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4 years ago

A market economy is based on O the public O a vote O personal choice O no choices

Business

1 answer:

DochEvi [55]4 years ago

4 0

Answer:

the answer is *personal choice.

Explanation:

A market economy is also called a "free market economy" or Liberal capitalist economic system as the system is mainly based on the individual property rights, individual property ownership, free trade, enterprises and price mechanism.

For a market economy to function effectively, the economic actors must have the economic freedom of choice. heavy regulation of economic activities eventually and inevitably lead to the market failure.

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On January 1, 2021, Stoops Entertainment purchases a building for $610,000, paying $110,000 down and borrowing the remaining $50

yawa3891 [41]

Answer:

January 31

Interest expense 3750(Dr.)

Notes payable 1321.33(Dr.)

Cash 5071.33(Cr.)

Explanation:

Purchase price = $610,000

Down payment = $110,000

Borrowing = $500,000

Period = 15 years

Rate = 9%

Installment Payment per month = $5,071.33

With first payment due on January 31, 2020;

Mortgage amount or carrying value = $500,000

Interest = 0.09 × (1/12) × 500,000 = $3,750

Monthly payment = $5,071.33

Decrease in carrying value or mortgage amount = $5071.33 - $3750 = $1321.33

January 31

Interest expense 3750(Dr.)

Notes payable 1321.33(Dr.)

Cash 5071.33(Cr.)

5 0

3 years ago

Development associates (da) agrees to buy five acres of land from eastside properties for $15,000. eastside fails to go through

Nana76 [90]

$2,000 is the amount of money that the Development associates may recover. When the Eastside fails to go through with the deal on the agreed date, when the market price of the land is $17,000 then the price of the land on the agreed date is only $15,000. So the DA may recover the $2,000.

8 0

4 years ago

A check involves three parties. the person who orders the bank to pay a certain amount of money is called the drawer. drawee. pa

s344n2d4d5 [400]

a cheque involves three parties. the person who orders the bank to pay a certain amount of money is called the drawer

6 0

4 years ago

Read 2 more answers

Name four reasons for the success of the mongols as conquerors

vagabundo [1.1K]

Here are some of the reasons why the Mongols were so successful as conquerors:
1 they had Genghis Khan - he was a military genius who managed to train his army well and lead them into many battles
2 they were numerous - there were over 10,000 people in the Mongolian army
3 their military strategists were quite crafty - they relied on setting traps and tricking their enemies
4 they used cruelty and fear - everyone was afraid of the Mongols and what they would do to them if they caught them

7 0

4 years ago

Which of the following is the most helpful to a firm in ensuring that its merchandise will be readily and efficiently available

AveGali [126]

Answer:

Supply chain management.

Explanation:

Supply chain management (SCM) is the structuring and coordination of relationships and activities across firms to deliver value in an information and technology intensive global environment.

Is the management of flows between and among supply chain stages to maximize total supply chain profitability.

All facilities, functions, activities, associated with flow and transformation of goods and services from raw materials to customer, as well as the associated information flow.

An intregated group of processes to source, make and deliver products.

8 0

3 years ago