In free enterprise when businesses can complete against each to sell their goods and services to buyers.
<h3>What is
free enterprise?</h3>
Free enterprise, can be described as the free market or capitalism, which is an economic system driven by supply and demand.
In this case, it should be noted that In free enterprise when businesses can complete against each to sell their goods and services to buyers.
We can conclude that in a free Enterprise, the economy is been driven by the demand and the control of the market is with the businesses as well as the consumer and in this type of market, there is no invention of the government and they do not hold any central plan.
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Answer:
c) $4,000
Explanation:
The only funding needed is the difference between revenue and expense.
For year 1: funding required is $9,000 -$5000 = $4000
For year 2: funding required is$ 9,000 - $8000 = $1000
For year 3: funding required is $9000 -$10,000 = -$1000
cumulative funding = $4000, + $1000 + (-$1000)
=$5000 - $1000
=$4000
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Answer:
<u>Flint Company </u>
DR Merchandise <u>$1,050</u>
CR Accounts Payable <u>$1,050</u>
(<em>To record purchase of merchandise</em>)
<u>Windsor Inc.</u>
DR Accounts Receivable <u>$1,050</u>
CR Sales <u>$1,050</u>
(<em>To record sale of merchandise</em>)
DR Cost of Goods Sold <u>$660</u>
CR Merchandise Inventory <u>$660</u>
(<em>To record change in stock from sale of merchandise</em>)
Answer:There will be negative shift in demand and a negative shift in supply.
Explanation:The increase in workers wages is a is a major determinant the inluences the cost of production.It therefore stand to reason that if the cost production in increasesd by workers wages,then the total cost of production will equally be increased leading to an increase in price of the product in question.The increases will be passed on the consumers in a form of higher prices which will eventually reduce tje demand for the product and hence a negative shift in demand and supply.