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3 years ago

What are the advantages a market economy offers producers?

Business

2 answers:

grandymaker [24]3 years ago

7 0

monopoly of bigger companies
free advertising for small businesses

kiruha [24]3 years ago

6 0

The most beneficial advantages for producers is open market economy because it is lead to more innovation and research & development through the absence of red tape. Producers don’t have to wait for the government to tell them what to make. They study demand, research trends and meet the customer’s needs through innovation. So, also encourages competition amongst firms to improve their product and service.

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When thieves use your name and good credit rating to get cash or buy things, they are engaging in Multiple Choice credit mishand

liq [111]

When thieves use your name and good credit rating to get cash or buy things, they are engaging in identity theft.

Identity theft can be define as impersonating another person by making use of that person personal information as their own.

A person using Identity theft can use some else identity to steal from innocent people after stealing the personal details of the person such as the person name so as to obtain cash or to defraud.

Identity theft is bad as it can damage someone image or reputation as the identity thieve can use to commit various crime by pretending to be you.

Inconclusion when thieves use your name and good credit rating to get cash or buy things, they are engaging in identity theft.

Learn more about identity theft here:brainly.com/question/17112484

3 0

2 years ago

When president obama was elected, the u.s. economy was in trouble, and has slid into a recession. consumer spending was low and

scoundrel [369]

Answer: Keynesian Economic Theory

Explanation: The policy adopted by the President was to cut back taxes and increase government spending on road, bridges and schools. This policy of the government is called the expansionary fiscal policy which is used to combat an economy suffering from recession. The Keynesian theory also supports the argument that when an economy is suffering from recession, economic output is influenced by aggregate demand. Thus, the government and use its fiscal policy tools to bring the economy out of recession. It also supports that the Fed can also use its monetary policy to bring the economy out of recession. But since here taxes and government spending are uses, we can say that Obama was a proponent of Keynesian Economic theory.

6 0

2 years ago

In the hospitality industry, the two largest expositions are the american hotel & lodging association conference and the ___

Phantasy [73]

The choices are:
A) Food Safety Executives B) National Restaurant Association
C) International Hotel/Motel & Restaurant Show D) Hospitality Design Expo

The answer is B) National Restaurant Association, it is known and recognized as the largest foodservice trade association in the world that supports thousands of restaurants. NRA has a reputable status in the hospitality industry. The aim is to help empower restaurant entrepreneurs and provide support for its members.

7 0

2 years ago

Beachside co. sells two products, skis and snorkels. last year beachside sold 12,600 units of skis and 23,400 units of snorkels.

Nimfa-mama [501]

Total No of Units=12600+23400

=36000 units

Ski=12600/36000=35%

Snorkel=23400/36000=65%

7 0

3 years ago

Bramble Company uses the percentage of receivables method for recording bad debt expense. The accounts receivable balance is $59

shusha [124]

Answer and Explanation

Given:

Accounts receivable balance = $598,000

Percentage of receivables that are uncollectible = 5% or 0.05

Uncollectible receivables = 0.05 × 598,000 = $29,900

Adjusting journal entry to record bad debt expense is:

Particulars Debit Credit

Bad debts expense XXXXX

Allowance for doubtful debts XXXXX

(Being bad debts incurred)

Noe, Allowance for doubtful debts has a credit balance of $4,800.

Bad debt incurred = 29,900 - 4,800 = $25,100

So adjusting entry :

Particulars Debit Credit

Bad debts expense $25,100

Allowance for doubtful debts $25,100

(Being bad debts incurred)

7 0

3 years ago