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3 years ago

Which of the following statements about capitalism and socialism is correct?

1 answer:

4 0

Answer: Which of the following statements about capitalism and socialism is correct? All of the responses are correct.

Explanation: Socialist nations are less economically productive. Capitalist nations have greater economic inequality. Capitalist nations are more economically productive. All of these statements regarding capitalism and socialism are true. Capitalism is an economic and political system where the trade and industry of a country are controlled by private owners for profit instead of the state having control. Socialism is an economic and political system where different organizations control production, distribution, and the exchange of goods and services.

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Julio decides his business will begin staying open until 7 p.m. instead of 6 p.m. The next day, the shop stays open until 7 p.m.

Mrrafil [7]

Answer:

Sole proprietorship.

Explanation:

A sole proprietorship, otherwise called the sole trader, is a kind of enterprise that is possessed and run by one individual and in which there is no lawful differentiation between the proprietor and the business entity.

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3 years ago

Use information from the Washington Post article "Why We've Been Hugely Underestimating the Overfishing of the Oceans" to determ

antiseptic1488 [7]

Answer:

"Why We've Been Hugely Underestimating the Overfishing of the Oceans"

Determining whether each statement is true or false:

a. False

b. True

c. False

d. True

Explanation:

The article "Why We've Been Hugely Underestimating the Overfishing of the Oceans," was published by the Washington Post on January 19, 2016. It was written by Chelsea Harvey. It tried to show how the world fish stock had been declining due to overfishing. This is why it provided a report contrary to the FAO report.

While the FAO report noted that the peak of worldwide catches was at 86 million tons in 1996, the contrary and independent report, using "catch reconstruction" showed that the peak was at 130 million tons in 1996. The reconstructed research also showed that worldwide fish catches had suffered declines ever since the 1996 peak, thereby threatening "world food security and marine ecosystems". The contrary report also suggested that all stakeholders must collaborate so that fish stocks can rebuild naturally.

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3 years ago

Assume that Jordan Enterprises's radio broadcast license is renewable at the end of each 10-year term and management has provi

yan [13]

Answer:

Jordan Enterprises

1) The impairment loss = $110,000.

2) Journal Entry to record the impairment loss:

Debit Broadcast License Impairment Loss $110,000

Credit Accumulated Impairment Loss $110,000

Explanation:

a) Data and Calculations:

Broadcast license original cost (book value) = $786,000

Market value of similar broadcast license = 676,000

Impairment loss = $110,000

b) US GAAP defines impairment loss as the decrease in an asset's net carrying value. This means that impairment loss arises when the book or net carrying value is greater than the future estimated cash flows or the market value of the asset.

8 0

3 years ago

Which is the penultimate step in the planning process?

Studentka2010 [4]

Hello, The first step of financial planning process is to define specific goals. Since this is the first step I figured it is the most important.
Hope this helps..

8 0

3 years ago

Assume you are a single person with no dependents who made $35,000.00 from your primary job and an additional $5,500.00 from a p

kirill [66]

Answer:

a) we will get a refund

b) $3,043.75

Explanation:

Given:

Income from primary job = $35,000.00

Income from part time job = $5,500

Total income = $35000 + $5500 = $40,500

Now, As per IRS, tax brackets for 2017 is as :

For income, 0 - $9325 = 10% of Taxable Income

For income, $9326 - $37950 = $932.50 + 15% of the amount over $9325

and, for income $37,950 - $91,900 = $5226.25 + 25% of amount over $37950

Standard Deduction is $6350 for single tax payer

Now,

The Net Income = Total income - Standard deduction

= $40,500 - $6,350

= $34,150

Total Tax due = $932.50 + ( $34150 - $9325 ) × 15%

= $932.50 + $3723.75

= $4,656.25

Thus, Withheld tax amount ( i.e $7700 ) is above the tax calculated

Hence, we will get a refund

b) Amount of refund = Withheld tax - Tax due as per IRS

= $7,700 - $4,656.25

= $3,043.75

5 0

3 years ago