All categories

3 years ago

Question 1 Describe the role of supply, demand, and competition in a free-enterprise system.

Business

1 answer:

kvv77 [185]3 years ago

8 0

Answer:

Competition is a driving force of free enterprise, resulting in greater efficiency and lower prices for the consumer. Countries embracing free market principles benefit from a higher standard of living.

Explanation:

:-)

You might be interested in

On June 30, 2018, Mabry Corporation issued $15 million of its 8% bonds for $13.8 million. The bonds were priced to yield 10%. Th

Ugo [173]

Answer:

Mabry Corporation

Using the effective interest method, the bond discount should be reduced for the 6 months ended December 31, 2018 by:

= d. $90,000

Explanation:

a) Data and Calculations:

Face value of bonds issued = $15 million

Issue price of the bonds = 13.8 million

Bonds discounts = $1.2 million

Coupon rate of interest = 8%

Effective interest rate = 10%

Interest payment = semi-annually on December 31 and July 1

December 31, 2018:

Interest payment = $600,000 ($15 million * 4%)

Interest expense = $690,000 ($13.8 million * 5%)

Amortization of discounts = $90,000 ($690,000 - $600,000)

Fair value of bonds = $13.89million ($13.8m + $90,000)

5 0

3 years ago

The owner’s equity section of the balance sheet for the Blue Top Taxi Company shows that

Paha777 [63]

Answer:

Answer//// Tom Cotton owes Sams garage;//////////////////

Explanation:

5 0

3 years ago

When the same attribute in related data files has different values, this is called data?

faust18 [17]

It seems that you missed the given choices for this question, but anyway here is the correct answer. When the same attribute in related data files has different values, this is called data dependence. Hope this answer helps. Other options of this question include redundancy, duplication, discrepancy and inconsistency. Thanks for posting your question.

8 0

3 years ago

On February 1, 2020, Pat Weaver Inc. (PWI) issued 7%, $1,200,000 bonds for $1,500,000. PWI retired all of these bonds on January

OLEGan [10]

Answer:

$55,200 gain

Explanation:

Calculation to determine How much gain or loss should be recognized on this bond retirement

First step is to determine the Book value on date of sale

Book value on date of sale=$1,200,000+$127,200

Book value on date of sale=$1,327,200

Second step is to calculate the Retired value of bonds

Retired value of bonds =$1,200,000*106

Retired value of bonds=$1,272,000

Now let determine the Gain on bonds retirement

Using this formula

Gain on bond retirement=Book value on date of sale-Retired value of bonds

Let plug in the formula

Gain on bond retirement=$1,327,200-$1,272,000

Gain on bond retirement=$55,200 gain

Therefore the amount of gain that should be recognized on this bond retirement will be $55,200 gain

5 0

3 years ago

Mitch, a single tax-payer, earns $100,000 in taxable income and $10,000 in interest from an investment in city of Birmingham Bon

goldfiish [28.3K]

Answer:

E) None of the choices are correct.

18.289,26‬

As we given an option with two decimals which are different from the calculated amount we should take it as incorrect.

Explanation:

The municipal bonds are tax free. Therfore, not included.

We will calcuatae based on 2019 income tax brackets for single-taxers

between $82,501 to $157,500 the amount is $14,089.50 + 24% of the amount over 78,950

100,000 - 82,501 = 17,499

17,499 x 24% = 4,199.76

14,089.50 + 4,199.76 = 18.289,26‬

3 0

3 years ago