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fenix001 [56]
3 years ago
8

What is one way a market economy affects the lives of private citizens

Business
1 answer:
vovikov84 [41]3 years ago
3 0

Freedom of individual choice is possible to the extent that the market provides options for work, developing a business, and purchasing goods and services (so long as you can afford them).

Hope this helps :)

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On July 8, Jones Inc. issued an $75,700, 8%, 120-day note payable to Miller Company. Assume that the fiscal year of Jones ends o
Marizza181 [45]

Answer:=Jones recognizes $386.9  as interest

Explanation:

Fiscal year ending July 31st

there are 23 days between when the cash as issued ie July 8 and the end of the fiscal year on July 31st

Given amount or Principal amount = $75,700

Rate= 8%

Interest = Principal x Rate x Time

  $75,700 x 8% x 23/360=$75,700 x 0.08 x 23/360

=$386.9

Jones recognizes $386.9  as interest in the current fiscal year.

3 0
3 years ago
Imagine that you are a pecan farmer in Georgia. If the same trends hold true for nut production as maple syrup production, where
Dimas [21]

Answer:

You be looking to relocate your business to Delaware

Explanation:

Delaware is one of the 50 states of the United States, in the Mid Atlantic region. The weather condition in Delaware is very conducive in growing a maple tree.

8 0
3 years ago
On November 2, 2020, Bramble Company has cash sales of $6120 from merchandise having a cost of $3540. The entries to record the
Crank

Cash will be debited and sales will be credited by $6,120 and cost of good sold with be debited and inventory will be credited by $3,540.

A journal entry is the act of maintaining or producing records of any economic or the non-economic transaction. An accounting journal, which shows a company's debit and credit balances, records transactions. The journal entry may have many records, each of which is either a debit or a credit.

The journal entry to record days cash sales would be as given below:

Cash (Dr)                     $6,120

   To sales                                 $6120

(Being cash sales of $6,120)

Cost of good sold  (Dr)  $3,540

    To inventory                          $3,540.

(Being cost of cost of good sold)

 

To know more about journal entries click here:

brainly.com/question/14279491

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7 0
2 years ago
Shawn works 40 hours a week as a store manager. If he made 27040 last year how much was he paid per hour
Klio2033 [76]
First we find out how many weeks are in 1 year:
1 year = 52.1429 weeks

Then we find out how many hours he worked in a year  by multiplying the number of hours he worked by the number of weeks there are in a year:
40 hrs/week x 52.1429 hrs/year = 2,085.716 hrs

Finally we divide:
27,040 dollars/year by 2,085.716 hrs

Afterwards we get 12.964372906, or to make it simpler we would round and get 12.96 dollars/hour

So your answer is $12.96 per hour.
7 0
3 years ago
If a large firm plans to become more competitive in its market space and has already decreased its production costs using econom
olga nikolaevna [1]

It would work to expand its competitive products into other countries and offer a variety to customers is the answer.

Intra-industry trade means exchanging similar products in the same industry. The term is commonly used in international trade where the same type of goods or services are imported and exported.

Intra-industry trade can be broadly defined as a situation in which countries import and export essentially the same product at the same time. For example, the United Kingdom both exports and imports cars to Sweden.

However, most of the trade is intra-industry trade. That is, the trade of goods within the same industry from one country to another. For example, the United States produces and exports automobiles and imports automobiles.

Learn about import and export here:brainly.com/question/13663581

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7 0
1 year ago
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