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3 years ago

What kind of economy offers uniformity in wages regardless of individual productivity?

1 answer:

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Command and socialist economies offer uniformity in wages regardless of individual productivity. In these economies, they are set up to pay each worker the same regardless of the amount of work they put in at work. In a command or socialist economy, the state owns and controls all factors of goods, services and production.

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Velma contracts with Gordon, who agrees to build a stone retaining wall and French drain on her property. The wall and drain are

dlinn [17]

Answer:

Mitigate her damages.

Explanation:

In this scenario, Velma contracts with Gordon, who agrees to build a stone retaining wall and French drain on her property. The wall and drain are necessary to prevent erosion of her land, which is falling into the creek on her property at a rapid rate. If Gordon breaches the contract by failing to get to work, Velma is under a legal obligation to mitigate her damages.

Velma has the legal rights and responsibilities to make sure she does anything humanly possible to reduce or lessen the damages to her property.

She could sue Gordon for not getting to work or failing to start work thereby causing more damage.

7 0

3 years ago

The Murdock Corporation reported the following balance sheet data for 2018 and 2017: 2018 2017 Cash $91,805 $30,755 Available-fo

worty [1.4K]

Answer:

net income $63,000

+ depreciation $51,700

- gain on sale of equipment ($1,650)

change in current assets:

- increase in accounts receivables ($13,050)

- increase in inventory ($21,300)

+ decrease in prepaid insurance $630

change in current liabilities:

- decrease in accounts payable ($73,630)

- decrease in salaries payable ($5,800)

- decrease in notes payable ($51,300)

<u>net cash provided by operating activities ($51,400)</u>

Explanation:

2018 2017

Available-for-sale debt securities (not cash equivalents) 22,000 98,000 INVESTING ACTIVITY

Accounts receivable 93,000 79,950 = -13,050

Inventory 178,000 156,700 = -21,300

Prepaid insurance 2,670 3,300 = 630

Land, buildings, and equipment 1,276,000 1,138,000, INVESTING ACTIVITY

Accumulated depreciation 623,000 585,000 = 38,000 + 13,700 = 51,700

Accounts payable $88,040 $161,670 = -73,630

Salaries payable 25,200 31,000 = -5,800

Notes payable (current) 36,700 88,000 = -51,300

Bonds payable 213,000 0 FINANCING ACTIVITY

2) Equipment costing $20,000 with a book value of $6,300 was sold for $7,950 = 13,700 added to accumulated depreciation, -1,650 gain on sale

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3 years ago

Jacob, who accumulated some debt when he was in college, wants to eliminate his debt. now that he is working, he can put $100 ex

Pavlova-9 [17]

Answer:

The answer is $3700.

Explanation:

5 0

3 years ago

Artville is deciding whether to purchase a new statue for the center of town. The statue will cost the city $17,000 and will onl

Flauer [41]

Answer: a. $3,400 households

b. No.

Explanation:

a. The cost of the statue is $17,000 and each household is asked to contribute $5 to help cover the cost. To find out how many families one can divide the amount needed by the amount asked of the households,

= 17,000/5

= 3,400 households

If 3,400 households each pay $5 then the town of Artville will be able to afford the statue.

b. This question speaks to a social problem referred to a the Free-rider problem. This is when people in society benefit from something without contributing fairly towards the benefit they are accruing from the thing. 3,000 households out of 4,000 are expected to be free-riders. This means that only 1,000 will cover the cost of the statue.

If those 1,000 households pay the $14 required, the town would only raise,

= 1,000 * 14

=$14,000

$14,000 is less than the cost of the statue which is $17,000 and so the town of Artville will have to do without a statue as they simply cannot afford one.

3 0

3 years ago

What is the main concern some people have about credit cards and digital payments

AlladinOne [14]

Answer:

here’s the answer

Explanation:

8 0

3 years ago