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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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Kapono Farms exchanged an old tractor for a newer model. The old tractor had a book value of $18,000 (original cost of $40,000 l

Sati [7]

Answer:

Loss on exchange is -$7,800

initial value of tractor is $42,200

Gain on exchange is $8000

Initial value of tractor is $58,000

Explanation:

The amount of gain or loss recognizable on the exchange is the difference between the fair value of the old asset and its book value

Loss on the asset=$10,200-$18,000=-$7,800

Initial value of the new tractor=fair value of the old tractor+cash payment

Initial value of the new tractor=$32,000+$10,200=$42,200

If fair value were $26,000

gain on the exchage=$26,000-$18,000=$8,000

Initial value of the new tractor=$32,000+$26,000=$58,000

3 0

3 years ago

if variable cost increases by $1/unit, advertising cost increases by $1,500, and units sales increase by 250, what would be the

stira [4]

Revised Sales revenue (1,000 + 150 units = 1,150 * $35) $40,250

Less: Reised Variable costs ($21 + $1 = $22 * 1,150) ($25,300)

Revised Contribution Margin $14,950

Less: Revised Fixed costs ($8,400 + $1,250) ($9,650)

Net operating income $5,300

Fixed costs remain the same for a period of time. Variable costs increase or decrease depending on the performance of the company. Examples of fixed costs are rent, taxes, and insurance premiums.

Variable costs are costs that change with changes in quantity. Examples of variable costs include raw materials, parts labor, production materials, handling charges, shipping charges, packaging materials, and credit card fees. In some fiscal documents, the variable cost of production is called the "cost of goods sold."

Learn more about Variable costs at

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4 0

2 years ago

When sales agent jane first contacted john, after her three-month vacation to barbados, was seller john her client?

Mashutka [201]

If sales agent jane first contacted john, after her three-month vacation to barbados. No, seller john was not her client?

<h3>Who is a sales agent?</h3>

A sales agent can be defined as someone whose sole responsibility is to sell product to potential customers and to as well market product to buyer.

Hence, seller John is not her client based on the fact that both John and Jane did not agreed on any agency relationship terms and agreement.

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6 0

2 years ago

Fax machines, voice mail, electronic mail, and electronic conferencing are all examples of

snow_tiger [21]

They are forms of Communication.

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3 years ago

Rhonda, a general manager, makes a decision on behalf of the business that leads to some personal financial gains, while the com

noname [10]

Answer:

Conflict of interest .

Explanation:

The scenario depicts a conflict of interest. Rhonda's decision benefits Rhonda at the expense of the company. Rhonda does not fulfill the responsibility to ensure that the company stays profitable, which is a conflict of interest. A conflict of interest, one of the most common ethical issues identified by employees, exists when a person must choose whether to advance his or her own personal interests or those of others.

8 0

3 years ago