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yarga [219]
3 years ago
8

Adam smith believed the invisible hand would do what for the economy?

Business
1 answer:
Art [367]3 years ago
8 0

Answer:

restore the equilibrium of the economy

Explanation:

According to Adam Smith, if market forces are allowed to move freely, they will work for the common benefit of everyone, and it will lead to an equilibrium in the market. The invisible hand moves the supply and demand in such a way to restore the natural balance. Sellers and buyers look for their self-interest and in doing that they efficient allocation of the resources

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NEED HELP ASAP!!
Virty [35]
The answer for this statement is TRUE
3 0
3 years ago
Read 2 more answers
The direct materials price variance is calculated asA) the difference in Actual Quantities (AQ) multiplied by the Actual Price (
Pachacha [2.7K]

Answer:

C) the difference in prices of the Actual Quantity Purchased (AQP) and the Actual Price (AP) multiplied by the Actual Quantity Purchased (AQP) and the Standard Price (SP) of the input purchased.

Explanation:

Direct Material Price Variance = (Actual Price - Standard Price) \times Actual Quantity

Opening the brackets we have

Actual Price \times Actual Quantity - Standard Price \times Actual Quantity

therefore, from the options provided option C) is correct as Direct Material Price Variance is difference in Actual Cost and Standard Cost of Actual Units

Final Answer

C) the difference in prices of the Actual Quantity Purchased (AQP) and the Actual Price (AP) multiplied by the Actual Quantity Purchased (AQP) and the Standard Price (SP) of the input purchased.

4 0
3 years ago
Which of the following attributes of a competitor is important in strategic planning?
emmasim [6.3K]
I think the answer is all of the above
8 0
3 years ago
What is considered one of the most common mistakes made by North American companies when trading with a Middle Eastern company?
Maurinko [17]

The main mistake made by North American when trading with a middle Eastern companies are being Impatient.

Explanation:

  • Middle east countries include countries such as  United Arab Emirate, Iran, Iraq, Turkey, Egypt etc.
  • North Americans are known to have a good trading relationship with many nations through out the world.
  • But the failed to maintain a healthy and good trading relationship with Middle eastern companies such as UAE etc.
  • On of the main reason why they failed is due to their impatience as arab people usually hesitate to take decisions regarding business right away and will demand some three or more business meetings before agreeing for trading, where on the other hand North americans didn't have such patience.

Hence their trading with North americans failed.

6 0
3 years ago
Merchandise with a sales price of $5,000 is sold on account with terms 2/10, n/30. The journal entry to record the sale would in
Savatey [412]

Answer:

Debit to sales discounts for $100

Explanation:

Please see journal entry to record the sales below;

a. Dr accounts receivable $5,00

To sales revenue account $5,000

(Being merchandise that is sold on credit basis)

Suppose payment is made within 10 days, the journal entry will be;

Dr Cash account $4,900

Sales discount account $100

(5,000 × 2%)

To accounts receivable $5,000

(Being cash that is received)

8 0
3 years ago
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