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Verizon [17]
3 years ago
14

In the context of the free market system, the computer business is an example of _____

Business
1 answer:
mojhsa [17]3 years ago
7 0

Answer:

Producer

Explanation:

in the free market system, Producer is an entity that turn raw materials or skills to  create goods or services and sell it to the market in order to obtain a profit.

Computer businesses are a good example of this.

They bought of various types of materials (such as steel, glass, silica sand, iron ore, gold) and transform it into finished products such as a monitor, processor, Audio board, etc.

Some computer businesses also focus on creating software. Rather than raw materials, they utilize coding skills of their employees to create the product and sell it to the market.

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Western Company is preparing a cash budget for June. The company has $12,000 cash at the beginning of June and anticipates $30,0
topjm [15]

Answer:

$2,500

Explanation:

Opening balance                             $12,000

Cash receipts                                   $30,000

Cash disbursement                        ($34,500)

Closing balance                                $7,500

Minimum cash balance                    $10,000

Borrowing amount(1$0,000-$7,500)     $2,500

To maintain $10,000 cash balance western company need to borrow $2,500($10,000-$7500)

7 0
3 years ago
All of the following are deductible as medical expenses except:
MAVERICK [17]

Answer:

The correct answer is letter "D": vitamins and health foods that improve a taxpayer's general health.

Explanation:

The Internal Revenue Service (IRS) set deductions of medical expenses that exceed 10% of taxpayers' Adjusted Gross Income (AGI) for 2020. <em>Preventive care, surgeries, dental and vision assistance, psychologists and psychiatrists visits </em>are considered for deductions.  

<em>Prescription medications, glasses, false teeth, </em>and <em>hearing aids </em>are also included but non-prescription drugs -<em>but insulin</em>- are not deductible. Thus, vitamins and healthy food prescriptions are not deductible.

5 0
2 years ago
Mark hires Joe's real estate agency to sell his estate, telling Joe he has lost too much money playing the stock market to affor
artcher [175]

Answer:

No.

Explanation:

The contract is no longer valid because of changes in the condition of offer. By the operation of law, the occurrence of certain events will automatically terminate an agency relationship. Since Mark expressly stated that the reason he was selling the estate was because he has lost so much money, any significant cash inflow to Mark apart from the sale of the estate will ultimately affect his decision to sell. As such, the lottery he won is a cash flow and since a vital condition for selling the estate has been breached. The contract is to be declared invalid.

6 0
2 years ago
The consumer price index was 200 in 2008 and 190 in 2009. The nominal interest rate during this period was 4.5 percent. What was
leva [86]

Answer:

the real interest rate is 9.5%

Explanation:

The computation of the real interest rate is shown below:

But before that inflation rate need to be determined

Inflation rate is

= [CPI this year - CPIlast year] ÷ CPI last year

= {(190 - 200) ÷ 200} ×  100

= -0.05 × 100

i = -5%

Now the real interest rate is

real interest rate = nominal interest rate - inflation rate

= 4.5% - (- 5%)

= 9.5%

Hence, the real interest rate is 9.5%

3 0
2 years ago
If Nintendo lowers the price of its product by $10, Sony responds by lowering the price of its own product by $10. The following
yuradex [85]

Answer:fg yvhjbnkhnb vgfffff

Explanation:

4 0
2 years ago
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