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3 years ago

In a market economy, competition is a crucial requirement. What is one benefit to fostering competition in an economic system?

1 answer:

4 0

What is one benefit to fostering competition in an economic system? It gives consumers more choices in the quality and price for things they want to buy. It causes higher prices, so businesses make a higher amount of profits

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Note that common skills are listed toward the top, and less common skills are listed toward the bottom.

photoshop1234 [79]

Answer:

speaking

monitoring

complex problem-solving

coordination

critical thinking

Explanation:

can i have brainlest

5 0

3 years ago

Read 2 more answers

Alyeska Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil f

Ainat [17]

Answer:

1. Margin = 8%

2. Turnover = $7,500,000

3. Return on Investment = 12%

Explanation:

Sales for the year = $7,500,000

Net Operating Income = $600,000

Average Operating Assets = $5,000,000

1. Therefore, Margin = ( Net operating Income/Total Sales ) $\times$ 100 = 8%

2. Turnover = Sales for the period = $7,500,000

3. Return on Investment = Net Income/Average Operating assets

= $600,000/$5,000,000 = 12%

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3 years ago

Sheffield Company signed a long-term noncancelable purchase commitment with a major supplier to purchase raw materials in 2021 a

Sphinxa [80]

The journal entry to record the purchase of the raw materials by Sheffield Company is as follows:

Debit Purchases $1,031,600

Credit Accounts Payable $1,031,600

To record the purchase of the raw materials in 2021.

The December adjusting entry can be revised with:

Debit Estimated Liability $53,300

Credit Unrealized holding Loss $53,300

To reverse the December 31 adjusting entry.

<h3>What is an unrealized holding loss?</h3>

In this instance, the unrealized holding loss arose from the fact that the market value of the raw materials is less than the purchase amount because of the noncancelable commitment.

Thus, the unrealized holding loss arose as the difference between the market value and the purchase amount.

<h3>Data Analysis:</h3>

Purchases $1,031,600 Accounts Payable $1,031,600

Estimated Liability $53,300 Unrealized holding Loss $53,300

Thus, the entry to record the purchase is a debit to the purchases account and a credit to accounts payable.

Learn more about recording purchases at brainly.com/question/24179237

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2 years ago

On January 1, a company borrowed $50,000 cash by signing a 7% installment note that is to be repaid in 5 annual end-of-year paym

Andreas93 [3]

Answer:

Please see attachment

Explanation:

Please see attachment

3 0

4 years ago

Match each description 1 through 4 with the characteristic of preferred stock that it best describes in the dropdown next to eac

andreyandreev [35.5K]

Answer:

1. <em>Holders of the stock are entitled to receive current and all past dividends before common stockholders receive any dividends</em> - Cumulative Shares

Holders of Cumulative Shares will always receive the dividends owed to them because even if they do not get it in a particular period, the dividends will accrue until the company is able to pay them.

2. <em>Holders of the stock can receive dividends exceeding the stated rate under certain conditions - </em>Participating Shares

Participating Shareholders are eligible to receive an extra dividend provided that there is surplus profit after all the other dividends have been paid off.

<em>3. Holders of the stock are not entitled to receive dividends in excess of the stated rate. - </em>Non- Participating Shares

Even if there are surplus profits after all other dividends have been paid off, these holders are not entitled to that profit.

<em>4. Holders of the stock lose any dividends that are not declared in the current year - </em>Non- Cumulative Shares

If their dividend is not declared in a certain period, they will forfeit that dividend for the period.

7 0

3 years ago