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3 years ago

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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What is 4 P's in entrepreneur

leva [86]

Answer:

passion, persistence, perseverance, and preparation

Explanation:

6 0

3 years ago

Saying that Risk and Return go hand in hand, tells us that you ________ as the length of the investment horizon ________." A. ca

klio [65]

Answer:

A. can afford to take on additional risk; increases

Explanation:

Saying that Risk and Return go hand in hand, tells us that you can afford to take additional risk as the length of the investment horizon increases. Increasing the length of the investment horizon increases the ability to take on additional risk because in the long run the investment pays off while it may be choppy in the short time horizon.

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2 years ago

If the annual gross sales of the local ice cream shop total $82,649.00, and the net sales total $79,281.00, calculate the percen

Artemon [7]

The percentage of new sales is $3,368.00

4 0

2 years ago

According to the textbook, government price controls fail because: A. they are not enforced. B. legislation cannot repeal basic

Morgarella [4.7K]

Answer:

The correct answer is letter "B": legislation cannot repeal basic economic motives.

Explanation:

Government price controls are regulations imposed by the central government of a country to set limits on prices of certain goods or services because of a surplus, shortage or simply to maintain the demand and supply of those products at their equilibrium level.

However, the demand for some of those products could be unpredictable because individuals could react in opposite directions even if the government has set rules against consumers' favor. Customers' motives might not be always repealed by legislation.

4 0

2 years ago

Crain Company has a manufacturing subsidiary in Singapore that produces high-end exercise equipment for U.S. consumers. The manu

Dovator [93]

Answer:

Crain Company's total taxes would decrease by $64,740

Explanation:

the income statement for the parent company:

total revenue $2,490,000

- COGS ($1,490,000)

- S&A costs ($390,000)

EBIT $610,000

- taxes ($201,300)

net income $408,700

the income statement for the subsidiary:

total revenue $3,490,000

- COGS ($2,490,000)

- S&A costs ($199,000)

EBIT $801,000

- taxes ($368,460)

net income $432,540

total taxes paid = $201,300 + $368,460 = $569,760

if the parent company increases the selling price by 20%

the income statement for the parent company:

total revenue $2,988,000

- COGS ($1,490,000)

- S&A costs ($390,000)

EBIT $1,108,000

- taxes ($365,640)

net income $742,360

the income statement for the subsidiary:

total revenue $3,490,000

- COGS ($2,988,000)

- S&A costs ($199,000)

EBIT $303,000

- taxes ($139,380)

net income $163,620

total taxes paid = $365,640 + $139,380 = $505,020

the parent company's total taxes would decrease by = $569,760 - 505,020 = $64,740

5 0

3 years ago