In a mixed economy, entrepreneurs, businesses and corporations are allowed to pursue their best interests in the market, while government or public programs, organizations, and enterprises are equally permitted to provide services and the like in the market, as well as intervene in areas like trade or taxes.
Answer:
a. realized location economies.
Explanation:
The realized location economics refers to the economics in which the companies go throughout the globe to determine and operate that comes under an efficient goods setting. The production of the goods comes under the efficient goods setting creates an added advantage in the production cost also it gains the competitive advantage
Therefore according to the given situation, the company has location economies realized
Answer:
Expenditures-2020 in the amount of $200
Explanation:
General fund supplies made last year were an estimated amount of $2000 was spent. So for last year there would have been a debit and credit leg for this transaction as.
In the present year 2020 it was received at an actual cost of $2,200. The excess cost (2,200-2,000= $200) must be recognised.
So the debit is passed into expenditures for this year 2020 for amount $200.
<span>Entrepreneurs are visionaries who can anticipate future consumer demands. An example of an entrepreneur is Marcus Lemonis who has a show on TV called 'The Profit.'</span>
Answer:
It is more profitable to sell the units as-is and produce new ones.
Explanation:
Giving the following information:
The company has 22,000 defective units that cost $6 per unit to manufacture.
Sell as-is:
Selling price= $2
Rework:
Additional cost= $4.5
Selling price= $8.5
If the units are sold as-is, the company will be able to build 22,000 replacement units for $6 each and sell them at the full price of $8.50 each.
<u>The original cost of the 22,000 units is a sunk cost, it will remain no matter the decision. </u>
Sell as-is:
Defective units= 22,000*3= 44,000
New units= 22,000*(8.5 - 6)= 55,000
Total income= $99,000
Rework:
Sales= 22,000*(8.5 - 4.5)= $88,000
It is more profitable to sell the units as-is and produce new ones.
