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Norma-Jean [14]
4 years ago
12

How can specialization benefit both producers and consumers in a free market economy?

Business
1 answer:
love history [14]4 years ago
8 0
Specialization benefits buyers and sellers. Focusing on a limited number of related products or services allows them to use capital and labor more efficiently.So , buyers get better products at lower price and sellers sell more products and they manufacture more products at lower costs.
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Costello Corporation reported pretax book income of $500,400. During the current year, the reserve for bad debts increased by $5
Tema [17]

Answer:

$7,266 net deferred tax expense.

Explanation:

Calculation to determine what deferred income tax expense or benefit would be

Using this formula

Deferred income tax expense=[(Tax depreciation exceeded book depreciation-Increase in reserve for bad debts)* Tax rate ]

Let plug in the formula

Deferred income tax expense=[($40,400-$5,800)*21%]

Deferred income tax expense=34,600*21%

Deferred income tax expense=$7,266

Therefore the deferred income tax expense or benefit would be $7,266

6 0
3 years ago
Tina works outdoors nearly all the time. She and her team clean up roads and fix holes in them. Her job is best
professor190 [17]

Answer:

Tina: Highway Maintenance Worker

Alma: Stationary Engineer

Sean: Home Appliance Repairer

Have a good day :)

7 0
3 years ago
Read 2 more answers
The business case for an ethical strategyA) relates to the company's business model and business-level strategy.B) must be artic
UkoKoshka [18]

Answer:

The correct answer is option D.

Explanation:

The ethical principles in business are not much different from the ethical principle in general. They are not separately based on some other special rules to judge business conduct. They are judged from the society's perspective of right and wrong.

There are two schools of ethical principles, namely, ethical universalism and ethical relativism. Universalism believe that the concept of right and wrong are universal. While, on the other hand, relativism school believes that they vary according to local customs.

Though universal ethical principles from different societies form a kind of informal contract that all individuals and organizations have to follow.

Failure to observe these principles not only corrode company's reputation but have also other adverse effects and costs involved.

6 0
3 years ago
Nelson Company experienced the following transactions during Year 1, its first year in operation. 1. Acquired $8200 cash by issu
Lyrx [107]

Answer:

$2350.

Explanation:

The computation of the net income is shown below:

= Service revenue - operating expenses

= $4,500 - $2,150

= $2,350

The other items are related to the retained earning account, assets account, stockholder equity account. So, these items should not be considered in the computation part. Hence, ignored it

6 0
3 years ago
What majors should i do to be a social worker?
atroni [7]
"1) Enroll in a college that offers the Bachelor of Social Work degree (BSW) that you can complete as an undergraduate (i.e, usually within four years). Not all colleges have a BSW major. However, most will offer a related field like sociology or psychology." - Google
Technically, A bachelor Degree of Social Work and a degree related to Sociology or psychology.
Hope this helped :)
4 0
3 years ago
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