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QveST [7]
3 years ago
13

Item 5Item 5Chet Bowes owns his own landscaping business, including all the land on which the company grows its plants, and all

the equipment. Chet's son Josh has just graduated from college with an architectural landscaping degree. Chet hopes to retire in a few years and turn the business over to Josh, and Josh will inherit the business when Chet dies. This is an example of the ______________ in a capitalist system.
Business
1 answer:
grigory [225]3 years ago
6 0

Answer:

right to private property and inheritance

Explanation:

The capitalistic system states that individuals are allowed to own their and enjoy their own personal property. In each country laws generally subordinate the right to private property to the well being of society.  

The right to inheritance refers to the right that an individual has to decide who will own his/her properties after they pass away. Unless stated otherwise, a person's offsprings are generally entitled to inherit the person's properties.

In this case, Chet is entitled to own his landscaping business (private property) and when he passes away his son, Josh, will inherit it.

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If a worker can produce 20 units of output which can be sold for $4 per unit, what is the maximum wage that firm should pay to h
Scrat [10]

Answer:

$80

Explanation:

Maximum wage is the maximum amount of money that a firm can pay its worker based on what the worker can produce and generate as revenue to the firm.

Given that the worker can produce 20 units of output which can be sold for $4 per unit, The maximum wage that the firm can pay the worker = output × price per unit output.

Maximum wage the firm can pay the worker = 20 units × $4 per unit = $80

7 0
3 years ago
The following are Acme's production costs for the quarter ended September 30th: Direct materials $ 290,000 Direct labor $ 240,00
MA_775_DIABLO [31]

Answer:

$530000

Explanation:

Note: wrong options are given as the answer $530000.

Given: Direct material= $290000.

           Direct Labor= $240000.

           Factory overhead= $39000.

Now, finding the cost of specific products in the process.

As we have to find the cost of a specific product in the process and we know direct costs can be traced easily to a cost object, but indirect costs cannot be easily traced to a cost object, therefore, we include only those cost that is directly impacting cost of product.

Remember, Factory overhead is an indirect cost.

Costs to specific products in the process= Direct\ labor+ direct\ material

⇒ Costs to specific products in the process= 240000+290000

∴  Costs to specific products in the process= \$ 530000

Hence, $530000 is the amount of cost that should be traced to specific products in the process.

7 0
3 years ago
A company exchanged land and cash of $4,500 for similar land. The book value and the fair value of the land were $89,800 and $10
ololo11 [35]

Answer:

b.$106,000 $11,700

Explanation:

Given that

Fair value = $101,500

Land and cash = $4,500

Book value = $89,800

The computation of record land-new and a gain/(loss) is shown below:-

Record Land New = Fair Value + Land and cash

= $101,500 + $4,500

= $106,000

Gain (loss) = Fair Value - Book value

= $101,500 - $89,800

= $11,700

Therefore the record of land new is $106,000 and gain is $11,700

5 0
3 years ago
Joel owns the following portfolio of securities. What is the beta for the portfolio?Company Beta Percent of PortfolioExxon-Mobil
alex41 [277]

Answer:

the beta of the portfolio is 1.1375

Explanation:

The computation of the beta of the portfolio is as follows:

= Company beta × portfolio percentage

= 0.95 × 0.40 + 1.20 × 0.35 + 1.35 × 0.25

= 0.38 + 0.42 + 0.3375

= 1.1375

Hence the beta of the portfolio is 1.1375

We simply applied the above formula so that the correct beta could come

7 0
3 years ago
Which of the following statements is true of semiglobalization?
lorasvet [3.4K]

Answer:

a.

Explanation:

The definition of Semi-Globalization is:

<em>Semi-globalization covers the range of situations in which neither the barriers nor the links among markets in different countries can be neglected.</em>

Now let's analize the statements.

a- True, It is more complex than total isolation and total globalization, as those barriers can't be taken off the equation.

b. It is not used for assessing and classifying risks.

c. No, that would be isolation. In here we are talking about an incomplete cross-border integration.

d. It is not one-directional. The borders and links are multi-directional.

5 0
4 years ago
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