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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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PtichkaEL [24]

Answer:

Income effect

Explanation:

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3 years ago

At the end of the prior year, Doubtful Inc. had a deferred tax asset of $18,500,000 attributable to its only timing difference,

iren [92.7K]

Answer:

Journal entries to record Doubtful's income tax expense for the current year.

No Account titles and Explanation Debit'$ Credit'$

1 Income tax expense 8,945,000

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[(42,000,000*35%) - 18,500,000]

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[(14,700,000*35%)]

(To record tax expenses)

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7 0

3 years ago

Regina pays her credit card balance in full each month. Last month her average daily balance was $345 and the APR is 11.2%. The

blondinia [14]

Answer: The correct answer is False.

Explanation: When a customer pays off their credit card balance in full each month there is not a finance charge, which makes this answer false. Interest in not charged to a credit card account until the prior month’s balance is not paid in full.

6 0

3 years ago

Selecting the best alternative system involves:

MissTica

Answer:

The correct answer is letter "E": both A and B.

Explanation:

At the moment of creating a strategic plan, companies must also outline contingency strategies in case the master plan does not work. These contingency plans work as alternative systems that, just like the master plan, englobe all the activities and steps the firm will follow to keep the business up and running.

Therefore, the alternative systems also include the resources available the firm counts on to conduct its operations which will also let the company be aware of the limits it has in the for its day-to-day and long-term activities.

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3 years ago

Katherine gives piano lessons for $20 per hour. She also grows flowers, which she arranges and sells at the local farmer’s marke

Debora [2.8K]

Answer:$100

Explanation:

Accounting profit is total earnings less total cost.

Accounting profit = Total revenue - Total cost

$150 - $50 = $100

Economic profit = Accounting profit - Opportunity cost

$100 - ($20 ×5) = 0

6 0

4 years ago