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3 years ago

How is the russian economy adjusting to the difficulties of a centrally planned economy?

2 answers:

8 0

When we say centrally planned economy, this means that the economy is being controlled and managed by the government rather than the individual businesses between the owners and the consumers. There was a time that the Russian economy found it difficult to adjust and the way how they adjusted is by modifying the economy. The modification included free market practices which enabled individual owners to gradually balanced their businesses.

kompoz [17]3 years ago

5 0

Answer:

it is modifying the economy to include some free market practices

Explanation:

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The City of West Hutchison is constructing a new road, which it estimates will cost $7.2 million. The city will finance the road

Mice21 [21]

Answer:

Budgetary fund balance reserved for encumbrances (DR) $7,200,000

Encumbrances-Capital Project (CR) $7,200,000

Cash (DR) $1,200,000

Government Grant (CR) $1,200,000

Cash (DR) $6,000,000

Bonds Payable (CR) $6,000,000

Explanation:

1. The Budgetary entry for encumbrance is given as follows :

Budgetary fund balance reserved for encumbrances (DR) $7,200,000

Encumbrances-Capital Project (CR) $7,200,000

2. The government grant received will be recorded as :

Cash (DR) $1,200,000

Government Grant (CR) $1,200,000

3. The Issuance of Bonds needs to be recorded in the journal ledger as :

Cash (DR) $6,000,000

Bonds Payable (CR) $6,000,000

6 0

3 years ago

3. Suppose Tyrone wants to open a savings account that earns 3.5% simple interest per year. He wants it to be worth $1500 in 4 y

saw5 [17]

Answer:

$1,307

Explanation:

The computation of the future value by using the following formula is shown below:

As we know that

Future value = Present value × (1 + interest rate)^number of years

$1,500 = Present value × (1 + 0.035)^4

So, the present value is

= $1,500 ÷ (1.035)^4

= $1,307

Hence, the present value is $1,307 and the same is to be considered

3 0

3 years ago

What is a food technologist

Kay [80]

Answer:

Food technologists are responsible for the safe and efficient development, modification and manufacture of food products and processes.

Explanation:

6 0

3 years ago

Read 2 more answers

XYZ Corporation loaned $600,000 to another corporation on December 1, 2020 and received a 3-month, 8% interest-bearing note with

jeka94

Answer:

Dr Interest Receivable 4,000

Cr Interest Revenue 4,000

Explanation:

Preparation of XYZ Corporation Adjusting entry

Since the XYZ Corporation loaned the amount of $600,000 to another corporation on December 1, 2020 in which XYZ Corporation received a 3 month and 8% interest-bearing note with a face value of $600,000, the first step to take is to find the interest bearing note which is calculated as 4,000(1/12×8%×600,000) and the second step is to record the transaction as :

Dr Interest Receivable 4,000

Cr Interest Revenue 4,000

(1/12×8%×600,000)

8 0

3 years ago

Exercise 20-18 Budgeted cash receipts LO P2 Jasper Company has sales on account and for cash. Specifically, 70% of its sales are

horsena [70]

Answer:

$1,756,600.

Explanation:

P2 Jasper Company

Budgeted cash Receipt

For the 2nd quarter

April May June

Accounts Receivable $400,000

70% in the month of Sale $367,500 $374,500 $392,000

30% in the month after Sale $110,250 $112,350

Budgeted cash receipt $767,500 $484,750 $504,350

Total budgeted cash receipt for the 2nd quarter = $767,500 + $484,750 + $504,350 = $1,756,600.

30% in the month after sale means 30% amount will be received in the following month.

6 0

3 years ago