The U.S. Government Rental Car Program is an excellent example of a very effective working relationship between government and industry to provide quality vehicles at reasonable prices for federal travelers on official travel. U.S. Government Rental Car Agreement Number 4<span> governs the rental of vehicles (passenger cars, sports utility vehicles, station wagons, passenger vans, and small pick-up trucks) by military members, employees of the Federal Government, and employees of the United States Postal Service while in official travel status and when such rental is authorized by the Government.
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Answer:
increased
Explanation:
Data provided in the question:
Price of a gallon of gasoline in 1972 = $0.35
CPI in 1972 = 0.418
Price of a gallon of gasoline in 2005 = $2.25
CPI in 2005 = 1.68
Now,
Real cost in 1972 = [ Nominal cost in 1972 ] ÷ [ CPI in 1972 ]
= $0.35 ÷ 0.418
= $0.837
Real cost in 2005 = [ Nominal cost in 2005 ] ÷ [ CPI in 2005 ]
= $2.25 ÷ 1.68
= $1.34
Hence,
The price of gallon of gasoline increased between 1972 and 2005
Private owners' primary aim in capitalism is money creation.
A system of economics referred to as "capitalism" is one that promotes private ownership of the tools of creation, distribution, and exchange in order to generate profit. In this system, the market decides the production and pricing of the goods and services, hence supply and demand dynamics are very important.
An economic system known as capitalism is one in which private individuals own and manage the trade and industries of the economy in order to profit.
What is Capitalism:
Capitalism, which includes both the working class and the capitalist class, supports class differentiation, there is a significant gap between the rich and the poor. On the other hand, communism is opposed to class inequalities in society since it supports a society in which there is no distinction among the rich and the poor.
In a capitalist society, everyone is responsible for generating their own wealth. Contrarily, in communism, wealth is dispersed in accordance with needs and capacity. While there is intense competition between businesses in capitalism, this is not the case in communism, because the government controls the market. While capitalism exists in western nations, socialism is more prevalent in eastern nations.
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Non-organic food is cheaper, and often has brand names, which appeal to the consumer more than an organic brand does.
Answer and Explanation:
The journal entry is shown below:
Cash $8,730
Sales Discount ($9,000 × 3%) $270
To Accounts receivable $9,000 ($10,000 - $1,000)
Here cash and sales discount is debited as it increased the assets and discount while on the other hand the account receivable should be credited as it reduced the assets
