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alexdok [17]
3 years ago
6

What are the potential benefits of moving from a command economy to a market-based system?

Business
1 answer:
Nataly_w [17]3 years ago
3 0

Some benefits citizens of a centrally planned economy derive from a move toward market based system are: Greater efficiency of resource use. Determines the types of goods and services to be produced the method in which they will be produced and the allocation of finished products.

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Madison Corporation sells three products (M, N, and O) in the following sales mix: 3:1:2. Unit price and cost data are: M N O Un
damaskus [11]

Answer:

Products    Selling price   Unit variable cost   Contribution per unit

                        $                           $                             $

M                      7                           3                             4

N                       6                          2                             4

O                       6                          3                             3

                        19                          8                            11

Break-even point in composite units

= <u>Total fixed cost</u>

  Contribution per unit

= <u>$340,000</u>

         $11

= 30,909 units

Break-even point for the current sales mix

M    3/6 x 30,909 units = 15,455 units

N     1/6 x 30,909 units = 5,151 units

O     2/6 x 30,909 units = 10,303 units

Explanation:

In this case, we need to calculate contribution per unit of each product by deducting the unit variable cost of each product from their respective selling prices. Then, we will obtain the break-even point in composite units by dividing the total fixed cost by overall contribution per unit.

Then, we will determine the break-even point for the current sales mix by multiplying the proportion of each product in the sales mix by the break-even point in composite units.

8 0
4 years ago
Having which trait will enable you to deal with people in a way that does not offend them?
nadya68 [22]
It may be interpersonal skills but I’m not very sure
6 0
3 years ago
Read 2 more answers
What do you think the curves would look like in the next 100 years?
9966 [12]

Answer:The last 100 years have seen a massive fourfold increase in the population, due to medical advances, lower mortality rates, and an increase in agricultural productivity made possible by the Green Revolution.

4 0
2 years ago
What does a speech-language pathologist do?
klasskru [66]

Answer:

they help treat and prevent disorders affecting an adult or a childs swallowing.

Explanation:

so basically, people who have trouble speaking or swallow alot while trying to speak see a speech-language pathologist to get treatment to be able to prevent this from happening and improving their speech. Not all cases have to do with swallowing sometimes its just a persons speech itself, sometimes even lisps.

3 0
3 years ago
A company just starting in business purchased three merchandise inventory items at the following prices. First purchase $62; Sec
DENIUS [597]

The gross profit for the period would be $81.

<h3>What is FIFO?</h3>

According to the accounting principle known as first in, first out (FIFO), assets that are bought or acquired first are also the first to be sold. According to FIFO, the inventory still on hand is made up of products that were bought last.

Given that, the company made the first purchase at $62; second purchase at $69, and third purchase at $60.The company sold two units for a total of $212 and used FIFO costing.

Cost price of first two items = $62 + $69

                                           = $131

The company sold two units at $212

Gross profit = $212 - $131

                   = $81

To understand more about FIFO costing refer to: brainly.com/question/11493725

#SPJ4

7 0
2 years ago
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