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3 years ago

Which type of economy lacks efficiency?

Business

2 answers:

Ludmilka [50]3 years ago

5 0

just give me the word

DENIUS [597]3 years ago

3 0

A command economy is one in which a centralized government controls the means of production. The government determines what is produced, how it is produced and how it is distributed. Private enterprise does not exist in a command economy. The government employs all workers and unilaterally determines their wages and job duties. There are advantages and disadvantages of command economy structures. Command economy advantages include low levels of inequality and unemployment and the common good replacing profit as the primary incentive of production. Command economy disadvantages include lack of competition and lack of efficiency.

Because the government controls the means of production in a command economy, it determines who works where and for how much pay. This power structure contrasts sharply with a free market economy, in which private companies control the means of production and hire workers based on business needs, paying them wages set by invisible market forces. In a free market economy, the law of supply and demand dictates that workers who have unique skills in high-demand fields receive high wages for their services, while low-skill individuals in fields that are saturated with workers settle for meager wages, if they can find work at all.

Read more: What are the advantages and disadvantages of a command economy? | Investopedia http://www.investopedia.com/ask/answers/032515/what-are-advantages-and-disadvantages-command-economy...
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Mary Co. paid dividends of $5,000, $6,200, and $8,000 during Year 1, Year 2, and Year 3, respectively. The company had 1,700 sha

Monica [59]

Answer :

Amount of dividend paid =$1,350

Explanation :

The computation is shown below:

As per the data given in the question,

Dividend per year for preferred stock = $1700 × $100 × 3.5%

= $5,950

Particulars Year 1 Year 2 Year 3

Preferred dividend $5,000 $6,200 $6,650

($700+$5,950)

Preferred dividend in arrears $950 $700

($5,950-$5,000) ($5,950+$950-$6,200)

Therefore dividends for common shareholders is

= $8,000 - $6,650

= $1,350

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horrorfan [7]

Answer:

A. Credit $5,000

B. Dr Income tax expense $1,005,000

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Cr Deferred tax liability $5,000

Explanation:

Calculation for What is the deferred tax liability to be reported in the balance sheet

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