The global economic trend has been for capitalist countries to move toward socialism.
<h3>What is capitalism?</h3>
This is the term that is used to refer to the economic system that has the means of production to lie in the hands of the people. They are the ones that would make most of the economic decisions in he nation. This is opposed to socialism where the people do not have much say in the means of production. The government is the one in charge of demand and supply.
Hence we would say that The global economic trend has been for capitalist countries to move toward socialism.
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Answer: highlight the different levels of activities.
Explanation:
The activity-based costing (ABC) system is an accounting method that is used by a company to calculate the total cost of activities that'll be utilized when making a product.
In the activity based costing system, costs are being assigned to every that is used during production. Also, the direct cost and the overhead costs are being considered. In ABC system, the different levels of activities are highlighted.
Answer:
¥280,000
Explanation:
In this question, we applied the accounting equation which is presented below:
Total assets = Total liabilities + Shareholder equity
where,
Total assets = ¥540,000 + ¥50,000 = ¥590,000
Total liabilities = ¥320,000 - ¥10,000 = ¥310,000
So, the total amount of stockholders' equity would be
= ¥590,000 - ¥310,000
= ¥280,000
Answer:
Production= 200,000
Explanation:
Giving the following information:
Beginning Inventory Ending Inventory
Finished goods (units) 24,000 34,000
The company plans to sell 190,000 units during the year.
<u>To calculate the production required, we need to use the following formula:</u>
Production= sales + desired ending inventory - beginning inventory
Production= 190,000 + 34,000 - 24,000
Production= 200,000
Answer:
a. 32 refrigerators
b. 29 refrigerators
Explanation:
a. The computation of the economic order quantity is shown below:
= 32 refrigerators
b. Now the reorder point is
= Annual demand ÷ total number of days in a year × lead time + (service level × standard deviation for the lead time)
= 500 units ÷ 365 days × 7 days + (1.90 × 10 units)
= 9.59 + 19
= 29 refrigerators