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3 years ago

Why is protection of private property important to free enterprise?

Business

1 answer:

siniylev [52]3 years ago

6 0

Answer:

In a pure free enterprise system, all property is owned by private citizens and businesses. ... Since private property allows ownership to be spread among a large number of people, power is also widely distributed. This reduces the danger of too much power being controlled by a few.

Explanation:

Hope it helps

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What are the most widespread methods for eliminating labor shortages? Group of answer choices downsizing and merging with other

spin [16.1K]

Answer:

Hiring temporary workers and outsourcing work

Explanation:

Labour is a factor of production responsible for mental and physical efforts directed to production.

Labour shortage occurs when the demand for labor exceeds the supply. Labor shortage could lead to an increase in wages following the theory of demand. When demand exceeds supply, price tends to go up.

Labor shortage could be solved by hiring temporary workers or outsourcing work.

Temporary workers are workers that are employed for a specific period of time. Temporary staff are ad-hoc staff whose services are only needed at a particular time.

Outsourcing work is a situation where a company will hire another company or person to perform a task on their behalf. E.g, outsourcing the job of cleaners and security personnel to another company. It mean the company will bring its own staff to work in your company.

Temporary employment, whereby workers are engaged only for a specific period of time, includes fixed-term, project- or task-based contracts, as well as seasonal or casual work, including day labour.

4 0

3 years ago

Read 2 more answers

Internal rate of return method The internal rate of return method is used by Testerman Construction Co. in analyzing a capital e

Eddi Din [679]

Answer:

Testerman Construction Co.

Internal rate of return method in analyzing capital expenditure:

Present value of expenditure = $149,630

Present of cash inflows annuity = $149,630 (using 20% discount rate and present value annuity factor of 3.3251 x $45,000)

NPV = $0 (PV of cash outflow - PV of cash inflow)

Therefore, the IRR = 20%

Explanation:

a) Data and Calculations:

Investment cost = $149,630

Annual net cash flows = $45,000

Investment period = 6 years

Annuity of future cash flows = 3.3251

b) Testerman’s IRR (Internal Rate of Return) is a capital budgeting and analysis tool which determines the discount rate that makes the present value of future inflows equal to the present value of outflows from a project. This IRR helps the managers to determine the projects that add value and are worth undertaking. IRR is based on assumptions. Similar projects with the same IRR will differ in returns due to the differences in timing and the size of the cash, the amount of debts and equity used to generate the returns, and the assumption of a constant reinvestment may which IRR makes.

7 0

3 years ago

In November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $27,000. Alan made the appropriate year-end

Dafna11 [192]

Answer:

The journal entry as of march 1 will be:

Debit Notes payable $27,000

Debit Interest payable $450

Debit Interest Expense $450

Credit Cash $27,900

Explanation:

payable amount = $27,000

Issued on 1st Nov

Term = 120 days

Maturity on 1st march.

Days from 1st Nov to 31st Dec = 60 days

Days from 1st Jan to 1st March = 60 days

Total 61 + 59 = 120 days

Interest expense from 1st Nov to 31st Dec

= 27000 x 10% x 60/360

= $ 450

This $450 has been debited as Interest expense and Credited as Interest payable on Year end Accrual.

Interest expense from 1st Jan to 1st March

= 27000 x 10% x 60/360

= $450

One maturity, 1st March, cash payment would include $27000 (amount of notes payable) + $900 (interest amount = 27000 x 10% x 120/360).

Total cash payment = $ 27,900

This cash payment of $27,900 will be credited.

Interest expense (1st jan to 1st march) of $450 will be debited.

Interest payable (1st Nov to 31st Dec) of $450 will be debited, and

Notes payable amount of $27,000 will also be debited.

Therefore , The journal entry as of march 1 will be:

Debit Notes payable $27,000

Debit Interest payable $450

Debit Interest Expense $450

Credit Cash $27,900

7 0

3 years ago

A product whose EOQ is 40 units experiences a decrease in ordering cost from $90 per order to $10 per order. The revised EOQ is:

ruslelena [56]

Answer: three times as large

Explanation:

Economic order quantity will be calculated as follows:

EOQ = ✓(2DS/H)

D = Demand in units

Here S = Ordering cost = $10

H = Holding cost

Since S = $10

Therefore, EOQ will be:

= ✓(2DS/H)

= ✓(2 × 10 × D/ H)

= ✓(20D/H)

Since we're to increase the order cost from $10 per order to $90 per order, then EOQ will be:

Since S = $90

Therefore, EOQ will be:

= ✓(2DS/H)

= ✓(2 × 90 × D/ H)

= ✓(180D/H)

3✓20DH

The revised EOQ will then be 3 times as large.

4 0

3 years ago

Cornett Company reported the following information: cash received from the issuance of common stock, $150,000; cash received fro

Alex Ar [27]

Answer:

The correct option is B,-$5,200 as found in the attached.

Explanation:

The net cash flows provided/used by investing activities are cash flows(both inflows and outflows) on assets that are capable of generating earnings directly or indirectly for the business.

By direct ,I mean assets that are used directly in the business to enhance the business earnings while indirect relates those that are not used in core business operations.

Cash flow from investing activities is computed:

Cash received from sale of equipment $14,800

cash paid to purchase investment ($20,000)

Cash flow used in investing activities ($5,200)

The correct option is B as found in the attached .

Download xlsx

5 0

3 years ago