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3 years ago

How do markets function in capitalist system ?

Business

1 answer:

mestny [16]3 years ago

5 0

Answer:

In a capitalistic society, the production and pricing of goods and services are largely determined by supply and demand the free market but some government regulation and oversight may occur. In contrast, a free market system is ruled entirely by demand and supply, and there is little or no government regulation.

Explanation:

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For each of the following transactions, determine if Raymond Corporation has earned revenue during the month of May and, if so,

kompoz [17]

Answer:In the month of May, Revenue was only earned from Customer C $3,400 and customer D, $2,300. Revenue was not earned from Customers A and B in the month of May. Therefore, total revenue is $5,700.

Explanation:In accordance with the principle of revenue recognition,Revenue will only be recognised when it is earned and services when they are fully rendered. For Customer A, the service has not been rendered, Therefore, the revenue is not yet earned.

For customer B, Although agreement has been reached and goods delivered, since payment hasn't been received, revenue is not recognised.

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3 years ago

Jessica is trying to get a credit card. She has a credit score of 790. How is Jessica’s lender likely to view this credit score?

poizon [28]

A.) Jessica is low risk and will pay her outstanding balances on time.

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3 years ago

Read 2 more answers

Frantic Fast Foods had earnings after taxes of $1,070,000 in 20X1 with 311,000 shares outstanding. On January 1, 20X2, the firm

Mars2501 [29]

Answer:

X1 EPS = $ 3.44 per share

X2 EPS = $ 3.88 per share

Explanation:

$EPS = \frac{income}{shares}$

X1: Earning per share

$1,070,000 / 311,000 shares outstanding = $3.44 per share

X2: net income calcualtions

1,070,000 x ( 1 + 24%) = 1,326,8‬00

X2 shares outstanding:

beginning 311,000 + issued 31,000 = 342,000

EPS: 1,326,800 / 342,000 = 3,8795 = 3.88

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3 years ago

The older term, social service, referred to advancing human welfare. The new term, meaning to provide for the needs of various p

Mazyrski [523]

Answer:

Social welfare

Explanation:

The term “social welfare” does not have a precise definition. Currently, social welfare refers to a wide range of activities and services by volunteers, non-profit organizations and governmental agencies providing help to needy persons unable to care for themselves; activities and resources designed to enhance or promote the well-being of individuals, families and the larger society; and efforts to eliminate or reduce the incidence of social problems

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3 years ago

The annual earnings of a typical investor are

fenix001 [56]

Answer:

The answer Is c

Explanation:

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3 years ago