In a free market system, decisions about what and how much is produced are made by the producer.
<h3 /><h3>What is a Market?</h3>
A market is a place where buyer and seller. They exchange goods and services, for a barter or for an agreed price.
Free market system is a type of market which is ideal for the seller, as there is less intervention by the government, also the property is private, the seller have the choice to make decisions. There is competition also which makes it an ideal market for the buyer too.
The autonomy is with the seller about setting the prices and other business matters which enables good interest and motivation for the seller/ the owner of the business/ the participant in the free market.
In a free market it is the choice of the producer to take decision about what and how much of the produced is to be made.
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Answer: $37000
Explanation:
Sharon's basis in the partnership interest after the formation transaction is calculated below:
Adjusted basis of property to Sharon = $100,000
Less: Basis in mortgage = $90000 × (100% - 30%) = $90000 × 70% = $63000
Then, Sharon's basis in the partnership interest after the formation transaction will be:
= $100000 - $63000
= $37000
A clearly written policy manual is the most important factor in maximizing the positive effects of a diverse workforce.
<h3>What is Diversity?</h3>
This is defined as a state of having differing elements or background in a place. This leads to having lots of differences which can be effectively managed.
In a workplace, the best way to maximize its positive effects is by ensuring a clearly written policy manual so as to prevent conflicts.
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Answer:
$1,200,000
Explanation:
The computation of the maximum number of new shares of common stock is shown below:
= Total authorized shares - total outstanding shares
= $2,700,000 - $1,500,000
= $1,200,000
We simply subtract the total outstanding shares from the total authorized shares, so that the maximum number of shares could find out.
All other information which is given is not relevant. Hence, ignored it
Answer:
The preparation is shown below:
Explanation:
The preparation is presented below
Particulars Make Buy Net Income Increase
or (Decrease)
Variable
Manufacturing
Cost (10,000 × $5) $50,000 $50,000
Fixed
Manufacturing
Cost (10,000 × $3) $30,000 $30,000 No effect
Purchase Price
(10,000 × $6) - $60,000 -$60,000
Total Annual Cost $80,000 $90,000 -$10,000
As we can see that the total annual cost is less in make decision as compared to buy decision so the Manson should make the part
