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Misha Larkins [42]
3 years ago
9

Match each term with the correct definition.

Business
1 answer:
yaroslaw [1]3 years ago
7 0

Answer:

1. Market.

2. Private property.

3. Competition.

4. Freedom of enterprise.

5. Self-interest.

6. Mutually agreeable.

7. Freedom of choice.

Explanation:

A. Market: An institution that brings buyers and sellers together.

B. Private property: the right of private persons and firms to obtain, control, employ, dispose of, and bequeath land, capital, and other property.

C. Competition: The presence in a market of independent buyers and sellers who compete with one another and who are free to enter and exit the market as they each see fit.

D. Freedom of enterprise: The freedom of firms to obtain economic resources, decide what products to produce with those resources, and sell those products in markets of their choice.

E. Self-interest: What each individual or firm believes is best for itself and seeks to obtain.

F. Mutually agreeable: Economic transactions willingly undertaken by both the buyer and the seller because each feels that the transaction will make him or her better off.

G. Freedom of choice: The freedom of resource owners to dispose of their resources as they think best; of workers to enter any line of work for which they are qualified; and of consumers to spend their incomes in whatever way they feel is most appropriate.

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4 0
3 years ago
At Sunland Company, events and transactions during 2020 included the following. The tax rate for all items is 20%. (1) Depreciat
e-lub [12.9K]

Answer:

B. $1673920

Explanation:

First calculate Total loss

$2000000 loss from disposal of a component of the business and loss of $92400 from strike by the employees of a supplier

$2000000 + $92400 = $2,092,400

20% of the loss =

20% × $2,092,400

= $418,480

Therefore the effect of these events and transactions on 2020 net income net of tax would = Total loss - 20% of total loss

$2,092,400 - $418,480

= $1,673,920

4 0
3 years ago
Managers at Eller Manufacturing are considering purchasing a new refrigerated delivery truck that Adaptive Practice Managerial,
juin [17]

Answer:

C) 10%

Explanation:

($144,000 + $12,780)/$36,000 = 4.355

6 0
3 years ago
Swiss Group reports net income of $40,000 for 2019. At the beginning of 2019, Swiss Group had $200,000 in assets. By the end of
Sati [7]

Answer:

For the tear 2019, net income is 40,000

Beginning of the year 2019, asset of the S are 200,000

Ending of the year 2019, asset of the S are 300,000

Average asset for 2019= Beginning assets + Closing assets / 2

Average asset for 2019= 200,000 + 300,000 / 2

Average asset for 2019= $250,000

Return on assets = Net income / Average assets * 100%

= 40,000 / 250,000 * 100

=16%

Thus, the return on assets is 16%

Conclusion: If the average return of assets of the competitors are 11%, It means S uses the assets efficient manner, so performance of the S is very good ad return of the S is higher than competitors on asset

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3 years ago
Which of the following is not one of the eight recognized consumer rights? a. right to the satisfaction of basic needs b. right
Elis [28]

B. Right to simplicity

8 0
3 years ago
Read 2 more answers
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