Answer:
The correct answer to the following question will be "Mixed economy".
Explanation:
A Mixed economy is described in different ways as an economic structure that combines elements of markets along with the elements of socialist economies, free markets with state expansionism, or private enterprise with the social sector.
The key characteristics of the mixed economy are as follows:
- The co-existence of the public and private sectors.
- Private Sector Policy.
- Reduction of wealth and income inequalities.
- The motive of concern for business.
It's an economy where most decisions related to economic derive from the engagement between sellers and buyers in markets, but for which the government plays an important role throughout the distribution of resources.
Therefore, a Mixed economy is the right answer.
Answer:
The sales budget
Jefferson Sports Medicine, Inc budgets sales budget (Amounts in $)
Months
Physical examination July August September Total
Basic physical 13,200 14,100 6,300 33,600
Extended physical 25,650 27,000 14,850 <u>67,500</u>
<u> 101,100 </u>
Explanation:
The sales expense shows the forecasted of sales from the various types of physical examination for a given period. These include the sales expected from Physical examination. The sales are the products of the charge per examination and the number of examinations conducted. It may be computed as follows;
July;
Physical examination
= $60 * 220
= $13,200
Extended physical
= $135 * 190
= $25,650
August
= $60 * 235
= $14,100
Extended physical
= $135 * 200
= $27,000
September
= $60 * 105
= $6,300
Extended physical
= $135 * 110
= $14,850
Advertising is a paid form of communication, delivered through media from an identifiable source, about a service, product and Idea.
<h3>What is advertising as a form of communication?</h3>
A product or service's customers can be reached through advertising. According to the Advertising Association of the UK, advertisements are messages that are paid for by those who send them and are meant to inform or persuade individuals who receive them.
The advertising industry is made up of businesses that advertise, agencies that produce the ads, media that run the ads, and a large number of individuals who take the ads all the way to the consumer or recipient, including copy editors, visualizers, brand managers, researchers, creative minds, and designers.
Learn more about advertising, here:
brainly.com/question/3163475
#SPJ1
Answer:
<em>Computation of the interest expense using the equation as shown below:
</em>
Interest expense for year 1 = Notes payable * Interest rate
= $100,000 * 10%
= $7,000
Notes payable reduction in Year 1 = $14,238 - $7,000
= $7,238
General journal entry
Item Debit Credit
<em>Notes payable $7,745</em>
Interest expense $6,493
Cash $14,238
Workings
Interest expense = ($100,000 - $7,238) * 7%
= $92,762 * 7%
=$6,493
