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3 years ago

What are the qualities of a free-enterprise system? Check all that apply.

Business

1 answer:

Vaselesa [24]3 years ago

6 0

Answer:

Free-enterprise systems encourage free interaction between producers and consumers.

Explanation:

the main qualities of a free enterprise system are constituted by the capital goods of private property and production that's targeted to your consumers. therefore, the company assumes freely their decisions.

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Kurt works as a waiter at a restaurant that's part of a nataional chain, producer or consumer?

Likurg_2 [28]

Producer because they do work for the company, I believe

6 0

3 years ago

Hoi Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is drive

Anvisha [2.4K]

Explanation:

The computation of the fixed cost and the variable cost per hour by using high low method is shown below:

Variable cost per hour = (High Operating cost - low operating cost) ÷ (High driven in kilometers - Low driven in kilometers)

where,

High operating cost = 114,000 km × 12.7%

= $14,478

Low operating cost = 76,000 km × 14.8%

= $11,248

So,

= ($14,478 - $11,248) ÷ (114,000 km - 76,000 km)

= $3,230 ÷ 38,000 km

= $0.085 per km

Now the fixed cost equal to

= High operating cost - (High driven in kilometers × Variable cost per km)

= $14,478 - (114,000 km × $0.085)

= $14,478 - $9,690

= $4,7882

2. The equation is as follows

Y = a + bx

So,

Total cost = $4,788 + 0.085X

Y = a + bx

= $4,788 + 0.085 × 95,000

= $4,788 + $8,075

= $12,863

5 0

3 years ago

A process costing system:

adell [148]

Answer:

C. uses a separate Work-in-process account for each processing department.

Explanation:

A process costing system -

The term of process costing system is used in the method of cost account .

Where it refers to the method to assign and collect the cost of the goods and services manufactured per unit , is referred to as the process costing system .

The method is very efficient and useful during the production of goods and services in large quantities .

The method is appropriate for different department , where each department is assigned a separate processing method i.e. , if in company there are three major departments , then each department is assigned a specific process costing system , which is specific for a specific department .

Hence , from the question ,

The correct answer is c.

7 0

3 years ago

Draw a curve that shows the relationship between quantity and total revenue when the demand curve for umbrellas is linear.

irakobra [83]

Draw a curve that shows the relationship between quantity and total revenue when the demand curve for umbrellas is linear increases.

If demand is elastic (price elasticity > 1), price and total sales are negatively related. In other words, an increase in price leads to a decrease in total sales.

Revenue is the amount of money generated WITHOUT subtracting the costs of business. In economics, the total sales test is a means of determining whether demand is elastic or inelastic. If an increase in price leads to an increase in total sales, demand is said to be inelastic because the increase in price does not significantly affect the quantity demanded.

Learn more about revenue at

brainly.com/question/16232387

#SPJ4

5 0

2 years ago

The Basel Accord

Anton [14]

Answer: forces banks with greater risk to maintain more capital.

Explanation:

The Basel Accord are a set of regulations in the banking industry that enables the proper functioning of banks, if these regulations for banks are strictly adhered to, banks would rarely have problems of total failure which leads to the bank closing up.

The Basel Accord is named after the city of Basel in Switzerland where the meetings took place, the Accord majored on the minimum financial requirements of banks.

7 0

3 years ago