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Sauron [17]
3 years ago
7

According to Adam​ Smith, which of the following is necessary for the proper functioning of the market​ system?

Business
1 answer:
nlexa [21]3 years ago
4 0

Answer:

The correct answer is the option C: For markets to work, people must be free to pursue their self-interest.

Explanation:

To begin with, Adam Smith was a Scottish economist, philosopher and author known as ''The Father os Economics'' and whose works established the basics of today's economics.

To continue, in Smith's most known classic work, ''An Inquiry into the Nature and Causes of the Wealth of Nations'', he established the concept called the <u><em>''invisible hand''</em></u><u> </u>that states that <u><em>in order to the economy to work properly, the people must be free to pursue their self-interest products without no restrictions from the government</em></u>.

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Cusic Industries had the following operating results for 2019: sales = $34,621; cost of goods sold = $24,359; depreciation expen
Stolb23 [73]

Answer:

a. $1,132.50

b. $9,884.50

c. $10,586

d.1 $2,725

d.2 - $4,363.50

Explanation:

a. The computation of the net income is shown below:

= Sales - cost of good sold - depreciation expense - interest expense - income tax expense

= $34,621 - $24,359 - $6,027 - $2,275 - 377.50

= $1,132.50

The income tax expense

= ($34,621 - $24,359 - $6,027 - $2,275) × 25%

= $377.50

b. The operating cash flow is shown below:

= EBIT + Depreciation - Income tax expense

where,

EBIT =  Sales - cost of good sold - depreciation expense

       =  $34,621 - $24,359 - $6,027

       =  $4,235

And all other items would remain same

Now put these values to the above formula

So, the value would equal to

= $4,235 + $6,027- $377.50

= $9,884.50

c. Computation of the cash flow from assets for 2019 is shown below:

= Operating cash flow - net capital spending - changes in working capital

where, net capital capital = ending fixed assets - beginning fixed assets + depreciation

= $24,529 -  $19,970 + $6,027

= $10,586

Changes in working capital = (ending balance of current assets - ending balance of  current liabilities) - (beginning balance of current assets - beginning balance of  current liabilities)

= ($8,702 - $4,700) - ($7,075 - $4,010)

= $4,002 - $3,065

= $937

Now put these values to the above formula  

So, the value would equal to

= $9,884.50 - $10,586 - $937

= - $1,638.50

d.1 The computation of the cash flow to creditors is shown below:

= Interest expense - ending balance of long term debt + beginning balance of long term debt

= $2,725 - 0 + 0

= $2,725

d.2 The computation of the cash flow to stockholder is shown below:

= Cash flow from asset - cash flow to creditors

=  - $1,638.50 -  $2,725

= - $4,363.50

6 0
2 years ago
Can you wear weave with a Jheri curl ?
ICE Princess25 [194]

Answer:

yes

Explanation:

yes sure you can weave with jheri curl

6 0
3 years ago
Read 2 more answers
Net requirements for component J are as follows: 60 units in week 2, 40 units in week 3, and 60 units in week 5. If a fixed-peri
agasfer [191]

Answer:

e. none of the choices.

Explanation:

Based on the scenario being described within the question it can be said that  none of the choices are correct because this method focuses on obtaining an order quantity by fixing the quantity for a certain period of time, and calculating the total quantity of Net Requirements within the period. Therefore since the first week and week 4 are missing then none of these are correct, and since the information is not provided by choice answer d. is wrong too.

3 0
3 years ago
Bill operates a proprietorship using the cash method of accounting, and this year he received the following: $150 in cash from a
Igoryamba

Answer:

$555

Explanation:

The cash method of accounting records revenue when cash is received,and when expenses are paid in cash.

Bill received the following cash:

1. $150 dollars in cash was from a customer.

2. tickets worth $225 as  payment for services performed last year.

3. $180 check for services rendered this year.

Bill's income on schedule c would be a summation of all payments received.

= $150 + $225 + $180

Bill would receive an income of $555

7 0
3 years ago
Carlos purchased an apartment building on November 16, 2020, for $3,000,000. Determine the cost recovery for 2020.
SSSSS [86.1K]
I’m pretty sure its c
4 0
3 years ago
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