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3 years ago

All of the following are examples of mixed economies EXCEPT

Business

1 answer:

EastWind [94]3 years ago

7 0

Answer:

in socialist France, the French government owns the postal service industry.

Explanation:

A mixed economy combines elements of a pure socialists (command) economy and a capitalist (free market )economy. A socialist economy is where the government controls all economic activities and decisions in a country. The private sector is absent in a socialist economy. A capitalist or free-market economy is one where the government does not interfere with a country's economic activities. The private sector does production and distribution in the economy.

A mixed economy will have traits of socialists and a capitalist economy. Both the government and private sector participates in economic activities.

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Easton Co. deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of busines

Yuri [45]

Answer:

Adjusted cash balance is $ 60,224.

Explanation:

Detailed steps of solution are below

6 0

3 years ago

Some sellers of used cars provide warranties to buyers, with the aim of reassuring buyers that the car is of good quality. these

Leni [432]

Some sellers of used cars provide warranties to buyers, with the aim of reassuring buyers that the car is of good quality.

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3 years ago

During the year, Cheng Company paid salaries of $24,000. In addition, $8,000 in salaries has accrued by the end of the year but

Burka [1]

Answer:

Correct answer is D. Credit to Salaries Payable for $8,000

Explanation:

Based on the basic underlying guideliness in accounting, specifically matching principle. All income and expenses should be reported during the period it incurred. Thus, all expenses incurred during the period even though it wasn't paid yet shoud be recorded to the book and that's the moment that the year-end adjusting entry is necessary.

On the above given problem, the salaries paid of $24,000 is presumed to have been recorded in the book already. Because it incurred and paid within the calendar period. In addition, the salaries accrued by the year end needs year-end adjustment to recognize the salaries expense applicable for the period. Journal entry of it is to debit salaries expense and credit salaries payable in the amount of $8,000.

6 0

3 years ago

Which one of the following statements concerning venture capital financing is incorrect? Multiple Choice Venture capitalists des

ziro4ka [17]

Answer:

The incorrect statement about Venture capitalists is:

Venture capitalists usually assume active roles in the management of the financed firm.

Explanation:

Venture capitalists are high net worth individuals with managerial competence or experience seeking for new businesses to invest in. In exchange, they ask for an equity stake in the company they finance.

Venture capital financing is the type of funds that are given to invested into viable businesses in their budding stage by investors that see long term growth potential in them. it is a form of private equity.

Venture Capitalist never assume active roles in the management of the financed firm. however, if they have the technical know how, they may pitch in passively from time to time to advice.

3 0

3 years ago

Hassock Corp. produces woven wall hangings. It takes 4 hours of direct labor to produce a single wall hanging. Hassock standard

navik [9.2K]

Answer:

Efficiency variance =$9,860 unfavorable

Explanation:

Labour efficiency variance is the difference between the actual time taken to achieve a given production output less the standard hours allowed for same multiplied by the standard labour rate

Hours

11,900 units should have take (11,900× 4hrs) 47,600

but did take 48,180

Difference 580 unfavorable

Standard hours × $17

Efficiency variance $9,860 unfavorable

5 0

3 years ago