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3 years ago

What are the disadvantages of a mixed economy?

Business

2 answers:

alexgriva [62]3 years ago

7 0

Answer:

The disadvantages of a mixed economy are discussed below.

Explanation:

The Disadvantages of the Mixed Economy

The mixed economy is the midway house.
It is not helpful in achieving the total use of natural resources.
Heavy taxes made work really hard or make profits.
The mixed economy is the only one who suffers from the cons of capitalism and the socialist economy.
Under mixed economy wastage of country's resources occur in the country.

gogolik [260]3 years ago

5 0

One disadvantage of mixed economies is that they tend to lean more toward government control and less toward individual freedoms. ... Another negative is that the government decides the amount of tax on products, which leads to people complaining about high taxes and their unwillingness to pay them.

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3 years ago

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a. The Gap purchased inventories totaling $10,438 million during fiscal 2015. Use the financial statement effects template to re

BartSMP [9]

Question Completion:

The GAP is a global clothing retailer for men, women, children, and babies. The following information is taken from The Gap's fiscal 2015 annual report.

Selected Balance Sheet Data ($ millions)

2015 2014

Inventories $1,901 $1,861

Accounts Payable 1,140 1,145

Answer:

The Gap

a) Cost of Goods Sold: $10,398

The cost of goods sold increases the Expenses and reduces the Net Income in the Income Statement.

b) The cash paid to suppliers is $10,443.

Explanation:

Data and Calculations:

Accounts Payable

Beginning balance $1,145

Purchases 10,438

Payment 10,443*

Ending balance 1,140

*Payment = Beginning balance Plus Purchases Minus Ending balance.

Cost of Goods Sold:

Beginning Inventories $1,861

Purchases 10,438

Ending Inventories (1,901)

Cost of goods sold $10,398

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3 years ago

Repair calls are handled by one repairman at a photocopy shop. Repair time, including travel time, is exponentially distributed,

wolverine [178]

Answer:

the average number of customers awaiting repairs = 0.30

the system utilization = 42

the amount of time that the repairman is not out on a call is = 4.64 hours

the probability of two or more customers in the system = 0.1764

Explanation:

Given that :

Repair time, including travel time = mean of 1.6 hours per call.

Requests for copier repairs = mean rate of 2.1 per eight-hour day

i.e mean rate R = 2.1/day

Time = 8 hours

thus; mean rate μ = 8 hours/ 1.6 hours = 5

(a)

Let the average number of customers awaiting repairs be $I_i$ :

$I_i = \dfrac{R^2}{\mu (\mu-R)}$

$I_i = \dfrac{2.1^2}{5 (5-2.1)}$

$I_i = \dfrac{4.41}{5 (2.9)}$

$I_i = \dfrac{4.41}{14.5}$

$\mathbf{I_i = 0.30}$

the average number of customers awaiting repairs = 0.30

(b) Determine system utilization.

The system utilization is determined as follows:

$\delta = \dfrac{R}{\mu}$

$\delta = \dfrac{2.1}{5}$

${\delta = 0.42}$

$\mathbf{\delta = 42}$

Percentage of Idle time = 1 - $\delta$

Percentage of Idle time = 1 - 0.42

Percentage of Idle time = 0.58

However during an 8 hour day; The amount of time that the repairman is not out on a call is = 0.58 × 8 = 4.64 hours

(d)

the probability of two or more customers in the system by assuming Poisson Distribution is:

P(N ≥ 2) = 1 - (P₀+ P₁)

where;

P₀ = 0.58

P₁ = 0.58 × 0.42 = 0.2436

P(N ≥ 2) = 1 - ( 0.58 + 0.2436)

P(N ≥ 2) = 1 - 0.8236

P(N ≥ 2) = 0.1764

Thus; the probability of two or more customers in the system is 0.1764

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4 years ago

Information regarding income levels, education, occupations, and ethnic groups in your target market is call, a.secondary resear

enyata [817]

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3 years ago

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On July 4, 2018, Wyoming Mining Company purchased the mineral rights to a granite deposit for $1,600,000. It is estimated that t

kiruha [24]

Answer:

The amount of the Depletion Expense recognized for 2018 would be 240,000

Explanation:

In order to calculate the The amount of the Depletion Expense recognized for 2018, we have to calculate first the depletion expense per ton.

Hence, Depletion expense per ton = $1,600,000/400,000 = 4

Therefore, if the Depletion expense per ton is 4, and during 2018 60,000 tons of granits were sold then the Depletion expense to be recognized for 2018 will be=60,000*4

= $240,000. Amount of the Depletion Expense recognized for 2018

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3 years ago