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3 years ago

For what purpose are goods and services produced in a socialist economy

1 answer:

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A socialist economy is a system of production where goods and services are produced directly for use in contrast to a capitalist economic system where goods and servives are produced to generate profit therefore which use socialism directly and solely for use. hope this helps??

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How should the davises react to adidas' planned acquisition of reebok? what aspects of new balance's operations strategy should

stealth61 [152]

Answer:

Reduce the suppliers to 2-3 and have long term relationships with them. They should employ an ERP across the functions for better communications

Explanation:

Adidas and Reebok are the two biggest companies in the world that produce sport outfits. Adidas bought over Rebook in 2005 but wanted the new subsidiary to continue to operate under their unique brand name.

However, there are certain aspects of New Balance’s operations strategy they should change which includes the following;

1. The ecosystems of suppliers they have should be trimmed down to three, for better and effective long-term relationships with the sole aim of cost reduction.

2. The should also commence the use of Enterprise resource planning (ERP), a business process management software that will help them maintain better communication across functions and be able to always evaluate pipeline to know the varying requests made by customers.

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3 years ago

After spending a summer "down under," two Oregon friends, Rick and Mick, created a general partnership to import emu from Austra

I am Lyosha [343]

Answer:

A. True

Explanation:

The Uniform Partnership Act, is an act that exists for the regulation of commercial partnerships of the states of the USA (with the exception of Louisiana).

Therefore, the question is true, as the law stipulates that in a common property, profits and losses must be shared equally and each party must have the right to obtain regular knowledge and receipt of the financial statements that relate to the business.

8 0

3 years ago

A company has $107,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts

yawa3891 [41]

Answer:

None of these

what would be the correct answer choice?

Assuming 5% of outstanding accounts receivable, the journal entry:

Dr Bad Debt Expense $ 6.320

Cr Allowance for Uncollectible Accounts $ 6.320

Explanation:

If the company applies the allowance method, it means that the account

Allowance for Uncollectible Accounts must show as balance the 5% of outstanding receivables as debit.

Because the company has a credit balance in that account it's necessary to register an entry that compensate the value as credit and reflect as debit the value estimated as 5% of account receivable.

Initial Balance

Dr Accounts Receivable $ 107,000

Dr Allowance for Uncollectible Accounts $ 970

The journal entry adjustment will be:

Dr Bad Debt Expense $ 6,320

Cr Allowance for Uncollectible Accounts $ 6,320

FINAL Balance

Dr Accounts Receivable $ 107,000

Cr Allowance for Uncollectible Accounts $ 5,350

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3 years ago

A market order has: a. Price uncertainty but not execution uncertainty. b. Both price uncertainty and execution uncertainty. c.

Ipatiy [6.2K]

Answer:

The correct answer is letter "A": Price uncertainty but not execution uncertainty.

Explanation:

When talking about trading orders, a market order is executed whether to buy or sell a security at market price. The market order does not follow the security's price at the bid or ask, it usually follows the last price at which the security was sold. Thus, that <em>price is always uncertain.</em>

The benefit of market order relies on the execution. Traders will not have to wait until another trader is willing to buy or sell at their desired level. The <em>market order will execute the order almost automatically</em> at the price the market has available.

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3 years ago

A certain city reports the following year-end total assets: General Fund $18,400,000 Library Fund (a special revenue fund) 2,900

kolbaska11 [484]

Answer:

B) General Fund and Library Fund

Explanation:

Major funds are those that include revenues, assets, expenditures and liabilities that account for at least 10% of all the government funds.

In this case the total government funds = $26,300,000

so 10% of total funds = $26,300,000 x 10% = $2,630,000

only the general fund ($18,400,000 ≥ $2,630,000) and the library fund (2,900,000 ≥ $2,630,000) are higher than the 10% threshold.

4 0

3 years ago

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