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3 years ago

In a command economy, who owns the factors of production

Business

1 answer:

Paladinen [302]3 years ago

8 0

Answer:

The government

Explanation:

In a command economy, the central government controls all the aspects of the economy. The factors of production belong to the government.

<u>Some characteristics of a command economy include</u>,

The government determines the prices of goods and services.
The government decides what goods and services are to be produced, and their quantities.
All the county's resources, including the land and capital, belong to the government.
The governments assign jobs and set wages.

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A company’s activities for Year 2 included the following: Gross sales $3,600,000 Cost of goods sold 1,200,000 Selling and admini

hichkok12 [17]

Answer: Option (B) is correct.

Explanation:

Net sales = Gross sales - Sale return

= $3,600,000 - 34,000

= $3,566,000

Gross profit = Net sales - COGS

= $3,566,000 - $1,200,000

= $2,366,000

Total Income = Gross profit - S& A expense - Prior period expense + Gain on sale of securities + Gain on disposal of business segment

= $2,366,000 - $500,000 - $59,000 + $8,000 + $4,000

= $1,819,000

Net Income for Year 2 = Total Income - [email protected]%

= $1,819,000 - $545,700

= $1,273,300

3 0

3 years ago

When a company examines consumers' brain patterns to determine their responses to marketing communications, products, or service

Rama09 [41]

they do what that ain't right

5 0

3 years ago

A patent: Group of answer choices includes articles or processes falling under the category of physical phenomena or abstract id

ryzh [129]

Answer:

The correct answer is letter "C": deprives competitors of the opportunity to use the invention without the patent holder's consent.

Explanation:

Patents are grants given to the creator of innovation by which that individual is the only person with the right of use of the new technology. The U.S. Patent and Trademark Office (USPTO) is the agency in charge of evaluating the patent requests and providing them whenever suitable.

Patents are usually given for 20 years beginning from the date when the patent application was filed in the USPTO. If approved, <em>other individuals cannot use, replicate or exploit the innovation without the explicit permission of its creator.</em>

4 0

4 years ago

Explain how an enterprise can use functional level strategy to improve 1) efficiency, 2) quality, and 3) customer responsiveness

Eduardwww [97]

Answer:

Explanation:

Functional level strategies can improve a company’s ability to attain superior efficiency, quality, innovation, and customer responsiveness by reducing costs and improving production by ways such as economies of scale, learning effects, marketing strategies or efficient information technologies.

7 0

3 years ago

Stahl Company was incorporated as a new business on January 1, 2019. The company is authorized to issue 600,000 shares of $2 par

polet [3.4K]

Answer:

Stahl Company

Stockholders' Equity section of the balance sheet

As of December 31, 2019

Authorized shares:

Common Stock, 600,000 at $2 par value

6%, Preferred Stock, 80,000 at $20 par value

Issued shares:

Common stock, 75,000 at $2 par value $150,000

6% Preferred stock, 5,000 at $20 par value 100,000

Additional Paid-in Capital, Common stock 975,000

Additional Paid-in Capital, 6% Preferred stock 25,000

Retained earnings, December 31, 2019 500,000

Total equity $1,750,000

Explanation:

a) Data and Calculations:

Authorized shares:

Common Stock, 600,000 at $2 par value

6%, Preferred Stock, 80,000 at $20 par value

Issued shares:

Cash $1,125,000 Common stock $150,000 Additional Paid-in Capital, Common stock (75,000 * $13) $975,000

Cash $125,000 6% Preferred stock, $100,000 Additional Paid-in Capital, 6% Preferred stock $25,000 ($5 * 5,000)

Retained earnings, December 31, 2019 = $500,000

6 0

3 years ago