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nlexa [21]
3 years ago
13

In a market system: A. a firm's owners are largely shielded from risk because they can walk away from the business at any time.

B. a firm's employees and suppliers are largely shielded from risk. C. employees and suppliers face the greatest risks because firms can shut down without notice and leave them unpaid. D. firm owners and employees share business risk more or less equally.
Business
1 answer:
Karo-lina-s [1.5K]3 years ago
7 0

Answer:

The correct answer is option B.

Explanation:

In a market system, the suppliers and employees are generally shielded from risk. The stockholders and owners of the business are most exposed to risk.

The employees will get their salaries which are fixed and the suppliers will get payments for their supplies. The profits of business owners and stockholders may fluctuate so they are exposed to risk.

The employees and suppliers do not get to share profits but they are shielded from risks.

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Answer:

a.                          Acct. receivable   % uncollectible   Est. uncollectible

1-30 days old           $63,000                      3%                    $1,890

31-90 days old         $12,000                      14%                   $1,680

> 90 days old           $5,000                       37%                  <u>$1,850</u>

                                                                   Total                   <u>$5,420</u>

b. Date   General journal                                         Debit    Credit

Dec 31    Bad debts expenses                                $5,150

                      Allowance for doubtful accounts                   $5,150

              ($5,420 - $270)

6 0
3 years ago
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<span>Tony did not breach a contract because it was all up to Lorene and who she wanted to go with. Lorene is not obligated to go with either. Although Bill spent most of his allowance, he could still ask someone else, sell his ticket and or even go by himself. I do not think Tony could be held liable even if he knew. It was not a nice thing to flake on Bill, but ultimately, it was Lorene's decision to make.</span>
8 0
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An offer. -- they had this

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Mutuality of obligation. Both parties are obligated to do something in this case.

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3 years ago
Dairy Wishes, a local ice cream store, finds
iragen [17]

Answer:

d. perfectly elastic.

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8 0
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