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3 years ago

Which of these countries has a command economy?

Business

1 answer:

Andrej [43]3 years ago

7 0

Answer:

A. Cuba

Explanation: Command economy , simply means planned economy

Some other countries with command economies are;

North Korea

The former Soviet Union

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Transactions for Ivanhoe Company for the month of June are presented below. June 1 Issues common stock to investors in exchange

beks73 [17]

Answer:

The Journal entries are as follows:

(a) On June 1,

Cash A/c Dr. $5,830

To common stock $5,830

(To record the issue of common stock for cash)

(b) On June 2,

Equipment A/c Dr. $1,550

To accounts payable $1,550

(To record the purchase of equipment on account)

Rent expense A/c Dr. $560

To cash $560

(To record the rent expense)

(d) On June 12,

Accounts receivable A/c Dr. $510

To Welding service revenue $510

(To record the welding service revenue)

6 0

3 years ago

what is one of the reasons marketing is essential to the free market system A. it employs more people that any other career grou

Shkiper50 [21]

Answer:

B. it helps educate consumers about competitive products.

Explanation:

In the free-market economy, entrepreneurs have the freedom to start and operate any business of their preference. They are no restrictions on the number or type of business to establish. Due to this reason, business competition is very intense. Producers provide a variety of products and services that offer solutions to customers' problems.

Marketing becomes important as it informs consumers of the various goods and services available. It equips customers with the knowledge to enables them to choose between products.

5 0

3 years ago

In a ________, a small team of workers handle all aspects of building a component, a “family” of components, or a finished produ

zysi [14]

A business setting or place

3 0

3 years ago

Read 2 more answers

Wages from an employer are the only source of income. True or false??

stira [4]

The answer is False. Wages from an employer are not the only source of income.

3 0

4 years ago

Mini Corporation factored, with recourse, $600,000 of accounts receivable with Huskie Financing. The agreement met all three con

tatiyna

Answer:

Assets:

Cash (600,000x92%) I552000

Due from factor I18000

Accounts receivable D600000

Liabilities:

Recourse obligation I14400

Equity:

Loss on sale of receivable D44400

Explanation:

First, we have to calculate Loss on Sale of Receivable

Accounts receivable factored 600,000

Finance charge (8% -3%) 5%

Finance charge on receivables (600,000 x 5%) 30,000

Hold back (%) 3%

Due from factor (600,000 x 3%) 18,000

Recourse obligation (600,000 x 2.4%) 14,400

Loss on Sale of Receivable (30,000 + 14,400) 44,400

Now, we show the effect of factoring:

-------------------------------------------------------------------------------------------------------------------------------------------------------

Assets Liabilities Equity

--------------------------------------------------------------------------------------------------------------------------------------------------------

Cash (600,000x92%) I552000 Recourse obligation I14400 Loss on sale of receivable D44400

Due from factor I18000

Accounts receivable D600000

Hope this helps!

6 0

3 years ago