Answer:
best combination of resources to use to produce a product.
Explanation:
Capitalism also referred to as free-enterprise system or free market can be defined as a type of economy in which prices, products and services are being determined by the market rather than the government. Thus, capitalism is devoid (free) of government regulations, interference or control because the market (enterprises) are the ones who are saddled with the responsibility of determining the market forces.
Simply stated, a pure capitalism is a type of economy that is completely driven by demand and supply of goods and services.
In a society, the role of an entrepreneur is mainly focused on bringing the four (4) factors of production together and take the risks of producing output, so as to generate revenue through sales and make economic profits in the long-run.
Hence, the profit and loss system of capitalism helps entrepreneurs determine best combination of resources to use to produce a product.
Answer:
Explanation:
The total equivalent units of direct materials and conversion costs for the month has been computed and attached.
Note that the conversion cost for the ending work in process was calculated as:
= $35,000 × 28%
= $35,000 × 0.28
= $9,800
Check the attachment for further analysis.
Answer: answer number 2
Explanation: it is the number answer 2 because you first open it then date stamp it and sort then distribute
Edie's contract includes an <u>Appraisal contingency </u>, it gives her the right to pull out of the deal if the house doesn't appraise at the agreed upon sale price.
A property's appraised value is determined by a professional real estate appraiser. As opposed to this, buyers determine a property's market value by paying whatever price they are willing to pay for it. An offer is subject to a contingency if a certain condition is not met. To put it another way, it functions similarly to a safety net. If the appraised value of the property is lower than the purchase price, the buyer can back out of the contract and keep the down payment. The home's true market worth is established through an appraisal.
To know more about Appraised Value refer to:
brainly.com/question/27939636
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Answer:
a. Michelle moves her food truck between various locations on a daily rotation. Last week, Michelle was stopped for speeding. She paid a fine of $240 for speeding, including $195 for legal advice in connection with the ticket.
Deductible amount $195
b. Michelle paid $865 to reserve a parking place for her food truck for the fall football season outside the local football arena. Michelle also paid $210 for tickets to a game for her children.
Deductible amount $865
c. Michelle provided a candidate with free advertising painted on her truck during the candidate’s campaign for city council. Michelle paid $960 to have the ad prepared and an additional $660 to have the ad removed from the truck after the candidate lost the election
Deductible amount $0
