The free-enterprise system discourage entrepreneurs who waste resources because They can't make a profit and are forced out of business.
<h3>What is free-enterprise system?</h3>
Free enterprise can as well be described as the free market or capitalism, which is a economic system that is been driven by supply and demand.
In this Private businesses as well as the consumers control the marketplace , however free-enterprise system discourage entrepreneurs who waste resources because They can't make a profit and are forced out of business.
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Answer:
In real dollars, Babe Ruth's salary = $80,000 / 0.0645 (CPI 1930) = $1,240,000
Since Babe Ruth was the highest paid baseball player back then, if we compare his updated salary to Kershaw's salary, it represents only = $1,240,000 / $33,000,000 = 3.76%.
That means that most of the players' salary raise was due to other factors, not just inflation.
Answer:
The company's cost of preferred stock is 5.1%
Explanation:
In order to find the cost of the preferred stock we will need to divide the dividend the company pays on it by the net amount that the company is receiving for selling it.
In order to find the dividend we will multiply 9% by the par value of 20
Dividend = 0.09*20=1.8
Now we need to find the net amount the company receives for selling the preferred stock.
The company sells the stock for $40 but also has a issuing cost of $5, so in order to find the net amount we will subtract the cost from the price.
40-5= 35
35 is the net amount the company receives.
Now we will divide the the dividend 1.8 by the net amount 35
1.8/35=0.051
=5.1%
The company's cost of preferred stock is 5.1%
Answer:
Explanation:
Compared to the McLaren, the Lamborghini has less power, a heavier engine, and less active aerodynamic designs. This allows the Huracán Performante to be an excellent supercar with extreme sounds, feels, and the excitement of a Lamborghini, but in performance the McLaren is superior.
Beginning balance 10000
Add service on account 50000
Less ending balance 12000
Received from customers
10,000+50,000−12,000=48,000
Hope it helps!