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3 years ago

B. At one time, the centrally planned economy of China encouraged farmers to produce

Business

1 answer:

gladu [14]3 years ago

3 0

Answer:

At one time, the centrally planned economy of China encouraged farmers to produce iron in their backyards, rather than have factories make iron. This proved unsuccessful, since most of the farmers' iron was of poor quality. Why do you think this approach was unsuccessful? How could this experiment become a success in a free market economy?

The reason why the approach whereby farmers make iron in their backyard could not work out is as a result of not being inclined in that market as they are only skilled in agriculture, also they do not understand the rhetorics of the business.

The experiment would be a success in a free market as anyone is allowed to sell such product, this gives room for competition and helps to price reduction which is good for the consumers, also it would help in improvement of such product's quality because of competition involved

Explanation:

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Granite Company purchased a machine costing $128,000, terms 3/10, n/30. The machine was shipped FOB shipping point and freight c

Alborosie

Answer:

machine enter the accounting at 138,210 dollars

Explanation:

cost: 128,000 x ( 1 - 3%) = 124,610

shipping cost: 2,800

installation cost: 10,800

total incurred cost

to leave the machine

ready for use: 138,210

The damge are expenses for the period as they arent a necessary cost to utilize the machine.

The company used the discount price over the list price as this is the atual cost incurred

8 0

3 years ago

Unearned revenues are generally: Multiple Choice Revenues that have been earned and received in cash. Increases to common stock.

Leto [7]

Answer:

i dont get it, is there a question?

Explanation:

6 0

3 years ago

Check My Work (1 remaining) Fraud detection is an important element of minimizing losses from fraud, and it is important that fr

Alexandra [31]

<h2>True. The early detection of fraud avoids greater loss.</h2>

Explanation:

The early detection of fraud needs to be done for the following reason:

Fraud will continue if not found earlier and thus leads to greater loss
The fraud team is not widen before huge loss happens
Easy to recover
Possibility of finding the loop holes even if it is from external sources
Detects weakness in the internal control and eradicate and make the system secure
Avoid huge loss and threats
To gain profits
To keep up the name of the organization
To bring business and to retain customers

4 0

3 years ago

What do people purchase as a form of risk management to protect themselves from losing a lot of money in the event something hap

MaRussiya [10]

They purchase insurance.

6 0

3 years ago

Read 2 more answers

The only way to decrease your lifestyle budget is by completely eliminating an item.

N76 [4]

Answer:

False

Explanation:

A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on periodic basis.

The first step of the budgeting process is to prepare a list of each type of income and expense that will be part of the budget.

A lifestyle can be defined as the way and manner an individual chooses to live his or her life. Similarly, a lifestyle budget comprises the cost of goods and services an individual has chosen to spend his or her money on.

Basically, completely eliminating an item isn't the only way to decrease a lifestyle budget because there could be similar items that even cost way more than the eliminated item.

Some of the benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.

7 0

3 years ago