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3 years ago

For what purpose are goods and services produced in a socialist economy?

Business

2 answers:

TEA [102]3 years ago

7 0

the answer is d. to meet all consumer needs!!

hope this helps!

gizmo_the_mogwai [7]3 years ago

6 0

Answer:

Explanation:

their usefulness.

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Assume that the real GDP in Year 2022 is $8000 and the GDP deflator is 200. Calculate the Nominal GDP. Show your work. *

zloy xaker [14]

Answer:

i dont k but I needed points

Explanation:

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6 0

3 years ago

On the basis of the following data taken from the Adjusted Trial Balance columns of the work sheet for the year ended March 31 f

max2010maxim [7]

Answer:

Banes Domino's Company

Closing Entries

Date Acct.No Account Debit Credit

9 Income Summary 329,000.00

11 Salary Expense 244,500.00

12 Rent Expense 48,000.00

13 Depreciation Expense 25,000.00

14 Supplies Expense 9,500.00

15 Miscellaneous Expense 2,000.00

Expenses are closed to Income Summary Account.

10 Fees Earned 510,000.00

9 Income Summary 510,000.00

Revenue Accounts are closed to Income Summary Account.

9 Income Summary 181,000.00

Jack Banes, Capital 181,000.00

To close Income Summary Account

Jack Banes, Capital 47,000.00

Jack Banes, Drawing 47,000.00

To Close withdrawals account.

5 0

3 years ago

Use the graph to answer the question that follows. Graph has quantity along the horizontal axis and price along the vertical axi

Jlenok [28]

The statement that would describe the shift from D1 to D2 is Demand for the product increased.

<h3>Why was there a shift from D1 to D2?</h3>

D2 is a curve that is to the right of D1 which means that it represents a higher level of demand for goods and services.

This means that for the demand to move from D1 to D2, there must have been an increase in the demand for the good or service and this could have been for any number of reasons including a reduction in the price of complimentary goods.

Find out more on determinants of demand at brainly.com/question/1245771

#SPJ1

8 0

1 year ago

Mary Sunny began business as Sunny Law Firm on November 1. Record the following November transactions by making entries directly

Alenkinab [10]

Answer:

Dr. Cash 15000

Dr. Law Library (Asset) 6000

Cr. Mary (Capital Account) 21000

Dr. Office equipment 7500

Cr. Account Payable 7500

Dr. Cash 1500

Cr. Income / Revenue 1500

Dr. Account Payable 3500

Cr. Cash 3500

Dr. Account Receivable 4000

Cr. Income / Revenue 4000

Dr. Marry (Capital Account) 2000

Cr. Cash 2000

Dr. Cash 2500

Cr. Account Receivable (e) 2500

Dr. Salary Expense 2500

Cr. Cash 2500

Explanation:

*Trial Balance and T accounts are made in an MS Excel file which is attached please find.

Download xlsx

3 0

3 years ago

Daniel wanted to start his own small business. After spending his own money on marketing research, Daniel asked his friend Chase

Nuetrik [128]

Given that Daniel spent months writing a business plan, this goes to show that Daniel understands the steps needed to start a small business.

<h3>What is a business plan?</h3>

This is a plan that shows the details of a business company. The document shows the objectives that the company has.

This document also tells how the business plans to go about achieving all the goals that it has set for itself.

Read more on business plans here:brainly.com/question/25311149

6 0

2 years ago