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3 years ago

Economic liberty supports the free enterprise because

Business

1 answer:

valentinak56 [21]3 years ago

6 0

Answer:

The answer is explained below

Explanation:

Economic liberty is the process in which individuals of a society make their own economic decisions. This involves freedom to produce, trade, invest or use any goods or services they desire. Economic liberty involves profiting from ones own ideas and creativity.

Economic liberty supports the free enterprise because people are given the ability regulate the prices of goods and services, import and export goods and own private properties without the intervention of the government.

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Linda's Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various information about the proposed investm

sammy [17]

Answer:

1) Accounting rate of return is 8.2%

2) Payback period is 5.95 years

3) Net present value (NPV) is ($88,643.26)

4) Option B

Explanation:

Initial Investment = $720,000 , Useful life = 10 years , Salvage Value = $100,000

Annual Net Income generated = $59,040 , Cost of capital = 14%

Depreciation = ($720,000 - $100,000) ÷ 10 = $62,000

Annual Cash flows = $59,040 + $62,000 = $121,040

1) Accounting rate of return = (Annual Net Income ÷ Average Investment) × 100

= (59,040 ÷ 720,000) × 100

= 8.2%

2. Payback Period = Initial Investment ÷ Annual Cashflows

= 720,000 ÷ 121,040

= 5.95 years.

3. PV of cash flows = 121,040 × PVAF(14% for 10 years)

= 121,040 × 5.2161

= $631,356.74

Less: PV of cash outflow = $720,000

Net present value (NPV) = (88,643.26)

4. If IRR = Discount rate, then NPV = 0

If IRR < Discount Rate, Then NPV is negative

If IRR > Discount Rate, Then NPV is positive

Here NPV is negative, so IRR is less than discount rate i.e.14%

5 0

4 years ago

Lumina Inc. had 4,900 employees at the beginning of 2014. During the first half of the year, the company had no attrition. The c

Harlamova29_29 [7]

Answer:

4 %

Explanation:

Employee turnover rate describes the rate at which employees leave a company, either voluntary or involuntary. It includes employees that separate from the organization only, but not internal movements.

The formula for calculating employee turnover is

Turnover rate = <u>Employees separated </u> x 100

The average number of employees

The average number of employees = Beginning number + Ending number.

For Lumina Inc. average number of employees

= 4900 + 5000/2

=4950

Employee turnover = 200/4950 x 100

=4 %

6 0

4 years ago

A company establishes a petty cash fund for $470. By the end of the month, employees had made the following expenditures from th

Masja [62]

Answer:

A petty cash fund is created by debiting the petty cash account and credited to the cash account

The expenses made is debited to the respective expenses account and then credited to the cash account

Explanation:

petty cash = $470

Expenditures made by employees :

supplies = $139

Fuel for deliveries = $123

postage = $76

Miscellaneous = $40

NOTE : A petty cash fund is created by debiting the petty cash account and credited to the cash account

The expenses made is debited to the respective expenses account and then credited to the cash account

ATTACHED IS THE JOURNAL ENTRY

8 0

3 years ago

The invisible hand concept suggests that Multiple Choice market failures imply the need for a national economic plan. big busine

Mademuasel [1]

The invisible hand concept says that assuming competition, private and public interests will coincide.

<h3>What does the invisible hand concept call for?</h3>

It believes that in order for a society to be well off, there has to be competition between firms.

This competition would lead to increased production which will take care of the country better. This would coincide with the public interest of taking care of citizens.

Find out more on the invisible hand theory at brainly.com/question/3078419.

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7 0

2 years ago

"The fictional country of Yieng has had an influx of updated technology to its manufacturing plants and the medical field in the

mario62 [17]

Answer:

In the previous years when the country's productivity was increasing t a 75% rate, the unemployment rate must have fallen a lot and the wages must have increased. Since productivity has stopped increasing, the unemployment rate will probably start to rise since their is gap between high labor supply (due to high wages) and a weakening labor demand.

3 0

3 years ago