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3 years ago

Writing About Economics

Business

1 answer:

enot [183]3 years ago

4 0

Answer:

Russia and China used to be command economy with the property rights lying solely with the government and the means of production, except labour were owned entirelyby the government. However, the command economy demanded long term planning that needed to be ultra accurate.moreover the system it self gave rise ro bureaucracy and dictatorial regimes, increasing the power centralization and the state corruption and lessening the innovative spirit of the nation.

Capitalism got rid of most of the problems in the command economy. It was accompanied by the democratic reforms in Russia and this led to more transparency. Moreover, the capitalist style social market economy in China introduced private ownership and Entrepreneurship l along with the concept of state owned companies.

In addition, the function of the price mechanism was pivotal as well. Instead of thorough and detailed planning, the resources were distributed by the price and the market demand and supply.

Explanation:

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You read in the paper that there has been a significant increase in the consumer confidence index. having taken an economics cla

lys-0071 [83]

Spending will increase.

Demand will increase.

The consumer confidence index is a measure of how "confident" the population of the United States is in the economic status of the US. Thus, both these values will increase!

5 0

3 years ago

Suppose the price of a gallon of ice cream rises from $4 to $5, and the price of a can of coffee rises from $2 to $2.50. If the

ExtremeBDS [4]

Answer:

a. less ice cream, less coffee

Explanation:

The percentage change in CPI is given by:

$\%CPI = \frac{177-150}{150}=0.18$

The percentage change in the prices of coffee and ice cream, respectively, are:

$\%C = \frac{5-4}{4}=0.25\\\%I = \frac{2.50-2.00}{2.00}=0.25$

Both coffee and ice cream had an increase in price above the CPI increase, which means that both goods are being sold above the equilibrium price and thus their demand is likely to fall.

People likely will buy less ice cream, less coffee

4 0

3 years ago

Rent revenue $6540 Sales discounts $7830 Interest expense 13260 Selling expenses 99710 Beginning retained earnings 114930 Sales

Stels [109]

Answer:

Income Statement

Sales Revenue $ 402.000

Sales discounts -$ 7.830

Sales returns and allowances -$ 12.740

Net Revenue $ 381.430

Net Income -$ 22.779

Income attributable to controlling stockholders

Net Income -$ 22.779

Allocation to noncontrolling interest -$ 19.720

Income attributable to controlling stockholders -$ 62.219

Explanation:

Total Net revenue it's calculated with the Sales Revenue less Sales discounts and Returns and allowances.

Net Income it's calculated with the total Net Sales minus cost of goods sold, Expenses, Interest and Taxes for a determinated period.

To calculate the income to controlling stockholders it's necessary to subtracted at the end of the statement which they do not own.

Income Statement

Sales Revenue $ 402.000

Sales discounts -$ 7.830

Sales returns and allowances -$ 12.740

Net Sales $ 381.430

Cost of goods sold -$ 188.417

Gross Profit $ 193.013

Administrative Expenses -$ 80.660

Selling Expenses -$ 99.710

Other Income Rent Revenue $ 6.540

Net Income BEFORE Taxes $ 19.183

Interest Expenses -$ 13.260

Net Income BEFORE Taxes $ 5.923

Income Taxes -$ 28.702

Net Income -$ 22.779

Allocation to noncontrolling interest -$ 19.720

Income attributable to controlling stockholders -$ 62.219

4 0

4 years ago

At the annual meeting of the board of directors of LabZaws Co., James Wilson, the CEO of the company, was directed to focus prim

ahrayia [7]

James Wilson could achieve this objective by focusing on both cost reduction and revenue enhancement

What is Cost reduction?

Cost reduction is the procedure of lowering a business's expenses in order to increase profits. It entails locating and eliminating expenses that don't benefit customers in any way, as well as streamlining operations to increase productivity.

What is revenue enhancement?

The objective of any successful revenue enhancement strategy is to build and improve on current payment levels and then recover arrear debt. As indicated, this document seeks to identify causes for non-payment and to develop a strategy to address those challenges.

Learn more about Cost reduction and revenue enhancement here:

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4 0

2 years ago

Yêu cầu về sự tuân thủ quy trình chuẩn mực chuyên môn nghề nghiệp

Anastaziya [24]

Answer:

Các chuyên gia về tuân thủ và đạo đức (CEP) hiểu rằng các dịch vụ chúng tôi cung cấp yêu cầu các tiêu chuẩn cao nhất về tính chuyên nghiệp, tính chính trực và năng lực. Thực hiện các chính sách, thủ tục và tiêu chuẩn ứng xử bằng văn bản. Chỉ định một nhân viên tuân thủ và ủy ban tuân thủ. Thực hiện đào tạo và giáo dục hiệu quả.

Explanation:

3 0

3 years ago