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Paul [167]
3 years ago
8

Which of the following statements does not apply to a market economy? a. Firms decide whom to hire and what to produce. b. The "

invisible hand" usually maximizes the well-being of society as a whole. c. Households decide which firms to work for and what to buy with their incomes. d. Government policies are the primary forces that guide the decisions of firms and households.
Business
1 answer:
Semenov [28]3 years ago
7 0

Answer:

D. Government Policies are the primary forces that guide decisions of firms and households .

Explanation:

Market Economy has factors of production owned , controlled & opereated by private sector . There is entire private ownership , with profit maximisation goal . All production , consumption & distribution takes place on basis of pure market forces - (demand & supply) . It is also called Capitalist Economy .

As mentioned : a) Hiring , Production decisions taken by independent private firms b) The free market 'Invisible Hand' guides self & social welfare c) Households take labour supply & goods consumption decisions  - All these decisions taken independently by private producers & personal consumers , unintervened by government

D) Government policies guiding firms & households decision is not applicable to Market Economy , since there is no government intervention in this type of economy .

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Answer:

Explanation:

The total assets comprises of current assets, fixed assets ,and the intangible assets

The current assets includes cash, stock, account receivable, etc

Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.

And, the intangible assets include patents, copyrights, goodwill, etc.

The preparation of the classified balance sheet for Nike, Inc on  May 31, 2022 is presented in the spreadsheet. Kindly find the attachment below:

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3 years ago
4. Tom Busby owes $20,000 now. A lender will carry the debt for four more years at 8 percent interest. That is, in this particul
bezimeni [28]

Answer:

Tom Busby

His annual payment will be:

= $4,091.64

Explanation:

a) Data:

Loan = $20,000

Interest on loan for 4 years = 8% per annum

Amount of loan after 4 years = $27,200 ($20,000 * 1.360)

Payment period = 12 years

Interest rate during payment period = 11%

b) From online finance calculator:

You will need to pay $4,091 every year for 12 years to payoff the debt at 11% interest.

Monthly Payment $340.97

Annual Payment  $4,091.64

Time Required to Clear Debt 12.00 years

Total of 144 or 12 Payments = $49,099.25

Total Interest $21,899.25

8 0
3 years ago
When a company is able to expand its operations by exporting globally, it can often achieve greater economies of scale which res
gogolik [260]

When a business is able to grow by exporting its products around the world, it can frequently attain larger economies of scale, which leads to reduced unit costs.

A company's production unit cost often goes down as it grows. This reduction is the result of economies of scale. By employing the least expensive production techniques, profits will be maximized.

Consumers' prices are lowered as a result of lower cost-per-unit, which increases their real wages overall and makes it easier for them to locate affordable goods.

Businesses from one country offer their goods and services to clients or consumers in another country through the exporting process.

When a company produces more goods at a larger scale while paying less money on average per unit of output, this is a phenomenon known as economies of scale.

Learn more about economies of scale here:

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8 0
9 months ago
You recently were hired as a front line debt collection agent for a debt collection service in Michigan. Your boss assigns you t
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Answer:

need

Explanation:

3 0
2 years ago
Morris Company had the following adjusted trial balance:
kondaur [170]

Answer:

$38,100 ; $45,600 and $0

Explanation:

The computation is shown below:

For amount transferred from the income summary account to the Retained Earnings account in the third closing entry i.e net income or net loss

As we know that

Net income = Total revenues - total expenses

Commission revenue $49,700

Rent revenue $7,300

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The balance in retained earning account is

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= $22,500 + $38,100 - $15,000

= $45,600

And, the balance in depreciation expense account is zero as this depreciation expense account is closed while closing the expenses account i.e utilities expense, supplies expense and depreciation expenses

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3 years ago
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