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2 years ago

What are five basic principles found in a free enterprise system?

1 answer:

3 0

Here are the five basic principles found in a free enterprise system:
1) Governments have no control over the buying & selling of products & services. 2) The "invisible hand" of market supply and demand occurs 3) Governments may only be involved with to provide education, the army, and public health services (and other merit goods) 4) Governments may only provide public goods (such as lampposts) which bring no profit for sales people, as you cannot stop people from using those items. 5) Usually, there's a great difference in the distribution of wealth

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The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance

frez [133]

Answer:

bank statement 56,300

Checks outstanding (25,390)

Deposit in transit not recorded by bank 13,325

Adjusted bank statement 44,235‬

Cash account 42,920

Bank debit memo for service charges (35)

check register error: 1,350

Adjusted cash account 44,235

Explanation:

The procedure is to adjust for the unknow information and mistake of each party.

The bank is unaware of the check outstanding and deposit in transit

The company thanks to the banbk statement gets information about a mistake in his check register as it was posted for 1,500 when it should be 150.

6 0

3 years ago

Software (such as typical tax preparation software) which in essence interviews the user is following which user interface metap

JulsSmile [24]

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6 0

2 years ago

Si tuvieras que decidir por pagar un artículo, ¿cuál de estas formas de pago escogerías, pagar en efectivo, pagar con tarjeta de

dexar [7]

Answer:

Possitife thinking

Explanation:

Bella Dally

5 0

2 years ago

Residual income is ____________.A. the difference between the net income the analyst expects the firm to generate and the requir

BARSIC [14]

Answer:

A. The difference between the net income the analyst expects the firm to generate and the required earnings of the firm.

Explanation:

Residual income measures an organisation's internal corporate performance by looking at the difference between the income geneated by the firm and the required minimum returns. It can be described as the excess of generated income over required earnings for the firm.

For personal Income, residual income represents the income an individual has left after deducting all personal expenses and all debts.

Based on the question, therefore, residual income will be the excess amount after a company's analysts' deduct the required earnings of the company from what the company generates.

3 0

2 years ago

Vladimir [108]

Answer:

Oct 1.

Cash $19,900 (debit)

Common Stock $19,900 (credit)

Oct 3.

Office Furniture $2,100 (debit)

Trade Payable $2,100 (credit)

Oct 6.

Trade Receivable: N. Fennig $3,250 (debit)

Revenue $3,250 (credit)

Oct 27.

Trade Payable $900 (debit)

Cash $900 (credit)

Oct 30.

Salary Expense : Administrative Assistant $2,650 (debit)

Cash $2,650 (credit)

Explanation:

In all non-cash entries remember to observe the Accrual or Matching Principle.Thus, transactions must be recorded when they accrue or incur not when they are paid.

7 0

3 years ago