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vlabodo [156]
3 years ago
11

A free enterprise system provides individuals the opportunity to make their own economic decisions, without restrictions from th

e government. It allows the supply and demand of consumers to determine the success or failure of an economic endeavor. As a result, some business owners have become successful, while others have not. In an essay, you will choose an entrepreneur and argue whether the free enterprise system was necessary for that individual to make an impact on the business world.
1. Write an argumentative essay that explains your position.
2. What will be the topic of the essay?
Business
1 answer:
ozzi3 years ago
5 0

Explanation:

The free enterprise system is one influenced by the market, which will determine all economic variables, such as price, products and services, and is a system independent of government control to function.

Therefore, it is correct to state that in a free enterprise system, the offer and demand of the consumer for a product or service that will be the determinant of the success or failure of an organization.

As an example of an entrepreneur, we can mention Steve Jobs, who created one of the largest technology companies in the world, Apple. The free enterprise system was one of the reasons for Apple to succeed in becoming one of the most valued companies in the world, due to the fact that it brought innovative products to the market that became examples of products of value to consumers, which made company to grow and become so successful in the market. If the company operated in a government-controlled market, it would probably have to follow specific rules and restrictions for the production of its products that could limit the company, and its performance could be restricted and not as innovative as the company in the market, which is one of the reasons why it achieved success.

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2 years ago
Identify which of the following statements is false. A. The AAA balance can be​ negative, but the​ shareholder's basis in the S
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If an investment is producing a return that is equal to the required return, the investment's net present value will be:
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The net present value would be zero.

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4 0
3 years ago
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navik [9.2K]

Answer:

Entries are given

Explanation:

We will record assets and expenses on the debit as they increase during the year and will record liabilities and capital on the credit side as they increase during the year or vice versa.

Account                                                         DEBIT           CREDIT

1

raw material inventory                            300,000  

accounts payable                                                     300,000

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2

work in process inventory- Mixing       210,000                   -  

work in process inventory- Packaging        45,000  

raw material inventory                                               255,000

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3

Factory payroll                                      258,900                   -  

Wages payable                                                      258,900

                 -  

4

work in process Labor- Mixing              182,500                   -  

work in process Labor Packaging       76,400  

Factory payroll                                                       258,900

                 -  

5

Manufacturing overhead                      810,000                   -  

overhead payable                                                       810,000

                 -  

6

work in process Mixing                             672,000                   -  

work in process Packaging                      144,000  

Manufacturing overhead                                        816,000

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7

work in process Labor Packaging          979,000                   -  

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8

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4 0
2 years ago
Owen decides to sell his ranch, Pine Ridge, in a live auction. When the auctioneer puts the property up for bids, it will be a.
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Answer:

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When a property is to be sold at an auction it involves an invitation for interested buyers to submit offers to the seller. The seller will now consider the offers and see the best one for him.

There is usually no price stated for the auction and seller goes for the highest bid.

If however if the seller says that there is no reserve price or that the reserve price was met, it can now be considered an offer in itself.

In this case Owen is offering the property at a live auction and does not state requirements for a reserve price

6 0
3 years ago
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