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Alexeev081 [22]
2 years ago
15

In a free enterprise system, competition benefits who?

Business
1 answer:
maks197457 [2]2 years ago
5 0
In a free enterprise system, competition is believed to benefit consumers and also workers. The idea is that the free enterprise system theoretically creates more jobs and also creates the most economic benefit and well being as a result of better prices and competition amongst firms in the system. 
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Carla Vista Company reports the following operating results for the month of August: sales $385,000 (units 5,500), variable cost
Neko [114]

Answer and Explanation:

The computation is shown below:

1.  

Selling Price = Sales ÷  Units Sold

Current Selling Price = $385,000 ÷  5500

= $70

Now

Expected Selling Price per unit = $70 + ($70× 10%)

= $77

Now

Expected Sales = 5500 × $77

= $423,500

Now

Net Income = Sales - Variable Cost - Fixed Cost

= $423,500 - $250,000 - $94,000  

2.  

Sales = $385000

Variable cost = $385,000 × 56% = $215,600

Sales                     $385,000

Less: variable cost -$215,600

Contribution Margin $169,400

Les: fixed cost          -$94,000

Net Income               $75,400

As we can see that if there is an increase in Selling Price by 10% so it would produce highest Net Income.

3 0
2 years ago
Bok advises campus officials (and students) simply to "ignore" offensive words, flags, and so forth (para. 13). Do you agree wit
Ugo [173]

Answer: 1. I do not agree with this advice.

2. I would rather propose dialogue as a better means to resolve situations where a person feels offended by the actions of others.

Explanation:

HOW WE OUGHT TO RESPOND TO THE OFFENSIVE ACTIONS OF OTHERS

Offensive Misconducts are actions intended to hurt others, perpetrated without consideration to the feelings of others. They can be carried out in the workplace, at school, at home, and in other social settings. These acts of misconduct can come in the form of bullying, racist or sexist comments, false accusations, physical attacks, threats, etc.

When faced with offensive misconduct, silence is not the best approach. Silence means consent and offensive misconduct are not meant to be condoned. They should rather be addressed using appropriate conflict resolution skills.

One such very important skill is dialogue. Dialogue is an approach that seeks to discuss the matter with the offender. The offended does not take on an offensive approach. He rather explains how the action affects him. He asks vital questions about the intentions of the offender. It might well be that the action might not have been aimed at being offensive. When addressing this issue, it is also important that an attitude of calmness be maintained by the person seeking to resolve the conflict.

Active listening should also be maintained when the other party is trying to explain himself. This would help the offended understand the viewpoint of the offender.

When a person who feels offended continues to ignore an offensive action, this might make him start nursing resentment, which might further lead to retaliatory actions. That is why it is very important to address offensive actions immediately instead of condoning them.

After taking the necessary actions, if the offender persists in his actions, the matter should be reported to an authority.

7 0
3 years ago
Nexus Industries uses a standard costing system to apply manufacturing costs to its production process. In​ May, Nexus anticipat
Mama L [17]

Answer:

$33,700 (Favorable)

Explanation:

Note: Figures are not inputted. The missing figures have been figured out as below.

"<em>Nexus industries uses a standard costing system to apply manufacturing costs to its production process. In May nexus anticipated 2700 units with fixed manufacturing overhead costs allocated at $8.40 per direct labor hour with a standard of 2.5 direct labor hours per unit. In May, actual production was 3400 units and actual fixed manufacturing overhead cost were $23000.  What was nexus fixed manufacturing overhead volume variance in May</em>?"

Solution:

Budgeted fixed overhead costs = Units * Direct labor cost * Standard Direct Labor hours per unit

= 2,700 units * $8.40 * 2.5

= 2,700 units * 21

= $56,700

Fixed manufacturing overhead volume variance = Actual fixed overhead cost - Budgeted fixed manufacturing overhead costs

When Actual fixed overhead = $23,000 ,  Budgeted fixed overhead costs = $56,700

Fixed manufacturing overhead volume variance = $23,000 - $56,700

= $33,700 (Favorable) .

8 0
3 years ago
United Contractors Inc. holds a lien on Vista Estates real property. This property can be sold to satisfy the debt if, before th
oee [108]

Answer:

The answer is Vista Estates

Explanation:

Before any sale can done done, notice must be given to Vista Estates. The property can now be sold after been giving proper notice.

Vista Estates still has the legal right of original ownership even though a lien has been placed on his property. A lien is a legal claim against a property.

7 0
3 years ago
In 2013, Salvage Yard Inc. had cash flows from investing activities of ($250,000) and cash flows from financing activities of ($
PIT_PIT [208]

Answer:

$415,000

Explanation:

Following is the formula for cash flow:

<em>Ending Cash Balance = CFO + CFI + CFF + Beginning Cash Balance</em>

<em>CFO = Cash flow from operating activities</em>

<em>CFI = Cash flow from investing activities</em>

<em>CFF = Cash flow from financing activities</em>

We can easily rearrange the formula to find CFO

<em>Ending Cash Balance - CFI - CFF - Beginning Cash Balance = CFO </em>

<em>or </em>

<em>CFO = Ending Cash Balance - CFI - CFF - Beginning Cash Balance</em>

<u>Solution</u>

CFO=105000-(-250000)-(-150000)-90000

<em>CFO = $415,000</em>

7 0
2 years ago
Read 2 more answers
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