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4 years ago

Select all of the following descriptions that are true about market economies. Select all that apply:

Business

1 answer:

Citrus2011 [14]4 years ago

3 0

Answer:

The correct answers are B and D

Explanation:

Market economies is the kind of market which is grounded on the private enterprise, which means or states that the production (businesses or the resources) are operated as well as owned by the group or the private individuals.

And the supplying the goods and the services are grounded on the demand. The income of the person is grounded on the ownership of the resources of the person (especially the labor).

Therefore, the statement which is true regarding the market economies are B and D.

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Competitive intelligence is information collected from multiple sources such as suppliers, customers, competitors, partners, and

givi [52]

Answer: False

Explanation: The statement given in the above question relates to business intelligence.

Competitive intelligence is used by the managers and executives to implement strategic decision making effectively. In competitive intelligence , the gathering and analyzing of customers and competitors is done and not of partners and industries etc.

Thus, the above statement is false.

3 0

3 years ago

Astro Corporation was started with the issue of 2,000 shares of $5 par stock for cash on January 1, 2018. The stock was issued a

BartSMP [9]

Answer:

Astro Corporation Income Statement

Revenues $31,000

Expenses ($17,100)

Net profit $13,900

Astro Corporation Statement of Changes in Shareholder Equity

Common stock APIC Ret. earnings Total

Balance Jan. 1 $10,000 $14,000 $24,000

Net income $13,900 $13,900

Dividends ($2,000) ($2,000)

Balance Dec. 31 $10,000 $14,000 $11,900 $35,900

Astro Corporation Balance Sheet

Assets Liabilities

Cash $35,900 $0

Shareholders' equity

Common stock $10,000

APIC $14,000

Retained earnings $11,900

Total $35,900 Total $35,900

Astro Corporation Statement of Cash Flows

Cash flows from operating activities:

Revenues $31,000

Expenses ($17,100)

Cash from operating activities $13,900

Cash flows form financing activities:

Stock issuance $24,000

Dividends paid ($2,000)

Cash from financing activities $22,000

Net increase in cash $35,900

6 0

3 years ago

At December 31, 2018, the following information was available for Deen Company: ending inventory $22,600; beginning inventory $2

ELEN [110]

Answer:

Using COGS

Inventory TurnOver = 19.54

days in inventory = 46.95

Using Sales

Inventory TurnOver = 19.54

days in inventory = 18.68

Explanation:

Inventory TurnOver = COGS or sales / Average Inventory

Were: average inventory = (beginning + ending inventory ) / 2

days in inventory = 365 / Inventory TurnOver

Some accounts work with COGS and some with sales, the latter being more used, but because you have the two option and didn't specifically declare any of the two I will give you answer for both of them, then it will your work to check which one are you using in your course.

Average inventory = (21400+22600 ) /2 = 22,000

Inventory TurnOver (using COGS) = 171,000/22,000 = 7.77

days in inventory (using COGS) = 365/7.77 = 46.97

Inventory TurnOver (using Sales) = 430,000/22,000 = 19.54

days in inventory (using Sales) = 365/19.54 = 18.68

4 0

4 years ago

Marketers can use to link the virtual world of online social networking with the

Sladkaya [172]

Answer:

location-based social networking is the correct answer.

Explanation:

4 0

3 years ago

Read 2 more answers

Computo began business on June 1, 2019. The corporate charter authorized issuance of 1,000 shares of no-par common stock and 4,0

olga2289 [7]

Answer:

d. $4,000 credit to common stock

Explanation:

The journal entry is shown below:

Since the company issued 400 shares for $10 per share

So, the journal entry is

Cash Dr $4,000

To common stock $4,000

(Being the issuance of the common stock is recorded)

here the cash is debited as it increased the assets and credited the common stock as it also increased the equity account

5 0

3 years ago