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3 years ago

Two major virtues of the market system are that it:

Business

1 answer:

podryga [215]3 years ago

4 0

The correct answer is allocates resources efficiently and allows economic freedom.

The market system of economics is one where economic decisions and the pricing of goods and services are guided solely by supply and demand and there is limited to no government interaction in the economy. Because of this, two major virtues of the market system are that it allocates resources efficiently and allows economic freedom.

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Carly Company plans to depreciate a new building using the double declining-balance depreciation method. The building cost is $9

ahrayia [7]

Answer:

Straight line method rate = 1/ Number of years * 100 = 1/25*100 = 4%

Double declining balance depreciation = 2*Straight line method rate*Book value

First Year depreciation = 8%*$960,000

First Year depreciation = $76,800

Second year depreciation = 8% * (Book Value as on 1st year - First Year depreciation)

Second year depreciation = 8%*($960,000-$76,800)

Second year depreciation = 8%*$883,200

Second year depreciation = $70,656

4 0

2 years ago

Suppose that capital becomes more productive. What would we expect to happen? Choose one:

Nata [24]

Answer:

D. The equilibrium interest rate and amount invested would both increase

Explanation:

Investment spending is a significant classification of actual GDP. Not exclusively is it the most unstable piece of real GDP; however, speculation spending on physical capital is additionally a significant supporter of financial development. Things being what they are, if a firm needs to construct another processing plant, where does it get the assets to assemble it? The investment of loanable assets depends on investment funds. The interest in loanable assets depends on getting.

6 0

2 years ago

Sunshine Blender Company sold 3000 units in October at a sales price of $45 per unit. The variable cost is $25 per unit. Calcula

Alekssandra [29.7K]

Answer:

Total contribution margin= $60,000

Explanation:

Giving the following information:

Units sold= 3,000

Selling price per unit= $45

Unitary variable cost= $25

First, we will calculate the unitary contribution margin:

Unitary contribution margin= 45 - 25= $20

Now, total contribution margin:

Total contribution margin= 3,000*20= $60,000

5 0

2 years ago

Trying to help your business and others with similar goals by trading information, including contacts and referrals, is called

hjlf

Networking is the process where people is trying to help business and others with similar goals by trading information including contacts and referrals.
Business networking is one way of expanding business and trying to find more members to join their business.

8 0

2 years ago

Read 2 more answers

On October 31, 2016, the balances of the accounts appearing in the ledger of Prestige Furnishings Company, a furniture wholesale

ohaa [14]

Answer and Explanation:

A. The preparation of the multiple income statement is presented below:

Prestige Furnishings Company

Multiple-step income statement

For the year ended October 31, 2016

Sales $6,144,850

Less: Cost of goods sold -$3,925,500

Gross profit $2,219,350

Less: Operating expenses

Administrative expenses -$515,750

Selling expenses -$732,500

Supplies expenses -$92,700

Total operating expenses -$1340,950

Operating income $878,400

Non operating income or others

Less: Interest expense -$9,950

Net income $868,450

B. The major advantage is that the multiple-step income statement reflects the relationship between the gross profit ratio i.e gross profit to sales that expressed in a percentage form and it also depicts the multiple levels indicating the operating expenses, operating income, non operating income, etc

6 0

2 years ago