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3 years ago

There is always some degree of government involvement in a mixed economy. O True O False

Business

2 answers:

GenaCL600 [577]3 years ago

5 0

B it doesn’t have to be mixed

krek1111 [17]3 years ago

3 0

Answer:

The answer is true. In mixed market economies, government plays a major role as an employer, regulator and a facilitator of infrastructure to the private sector.

However, what must be remembered is that in every economic system, government involves in the economic activities to a certain degree, whether it's capitalist, command or mixed.

Explanation:

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Pincus Associates uses the allowance method to account for bad debts. During 2021, its first year of operations, Pincus provided

Luba_88 [7]

Answer:

Pincus Associates

Journal Entries:

a. Debit Allowance for Uncollectibles $4,800

Credit Accounts Receivable $4,800

To write off uncollectible accounts.

b. Debit Bad Debts Expense $5,470

Credit Allowance for Uncollectibles $5,470

To record bad debts expense for the period.

Explanation:

a) Data and Calculations:

Services on account = $119,000

Uncollectibles written off = $4,800

Cash collections on accounts = $100,800

Accounts receivable balance = $13,400 ($119,000 - 4,800 - 100,800)

Estimated uncollectible allowance = 5% of accounts receivable balance

= $670 ($13,400 * 5%)

Analysis:

a. Allowance for Uncollectibles $4,800 Accounts Receivable $4,800

b. Bad Debts Expense $5,470 Allowance for Uncollectibles $5,470 ($4,800 + $670)

4 0

2 years ago

According to arnold and bustos, which two sectors of the US economy are the mot carbon-intensive?

Stels [109]

Answer: Transportation and electricity generation

Explanation:

According to Arnold and Bustos, the two sectors of the United States economy that are the most carbon-intensive are the transportation sector and the electricity generation sector.

The transportation sector contributes a lot to the emissions of greenhouse gas emissions as they typically come when fossil fuel for ships, vans, planes, motorcycles, cars etc are burned. Also, the generation of electricity is also carbon intensive as carbon is being powered in order to generate electricity.

7 0

2 years ago

What is unlimited liability?

Vladimir [108]

Unlimited liability refers to the legal obligations general partners and sole proprietors because they are liable for all business debts if the business can't pay its liabilities.

6 0

2 years ago

An investor purchases a stock for $39 and a put for $0.55 with a strike price of $32. The investor sells a call for $0.55 with a

Archy [21]

Answer:

The maximum profit and loss for this position is $3 and -$7 respectively

Explanation:

The computations are shown below:

For maximum profit:

= Strike price at the sale - stock price + put price - call price

= $42 - $39 + $0.55 - $0.55

= $3

For maximum loss:

= Strike price at purchase - stock price + put price - call price

= $32 - $39 + $0.55 - $0.55

= -$7

Simply we take the difference between the strike price ,and the stock price and after that the put and call price are adjusted

3 0

3 years ago

What happens when a bond becomes due?

katen-ka-za [31]

When you buy a bond, you're lending your money to a company or a government (the bond issuer) for a set period of time (the term). The term can be anywhere from a year or less to as long as 30 years. In return, the issuer pays you interest. On the date the bond becomes due (the maturity date), the issuer is supposed to pay back the face value of the bond to you in full.

6 0

3 years ago

Read 2 more answers