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Andrews [41]
3 years ago
11

What do socialism and communism have in common? Economics

Business
2 answers:
dedylja [7]3 years ago
8 0

Answer:

Both socialism and communism are essentially economic philosophies advocating public rather than private ownership, especially of the means of production, distribution and exchange of goods (i.e., making money) in a society.

elena-14-01-66 [18.8K]3 years ago
4 0

Answer:

Both socialism and communism are essentially economic philosophies advocating public rather than private ownership, especially of the means of production, distribution and exchange of goods (i.e., making money) in a society.

Explanation:

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Ruiz Co. provides the following unit sales forecast for the next three months: January February March Sales units 3,000 4,200 5,
Svetlanka [38]

Answer:

The budgeted production in February is 4280 units.

Explanation:

The ending inventory for January would be 10% of January's budgeted sales. Thus, the ending inventory will be = 4200 * 0.1  =  420 units

The budgeted production in February will be enough to meet the desired ending inventory for February and the remaining sales for the month of February after selling the opening inventory for February.

Desired ending inventory February = 5000 * 0.1 = 500 units

The budgeted production in February is,

Production = Closing Inventory + Sales - Opening inventory

Production = 500 + 4200 - 420  =  4280 units

8 0
3 years ago
Read 2 more answers
The Titan retires a $24.6 million bond issue when the carrying value of the bonds is $21.4 million, but the market value of the
nataly862011 [7]

Answer:

A debit of $7.6 million to a loss account

Explanation:

Step 1. Given information.

  • Carrying value is 21.4 million
  • Market value when retired is 29 million.

Step 2. Formulas needed to solve the exercise.

Gain(Loss) = Carrying value - Market value when retired

Step 3. Calculation.

= 21.4 million - 29 million

= 7.6  million

Step 4. Solution.

A debit of $7.6 million to a loss account

6 0
3 years ago
A university cafeteria line in the student union hall is a self-serve facility in which students select
Setler [38]

Answer:

The answer to this question is a= µ=60/12=5 students/min

Explanation:

Solution

Given that:

λ=4 students / min

The Waiting time in Queue= λ /µ(µ- λ )==4/(5*(5-4))=0.8 min

The Number of students in the line L(q)= λ *W(q)= 4*.8= 3.2 students

TheNumber of students in the system L(q)= λ /(µ- λ )=4/(5-40=4 students

Then,

The Probability of system to be empty= P0= 1-P= 1-0.8= 0.2

Now,

If the management decides to add one more cashier with the same efficiency then  we have

µ= 6 sec/student= 10 students/min.

so,

P= λ /µ =4/10=0.4

Now,

The probability that cafeteria is empty= P0= 1-0.4= 0.6

If we look at the above  system traits, it is clear that the line is not  empty and the students have to standby for 0.8  in the queue waiting to place their order and have it, also on an average there are 3.2 students in the queue and in the entry cafeteria there are 4 students who are waiting to be served.

If the management decides to hire one more cashier with the same work rate or ability, then  the probability of the cafeteria being free moves higher from 0.2 to 0.6 so it suggests that the management must hire one additional cashier.

7 0
3 years ago
What is an approach for service firms trying to accelerate the creation of their own expert performers
Dafna1 [17]

Answer:

Encourage novice and expert interaction.

Explanation:

The apparent approach for service firms trying to accelerate the creation of their expert performers is to "Encourage novice and expert interaction."

This is because as both the novice and expert interact often or on daily basis, the novice quickly learns from the experts, both in terms of thinking, solving situational problems, applying a methodical approach, and following the conduct of the experts seamlessly.

Hence, the novice rapidly develops into an expert performer within a very short possible amount of time.

5 0
3 years ago
रचनात्मक र नविन्तम अबधारण लेख्नुहोस। नयाँ ब्यब्साय विभिन्न विधि हरु ब्य्ख्य गर्नुहोस​
dem82 [27]

Answer:

लेख्नुहोस। नयाँ ब्यब्साय विभिन्न विधि हरु ब्य्ख्य गर्नुहोस​

Explanation:

4 0
3 years ago
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