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3 years ago

Free-market capitalism is characterized by

1 answer:

5 0

Had to look for the options and here is my answer:
When we say Free-Market capitalism, this means that this kind of market system has their own individual decisions and are not controlled by the government. Therefore, the one that fits the blank above is this answer: <span>the right to freedom of competition. Hope this helps.</span>

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Jerry contributed $8,000 for a 25% interest in a bookstore. He also contributed a cash register, with a fair market value of $49

Marta_Voda [28]

Answer:

The Jerry's partnership basis in the bookstore at the end of the year is $23,350.

Explanation:

Workings

Contributed Capital = $ 8,000

Add: Adjusted basis of cash register = $ 350

Add: Share of Profit ($60000 X 25%) = $ 15,000

Partnership basis at the end of the year = $ 23,350

8 0

3 years ago

A mortgage of $80,000 with 2 points means the borrower would have to pay at closing $800. Group startsTrue or FalseTrue, unselec

zavuch27 [327]

A mortgage of $80,000 with 2 points means the borrower would have to pay at closing $800 is false because the real pay at closing is $1,600.

<h3>What is mortgage?</h3>

A mortgage is a loan that is used to buy or to maintain a land, home, or other sort of real estate.

The borrower checks to refund the lender over a period of time, usually in an ordination of regular installments divided into principal and interest. The property is used as security for the loan.

According to the given information,

Mortgage Amount = $80,000

Points = 2

Let the 2 points is taken as a percentage:

Point 1 = 1%, and

Point 2 = 2%

Now, as we know that in the loan process, the amount of point is cyphered at the closing. Then, the closing cost is commuted as:

$\text{Closing Cost Amount} =\text{Mortgage} \times \text{Points}\\\\\text{Closing Cost Amount} =$80,000 \times 2\%\\\\\text{Closing Cost Amount} =\$1,600$

Therefore, the given problem is false, that the borrower have to pay $800, he would have to pay only $1,600.

Learn more about the mortgage, refer to:

brainly.com/question/15074748

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3 0

2 years ago

On March 15, Summit Hawk declares a quarterly cash dividend of $0.085 per share payable on April 13 to all stockholders of recor

Sedaia [141]

The journal entries to Summit Hawk's declaration and payment of cash dividends is: Debit Dividend $18,530,000; Credit Dividend payable $18,530,000

<h3>Journal entries</h3>

March 15

Debit Dividend $18,530,000

(218,000,000 shares × $0.085)

Credit Dividend payable $18,530,000

(To record cash dividend declaration)

March 30

No entry

April 13

Debit Dividend payable $18,530,000

(218,000,000 shares × $0.085)

Credit Cash $18,530,000

(To record payment of cash dividend)

Therefore the journal entries to Summit Hawk's declaration and payment of cash dividends is: Debit Dividend $18,530,000; Credit Dividend payable $18,530,000.

Learn more about journal entries here:brainly.com/question/14017973

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6 0

1 year ago

What method would salespeople use to find new customers?

abruzzese [7]

Answer:

B. prospecting

Explanation:

<em>The method that sales people would use to find new customers would be </em><em>prospecting</em><em>.</em>

In sales, prospecting means the identification of potential customers for a particular good/service. It represents the first step in sales process.

<u>After the list of potential customers have been created, the next step would be to find a way of reaching out to these customers in order to create leads which can end up in sales and turns a prospective customer to a paying customer.</u>

5 0

2 years ago

The minute karen walks into your mother-in-law's house to visit, she is struck by the strong smell of her perfume. however, afte

fenix001 [56]

Answer:

sensory adaptation

Explanation:

As when you enter a new area basically there is change of environment and the senses activate and if there will be a slight change also in the smell, and quality of air that will be noticed by the body.

After certain time is spent even in the changed environment the body starts accepting such change and accordingly after few minutes even though the smell was recognizable earlier will have no effect now.

This is called sensory adaption, that is with some time the senses adapt such change.

5 0

3 years ago