All categories

3 years ago

What is one direct result of competition in a free-market economy?

Business

1 answer:

damaskus [11]3 years ago

4 0

Answer:

Explanation:

Hope it's help you

Thanks me later

correct me if im wrong

You might be interested in

Is so sophisticated that even core functions such as engineering, research and development, manufacturing, information technolog

11111nata11111 [884]

Outsourcing is so sophisticated that even core functions such as engineering, research and development, manufacturing, information technology, and marketing can be moved outside the firm.

The practice of employing a third party from outside a business to carry out tasks or produce commodities that were previously completed in-house by the business's own employees and personnel is known as outsourcing. Companies typically engage in outsourcing as a cost-cutting strategy.

The outside business, often referred to as the network operator or third-party provider, makes arrangements for its own personnel or technological resources to carry out the duties or offer the services either on-site at the premises of the hiring business or at other places.

To learn more about outsourcing click here:

brainly.com/question/14202035

#SPJ4

5 0

1 year ago

If a firm raised its pricea and discovered that its toatl revenue fell, then the demand for its product is:______.

Mila [183]

Answer:

Option d (Relatively elastic) would be the correct solution.

Explanation:

The demand for some of its commodities becomes relatively elastic, i.e. the price drop contributed to a large decrease or change in the number requested, thus lowering the overall sales.
It could be contrasted to other options for elasticity-comparatively inelastic, completely inelastic, perfectly elastic even elastic units.

All 3 other options are not connected to the hypothetical offered. So, the option here was the best one.

5 0

3 years ago

On April 1, 2020, the City of Southern Ponds issued $5,000,000 in 4% general obligation, tax supported bonds at 101 for the purp

Cloud [144]

Answer:

$100,000

$350,000

Explanation:

The bond sale be reported as debt service expenditures for 2020 and 2021 can be calculated as follows

The Amount would be reported as debt service expenditures for 2020

= $5,000,000 x 4% x 1/2 year

= $100,000

The amount would be reported as debt service expenditures for 2021

= $5,000,000 x 4% + $250,000

= $350,000

6 0

3 years ago

On March 31, 2019, Home Decorating Pavilion received a bank statement showing a balance of $9,670. The balance in the firm's che

Blizzard [7]

Answer and Explanation:

1. The preparation of bank reconciliation statement is shown below:-

Home Decorating Pavilion

Bank Reconciliation

Cash balance per bank, March 31 $9,760

Add: Deposit in transit $2,795

Bank Error $605 $3,400

Less: Outstanding checks

358 $445

359 $1,570 $2,015

Reconciled Bank Balance $11,145

Cash balance per books, March 31 $9,832

Add: Collection of Notes Receivable$1,540

($1,400 + $140)

Error in Recording Check No 341 $100 $1,640

($900 - $800)

Less: Bank service charge $17

NSF check $485 $502

Reconciled Cash Balance $10,970

2. The Journal entry is shown below:-

a. Cash Dr, $1,540

($1,400 + $140)

To Notes receivable $1,400

To Interest income $140

(Being cash is recorded)

b. Cash Dr, $100

($900 - $800)

To rent expenses $100

(Being cash is recorded)

c. Accounts receivable Dr, $485

To cash $485

(Being accounts receivable is recorded)

d. Miscellaneous Dr, $17

To cash $17

(Being Miscellaneous is recorded)

5 0

3 years ago

World Company expects to operate at 80% of its productive capacity of 67,500 units per month. At this planned level, the company

scoray [572]

Answer:

1. $3,780 Unfavorable

2. $453,600 Overhead controllable variance

Explanation:

Req. 1

Fixed Overhead Applied

Fixed OH per DL hr. ($68,040 ÷ $32,400) = 2.1

Standard DL hours = 0.60 * $51,000 = $30,600

Fixed OH applied = 2.1 * $30,600 = $64,260

Volume variance.

Total fixed OH applied $64,260

Total budgeted fixed OH $68,040

Fixed OH volume variance $3,780 Unfavorable

Req. 2

Overhead controllable variance.

Total actual overhead $ 472,000

Flexible budget overhead

Variable = $408,240 ÷ $32,400 = 12.6

=> $30,600 * 12.6 = $385,560

Fixed. $68,040

Total $453,600 Overhead controllable variance

6 0

3 years ago