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3 years ago

6.Which statement applies to all centrally-planned economies?

Business

1 answer:

Art [367]3 years ago

4 0

Answer: C) the government makes all important economic decisions.

A centrally planned economy is an economic system in which the government makes all important economic decisions rather than leaving them to consumers and businesses.

In these type of economy, prices are all controlled, the government sets plans, and the economy is handled by bureaucrats.

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Tracy is a salesperson for Zorc Computers and is having trouble getting sales. Her customers

kow [346]

Answer:

D) does not know the products well enough to sell them.

Explanation:

Tracy as a salesperson for Zorc Computers is having trouble making sales as her customers keep bringing up objections which she cannot overcome. There is a high chance Tracy doesn't know the products well enough to be able to convince customers about its functions and why they should buy it.

The customers constantly bring up objections because they are not satisfied with the explanations Tracy is giving them.

The scenario would probably have been different if she knows the products well enough to sell them so if any objections are raised by the customers, she can easily calm their fears and explain exactly how each computer would perform under different circumstances.

Let's say for instance she tells a customer that a particular computer can play Pes 2020 game comfortably without delays because of the RAM size and graphic card, if the customer objects, she can go ahead to educate the person on the functions of the RAM and graphic card and the particular graphic card the computer uses for it to run the Pes 2020 game without hitches.

3 0

3 years ago

Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Common Sto

Vlad [161]

Answer:

Total Stockholder's Equity = $7,200,000

Explanation:

Power Drive Corporation

Partial Balance Sheet

As on Dec.31, 2021

Stockholder's Equity:

Common Stock $100,000

Additional Paid in-Capital $4,500,000

Retained Earning at beginning $2,000,000

Add: Net income $600,000

Total Retained Earnings $2,600,000

Total Stockholder's Equity $7,200,000

7 0

4 years ago

Read 2 more answers

The Alford Group had 230,000 shares of common stock outstanding on January 1, 2021. The following activities affected common sha

jeka94

Answer:

a. $7 per share

b. $2.29 per share

c. $3.5

Explanation:

a. The computation of 2021 earning per share is given below:-

EPS = Net income ÷ Weighted Average Outstanding shares of common stock

Weighted Average Outstanding shares of common stock for 2021

= (230,000 × 12 ÷ 12) - (27,000 × 10 ÷ 12) + (27,000 × 2 ÷ 12) + (108,000 × 1 ÷ 12)

= 230,000 - 22,500 + 4,500 + 9,000

= 221,000

EPS for 2021 = Net income ÷ Weighted Average Outstanding shares of common stock for 2021

= $1,547,000 ÷ 221,000

= $7 per share

b. The computation of 2022 earning per share is given below:-

Shares of common stock at the beginning of 2022 = 230,000 - 27,000 + 27,000 + 108,000

= 338,000

Weighted average outstanding shares for 2022 = 338,000 × Stock split

= 338,000 × 2

= $676,000

EPS for 2022 = Net income ÷ Weighted Average Outstanding shares of common stock for 2022

= $1,547,000 ÷ $676,000

= $2.29 per share

c. The computation of 2021 EPS be presented in the 2022 comparative financial statements is shown below:-

2021 EPS be presented in the 2022 comparative financial statements = Net income ÷ (Weighted Average Outstanding shares of common stock for 2016 × Stock split)

= $1,547,000 ÷ (221,000 × 2)

= $1,547,000 ÷ 442,000

= $3.5

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3 years ago

The main purpose of project plans is to:__________ a. define project scope b. guide project execution c. schedule management pla

Llana [10]

Answer:

b, guide project execution

Explanation:

The main purpose of project plans is to guide project execution from start to finish. Project plans are formal, approved documents that is put together that details the processes, steps, resources, etc that is needed to bring a project to life. Project plans is also useful for project control.

Cheers.

3 0

4 years ago

Bryn, Cornell, and Duke are general partners in Equity Lending, a consumer credit, mortgage, and investment firm. Their agreemen

Viefleur [7K]

Answer:

C. The termination of the firm's legal existence.

Explanation:

General partners are individuals, two or more , who come together to own a business and controls daily activities of the business. Each member has unlimited liability and their action can legally bind the activities of the business. They share profit and losses equally.

According to fact pattern 27-3, if the partners agree to dissolve one of their business line- equity lending as in the case above and the company's assets are shared among the partners, it would result in the termination of the firm's legal existence.

Once there is a breach by any of the partners as contained in the partnership agreement and the partner's asset shared, that is dissolution. The partnership business has therefore been terminated legally and cease to exit.

3 0

3 years ago