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3 years ago

What role do businesses play in a free enterprise system?

Business

1 answer:

fenix001 [56]3 years ago

3 0

Answer:

C. They produce most available goods and services.

Explanation:

In A free market economy, the production of goods and services is done by the private sector. The government's participation in economic activities is limited. The private sector owns and controls the majority of the factors of production. The private sector owns factories, manufacturing, and other businesses in the economy.

In the free market economy, profits are the primary motivating factors to engage in business. The private sector produces goods and services that will generate profits for the businesses.

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Windy Day Flags is a growing company that produces decorative flags and other whimsical garden accessories. Charla, owner and CE

horsena [70]

Answer:

B) grafting

Explanation:

This is a very common expansion strategy mostly used by high tech firms that purchase startups basically for their patents (innovations) and their workers' talent.

But it can also be used by any company that decides to acquire a smaller supplier or vendor in order to lower costs or increase efficiency.

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3 years ago

Dern Company recently sold a large order of tables to Knoll Furniture Store. Terms of the sale require Knoll to sign a nonintere

denis-greek [22]

Answer:

the journal entry made by Dern to record the sales should be:

Date, merchandise sold to Knoll Furniture Store

Dr Notes receivable 21,000

Cr Sales revenue 16,215.85

Cr Discount on notes receivable 4,784.15

the journal entry made by Knoll to record the purchase should be:

Date, merchandise purchased from Dern Company

Dr Merchandise inventory 16,215.85

Dr Discount on notes payable 4,784.15

Cr Notes payable 21,000

Explanation:

Non-interest-bearing notes must be recorded at present value, therefore, we must first determine the present value of the note = $21,000 / (1 + 9%)³ = $16,215.85

the present value of the notes receivable is equivalent to sales revenue, while the difference between the face value of the note and its present value is equal to the discount on notes receivable.

6 0

3 years ago

The Herman Company uses a joint process to produce products W, X, Y and Z. Each product may be sold at its split-off point or pr

Gala2k [10]

Answer:

W: positive contribution of 6,000

Z: positive contribution of 1,000

X: negative of 1,000

Y: negative of 6,500

Explanation:

value at the end- value at split off = value added for processing:

value added - addtional cost = advantage/disadvantage of processing

W (22,500- 7,500) - 9,000 = 15,000 - 9,000 = 6,000

X (20,000 - 13,5000) - 7,500 = 6,500 - 7,500 = (1,000)

Y (15,000 - 9,000) - 12,500 = 6,000 - 12,500 = (6,500)

Z (12,500 - 6,500) - 5,500 = 6,000 - 5,500 = 1,000

7 0

3 years ago

Which of the following is a “DON’T” regarding scannable résumés?

posledela

Answer:

Explanation:

just got it right on edge :)

4 0

4 years ago

Read 2 more answers

Carlos consumes only cheese and crackers.

GrogVix [38]

A. The cheese and crackers that are being consumed by Carlos is not considered to be inferior goods because when there is a time that his income may rise, he will likely consume other products aside from it.

B. If the price of the cheese falls, what will likely happen is that there will be a presence of substitution effect of where the crackers will be fewer consumed and the cheese will be consumed more. When there is a presence of income effect on the other hand, the cheese will be consumed more as this will be considered as a good that is normal and the crackers to be consumed fewer as this will be classified as an inferior good. The likely outcome of it in both scenarios, Carlos will still consume fewer crackers and the cheese to be more consumed.

8 0

3 years ago