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Neporo4naja [7]
3 years ago
5

In elementary school, your second grade teacher probably led his students from the classroom to the lunch room or the library by

forming two lines of students and marching them to the destination. The second grade teacher’s approach to moving students through the hallway closely approximates a:
traditional economy.
market economy.
command economy.
parliamentary economy.
representative economy.
Business
1 answer:
Andrew [12]3 years ago
7 0

Answer:

The correct answer is command economy.

Explanation:

The planned or centralized economy is one in which the key questions of the economy about what, how and for whom to produce are resolved directly by the State.

The planned economy has as its main objective the equal distribution of income. For this, the State must intervene in the economy and take charge of the tasks of distribution of resources. They require the replacement of private property by the collective in the means of production, exchange and distribution. It is a type of economic system contrary to capitalism or market economy.

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Fox Corp. failed to accrue warranty costs of $150,000 in its December 31, 20x2, financial statements. In addition, a $130,000 ch
faust18 [17]

Answer:

$150,000

Explanation:

$150,000

The failure to accrue warranty expense is an accounting error. It gives rise to a Prior period adjustment in the year of discovery (20x3).

Prior period adjustments are limited to corrections of errors affecting prior-year net income. They adjust the beginning balance of retained earnings in the year of correction.

The change in depreciation method is an estimate change, which is reported in earnings. It is not a Prior period adjustmen

8 0
3 years ago
When they produce 20,000 units per month, Sanders Incorporated has variable costs of $392,000 and fixed costs of $242,000. If Sa
Lady_Fox [76]

Answer:

increased in budget = $98000

correct option is A $98000

Explanation:

given data

produce = 20,000 units per month

variable costs = $392,000

fixed costs = $242,000

increases production = 25,000 units

to find out

how much will they have to increase their budget

solution

we get here total cost or present budget that is

total cost = variable cost + fixed cost

total cost = $392000 + $242000

total cost = $634000

and

variable cost per unit will be here

variable cost per unit = \frac{variable\ costs}{produce}

variable cost per unit = \frac{392000}{20000}

variable cost per unit = 19.6

and

variable cost for increased production = increases production × variable cost per unit  

variable cost for increased production = 25000 × 19.6

variable cost for increased production = 490000

and

total cost of increased production = fixed cost + variable cost for increased production

total cost of increased production = $242000 + $490000

total cost of increased production = $732000

and

increased in budget = $732000 - $634000

increased in budget = $98000

correct option is A $98000

6 0
3 years ago
Erin has been asked to maintain a​ "live" website.​ therefore, she needs to​ __________.
Alekssandra [29.7K]

what are the options


7 0
3 years ago
4. Wilford has developed a leg pillow for long airline flights that reduces the risk of blood clots. He isn't sure how to develo
Viefleur [7K]

To learn how people are searching online, a keyword analysis would be most relevant.

8 0
3 years ago
Martin Services Company provides their employees vacation benefits and a defined contribution pension plan. Employees earned vac
Umnica [9.8K]

Answer:

Explanation:

a. Provide the journal entry for the vacation pay

Employees earned vacation pay of $39,500 for the period.

                                                       Debit                   Credit

Vacation pay expense A/C          $39,500

Vacation payable A/C                                                $39,500

<em>(Being vacation pay accrued for periods) </em>

b. Provide the journal entry for the pension benefit.

9% of employee salaries and the salaries were $750,000

=> The pension plan requires a contribution to the plan administrator:  $750,000*9% = $67,500

                                                        Debit                   Credit

Pension expense                          $750,000

To cash A/C                                                                   $67,500

To unfunded pension liabilities                                   $683,500          

Hope it will find you well.        

7 0
3 years ago
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