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3 years ago

In a market economy, decisions about which goods are produced are based

Business

2 answers:

gayaneshka [121]3 years ago

8 0

Answer: what the local community has made for generations

notsponge [240]3 years ago

5 0

Answer:

A what businesses believe will generate the most profits.

Explanation:

In a market economy, the private sector controls the majority of the factors of production. The government or central authority does not interfere with economic activities in this type of economy. The private sector decides on the production and distribution of goods and services.

The private sector participates in economic activities to make profits. Demand and supply forces determine the type and quantities of goods to be produced. Traders will avail to the markets the goods and services that consumers are willing to buy.

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During 2021, its first year of operations, Ashbaugh Industries recorded sales of $21,000,000 and experienced returns of $1,400,0

Yuliya22 [10]

Answer:

Credit to refund liability of $280,000.

Explanation:

The year end adjusting entry would be

Sales Return $280,000 ($21 million × 8% - $1,400,000)

Refund Liability $280,000

(Being the anticipated sales return is recorded)

Here the sales return is debited as it increased the sales return and the refund liability is credited as it increased the liabilities

The same is to be considered

5 0

3 years ago

The performance and efficiency of a production house are analyzed by its achievements and strengths, and it is portrayed as the

Leviafan [203]

Answer:

press agents

Explanation:

Press agents -

It refers to the person being employed by some person , in order to provide the press with the information , is referred to as press agent .

A press agent is also known as flack .

A flack is mostly employed by famous personalities like businessmen , actors , etc.

Hence , from the given scenario of the question ,

The correct answer is press agent .

5 0

3 years ago

You borrow $2,500. you are to pay back the loan in 36 monthly payments of $79.50. what true annual interest are you paying to th

Pepsi [2]

Answer:

4.8%

Explanation:

36months*$79.50=$2862

$2862-borrowed 2,500=362

362/3 years=$120 2/3

this means that the interest is 120 2/3 /2500, which is 0.048266, or 4.82, or in your case 4.8%

4 0

3 years ago

Read 2 more answers

Pina Company produces golf discs which it normally sells to retailers for $7 each. The cost of manufacturing 19,900 golf discs i

Ivahew [28]

Answer:

a) Net income using incremental analysis is  $692

b) PINA should accept the order because it will increase its net income by $692

Explanation:

The relevant cash flows for decision to accept or reject the special order are

I. the incremental contribution from of producing 5,350 units

2. The incremental fixed cost- 45,374

Note that whether or not the special order is accepted the fixed cost of manufacturing would be incurred either way.

Contribution per unit =Selling price - Variable cost

Variable production cost per unit = total variable cost / units

= (10,945 + 29651 + 21094)/19,900

=$3.1

Variable cost per unit of sale = $3.1 + $0.35 = $3.45

a) Incremental Analysis

Change in Net Income: $

Incremental contribution :

( 4.77 - 3.45) × 5,350 = 7,062

Increase in Fixed cost :

(45,374 - 39,004) ( 6370)

Net income 692

b)  PINA should accept the order because it will increase its net income by $692

6 0

3 years ago

Holling Inc. uses the weighted-average method in its process costing. The following data concern the companyâ€™s Mixing Departme

artcher [175]

Answer:

Statement of Cost per equivalent unit

Particulars Materials Conversion

Cost of beginning work in process $8,130 $9,128

Add: Costs added during the month $226,500 $284,232

Total cost A $234,630 $293,360

Number of equivalent units B 9,900 9,400

Cost per equivalent unit (A/B) $23.70  $31.21 

8 0

3 years ago