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3 years ago

Which of the following statements is true in a capitalist economy?

Business

1 answer:

zepelin [54]3 years ago

6 0

The answer is: b. Markets motivate individual actors to make economic decisions.

In a capitalist economy, the government has very little influence to intervene in the economy. The market is solely controlled by the power of supply and demand. When a lot of people demanded a certain type of products, people who will gain the most profit would be those who are bale to make economic decisions to fulfill the demand in the market.

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When the output of the collective farms and private plots were compared?

-Dominant- [34]

<span>The private plots were more productive
In collective farms, the land and the operations are mostly owned by the states.
This situation created lack of competition, which demotivates the farm's operators to increase the quality of the farms.
This will lead to private plots gaining more incentives to create a better output from their farms.</span>

5 0

3 years ago

If amazon had decided to design and manufacture the kindle and all its components in the united states, what do you think the co

Scrat [10]

Answer:

Brief summary of the case:

The case deals about the evolution of kindle by Company A. When the company decided to introduce kindle, its price was $399 in 2007. Company A understood that to be successful against the huge competitors, kindle must be priced low. It must be highly reliable, many features and elegance must be provided in the design of kindle. "Company A- designed kindle in State C where the research and development expertise is available.

Market research firm "IS," estimated that the manufacturing cost of kindle is about $185. The expensive components of the kindle are the display used in the Electronic ink technology and wireless cord. Company A contracted with Country C's company to produce the display. A manufacturer in Continent A produced a wireless cord of $13. Many components were contracted to the different countries to reduce the cost of the kindle to be competitive. Now, kindle became the competitor to the massive companies.

Determine if the company has decided to manufacture all the components of Electronic reader K in Country U:

If Company had decided to manufacture all the components in Country U, then it would have been more expensive. Company A cannot sell that at an affordable price. Increase in the cost of the components would increase the overall cost of the Electronic reader K. The most important strategy of Company A is to minimize the cost of the product to increase the number of sales.

Increase in the manufacturing cost will dilute their competitive advantage and it increases the cost of the product. It will lower the sales and the buyers would prefer to use the competitors' products, which are cheaper.

Determine if the company has decided to manufacture all the components of Tablet F in Country U:

It would be expensive if they decide to manufacture the components in Country U. It will not affect the sales number like Electronic reader K. as Tablet F is multipurpose. People will prefer quality and specifications than price.

Conclusion:

Manufacturing in Country U would be expensive and it increases the overall cost of the product. It would affect sales of the products.

3 0

4 years ago

The term economies of scale refers to the fact that as the:

frutty [35]

Answer:

quantity of product produced in a given period increases, the cost of manufacturing each unit decreases

Explanation:

Economies of scale happens when the average total cost (variable + fixed production costs per unit) decreases as total output increases. This generally takes place because fixed costs are the same for a small number of units produced or a large number of units produced, so the average fixed cost per unit tend to decrease as more units are produced (at least up to certain point). Variable production costs per unit can also decrease as total output increases since materials might be purchased in larger quantities resulting in higher discounts or labor productivity increases.

7 0

3 years ago

Facial Cosmetics provides plastic surgery primarily to hide the appearance of unwanted scars and other blemishes. During 2021, t

valentina_108 [34]

Answer: Please see explanation for answers

Explanation:

Age Group Amount Estimated Percent Estimated Amount

Receivable Uncollectible Uncollectible

Not yet due $ 32,000 4 % $1,280

0-30 days past due 10,200 6 % $612

31–60 days past due 7,200 12 % $864

More than 60 days past due 2,600 30 % $780

Total $ 52,000 $3536

Calculation

1) Estimated Amount Uncollectible = Amount Receivable x Estimated Percent Uncollectible =

4% x 32,000= $1,280

6% x 10,200=$612

12% x 7,200=$864

30% x2600=$780

Total = $3,536

The allowance for uncollectible accounts = $3,536

2) Journal to Record the December 31, 2021, adjustment for a debit of $400

Estimated Amount Uncollectible =$3,536

Adjusted = $3536 + debit $400=$3,936

Date Account Debit Credit

Dec 31, 2021, Bad debts Expense $3,936

Allowance for uncollectible accounts $3,936

3) Journal to Record the write-off of $500

Date Account Debit Credit

April 3, 2022, Allowance for uncollectible

accounts $500

Accounts receivable $500

4a)Journal to reinstate the account previously wrtten off On July 17, 2022

Date Account Debit Credit

July 17, 2022, Accounts receivable $100

Allowance for uncollectible accounts $100

4b)Journal to record collection of cash

Date Account Debit Credit

July 17, 2022, Cash $100

Accounts receivable $100

5 0

4 years ago

Nielsen Auto Parts had beginning net fixed assets of $218,470 and ending net fixed assets of $209,411. During the year, assets w

balu736 [363]

Answer:

Capital Expenditure during the year 40,706

Explanation:

opening assets = 218470

less: Depriciation for the year = (42822)

less: Disposal of assets = (6943)

less: Closin Assets = (209411)

Balancing figure additions = 40706

8 0

3 years ago