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3 years ago

Why is United States described as a mixed economy?

Business

1 answer:

Triss [41]3 years ago

4 0

Answer:

The Role of the Market. The United States is said to have a mixed economy because privately owned businesses and government both play important roles. When economic forces are unfettered, The Americans believe that the supply and demand determine the prices of goods and services.

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Bed & Bath, a retailing company, has two departments—Hardware and Linens. The company’s most recent monthly contribution for

-Dominant- [34]

Answer:

The financial advantage of discontinuing the Linens Department is $359,980

Explanation:

If Linens Department is discontinued, there is only Hardware Department left. The new sales, costs and operating income will be:

Sales = 3,180,000 x (1 -18%) = $2,607,600 ( 18% drop in sales of Hardware given Linens discontinuity)

Variable cost = 2,607,600 x ( 841,000 / 3,180,000) = $689,620.

Fixed cost = Fixed cost originally allocated to Hardware + Fixed cost further allocated to Hardware due to Linen's discontinuity = 1,420,000 + 379,000 = $1,799,000.

Operating income = 2,607,600 - 689,620 - 1,799,000 = $118,980.

=> Difference between discontinuity of Linen Department and continuity of Linen Department = 118,980 - (-241,000) = $359,980.

7 0

3 years ago

Jordan wants to retire in 35 years. She wants to have $75,000 per year in retirement and she expects retirement to last for 35 y

Radda [10]

Answer:

$7,126.78

Explanation:

First, find the present value of the annuity payments at the year Jordan retires.

You can do this question using a financial calculator using the following inputs;

Total duration; N = 35

Recurring payment ; PMT = 75,000

Required return; I/Y = 5%

Future value ; FV = 0 (note: use 0 for FV in this annuity if not given)

then CPT PV(at t=35) = 1,228,064.572

Next, to find the recurring annual payment , $1,228,064.572 would the goal that needs to be achieved hence the Future value at year 35.

FV = 1,228,064.572

N= 35

Interest rate before retirement; I/Y = 8%

PV = 0

then CPT PMT = 7,126.78

Therefore, she must deposit $7,126.78 per year.

5 0

3 years ago

GreenLawn Co. provides landscaping services to clients. On May 1, a customer paid GreenLawn $60,000 for 6-months services in adv

devlian [24]

Answer:

See answer below

Explanation:

Journal entry will be as follows.

Debit Cash Account $60,000

Credit Payables/Service Prepayment Account $60,000.

As service is being rendered on a monthly basis (monthly income = $\frac{60,000}{6} = 10,000$ ), the company will make the following journal entry.

Debit Payables/Service Prepayment Account $10,000

Credit Revenue $10,000.

3 0

3 years ago

If a journal entry and posting for the use of one month of rent from the prepaid rent account during the year is accidently omit

tensa zangetsu [6.8K]

Answer:

Expenses will be understated, hence, Net Income will be overstated.

Rent prepaid will be overstated, hence, current assets will be overstated.

Explanation:

Ordinarily, rent prepaid is meant to be credited every month to the tune of the the value that has been consumed and then added to period expenses to reduce net income.

In the statement of Financial Position, the same amount that has been consumed should be used to reduce balance in rent prepaid account, otherwise, current assets will be overstated if no adjustment is made.

4 0

4 years ago

Which is the most accurate definition of body language?

boyakko [2]

Answer:

Explanation:

4 0

3 years ago

Read 2 more answers