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4 years ago

Which of the following is NOT true about a command economy?

Business

1 answer:

kkurt [141]4 years ago

4 0

distribution of raw material. is decided by givernment

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Assume a market is in equilibrium. There is an increase in supply, but no change in demand As a result the equilibrium price ___

cluponka [151]

It is number D because if there’s an increase in supply but not change in demand then the equilibrium price will rise and the quantity will increase

5 0

3 years ago

What is the incidence of a tax?

kap26 [50]

The incidence of a tax is the final burden of a tax.

Explanation:

Taxation has an impact and incidence to a citizen.

To <em><u>differentiate between a direct and indirect tax</u></em>, the incidence is taken into consideration.

A direct tax has an impact and is incidental to one person who the tax payer(usually an employee).

An indirect tax has an impact on a tax payer but its incidence may or may not be transferred to the tax payer. Which means the tax payer may transfer the incidence of the tax to another person(usually the final consumer).

5 0

3 years ago

The following information applies to the questions displayed belowWarnerwoods Company uses a perpetual inventory system. It ente

Vadim26 [7]

Answer:

Gross profit under LIFO = $40,570 - $26,340 = $14,230

Gross profit under FIFO = $40,570 - $24,520 = $16,050

Gross profit under average cost = $40,570 - $26,238.46 = $14,331.54

Gross profit under specific ID = $40,570 - $26,070 = $14,500

Explanation:

I divided the purchases and sales:

Mar. 1 Beginning 130 units $51.60 per unit

Mar. 5 Purchase 240 units $56.60 per unit

Mar. 18 Purchase 100 units $61.60 per unit

Mar. 25 Purchase 180 units $63.60 per unit

Totals 650 units, $37,900

Mar. 9 Sales 290 units $86.60 per unit

Mar. 29 Sales 160 units a $96.60 per unit

Totals 450 units. $40,570

COGS under LIFO:

(240 x $56.60) + (50 x $51.60) = $16,164

160 x $63.60 = $10,176

total = $26,340

COGS under FIFO:

(160 x $56.60) + (130 x $51.60) = $15,764

(110 x $56.60) + (50 x $61.60) = $8,756

total = $24,520

COGS under average cost:

($37,900 / 650) x (290 + 160) = $26,238.46

COGS under specific ID:

(80 x $51.60 ) + (210 x $56.60) = $16,014

(60 x $61.60) + (100 x $63.60) = $10,056

total = $26,070

3 0

4 years ago

Celine Co. will need €500,000 in 90 days to pay for German imports. Today's 90-day forward rate of the euro is $1.07. There is a

harkovskaia [24]

Answer:

$1,000

Explanation:

The computation of the expected value of the real cost of hedging payable is shown below:-

Real cost of hedging 1 = (€500,000 × $1.07 × (90 ÷ 360)) - (€500,000 × $1.02 × (90 ÷ 360))

= $133,750 - $127,500

= $6,250

Real cost of hedging 2 = (€500,000 × $1.07 × (90 ÷ 360)) - (€500,000 × $1.09 × (90 ÷ 360))

= $133,750 - $136,250

= -$2,500

Expected value of the real cost of hedging payable = (Real cost of hedging 1 × Spot rate Given Percentage) + (Real cost of hedging 2 × Given percentage)

= ($6,250 × 0.40) + (-$2,500 × 0.60)

= $2,500 - $1,500

= $1,000

7 0

3 years ago

Fargo Inc. is a carbonated beverage manufacturer that has many manufacturing plants around the world. It is planning to shift fr

Aleksandr [31]

Answer:

For it's natural environment.

Explanation:

3 0

3 years ago

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