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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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How did the economy impact the livelihood of the 13 original colonies? open study?

AVprozaik [17]

Before the foundation of the United States, the Kingdom of Britain owned the 13 colonies on the East shore of North America. Those colonies were separated into 3 regions: the New England, the Middle Colonies, the Southern Colonies. Economic activities and trade was dependent of the environment in each of those regions. Economy in the New England : ship building industry, fishing, trade. Economy in the Middle Colonies: farming, lot of jobs for skilled workers. Also merchants invested money in colonies. In the Southern Colonies: cotton and tobacco-industry. The economy impact the livelihood of the original 13 colonies by giving jobs and money to the colonists.

4 0

4 years ago

Martinez Manufacturing applies overhead based on direct labor hours. The company estimates that their overhead for the year will

aev [14]

Answer:

The correct answer is C: underapplied by $2,500

Explanation:

Giving the following information:

Martinez Manufacturing applies overhead based on direct labor hours.

The company estimates that their overhead for the year will be $180,000 and that they will use 72,000 direct labor hours.

During the year, Martinez Manufacturing used 75,000 direct labor hours and actual overhead costs were $190,000

We need to calculate if the overhead was under or over applied and in what amount.

Predetermined overhead rate= total estimated manufacturing overhead for the period/ total amount of allocation base

Predetermined overhead rate= 180000/72000= $2.5 an hour

Now, we can calculate the amount of overhead allocated:

Overhead allocated= 75000 hours*2.5= $187,500

Over/under applied= actual overhead - allocated overhead= 190,000 - 185,500= $2,500 underapplied

7 0

3 years ago

Mr. Brown wants to buy a Tesla Model S car, whose price is $100, 848. The dealer offers a loan plan: $30, 000 downpayment, $X at

algol [13]

Answer:

X is $30,000

Explanation:

First, we need to calculate the Amount ofLoan

Amount of Loan = Car price - Down payment = $100,848 - $30,000 = $70,848

This is the situation of annuity payment for 4 years at a 25% interest rate with equal annuity payment each year.

Now we will use the following formula to calculate the value of X

PV of Annuity = Annuity payment x ( 1 - ( 1 + interest rate )^-numbers of years ) / Interest rate

Where

PV of Annuity = Amount of Loan = $70,848

Interest rate = 25%

Numbers of years = 4 years

Annuity Payment = X = ?

Placing values in the formula

$70,848 = X x ( 1 - ( 1 + 25% )^-4 ) / 25%

$70,848 = X x 2.3616

X = $70,848 / 2.3616

X = $30,000

6 0

3 years ago

An enterprising student has set up an internship clearinghouse for business students. Each student who uses the service fills ou

GalinKa [24]

Answer: See Explanation

Explanation:

Using the first method goes thus:

Form Processing = 12 minutes

Time taken to complete processing = 4 minutes

Total Time for processing will be:

= 12 + (4 × 13)

= 12 + 52

= 64 minutes

Method 2

Form Processing = 5 minutes

Time taken to complete processing = 4 minutes = 4 minutes

Total Time for processing will be:

= 5 + (4 × 13)

= 5 + 52

= 57 minutes

Hence method 2 is better because it's faster as it used a lesser time to process the compared to method 1.

3 0

3 years ago

Before the 1930s, most government involvement in day-to-day 4 was aimed at __________.

Sliva [168]

Before the 1930's most government involvement in day-to-day 4 was aimed at the free market system. Hope this helps.

7 0

3 years ago