An economy that has no interaction with other economies around the world is said to be closed and an open economy is one that freely interacts with other economies across the world.
<h3>What do you mean by open market?</h3>
A market that is open to competition has little to no restrictions on how businesses can operate. Tariffs, taxes, licensing requirements, subsidies, unionization, and any other laws or practices that obstruct free-market activity are not present in an open market.
<h3>What is a closed economy?</h3>
A nation with a closed economy is one that conducts no commerce or other financial transactions with any other nations. That indicates that neither imports nor exports enter the nation.
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A business will employ seed capital to fund a specific project or activity. It is the capital raised to start working on a new product or business idea.
<h3>What kind of capital is invested in a business?</h3>
The money a company has on hand to cover both its ongoing expenses and potential future expansion is known as capital. Working capital, debt, equity, and trade capital are the four main types of financial resources.
<h3>What kind of business venture capital is that?</h3>
Venture Capital (VC) is a term used to describe funding given by investors to start-up or small businesses that have a high potential for growth. A venture capital fund is a type of private equity funded by institutional and private investors, including investment banks, insurance providers, and pension funds.
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Answer:
Speed
Explanation:
In today's global environment competition is increasing day by day with the new competition entering the market daily. The most important factor to compete and gain a competitive advantage over other competitors is to produce and manufacture goods rapidly and more efficiently. In that regard, speed has become a critical factor and a powerful competitive weapon.
Answer:
A valuation allowance is a contra account to deferred tax assets only-A.
Answer:
Option (e) is correct.
Explanation:
Jungle gyms:
Contribution margin per unit:
= Selling price - variable expenses
= $120 - $90
= $30
No. of units sold = 12,000
Tree houses:
Contribution margin per unit:
= Selling price - variable expenses
= $200 - $100
= $100
No. of units sold = 8,000
New sales mix ration = 12,000:8,000
= 3:2
Contribution margin ratio:
= (Contribution ÷ Sales) × 100
= [($30 × 3) + ($100 × 2) ÷ ($120 × 3) + ($200 × 2)] × 100
= $290 ÷ $760
= 38%