that human societies progress through class struggle: <span>a conflict between an ownership class that controls production and a dispossessed laboring class that provides the labor for production.</span>

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Indigo Corporation purchased trading investment bonds for $55,000 at par. At December 31, Indigo received annual interest of $2,

babunello [35]

Answer:

(a) the purchase of the investment

Dr. Investment in trading security $55,000

Cr. Cash $55,000

(b) the interest receive

Dr. Interest receivable $2,200

Cr. Interest on Investment (income) $2,200

Dr. Cash $2,200

Cr. Interest receivable $2,200

Dr. Unrealized Loss $2,500

Cr. Investment in trading security $2,500

Explanation:

Trading Investment Bonds are recorded as assets and these are reported at fair value. Any gain or loss arising from the fair value adjustment will be recorded. Fair value adjustment should be made at end of each reporting period and when a significant difference arose. Gain from the fair value adjustment will increase the value of Investment in trading security and loss will decrease the value.

Unrealized gain = Current Book value of Investment - Fair value

Unrealized gain = $55,000 - $52,500

Unrealized gain = $2,500

6 0

3 years ago

What is the LEAST LIKELY way a firm can finance operations?

drek231 [11]

Answer:

Explanation:

6 0

3 years ago

________________ software analyzes vast stores of historical business data that have been prepared for analysis in corporate dat

GrogVix [38]

Answer:

Data mining

Explanation:

Data mining software are programs that are used by companies to be able to process and analyze big amounts of information to find tendencies, make predictions and develop more effective strategies. According to this, the answer is that data mining software analyzes vast stores of historical business data that have been prepared for analysis in corporate data warehouses and tries to discover patterns, trends and correlations hidden in the data.

6 0

3 years ago

The inflation rate is 12 percent, and the central bank is considering slowing the rate of money growth to reduce inflation to 8

Alenkinab [10]

Answer:

False

Explanation:

economist Kenji supports contractionary monetary policy because he believes that expectations adjust quickly in response to changes in policy and the efforts made by fed( an decrease in government spending and/or an increase in taxes) will be worth and the costs of reducing inflation will be less.

Whereas economist Eric, thinks that change in money supply is not a good idea to reduce inflation as it will work very slowly.

8 0

3 years ago

The first year of operations for a company was Year 1. The net income for Year 1 was $20,200 and dividends of $12,100 were paid.

Mekhanik [1.2K]

Answer:

$37,200

Explanation:

The amount of retained earnings is calculated by using the formula below;

Amount of retained earnings = Net income - Dividends paid

In year 1, the amount of retained earnings

= $20,200 - $12,100

= $8,100

In year 2, the amount of retained earnings

= $34,200 - $5,100

= $29,100

Therefore, the amount of retained earnings at the end of year 2

= Amount of retained earnings for year 1 + Amount of retained earnings for year 2

= $8,100 + $29,100

= $37,200

8 0

3 years ago