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The profit and loss system of capitalism helps entrepreneurs determine the

mrs_skeptik [129]

Answer:

best combination of resources to use to produce a product.

Explanation:

Capitalism also referred to as free-enterprise system or free market can be defined as a type of economy in which prices, products and services are being determined by the market rather than the government. Thus, capitalism is devoid (free) of government regulations, interference or control because the market (enterprises) are the ones who are saddled with the responsibility of determining the market forces.

Simply stated, a pure capitalism is a type of economy that is completely driven by demand and supply of goods and services.

In a society, the role of an entrepreneur is mainly focused on bringing the four (4) factors of production together and take the risks of producing output, so as to generate revenue through sales and make economic profits in the long-run.

Hence, the profit and loss system of capitalism helps entrepreneurs determine best combination of resources to use to produce a product.

4 0

3 years ago

Top managers creating a mission statement and functional employees determining the content of a script for a sales call are both

Marizza181 [45]

Answer:

c. product level

Explanation:

4 0

2 years ago

Tobin Supplies Company expects sales next year to be $520,000. Inventory and accounts receivable will increase $90,000 to accomm

elena-s [515]

Answer:

$17,200

Explanation:

Calculation to determine How much external financing will Tobin Supplies Company have to seek

Net Income=[$520,000 x 20%]

Net Income = $104,000

Dividend Pay-out= [$104,000 x 30%]

Dividend Pay-out = $31,200

Additions to Retained Earnings = [$104,00 - $31,200]

Additions to Retained Earnings=$72,800

Now let determine the The External Financing Needed using this formula

The External Financing Needed = Increase in Assets – Additions to retained earnings

Let plug in the formula

The External Financing Needed= $90,000 - $72,800

The External Financing Needed= $17,200

Therefore The External Financing Needed is $17,200

7 0

3 years ago

Carlos transfers property with a tax basis of $500 and a fair market value of $800 to a corporation in exchange for stock with a

12345 [234]

Answer:

c. $550

Explanation:

Property has transfered by Carlos, and at the time of Transfer Carlos basis on the Property is $500.

So, from "Carryover basis" rule:

Corporation Tax basis on Property is = Basis of Carlos + Gain recognised.

= $500 + $50

= $550.

Therefore, The corporation's tax basis in the property received in the exchange is $550

4 0

3 years ago

The nurse manager working at a rehabilitation center for older adults notices an increase in the incidence of client falls. The

olga_2 [115]

Answer:

Autocratic Leadership

Explanation:

Autocratic leadership is a leadership style represented by immediate individual control across all choices and hardly any contribution or feedback from members of the group.

Usually, autocratic rulers create decisions based on their thoughts and opinions and seldom accept members' suggestions.

3 0

3 years ago