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3 years ago

How is a command economy different from a mixed economy?

Business

1 answer:

Alex73 [517]3 years ago

5 0

Answer:

A. A command economy depends largely on the government, whereas a mixed economy involves individuals and businesses, too.

Explanation:

A command economy is a system in which the government is the one that decides the goods that can be produced and establishes the prices of them and the mixed economy is a system that involves the goverment which has some control but also, the private sector. This means that the production and the prices depend on the supply and demand.

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The transactions of Spade Company appear below. Kacy Spade, owner, invested $12,500 cash in the company in exchange for common s

horrorfan [7]

Answer:

Debits of trial balance = Credits of trial balance.

Explanation:

1. Dr Cash 12500

Cr Capital 12500

2.Dr Office supplies 363

Cr Cash 363

3.Dr Office equipment 6913

Cr Accounts payable 6913

4. Dr Cash 1475

Cr Service revenue 1475

5. Dr Accounts payable 6913

Cr Cash 6913

6. Dr Account receivable 2650

Cr Service revenue 2650

7. Dr Rent expense 520

Cr Cash 520

8. Dr Cash 1113

Cr Account receivable 1113

9.a) Dr Retained Earning 1100

Cr Dividend payable 1100

b) Dr Dividend payable 1100

Cr Cash 1100

Ledgers:

Cash=12500-363+1475-6913-520+1113-1100= Dr 6192

Office Supplies = Dr 363

Office equipment = Dr 6913

Capital = Cr 12500

Accounts payable = 6913-6913=0

Service revenue = 1475+2650= Cr 4125

Rent expense = Dr 520

Account receivable = 2650-1113= Dr 1537

Retained earning = Dr 1100

Dividend payable =1100-1100=0

Trial Balance

_Dr________________________________________Cr_____

6192 cash ----- 12500 Capital

363 Office supplies ----- 4125 Service revenue

6913 Office equipment -----

520 Rent expense ------

1537 Account receivable

1100 Retained earning

Total = 16625 ------ Total = 16625

5 0

3 years ago

How does economic efficiency relate to the gains of consumers and producers? a. It a market economy, when the demand for a good

Lelechka [254]

Answer: Option (D) is correct.

Explanation:

The economic efficiency is achieved at a point where demand curve and supply curve intersects each other. This point is known as market equilibrium. The area under the demand curve and above the equilibrium price level is known as consumer surplus.

The area above the supply curve and under the equilibrium price level is known as producer surplus.

Hence, the combine area of consumer surplus and producer surplus have to maximized to have a economic efficiency in an economy.

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3 years ago

The NEC® arose as a consensus of more than 1200 individuals primarily to ____.

labwork [276]

NEC arose to:

d.standardize equipment use as a marketing tool

Explanation:

NEC Corporation is a multinational IT and Electronics firm that is based out of Japan.

It was started in the 60s as Nippon Electric company ltd. but it re branded itself to name NEC in 1983.

It is responsible for the standardization of equipment as their USP and their prime marketing tool and made it a standard industry practice to do so as of now.

Their impact on the whole industry has been immense.

7 0

3 years ago

Maria, the vice president of sales for an international organization, believes that employees in her foreign offices understand

wolverine [178]

Answer: (B) Polycentric

Explanation:

A polycentric manager is refers to the approach or the method in the global marketing that basically helps the organization for spread about their products and the services among the different countries.

The main objective of the polycentric approach that it helps in managing the different types of operations and services in the business.

According to the given question, maria is the vice president in an organization for the international sales process and she handle all the practices held in their office. Therefore, Maria is refers as a polycentric manger.

5 0

3 years ago

Alex is starting a career in ux and wants to be able to specialize in a particular ux design role and focus on one project from

meriva

A small start-up is a good fit for Alex.

Startups are frequently internet- or technology-based firms with broad market appeal. On the other hand, you don't need a sizable market to expand into in order to run a small firm. All you need is a market, and you must be able to effectively contact and service every member of that market.

Despite their tiny size, startups can have a big impact on the expansion of the economy. Startups are the epicenters of the invention; they generate jobs, which increases employment and boosts the economy; and they have a noticeable influence on the cities in which they settle.

After a few years of operation, startups are on the road to success. While small firms develop quickly, they can only do so if they start to see success over time. A startup needs time to develop and gain a large customer base that can use its product.

Types of startups are:

Buyable startups
Scalable startups
Offshoot startups
Social startups

To know more about startups refer to: brainly.com/question/14488761

#SPJ1

8 0

2 years ago