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crimeas [40]
3 years ago
12

"Government works to create a competitive marketplace because it believes competition helps markets function well. Yet governmen

t also awards patents, which prevent competition. Why are both competition and the patent system, seemingly working at cross purposes, essential to creating a large economic pie
Business
1 answer:
Mkey [24]3 years ago
7 0

Answer:

The correct answer is that both competition and patent system encourages business owners to grow and develop better in circunstances.

Explanation:

To begin with, a <em>competitive marketplace</em> generates the free entrance from entrepreuners to the market no matter how many other competitors are and it also encourages every company to make their products or services better for the consumers due to the fact that if the do not do that then the other competitors will, therefore that competition makes the best of every party.

Secondly, the <em>patent system</em> does also encourages the business owners and helps the economy because it assures them that no matter how many competitors there are, the product that they invent will be protected by the federal government and the law so they will be free to create something unique and obtain big profits from that.

To sum up, the reason why both the competition and the patent system are essential to creating a large economic pie is due to its capacity of encouraging the business owners to grow and develop.

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Working on a song for someone I used to love
maxonik [38]

Answer: this is awsom do we have to add on or no but this is the best lyiric ever lol

Explanation: great job

6 0
2 years ago
Ansara Company had the following abbreviated income statement for the year ended December 31, 20Y2:_________.
klemol [59]

Answer:

Ansara Company

a. Ansara Company  Variable Costing Income Statement

For the Year Ended December 31, 20Y2 (in millions)

Sales                                                                         $ 21,920

Variable cost of goods sold:

Beginning inventory                             $ 1,841

Variable cost of goods manufactured 13,810

Ending inventory                                    2,149

Total variable cost of goods sold                               17,800

Manufacturing margin                                               $4,120

Variable selling and administrative expenses              870

Contribution margin                                                 $3,250

Fixed costs:

Fixed manufacturing costs                      $ 4,820

Fixed selling and administrative expenses 1,100

Total fixed costs                                                        5,920

Income from operations                                         $2,670

b. Explanation of the difference between the amount of income from operations reported under absorption costing and variable costing concepts:

The difference occurs as a result of cost of inventory at the beginning and at the end.  Under variable costing concept, the fixed manufacturing costs does not form part of the product costs.  They are treated as period costs.  But under absorption costing, fixed manufacturing costs form part of the product costs.

Explanation:

a) Data:

Ansara Company Abbreviated Income Statement for the year ended December 31, 20Y2: (in millions):

Sales                                       $21,920

Cost of goods sold                $18,630

Gross profit                             $3,290

Selling, administrative, and

other expenses                        1,970

Income from operations        $1,320

b) Absorption costing concept is a costing technique that includes the full cost of manufacturing (i.e. cost of direct materials, direct labor, and all fixed production costs or overheads) in the product costs.  Under variable costing concept, the full cost of manufacturing is not included in the product costs.  Instead, all the variable costs (direct materials, direct labor, and variable overhead, whether factory or not)  are included, while fixed manufacturing overheads are treated as period costs and expensed.

5 0
3 years ago
This information relates to Marigold Real Estate Agency for the month of October, 2022. Oct. 1 Stockholders invested $41,000 in
gregori [183]

Answer:

Explanation:

Journal entries:

Oct 1

Dr Cash 41,000

Cr Common stock 41,000

Oct 2

No entry

Oct 3

Dr Equipment 4,400

Cr Accounts payable 4,400

Oct 6

Dr Accounts receivable 13,000

Cr Sales 13,000

Oct 10

Dr Cash 170

Cr Service revenue 170

Oct 27

Dr Accounts Payable 880

Cr Cash 880

Oct 30

Dr Salaries expense 2,500

Cr Cash 2,500

4 0
3 years ago
Read 2 more answers
Susan buys a new cell phone priced at $145 and agrees to pay for it over 12 months with 10% simple interest. What is her monthly
algol [13]

Answer:

Monthly payment 13.

Explanation:

No Mont Capital Interest

   

1         13 12 1

2         13 12 1

3         13 12 1

4          13    12 1

5          13 12 1

6          13 12 1

7         13 12 1

8          13 12 1

9         13 12 0

10         13 12 0

11          13 13 0

12         13 13 0

     153   145 8

6 0
3 years ago
What is a appropriately
garik1379 [7]

Answer:

-What is a appropriately?

in a manner that is suitable or proper in the circumstances.

-What is a Procedure?

an established or official way of doing something.

-What is a Enthusiasm?

Enthusiasm is intense enjoyment, interest, or approval. The word was originally used to refer to a person possessed by God, or someone who exhibited intense piety.

-What is a Conflict?

a serious disagreement or argument, typically a protracted one.

-What is a Technique?

A technique is a method of doing some task or performing something.

-What is a Obtain?

to come into possession of; get, acquire, or procure, as through an effort or by a request: to obtain permission; to obtain a better income.

-What is a conflict management?

Conflict management is the process of limiting the negative aspects of conflict while increasing the positive aspects of conflict

(^o^)

6 0
3 years ago
Read 2 more answers
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