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3 years ago

Milton Friedman argues that __________.

Business

1 answer:

zzz [600]3 years ago

8 0

Answer:

Milton Friedman argues that <u>a business's only social responsibility is to maximize profits within the rules of the game.</u>

Explanation:

Milton Friedman is known to hold an opposing view when compared to that of John Keynes about economic theory.

Whereas Milton Friedman believes that the utmost responsibility of any company is to the shareholders, the Keynesian are more consumer focused.

Milton Friedman believes strongly in free capitalism and as a result does not advocate for any company offering corporate social responsibility to the society or public.

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An example of a derivative security is

AveGali [126]

Answer: The corrects answers are "a commodity futures contract", and "a call option on Intel stock".

Explanation: An example of a derivative security is a commodity futures contract, and a call option on Intel stock.

There are several types of derivative securities. A derivative security is a financial product whose value depends on the value of another asset. They can be classified in several ways, depending on their complexity, their characteristics or the agents involved in them.

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4 years ago

One of the scarce resources that constrain our behavior is time. each of us has only 24 hours in a day, and we must allocate ou

evablogger [386]

Scarce resources are those resources that have limited availability in combination with greater productive uses. Time is a scarce resource as well as all have limited time in our life. In addition, out of the limited time we have, a significance portion of that time is spent on unproductive tasks such as sleeping, bathing among other tasks. As more and more time is spent on a given activity the opportunity cost of that activity in terms of other activities rises. Opportunity cost in this case is the benefit that a person could have received by involving himself in a given task, but gave up to take up another task.

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3 years ago

Read 2 more answers

Nov. 5 Purchased 850 units of product at a cost of $10 per unit. Terms of the sale are 3/10, n/60; the invoice is dated November

pickupchik [31]

Answer: Please see explanation column for answer

Explanation: A perpetual inventory system maintains inventory balances ensuring that records are continually made immediately when purchases or sale are made together with any returns which are recorded in inventory accounts.

To record purchase of merchandise

Date Account Debit Credit

Nov 5 Merchandise Inventory $8500

Accounts payable $8,500

To record return of merchandise purchased

Nov 7 Accounts payable $300

Merchandise Inventory $300

To record payment of inventory

Nov 15 Accounts payable $8,200

Cash $7,954

Merchandise Inventory $246

Calculation =

Nov 5 - Cost of merchandise purchased = No of units x unit price = 850 x 10 =$8500

Nov 7 - Cost of merchandise returned = No of units returned x unt price = 30 x 10 = $300

discount received = Balance from accounts payable x discount rate = (8,500- 300) x 3%= 8200 x 0.03= $246

Cash = Accounts payable - Merchandise Inventory = $8200 - 246 =$7984.

4 0

3 years ago

Who looks like clementine in the walking dead?

solong [7]

Answer:

hmm, My sister HAHAHA

Explanation:

for real tho 0-0

6 0

3 years ago

Read 2 more answers

Eastern Products, Inc. has an attractive package of fringe benefits that costs the company $4 for each hour of employee time (ei

hammer [34]

Answer:

$192 will be allocated to the direct labor cost while $8 will be allocated to manufacturing overhead.

Explanation:

Costs relating to idle time are part of the fringe benefits that are related to direct labor and they are parts of the benefits given to workers.

Idle time is the number of time in which workers are idle during the normal working hours or day. Some of the causes of idle time include defective materials, power outage, faulty machine, shortage of raw materials, and among others.

In cost accounting, idle time costs are not included in the direct labor costs but are considered as indirect labor costs. Idle time costs are therefore included in manufacturing overhead cost.

From the question,

Direct labor cost = (Number of hours worked by Robert – Idle hours) × hourly rate

Direct labor cost = (50 - 2) × $4

= 48 × $4

= $192

Idle time cost = Idle time × hourly rate

= 2 × $4

= $8

Total cost = Direct labor cost + Idle time cost

= $192 + $8

= $200

Since idle time cost is considered as indirect labor cost and to be included in manufacturing overhead cost, $192 will be allocated to the direct labor cost while $8 will be allocated to manufacturing overhead.

All the best.

4 0

4 years ago