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3 years ago

Which of these is a characteristic of a pure command economy?

Business

1 answer:

Vika [28.1K]3 years ago

3 0

Answer:

The correct answer is letter "B": All businesses are owned by the state.

Explanation:

A Pure Command Economy is one where <em>the government controls all he economy</em>, functions as the central planner, determines production quotas and rates of distribution, and sets prices. There are such economies in communist or socialist states like China, North Korea, and Cuba.

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You have just won the lottery and will receive $530,000 in one year. You will receive payments for 25 years, and the payments wi

polet [3.4K]

Answer:

Present value= $3,642,651.54

Explanation:

Giving the following information:

You have just won the lottery and will receive $530,000 in one year. You will receive payments for 25 years, and the payments will increase by 4 percent per year. The appropriate discount rate is 10 percent.

First, we need to calculate the final value using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual payment= 530,000

i= 0.04 + 0.10= 0.14

n= 25

FV= {530,000*[(1.14^25)-1]}/0.14

FV= 96,391,538.43

Now, we can calculate the present value:

PV= FV/(1+i)^n

PV= 96,391,538.43/ (1.14^25)

PV= $3,642,651.54

7 0

3 years ago

The full disclosure principle requires a balance between_______________.

N76 [4]

Answer:

Relevance and cost effectiveness

Explanation:

Full disclosure principle means that a business should report all the relevant and necessary information regarding their financial statement to the people who are accustomed to reading it as not disclosing full information might affect the readers understanding.

It prevents any lack of information from the business's financial information and helps to ensure that creditors, stakeholders and investors are aware of all the relevant information while making key decisions that affect the company.

Not disclosing all the information could manipulate the companies financial statement and it may look stronger that it really is.

3 0

2 years ago

When Clorox introduced bleach in a no-drip bottle, the firm was taking action consistent with its product being in the ____ stag

Nadusha1986 [10]

Answer:

maturity

Explanation:

7 0

2 years ago

Question Content Area A company reports the following: Sales $1,243,190 Average accounts receivable (net) 94,900 Determine the (

erastova [34]

Accounts Receivable Turnover is 13.1 and the number of days in sales receivables is 27.8 days which is approx 28 days.

<h3>What is an Accounts Receivable Turnover?</h3>

Accounts Receivable Turnover is a turnover of several times per year a business collects its average accounts receivable.

Given

Sales=$1,243,190 (we assume whole sales on credit bases)

Average Accounts Receivable=$94,900

No of Days in a Year= 365(days)

Required to calculate:

Accounts Receivable Turnover=?

Number of days sales in receiables=?

Calculation of Accounts Receivable Turnover = Sales is divided by the average accounts receivable.

=$1,243,190/94900

=13.1 times

Calculation of Number of Days sales in Receivable= Number of Days in Year/ Accounts Receivable Turnover

=365/13.1 =28 Days(Approx)

Thus, the Accounts Receivable and a number of days sales in receivables are 13.1 times and 28 days respectively.

Learn more about Accounts Receivable Turnover here:

brainly.com/question/16447941

#SPJ1

6 0

2 years ago

What is evolution of finance?

aleksandrvk [35]

Answer: The Evolution of Finance. ... At the core financial institutions all do the same two things: first, they gather assets, and second, they invest those assets. Commercial banks take deposits and make loans. Investment banks identify pools of capital and issue securities. Asset managers take savings and invest those savings.

Explanation:

3 0

3 years ago