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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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Perry Corporation manufactures two models of office chairs, a standard and a deluxe model. The following activity and cost infor

gladu [14]

Answer:

$46,800

Explanation:

Total overhead costs based on traditional systems of both products are: $52,000 +$78,000 = $130,000

Assuming that Perry Corporation applies the activity-based (setups and components) costing system instead of the traditional one, the overhead cost for the standard model can be calculated as following:

+) Overhead cost of each setup (for both products) = $52,000/(12 + 28) = $1,300

+) Overhead cost of each components (for both products)

= 78,000 / (8+12) = $3,900

=> Total overhead costs using activity - based costing system is:

<em>Total overhead costs = 1,300 x Number setups needed for standard model + 3,900 x Number of components needed for standard model</em>

= $46,800

4 0

3 years ago

When the price level ________, the demand curve for money shifts to the ________ and the interest rate ________, everything else

dem82 [27]

Answer:

D. rises; right; rises

Explanation:

When the price level rises, the demand curve for money shifts to the right and the interest rate rises, everything else held constant

3 0

4 years ago

The standard rate of pay is $20 per direct labor hour. If the actual direct labor payroll was $117,600 for 6,000 direct labor ho

White raven [17]

Answer:

The variance is: $ 0.50 per direct labor hour.

Explanation:

Actual payroll = $117,000/6000h = $19.50 per hour

So, if we compare this value with the standard rate of pay ($20 per direct labor hour) The variance is: $20.00 - $ 19.50 = $0.50 per hour

5 0

3 years ago

Mary is a shareholder in CarrollCo, a calendar year S corporation. At the beginning of the year, her stock basis is $10,000, her

Troyanec [42]

Answer:

AAA = (8000)

STOCK BALANCE = 0

AEP = 2000

Explanation:

-----------------AAA-------- stock basis---------AEP

Beg. Bal--- 2000 - - - - 10,000 - - - - - - 6,000

Distribution (2000) - - - - (2000) - - - - - (4000)

Balance - - - 0 - - - - - - - 8000 - - - - - - 2000

LTCG - - - 2000 - - - - - 2000 - - - - - - - - 0

Balance - -2000 - - - - - 10,000 - - - - - - 2,000

Loss - - - (10000) - - - - (10000) - - - - - - - 0

Ending - - (8000) - - - - - 0 - - - - - - - - - 2000

ENDING BALANCE :

AAA = (8000)

STOCK BASIS = 0

AEP = 2000

Beg. bal = beginning balance

LTCG = Long term capital gain

3 0

3 years ago

When an economist says that the demand for a product has increased, this means that: consumers are now willing to purchase more

Damm [24]

Answer:

consumers are now willing to purchase more of this product at each possible price.

Explanation:

When the demand for a good or service increases, it means that consumers are buying more. In this case, according to the law of supply and demand, increasing demand will decrease inventories of good and will make it scarcer, increasing the price.

5 0

3 years ago