Answer:
Socialism involves an economic ideology in which the government or state plays a strong role in the economy and may own stakes in certain businesses
Explanation:
Socialism is an Economic system owned, managed & run by state (government). The central problems of economy : what, how, for whom to produce - are solved by state. State decisions are based on social welfare guidelines. Market forces are insignificant, private accumulation of property is not there.
However, in Capitalist system - resources are owned, managed, controlled by private sector. The central problems of economy are solved by private sector, as per market forces & profit maximisation guideline. Private accumulation of property is allowed. The system has two classes : Bourgeoisie (Capitalist wealthy entrepreneur class) & Proletariat (Labourers)
So, Socialism having everything under state control, has no classes -Bourgeoisie (entrepreneurs) & Proletariat (Labourers). Hence, it is a Classless Economic System
Answer:
$318,400
Explanation:
Cost of Goods Sold $325,000
Less: Inventory Opening January 1 ( $ 31,800)
Add;Closing Inventory $25,200
Cost of Goods Manufactured $318,400
The cost of goods sold are found out by adding opening stock and deducting closing stock from cost of goods manufactured.
In the given scenario we had to follow reverse order to reach out at amount of cost of goods manufactured.
Jamal should go to the OTC market because C. it is a network of brokers and dealers who help with investments.
<h3>What is the OTC market?</h3>
These are markets where a person can buy or sell shares that are outside of the stock exchange.
The trades here are faciliatated by brokers and dealers who can help one with investments so Jamal can go to the OTC market for investment advice.
Find out more on the OTC market at brainly.com/question/25174961.
The Marxism ideology is based on the practices of Communism. And based on this, how this influenced America's workers include the following:
-<span>Samuel Gompers saw the power in the collective voice of the oppressed worker.
-</span><span>Gompers understood and leveraged the revolutionary power of angry, poor workers.
</span>-The workers needed a voice to demand sustainable living and working conditions and by banning together they had that voice.
Answer:
Newbill's labour rate variance
= (Standard rate - Actual rate) x Actual hours worked
= ($19.60 - $19.40) x 26,000 hours
= $5,200(F)
Actual rate
= <u>Actual payroll cost</u>
Actual hours worked
= <u>$504,400</u>
26,000 hours
= $19.40
Explanation:
Labour rate variance is the difference between standard rate and actual rate multiplied by actual hours worked. Actual rate is actual payroll cost divided by actual hours worked.
