The type of economy that the united states operates under is known as mixed economy system.
<h3>What is mixed economic system?</h3>
Mixed economy refers to the combination of a market economy and a traditional economy. The above means that the economy is under the control of private sector and public sector.
Characteristics of a mixed economy are:
1. The government has complete control over public goods such as education, healthcare, policing, defense and infrastructure development.
2. There is freedom for private enterprise and people can start their own business and earn a living.
3. There is freedom to conduct private business but the government does regulate.
Hence, the type of economy that the united states operates under is known as mixed economy system.
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Answer:
$850,000
Explanation:
Cramer's tax basis in its partnership interest can be estimated as follows:
Cramer's cash contribution to the general partnership = $500,000
Cramer's share of the recourse debt borrowed = $700,000 / 2 = $350,000
Cramer's tax basis in its partnership interest = Cramer's cash contribution + Cramer's share of the recourse debt = $500,000 + $350,000 = $850,000
Note:
The reecourse debt is shared equally as coventionally required when the profit and loss sharing is not stated in the question.
Answer:
Marketing Information Systems (MIS)
Explanation:
These are people and procedures in assesing information needs, developing the information and helping decision makers to generate and validate actionable customer and market insights.
The correct answer should be Option C: 30 graphic T-shirts on sale for $10
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Answer:
Carpenter will have to pay taxes for a recognized gain of $150,000
Explanation:
When you are calculating taxes, you must use the adjusted a¿basis of the buildings.
Paul is exchanging a $450,000 building + $75,000 in cash for a $375,000 office building.
Paul's realized loss = $525,000 - $375,000 = $150,000
therefore Carpenter's recognized gain = $150,000