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swat32
3 years ago
11

What is economic system ?​

Business
2 answers:
CaHeK987 [17]3 years ago
8 0

Answer:

An economic system, also known as an economic order, is a method of producing, allocating resources, and distributing products and services within a community or geographical region.

Countries and governments allocate resources and trade commodities and services through economic systems. They are used to manage the five components of production: labor, capital, entrepreneurs, physical assets, and information assets.

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<u>------------------------</u>

joja [24]3 years ago
4 0

An Economic System, sometimes known as an <em>Economic Order</em>, is a system for producing, allocating resources, and distributing products and services within a community or geographical region. It is made up of the numerous organizations, agencies, entities, decision-making processes, and consumption patterns that make up a community's economic structure.

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Culver Corporation earned $262,000 during a period when it had an average of 100,000 shares of common stock outstanding. The com
Westkost [7]

Answer:

a) The warrant are Dilutive

b) Basic EPS $2.62

c) Diluteed EPS = $2.31

Explanation:

a) The warrants are dilute because the cost of exercising the rights is lover than the market price

b) Basic Eps = Total Earning/Share Outstanding = $262,000/100,000 = $2.62

c) Diluted Eps = Earnings/(Shares outstanding+potential shares)

= $262,000/(100,000+13,500) = $2.31    

5 0
3 years ago
why do many blame high administrative costs as a main contributor to the high cost of healthcare in the us?
Sergio [31]

The bloated Medicare and Medicaid bureaucracy is highly inefficient.

What is bureaucracy?

A complex organization with multilayered systems and procedures is called bureaucracy. Effectively implemented systems and procedures slow down decision-making. They are intended to uphold control and homogeneity inside the company. The use of rules and procedures, whether verbal or written, to manage an organization is known as bureaucracy. In Weber's view, the ideal bureaucracy has a division of labor, a distinct hierarchy, many rules and regulations, and impersonal relations. Bureaucracies that many individuals frequently interact with include state bureaus of motor vehicles, health maintenance organizations (HMOs), financial lending institutions including savings and loans, and insurance firms.

To learn more about bureaucracy click on the given link:

brainly.com/question/27425468

#SPJ4

5 0
1 year ago
Cost classifications For each of the following costs, check the columns that most likely apply (both variable and fixed might ap
Vanyuwa [196]

Answer:

A.     Particular                               Direct   Indirect  Variable Fixed

1      Wages of Assembly                Yes       No         Yes         No

2     Deprecation of plant &            No      Yes         No         Yes

       Machinery  

3      Glue & Thread                          No      No         Yes        No

4      Outbound Shipping Cost         No      Yes         No        Yes

5      Raw Material Handling Cost    Yes     No         Yes        No

6 Salary Of Public Relations        No     Yes         No        Yes

       manager

7      Production Run Setup Costs     Yes    No        Yes        No

8      Plant Utilities                              Yes    No        Yes        No

9      Electricity cost of retail stores   No    Yes        Yes        No

10     Research and development      No    Yes         No       Yes

        expense

B. Product-Costing

i. Manufacturing Cost Per Machine Hour = Total Manufacturing overhead / Total Machine Hours

Manufacturing Cost Per Machine Hour = 359,520.00  / 21,400.00

Manufacturing Cost Per Machine Hour = 16.80

ii.  Particular                    Amount

Raw Material                     $6,240

Direct Labor Cost              <u>$9,165</u>

                                          $15,405

Manufacturing overhead  $13,104

(780 hours* $16.80)           <u>              </u>

Total Cost of 3900 Hats  <u>$28509</u>

Thus, the Cost of One hat = $28509 / 3900 hat = $7.31 per hat

iii. Total Hats made During the Month Of April    3,900

    Less: Closing Inventory                                     <u>1,050</u>  

    Sold During the month of April                       <u>2,850</u>

    Cost Of Hats Sold During the month of April  

    = 2,850 * $7.31

    = $20,833.5

Cost of Closing Stock (1,050 hat)  = 1,050 hat * $7.31 = 7675.5

8 0
3 years ago
Which type of bank account is best for everyday transactions
Elena-2011 [213]

Answer:

Checking accounts

Explanation:

They are better for everyday transactions such as purchases, bills and ATM withdrawals.They also Have lower interest. Savings Accounts would be better for storing/Earning interest.

6 0
3 years ago
Read 2 more answers
Seattle, home to Theo Chocolate, experiences around 155 days of rain per year. CEO of Theo, Joe Whinney, recently purchased a um
Paha777 [63]

An example of unrelated diversification is when Joe purchased the umbrella company to produce umbrellas in various colors and sizes because of the rain.

<h3>What is an unrelated diversification?</h3>

This means the situation whereby a firm enters an industry that lacks any important similarities with the firm's existing industry or industries.

Therefore, Joe purchasing the umbrella company to produce umbrellas in various colors and sizes is an example of unrelated diversification.

Read more about unrelated diversification

<em>brainly.com/question/24701406</em>

7 0
2 years ago
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