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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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As the number of firms in an oligopoly increases, the magnitude of the a. price effect increases. b. output effect decreases. c.

kkurt [141]

Answer:

Explanation:

The correct answer to the question is c

As the number of firms in an oligopoly increases, the magnitude of the output effect increases as the quantity of output becomes closer to socially efficient quantity. Entry barrier decreases and the firm thus increase their production and decrease their average cost per unit production. The whole scenario changes to perfect competition from oligopoly.

4 0

4 years ago

The balance sheet of Bravo Corporation contains the following list of assets: Cash $8,500,000; Land, $4,700,000; Buildings, $1,3

spayn [35]

Answer:

12,630,000

Explanation:

The debt is 2,070,000 not 200,000.

6 0

4 years ago

Current assets for two different companies at fiscal year-end are listed here. One is a manufacturer, Rayzer Skis Mfg., and the

professor190 [17]

Answer:

Requirement 1

Relating to manufacturer

Cash

Raw materials inventory

Work in process inventory

Finished goods inventory

Accounts receivable, net

Relating to merchandiser

Cash

Merchandise inventory

Accounts receivable, net

Prepaid expenses

Requirement 2

Company Rayzer Skis Mfg Sunrise Foods

Current Asset Section:

Cash 11,000 9,000

Raw materials inventory 39,875 N/A

Merchandise inventory N/A 42,875

Work in process inventory 29,000 N/A

Finished goods inventory 49,000 N/A

Accounts receivable, net 56,000 75,000

Prepaid expenses 4,500 900

Total 189,375 127,775

Explanation:

manufacturer produces goods then sells finished goods

merchandiser purchases goods for resale

3 0

3 years ago

Dake corporation's relevant range of activity is 3,500 units to 8,500 units. When it produces and sells 6,000 units, its average

olasank [31]

In order to find total production cost of producing 6000 units we need to find Average Total cost per unit, which can be found out as below:

Direct material $6.6

Direct Labour $3.6

Variable Manufacturing Cost $1.35

Fixed Manufacturing Cost $3.3

Fixed Selling Price $0.95

Fixed Administrative Expense $0.65

Sales Commissions $0.75

Variable Administrative Expense $0.65

Total Expense Per Product $17.85

Total No of Products Produced 6000 Units

Total Cost of Production for 6000 Units $107100

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3 years ago

The cost principle requires that when assets are acquired, they be recorded at __________.

zzz [600]

The right answer for the question that is being asked and shown above is that: "d. exchange price paid." The cost principle requires that when assets are acquired, they be recorded at d. exchange price paid

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4 years ago