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3 years ago

Without a strong legal systems in a market economy:

Business

1 answer:

STALIN [3.7K]3 years ago

5 0

Answer:

A) private-sector entrepreneurs can expropriate the profits generated by the efforts of private and public entities.

Explanation:

As there exist four basic structures of the market economy in the form of perfect competition, imperfect competition, oligopoly, and monopoly.

Thus without any legal system of trade in the market economy, the profits that are generated by the public and private sectors can be taken away by these entities as a large number of small firms tends to compete in the market against each other with there homogenous products.

Thus under such circumstances, the market economy would deprive all the profits made by the other forms in the market and put barriers to entry for others. Buyers thus will be deprived of the quality products.

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Sheen Co. manufacturers laser printers. It has outlined the following overhead cost drivers: Overhead Costs PoolCost DriverOverh

andriy [413]

Answer:

Total allocated costs= $53,070

Explanation:

First, we need to calculate the allocation rates using the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Quality control= 77,000 / 1,100 = $70 per inspection

Machine operation= 153,000 / 1,500 = $102 per machine hour

Materials handling= 1,200 / 30 = $40 per batch

Miscellaneous overhead cost= 57,000 / 5,700= $10 per labor hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Quality control= 70*295= 20,650

Machine operation= 102*240= 24,480

Materials handling= 40*6= 240

Miscellaneous overhead cost= 10*770= 7,700

Total allocated costs= $53,070

3 0

3 years ago

Miller Mining, a calendar-year corporation, purchased the rights to a copper mine on July 1, Year 1. Of the total purchase price

dybincka [34]

Answer: $4,500

Explanation:

Equipment was purchased for $76,000.

It has an estimated useful life of 8 years.

It will be sold for $4,000 after these 8 years so that is the salvage value.

With these figures depreciation per annum is calculated with the following formula;

$Depreciation per annum = \frac{Cost of Asset - Salvage Value}{Useful life}$

= $\frac{76,000 - 4,000}{8}$

= $9,000

The Equipment was purchased on July 1, Year 1. In Year 1 therefore it will only be in use for half the year and this is what it should b depreciated in light of.

Semi-annual Depreciation = 9,000/2

= $4,500

7 0

3 years ago

Randolph is a 30 percent partner in the RD Partnership. On January 1, RD distributes $15,000 cash and inventory with a fair valu

Naya [18.7K]

Answer:

$2,000 capital loss

Explanation:

Randolph recognizes a $2,000 capital loss because RD distributes only cash and inventory and the adjusted bases of the property distributed is less than his basis in RD.

7 0

3 years ago

According to recent data, only 36 percent of Uber's current employees are women. How do you think this situation helped perpetua

kozerog [31]

Answer and Explanation:

If we considered the business type that uber begins i.e. lack of the skilled and the experienced professionals. So here we can conclude that with the 36 pf the present employees of the uber that contains women perpetuates with a flawed corporate culture

So as per the given situation, the above represent the explanation and the same should be considered

4 0

3 years ago

Becky’s daughter was in the sixth grade and growing very fast. In early fall, her daughter tried on her soccer cleats from the s

olga nikolaevna [1]

Answer:

Purchase decision process

Explanation:

A purchase decision process is defined as the thought process that goes into buying a certain product. This thought process include the buyer identifying a need, creating options, seeing different brands and then finally buying the product.

Purchase decision could be either minor or major. Purchasing things like tea, toothpaste, etc require minor decision processes while buying a house or piece of land involves major decision processes.

As in the question, Becky now has to under purchase decision process as to buying soccer cleats for her daughter. This decision will involve buying a brand that won't shrink as a result of weather changes or wear out easily, etc

I hope this helps.

5 0

3 years ago