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2 years ago

explain two ways in which the government contributes to the efficient operation of the economic system.

1 answer:

3 0

Government enhances the operation of the market system by providing an appropriate legal foundation and promoting competition. Transfer payments, direct market intervention, and taxation are among the ways in which government can lessen income inequality.

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Gems Corp. is a leading jewelry brand that finds it hard to make as much profit as its competitors. In order to overcome this, t

Leni [432]

Answer: B - Internal Analysis

Explanation: Internal Analysis involves a company looking inwards to determine it's competencies, strength, weakness and advantages. Internal anaylsis usually incorporates a SWOT analysis.

A SWOT analysis is the analysis of the strength, weakness, opportunities and threats of the organisation.

An external analysis involves analysing the market place and economy to identify trends and put measures in place to take advantage of current trends to ensure profit maximization.

Competitior anaylsis involves analysising the competitions of an organisation to identify threats and opportunities so as to maximaise profit

Client advantage can arise from building a loyal customer base that always patronise the business or having a company been one of the few producers of a product.

In the case of Gems Corps, they looked inwards and made improvements to how the company is run.

Therefore,Gems Corps made use of Internal Analysis.

I hope my answer helps.

Goodluck

4 0

3 years ago

A manufacturing company incurs direct materials costs of $6 per unit. The total direct materials cost is______when the company m

Alja [10]

Answer:

$12,000

Explanation:

The manufacturing company has a direct materials cost of $6

The company manufactures 2,000 unit

Therefore total direct material cost can be calculated as follows

= 2,000×6

= $12,000

Hence the total direct material cost of $12,000

4 0

2 years ago

J. Morgan and M. Halsted are partners who share income and loss in a 3:1 ratio. After several unprofitable periods, the two part

Elina [12.6K]

Answer:

cash 110,000 debit

land 100,000 credit

gain at disposal 10,000 credit

--to reocrd teh sale of land--

accounts payable 80,000 debit

cash 80,000 credit

--to record the payment of liabilities--

gain at disposal 10,000 debit

Morgan 7,500 credit

Halsted 2,500 credit

--to distribute the gain from sale--

Morgan 22,500

Haslted 7,500

Cash 30,000

--to liquidate the partnership--

Explanation:

ratio 3:1 (3+1=4)

Morgan 15000 share of 3/4 = 75%

Halsted 5000 share of 1/4 = 25%

there is gain of 10,000 in the sale distribute as follow

Morgan 10,000 x 75% = 7,500

Halsted 10,000 x 75% = 2,500

Now we close the account against cash

8 0

3 years ago

What would the new optimal solution of product 3 sold for $15, and 100 hours of labor could be purchased?.

slega [8]

Answer:

I don't know sorry sorry forgive me

Explanation:

sorry

5 0

2 years ago

Machine A has an initial cost of $6,000 with total annual maintenance costs of $750. Machine B has an initial cost of $8,500 wit

ryzh [129]

When the initial cost of Machine A is $6,000 and that of Machine B is $8,500, then both the machines will have the same current value at the end of 10 years.

<h3>What is the meaning of current value?</h3>

The present market value of an asset that prevails in the market is known as the current value of an asset. Using the given conditions, the current value will be the same as computed under,

$\rm Cost\ of\ Machine\ A\ + Maintenance\ Cost(Interest\ Rate)= Cost\ of\ Machine\ B\ +Maintenance\ Cost(Interest\ Rate)$

Putting the given value and solving further we get,

$\rm Current\ Value\ x\ 7.25\ x\ 10\% = \dfrac{2500}{345}\\\\\rm Current Value= 10$

Hence, the significance of current value is aforementioned.

Learn more about current value here:

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5 0

1 year ago

explain two ways in which the government contributes to the efficient operation of the economic system.​

explain two ways in which the government contributes to the efficient operation of the economic system.