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4 years ago

What are the weak points of economic costs that are part of a free enterprise economy?

Business

2 answers:

svlad2 [7]4 years ago

7 0

Answer:

competition is allowed to flourish with a minimum of government interference.

Yha I know its short.

Zielflug [23.3K]4 years ago

3 0

The Definition of free enterprise would be competition is allowed to flourish with a minimum of government interference.

So the weak points or cons of this economy would be

the risk when creating a new product, profit is also a risk. Business owners don't know if their product will be a success or a fail. (Efficiency at a Cost)

- inflation. This is the biggest danger of economic growth. When the demand outgrows supply, it sets the scene for companies raising prices. This sort of disparity can have a very bad chain reaction (Economic Growth Rates)

Hope this helped.

Cody

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Copley Pharmaceutical, Inc. recently pled guilty to federal criminal charges for falsifying drug manufacturers’ reports to the F

vlabodo [156]

Answer:

a) Business ethics.

Explanation:

Business ethics are moral principles that guide the way a business behaves. The same principles that determine an individual”s actions also apply to business. Acting in an ethical way involves distinguishing between “right” and “wrong” and then making the “right” choice.

Falsifying drug manufacturers’ reports to the Food and Drug Administration is a felony and is "Wrong"

5 0

4 years ago

Nash Incorporated factored $156,000 of accounts receivable with Crane Factors Inc. on a without-recourse basis. Crane assesses a

ella [17]

Answer:

Nash Incorporated,

Dr Cash $143,520

Dr Due from Factor $9,360

Dr Loss on Sale of Receivables $3,120

Cr Accounts Receivable $156,000

Crane Factors

Dr Accounts Receivable $156,000,

Cr Due to Customer Nash $9,360

Cr Interest Revenue $3,120

Cr Cash $143,520

Explanation:

Preparation of the journal entry for Nash Incorporated and Crane Factors to record the factoring of the accounts receivable to Crane.

Nash Incorporated,

Dr Cash $143,520

($156,000-$9,360-$3,120)

Dr Due from Factor $9,360

(6%*$156,000)

Dr Loss on Sale of Receivables $3,120

(2%*156,000)

Cr Accounts Receivable $156,000,

Crane Factors

Dr Accounts Receivable $156,000,

Cr Due to Customer Nash $9,360

(6%*$156,000)

Cr Interest Revenue $3,120

(2%*156,000),

Cr Cash $143,520

($156,000-$9,360-$3,120)

8 0

3 years ago

For tonight’s concert Harold decided to charge general admission, where all of the were the same price. He set the price at $10

garik1379 [7]

Answer: $130,000

Explanation:

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3 years ago

Generally, a state's statute of frauds will cover what type of contract

Dima020 [189]

This is a<span> statute which requires certain types of contracts </span>to be in writing<span> in order to be enforceable.
</span>

There will be 5 but please do read these to ensure you know them friend.

1: Contracts for the sale or lease of or a mortgage on real property. (Land, etc)

2: Contracts that cannot by their terms be performed within one year after the date was formed.

3: Collateral contracts such as promises to answer for the debt or duty of another individual.

4: Promises that are made in consideration of marriage.

5: Contracts as we went over before for the sale of goods of $500 or more.

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3 years ago

Coal Miner Co. acquired coal rights for $100,000,000. It is estimated that there are 2,500,000 tons of the resource, and during

Nina [5.8K]

Answer:

Explanation:

To estimate the amount of depletion for the current year?

We need to know the rate of depletion which

$100,000,000/2,500,000 = $40/ton

The amount of depletion for the current year will be

$40/ton x 500,000 tons = $20,000,000

6 0

3 years ago

Read 2 more answers