All categories

3 years ago

In a planned economy, prices of commodities are controlled by _________.

Business

1 answer:

GalinKa [24]3 years ago

4 0

The correct answer is C. The government

Explanation:

The key feature of a planned economy is the strong influence and control of government in the economy. Indeed, in a planned economy it is the government the entity that decides on trade and production, this includes the prices of goods and the types of products that should be manufactured. Moreover, this does not occur in market economies because in these customers, produces and the law of supply/demand determine factors of the economy. According to this, in a planned economy prices are controlled by government.

You might be interested in

When an individual qualifies for a lower premium or rate than standard risks, the insured is considered a?

Lana71 [14]

When an individual qualifies for a lower premium or rate than standard risks, the insured is considered a Preferred risk

What is an Insurance?

Insurance protection against loss is offered by insurance. It is a form of risk management that is mostly used to reduce the risk of a potential loss that is unknown or contingent. A business that provides insurance is known as an insurer, insurance firm, insurance carrier, or underwriter.

To learn more about Insurance

brainly.com/question/26285319

#SPJ4

5 0

2 years ago

How much money does it take to start a business

vaieri [72.5K]

The truth is that no business is the same and many micro-businesses can get started for as little as $3,000 or less. These businesses are often home-based sole proprietorships with low upfront investments.

5 0

4 years ago

Read 2 more answers

You just won $70,000 on a scratch-off lottery ticket. You plan to save the money in a retirement account expected to return 8% p

Nina [5.8K]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

You just won $70,000 on a scratch-off lottery ticket. You plan to save the money in a retirement account expected to return 8% per year.

The number of years is 45.

We need to use the following formula for future value:

FV= PV*(1+i)^n

FV= 70,000*(1.08)^45= $2,234,431.46

6 0

3 years ago

Bryan and Cody each contributed $120,000 to the newly formed BC Partnership in exchange for a 50% interest. The partnership used

den301095 [7]

Answer:

the answer is a

Explanation:

Answer a) Particulars Bryan Cody Particulars Bryan Cody 1st Year To, Loss In 1st year 40,000.00 40,000.00 By , Partners Capital 120,000.00 120,000.00 To, Depreciation (80:20) 28,800.00 7,200.00 To , balance c/d 51,200.00 72,800.00 120,000.00 120,000.00 120,000.00 120,000.00 To, Depreciation (80:20) 46,080.00 11,520.00 By , balance c/d 51,200.00 72,800.00 By, Profit in 2 nd year 20,000.00 20,000.00 To , balance c/d 25,120.00 81,280.00 71,200.00 92,800.00 71,200.00 92,800.00 Note : No losses have been suspended as in both the years both...

7 0

3 years ago

A store offers two payment plans. Under the installment plan, you pay 25% down and 25% of the purchase price in each of the next

MaRussiya [10]

Answer:

a-1) Present value of the instalment option = $93.08

Present value of paying the bill immediately =$90

a2) Paying the bill immediately is the better deal

b-1) Present value of the instalment option = $88.65

b-2) Paying in instalments in this case is the better deal

Explanation:

a-1) Calculate Present value of the instalment option

The payments are spread out as follows: $25 immediately, and 25 at the end of each of the following 3 years, this is an annuity due where the present value is calculated as follows:

$Present value =PMT*\frac{[1-(1+i)^-^n]}{i}*(1+i)$

PMT = the annuity payment at the beginning of each period=$25

i = interest rate per period that would be compounded for each period

=0.05

n = number of payment periods=4

Present value = $25*\frac{[1-(1+0.05)^-^4]}{0.05}*(1+0.05)$ =$93.08

Present value of paying the bill immediately= $100 less the 10% discount= $100*0.9 = $90

a-2)Paying the bill immediately is the better deal as it has a lower cost of $90 compared to paying in instalments which a present value cost of $93.08

b1) If the payments on the 4-year instalment plan do not start for a full year, then the present value of the payment stream is calculated as follows:

$Present value =PMT*\frac{[1-(1+i)^-^n]}{i}*\frac{(1+i)}{1+1}$

= $PMT*\frac{[1-(1+i)^-^n]}{i}$

= $25*\frac{[1-(1+0.05)^-^4]}{0.05}$ = 88.65

b-2) paying in instalments in this case is the better deal as it has a lower cost of $88.65 compared to paying the bill immediately which has present value cost of $90.

4 0

3 years ago