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2 years ago

What best describes the role of government in a free enterprise system?

Business

1 answer:

sveta [45]2 years ago

5 0

Answer:

Allow individuals to operate their businesses in ways they think will maximize their profits.

Explanation:

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The Tuck Shop began the current month with inventory costing $19,000, then purchased inventory at a cost of $52,950. The perpetu

DaniilM [7]

Answer:

Inventory shrinkage = $1,322

Explanation:

We know,

Inventory shrinkage = Ending inventory - Actual inventory at hand

Given,

Actual inventory at hand = $13,500

Ending inventory = Beginning inventory + Purchase - Inventory sold(Costing price)

Or, Ending inventory = $19,000 + $52,950 - $57,128

Or, Ending inventory = $71,950 - $57,128

Or, Ending inventory = $14,822

Therefore,

Inventory shrinkage = Ending inventory - Actual inventory at hand

Or, Inventory shrinkage = $14,822 - $13,500

Or, Inventory shrinkage = $1,322

5 0

3 years ago

Jack and Mary, a married couple, report taxable income of $280,000, which includes $200,000 from Jack's solely owned S corporati

Strike441 [17]

Answer:

$32,140

Explanation:

The QBI on $280,000(57.3% of Taxable income) $160,700

Eligible Deduction of 20% on QBI $32,140

4 0

3 years ago

You have four credit cards. each has a balance of $450.00, but their credit limits are $800.00, $1,200.00, $1,300.00, and $1,500

swat32

the answer is b)$800.00

3 0

3 years ago

Read 2 more answers

Shaw Industries, a giant carpet manufacturer, increases its control over raw materials by producing much of its own polypropylen

Karo-lina-s [1.5K]

Answer:

<u>Using related diversification to achieve value by integrating vertically in order to acquire market power.</u>

Explanation:

First, let's understand what are the stages of a supply chain, they are:

commodities
manufacturing
distribution
retail

In this regard, we can see that Shaw Industries controls more than one stage of its supply, commodities and manufacturing chain, which characterizes vertical integration.

Therefore, the most appropriate alternative to the question is that the company gains a greater market gain with this strategy because it increases the management and quality control, by ensuring that the inputs and processes are in accordance with its standards, which guarantees a product of higher quality and consequently better positioned on the market.

6 0

3 years ago

Silvia Company acquires a 30% interest in Small Company. The fair value of Small's inventory exceeds its carrying value by $100,

beks73 [17]

Answer:

The revenue that the investment in the company would increase by $100,000.

Explanation:

Though the International Accounting Standard IAS 2 Inventories says that the inventory must be recorded at lower of:

Cost
Net Realizable Value (Fair Value less Cost to Sell)

This means though the Net realizable value increases but the cost remains the lower. This means their must not be any changes made to inventory account.

The profit earned from the increase in inventory value will be reflected in the income which will increase the net worth of the investment. So the increase in investment revenue would be by $100,000.

7 0

3 years ago

What best describes the role of government in a free enterprise system? ​

What best describes the role of government in a free enterprise system?