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4 years ago

Which economic goal is a major one of command economies?

Business

1 answer:

pickupchik [31]4 years ago

4 0

Answer:

the answer is equity.

Explanation:

the social equity in resource allocation and distribution is the main concern of an command economy. The entire "command" function is there for this purpose. Opposing to the market system, in which the efficiency of the market is of primary concern, the command system argues that while following to achieve the maximum market effeciency, these economies miss out on the fainress and unbiasedness in economic benefit destribution and therefore creates many social problems such as poverty, rich and poor gap, etc as a result.

The command economy tries to overcome this problem of Equity in market economies.

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A chisel bar can be used to

erastova [34]

To shape wood or steel.

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3 years ago

As part of the initial investment, ray blake contributes equipment that had originally cost $125,000 and on which accumulated de

Zielflug [23.3K]

Given:
Original cost of contributed equipment : 125,000

Accumulated depreciation of contributed : 100,000

Value of similar equipment : 150,000

Agreed upon valuation of contributed equipment : 29,000

The amount that should be debited to the equipment account is 29,000.

It is the current value of the contributed equipment as agreed upon by the partners.

6 0

4 years ago

Baxley Brothers has a DSO of 17 days, and its annual sales are $6,570,000. What is its accounts receivable balance? Assume that

Anna71 [15]

Answer:

Accounts receivable balance=$306,000.

Explanation:

Given Data:

DSO=17 days

Annual sales=$6,570,000

Number of days in year=365 days

Required:

Accounts receivable balance=?

Solution:

$DSO=\frac{Account\s receivable}{Average\ Sales\ Per\ Day}$

Average sales per day:

$Average\ sales\ Per\ day=\frac{Annual\ Sales}{Days\ In\ year}\\ Average\ sales\ Per\ day=\frac{\$6,570,000}{365}\\ Average\ sales\ Per\ day=\$18,000$

Calculating account receivable:

$Account\ receivable=DSO*Average\ sales\ Per\ day\\Account\ receivable=17*\$18,000\\Account\ receivable=\$306,000$

Accounts receivable balance=$306,000.

6 0

3 years ago

Merry Maidens Cleaning generally charges $120 for a detailed cleaning of a normal-size home. However, to generate additional bus

faust18 [17]

Answer:

New price = $108

Explanation:

Given:

Old price for cleaning = $120

New discount rate = 10% = 10 / 100 = 0.1

Computation of new price for cleaning:

New price = Old price for cleaning (1-New discount rate)

New price = 120 (1-0.1)

New price = $108

Journal entry

Date Account Title and Explanation Debit Credit

Cash A/c Dr. $108

Service Revenue A/c $108

(Being amount received from cleaning)

8 0

3 years ago

The tiny South Pacific island country of Maroji produces a lot of milk and milk-based products. To protect this industry, Maroji

Korvikt [17]

This is an example of a(n) Import Quota .

<h3><u>Explanation:</u></h3>

A restriction in direct manner that controls the quantity of goods that is being imported to a country refers to the import quota. This restrictions is imposed by the issue of an import license to a firm or a group of firm or even individual. The main aim of these import quota is to enhance the domestic producers to gain advantage through the limitations in competition that arises form importing.

In the given scenario, the company name Maroji involves in the production of a lot of milk and milk-based products. The company then makes it compulsory for only some of the companies to import cheese with the allocated right in the importing of a maximum number of pounds of cheese each year. This acts as an example of Import Quota .

6 0

3 years ago