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3 years ago

The market mechanism:

Business

1 answer:

anyanavicka [17]3 years ago

5 0

Answer:

works because prices serve as a means of communication between consumers and producers.

Explanation:

Market mechanism is the money is used as a medium of exchange between buyers and sellers in a open system of value (market).

In the market mechanism consumers are interested in maximising utility, while sellers want to maximise profit.

Demand and supply mechanics works to properly allocate resources according to fluctuations in price.

So market mechanism is successful because price has become a means of communication between buyers and sellers in their mission to maximise utility and profit.

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Which group of a corporation is responsible for running the day to day matters of the corporation?

adelina 88 [10]

Officers are all those individual people or staff who manage the corporation's day-to-day operations.

<h3>What are the responsibilities of corporate officers?</h3>

Officers of a corporate entity are important management executives who oversee the day-to-day operations of the company. They are appointed by and report to the board of directors, and they oversee specific industry functions based on their background and expertise.

<h3>Is indeed an officer the same as a director?</h3>

Everything You Have to Know About Officers vs. Directors When comparing an officer and a director, a director is a person who manages important business affairs, whereas officers oversee daily operations. Officers are also directly involved in the day-to-day management of the business.

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2 years ago

Brainly why is the federal income tax a progressive tax?

Katen [24]

The answer should be D) a higher income pays a higher percentage in taxes or the fourth option.

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3 years ago

Prepare the issuer’s journal entry for each of the following separate transactions.

galben [10]

Answer:

The Journal entries are as follows:

(i) On March 1,

Cash A/c Dr. $297,500

To common stock (42,500 × $4) $170,000

To paid in capital in excess of par value $127,500

(To record the issuance of common stock)

(ii) On April 1,

Cash A/c Dr. $70,000

To common stock $70,000

(To issue no-par value common stock)

(iii) On April 6,

Inventory A/c Dr. $45,000

Machinery A/c Dr. $145,000

To common stock (2,000 × $25) $50,000

To paid in capital in excess of par value $46,000

To Note payable $94,000

(To record the issuance of common stock)

4 0

3 years ago

Which of the following is not one of the activities found on the statement of cash flows?

Andrej [43]

Answer:

option A

Explanation:

Throughout financial accounting, the cash flow statement, also recognized as a cash flow statement, is indeed refers to a financial statement demonstrating how adjustments throughout balance sheet balances and sales impact cash balances and splits the report in grouping of Operating activities, financing activities and investing activities.

Particularly, the cash flow report deals with cash flow into and out of the corporation. As an academic discipline, the cash flow statement is helpful in determining a corporation's brief-term competitiveness, especially the capacity to pay expenditures.

4 0

3 years ago

The following information pertains to Fox Co.'s defined benefit pension plan for 20x4:

kramer

Answer:

The effect will be the balancing figure of $210,000 (Return on plan assets)

Explanation:

Workings :

Assets Obligations

$ $

Asset Fair value/PV of obligatio at the beginning 750,000 800,000

Interest nil nil

Benefits paid (215,000) (215,000)

Employer Contribution 230,000

Return on Plan Assets exluding amounts in net

Interest (balancing figure) OCI * <u>210,000 </u> <u> </u>

Assets Fair Value/PV of obligation at the end <u> 975,000 </u> <u> 588,000</u>

<u />

* OCI means Other Comprehenssive Income

The actual return which is $210,000 would increase the fair value of the asset at the end of the year. However, this will not be recognised in the income statement

This type of return on Plan Assets after a new valuation has been carried out at the end of the year will be treated as as a 're-measurement' and recognised in other comprehensive income.

This is usually the difference between the new value (end of the year fair value ) , and what has been recognized up to date (i.e the opening fair value balance,interest and any cash payments into or out of the plan).

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4 years ago