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nevsk [136]
3 years ago
5

The government of Semput plans the goods and services that Semput produces, the quantity of goods produced, and the prices at wh

ich goods are sold. Semput is a ______ economy.A) theocratic.B) plural.C) command.D) mixed.E) market.
Business
1 answer:
Vedmedyk [2.9K]3 years ago
4 0

Answer:

The correct answer is (C)

Explanation:

Command economy is a type of economy in which the government has total control over the market. This type of government structure does not believe in a free-market economy and the government is solely responsible to produce goods and services. In that regard, Semput is controlled by the government and that makes Semput a command economy.

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A company records the fees for legal services paid in advance by its clients in an account called Unearned Legal Fees. If the co
White raven [17]

Answer:

True

Explanation:

Now the initial jounal entry of the Unearned Fees was recorded as:

Dr Cash received XX

Cr        Unearned Fees XX ........... Is a liability

Now the reason why the statement is true can be best explained from the following equation:

Equity = Ordinary Stock + (Revenue - Expense - Dividend)

Now just look at the above equation and the journal entry, the unearned fees increased the liability and if this amount is not waived off to the amount the unearned fees are converted to earnings, I mean if you have received the amount for 3 months services in advance and only one month services are delivered then the 1/3 part of the unearned fees will recognized as earned. If it is not complied then we can see in the above equation that the revenue would decrease and this decrease will decrease the equity.

5 0
3 years ago
Read 2 more answers
Greg, the CEO of Organic Market, wants managers and employees to instruct each other about the organization’s chosen values and
malfutka [58]

Answer: Embed company culture

               

Explanation: Company culture refers to the values and beliefs of an organisation that runs at every level of the operations. Every employee of the organisation have to work by following that company culture.

In the given case, Greg is trying to make a communication channel in the organisation so that every employee can get a sense of the company culture that runs in the workplace.

Hence we can conclude that he is trying to embed the company culture.

8 0
3 years ago
Which of the following promises is subject to the "strict performance" standard? Assume that performance of the promise is not a
blagie [28]

Answer:

A promise to deliver a deed

Explanation:

The term, 'strict performance' is used to describe a contract between two parties. A contract is an agreement between two parties, and it is legally binding. When discharging contracts involving services, 'substantial performance' is required. For example, if I tell a painter to paint my house blue except for the kitchen and storeroom which should be painted white, and he does accordingly but failed in painting the kitchen white, he has performed substantially even though there was a minor breach. The consequences of which would be borne by him.

'Strict performance' is required in contracts where the terms are stated in express terms and the standards are very high. A 'deed' is such a contract because it is a document specifying the legal rights of a person or the ownership of a property. It requires the signatures of the two parties. Therefore, strict performance and adherence to the contractual deed are required.

4 0
2 years ago
The Chilton Corporation specializes in manufacturing one type of desk lamp. Chilton allocates variable manufacturing overhead co
Sloan [31]

Answer:

See below

Explanation:

Given the above information, we can compute variable manufacturing overhead efficiency variance to be;

= (SA - AQ) × SR

Where

Standard quantity = SQ = 19,000

Actual Quantity = AQ = 7,600

Standard Rate = SR = $1.9

Variable manufacturing overhead efficiency variance

= [(19,000 × 0.3) - 7,600] × $1.9

= (5,700 - 7,600) × $1.9

= $3,610 U

3 0
2 years ago
What federal agency is tasked with developing policies and procedures for emergencies that impact federal lands?
mariarad [96]
It can fall between Federal Emergency Management Agency (FEMA) or the U.S. National Guard (depends if the head of government for said state declared the are as in a state of emergency.<span />
3 0
2 years ago
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