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2 years ago

An economic system that allows indivduals to pursue their own interests without undue

Business

1 answer:

Kay [80]2 years ago

8 0

Answer:

a. private enterprise

Explanation:

Economics systems can be categorized as;

Command or planned economic systems
Mixed economies
Market or free enterprise economies

The market or free enterprise economy is also the private enterprise economy. This economic system has the private sector as the primary producers of goods and services. The government does not interfere with economic activities.

In the private enterprise economy, private firms and individuals have the freedom to start and operate a business of their preferences. The government does not regulate the production, distribution, or prices of products. The private sector engages in business activities that will generate maximum profits for them.

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The state of texas encourages the parties to resolve all conflicts and disputes through alternative dispute resolution procedure

34kurt

The state of Texas encourages the parties to resolve all conflicts and disputes through alternative dispute resolution procedures such as mediation.

Mediation is an act or process of mediating by helping to settle a dispute or create agreement when there is conflict between two or more people or groups. This conflict is usually settled when the parties meet with a mutually selected impartial and neutral person who assists them in the negotiation of their differences.

Texas in United States, encourages the parties who are yet to resolve all conflicts and disputes between them, by mediation. As mediation will help them in settling down their differences.

Hence, mediation is quite necessary in order to resolve all conflicts and disputes.

To learn more about mediation here:

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5 0

1 year ago

McLeod, Inc. incurred fixed costs of $300,000 and variable costs of $200,000 for total costs of $500,000 when 59,000 units are p

Ad libitum [116K]

Answer:

$3.389

Explanation:

Data provided as per the question below

Fixed cost = $300,000

Variable cost = $200,000

Total cost = $500,000

Units produced = 59,000

The computation of variable cost per unit is shown below:-

Variable cost per unit = Variable cost ÷ Units produced

= $200,000 ÷ 59,000

= $3.389

Therefore we applied the above formula.

3 0

3 years ago

During the proofreading task of the completion stage of a business message, be sure to

Nikitich [7]

You have to read very carefully to make sure you dont miss any mistakes

3 0

2 years ago

The balance in retained earnings on December 31, 2017, was $1435000 and on December 31, 2018, it was $1160000. Net income for 20

Inessa [10]

Answer:

b. $556,000.

Explanation:

Retained Earning is an account where all the earnings of the company accumulate and dividend is also paid from this account because it represents the amount the earning associated with the stockholders of the company.

December 31, 2018 Balance of Retained Earning = December 31, 2017 Balance of Retained Earning + Income for the year - Dividend Paid / Declared during the year.

$1,164,000 = $1,440,000 + $1,000,000 - Dividend Paid / Declared during the year.

$1,164,000 = $2,440,000 - Dividend Paid / Declared during the year.

Dividend Paid / Declared during the year = $2,440,000 - $1,164,000

Dividend Paid / Declared during the year = $1,276,000

Stock Dividend Paid - $500,000 + $220,000 = $720,000

Cash Dividend Paid = $1,276,000 - $720,000 = $556,000

6 0

3 years ago

Folio Company estimates total manufacturing overhead costs to be $80,000 for the year and estimates direct labor hours to be 4,0

gregori [183]

Answer:

Allocated Overhead= $76,000

Explanation:

Giving the following information:

Estimated overhead for the period= $80,000

Estimated direct labor hours= 4,000 for the same period

Actual direct labor hours for the period are 3,800.

<u>First, we need to calculate the estimated overhead rate. Then, we can determine the amount of overhead allocated to work in process for the period.</u>

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 80,000/4,000= $20 per direct labor hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 20*3,800= $76,000

8 0

2 years ago