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3 years ago

Which statement best describes a command economy?

Business

2 answers:

Sholpan [36]3 years ago

5 0

Answer:

government determines economic choices and makes most decisions

Explanation:

meriva3 years ago

4 0

the answer is b. government determines economic choices and makes most decisions

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The financial statements for Highland Corporation included the following selected information:

PSYCHO15rus [73]

Answer:

Highland Corporation

1. The amount of additional paid-in capital is:

= $210,000.

2. The amount of the retained earnings at the beginning of the year is:

= $440,000.

3. The number of shares in treasury stock is:

= 23,000 shares.

Explanation:

a) Data and Calculations:

Common stock $ 1,000,000

Retained earnings $ 770,000

Net income $ 1,020,000

Shares issued 100,000

Shares outstanding 77,000

Dividends declared and paid $ 690,000

Price of common stock = $31 per share

1. The amount of additional paid-in capital is:

Issued stock = 100,000 * ($31 - $10) = $210,000

2. The amount of the retained earnings at the beginning of the year:

Retained earnings at the ending $ 770,000

Add dividend 690,000

Total available for distribution $1,460,000

Less Net income 1,020,000

Retained earnings at the beginning $440,000

3. Treasury stock = 23,000 (100,000 - 77,000)

5 0

3 years ago

If Rina's boss is interested in a graphical presentation of the relationship between the price and quantity of televisions deman

ExtremeBDS [4]

Answer:

a) a demand curve

b) a demand schedule

Explanation:

A demand curve is a graph that shows the relationship between price and quantity demanded.

A typical demand curve is downward sloping. This means that the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

A demand schedule is a table that shows the relationship between price and quantity demanded.

Attached is an image of a demand curve

I hope my answer helps you

6 0

3 years ago

A newly created design business, Teri's Art, is finishing its first year of operations. During the year, credit sales were $

LuckyWell [14K]

Answer:

$ 925

Explanation:

Data provided:

Credit sales = $ 43,000

Collection of credits = $ 34,000

Amount written off = $ 675

Estimated uncollectible amount at the year end = $ 250

Now,

the bad debt expenses will be the total amount that has not be recovered back

i.e the amount written off + uncollectible amount

bad debt expenses = $ 675 + $ 250 = $ 925

3 0

4 years ago

One approach to reducing project length would be to: Group of answer choices Eliminate tasks on the critical path. Use hammock a

xxMikexx [17]

Answer:

the correct answer is Eliminate tasks on the critical path.

Explanation:

Critical path is the set of activities which are essential or "critical" for the success of the process. If we truly need to reduce the length of a project, we should find innovative ways to reduce the number of critical processes in the critical path.

3 0

3 years ago

Best Discount Store uses the perpetual system for inventory and had a sale on account to Mark Watson of $3,000 with terms 1/10 o

ra1l [238]

Answer:

$1,980

Explanation:

The computation of the amount of cash Best Discount Store received is shown below:

= Sale value - returned merchandise inventory - discount

where,

Discount is

= (Sale value - returned merchandise inventory) × discount rate

= ($3,000 - $1,000) × 1%

= $20

So, the amount of cash received is

= $3,000 - $1000 - $20

= $1,980

5 0

3 years ago