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3 years ago

Privately owned businesses are common in which type of economy?

2 answers:

7 0

Privately owned businesses are common in "market-based" economies. Essentially the government is letting the market regulate itself vs. publicly owning industries.

Hope this helps

Mariana [72]3 years ago

4 0

Privately owned businesses are commonly found in capitalist economies.

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Willow Creek Nursery, with an authorization of 72,000 shares of preferred stock and 210,000 shares of common stock, completed se

GaryK [48]

Answer:

Explanation:

The journal entries are shown below:

1. Cash A/c Dr $4,000,500

To Common stock $2,540,000

To Paid-In Capital in Excess of Par-Common Stock $1,460,500

(Being issuance of the common stock is recorded)

2. Land A/c Dr $860,000

Building A/c Dr $2,533,000

To Preferred Stock $2,925,000

To Paid-In Capital in Excess of Par-Preferred Stock $468,000

(Being issuance of the preferred stock is recorded)

All other information which is given is not relevant. Hence, ignored it

8 0

3 years ago

What is a safe username?

Sophie [7]

gimme something to base it off of and i can get ya one

6 0

3 years ago

Read 2 more answers

A company purchased merchandise to be resold at increasing costs during the year 2019. The purchases were made at the following

Marianna [84]

Answer:

7. $41,000

Explanation:

7. The company has $40,000 of inventory on December, it further purchased $36,000 of inventory in January. The sales in January amounted to $50,000 out of which 30% is gross profit. The cost of goods sold will be $35,000. The inventory that is destroyed by fire $41,000 ($40,000 + $36,000 - $35,000 ).

7 0

3 years ago

Barney bought a small retail business a month ago. He plans to advertise it with the help of billboards and flyers to attract cu

disa [49]

Answer:

The answer is A. non-operating expense

Explanation:

As he operates a retail shop, such advertising is vital to attract customers to the shops and to make potential sales. We can't treat this expenses as administration or production expenses.

We consider this as non operational because advertising is not an operational part of the operations of a retail business. Moreover, we can't consider it as selling expenses because they are mostly incurred during the sales process.

6 0

3 years ago

At the high and low levels of activity during the month, direct labor hours are 90,000 and 40,000, respectively. The related cos

andre [41]

Answer:

The fixed cost at any level of activity is $48,000 while the variable cost per unit at any level of activity is $1.30

Explanation:

The total cost is a function of the fixed and variable cost. Whilst the fixed cost does not change at a certain range of activities level, the variable cost changes as the level of activities(units produced or sold).

Using the high and low levels of activities given, let the variable cost per unit be v and the fixed cost F

for the high level,

F + 90,000v = 165,000

For the low level

F + 40,000v = 100,00

Solving both equations simultaneously,

50,000v = 65,000

v = $1.30

F + 40,000($1.30) = 100,000

F = 100,000 - 52,000

F = $48,000

5 0

3 years ago