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4 years ago

The price system features:

Business

1 answer:

Phoenix [80]4 years ago

8 0

Answer:

voluntary exchange that makes both the consumer and producer better off.

Explanation:

The consumer will purchase at a price lower or equal to he is willing to pay for the good (we assume a rational person will not urchase above their willingless to do so) Thus, either has a surplus or the price is fair

The producer as well, only trades for a price above their expect to sale or that amount. Therefore it has a surplus or received what it expect.

We have determinated there is no winner or losser in trade as both parites agree voluntary without coercion.

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One of the advantages of starting your own business is

Rudik [331]

I think the answer might be D because if you dont have free time how would you create your own business

8 0

3 years ago

Read 2 more answers

4. Study Question #4 Ch 7. Why are developing nations concerned with commodity price stabilization? Check all that apply. Improv

iragen [17]

Answer:

Developing nations are concerned with commodity price stabilization because of the following reasons

There are high price elasticity of supply and demand for many commodities
Developing economies are often highly dependent on the export of just one or a few commodities.

Explanation:

In recent decades there has been growing concern about the sharp fluctuations of primary product prices, the effects of those fluctuations on particular groups of producers and particular countries, and the measures which might be taken to reduce or offset the fluctuations.

Producing countries have been dominated by proposals for stabilizing world prices of commodities, in particular via the establishment of a “Common Fund” within the framework of UNCTAD's Integrated Program for Commodities.

However, developing nations are concerned with commodity price stabilization because of the two reasons provided above which could result in inflation and deflation.

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4 years ago

Nishi Corporation prepares financial statements for each month-end. As part of its accounting process, estimated income taxes ar

choli [55]

Answer:

1. $4,100

2a. Dr Income tax Expense $4,100

Cr Income tax payable $4,100

2b. Dr Income tax payable $33,926

Cr Cash $33,926

Explanation:

1. Calculation to Determine the amount of the accounting adjustment

Income tax payable for quarter 4 $33,926

Less: Unadjusted balance in Income tax payable account $29,826

Accounting adjustment to be done as on Dec 31 $4,100

2a. Preparation of journal entries to record December 31

Adjustment to the Income as on Dec 31

Dr Income tax Expense $4,100

Cr Income tax payable $4,100

2b. Preparation of the Journal entry to record later January 20 payment of the fourth-quarter taxes.

January 20 payment of the fourth-quarter taxes.

Dr Income tax payable $33,926

Cr Cash $33,926

3 0

3 years ago

Matthew Granger is a member of the board of directors at Produxicore Inc. Over a period of one year, Matthew failed to attend mo

FrozenT [24]

Answer: Negligence of duties

Explanation:

As a board member it's one of his primary duty to keep abreast of the firm performance. Not been aware for a year on the excuse of not been informed and not seeking to find out personally shows a negligence of duties.

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4 years ago

Can investing in your education or training make you even more likely to obtain and keep a job

Tatiana [17]

Answer:

Yes

Explanation:

The answer is yes because education/training will make it so you have more experience/knowledge than the next worker

5 0

3 years ago