Given what we know, we can confirm that capitalism encourages businesses to be more efficient to compete successfully on the price and quality of the product.
<h3>Why does capitalism encourage this competition between businesses?</h3>
- This is due to the fact that through capitalism, there are more entities offering the same service.
- This means that consumers will have to choose where to buy.
- This will be based on the price and quality of the service or product.
- Therefore, businesses are forced to compete in these areas to attract customers.
Therefore we can confirm that capitalism encourages businesses to be more efficient to compete successfully on the price and quality of the product in order to attract the limited amount of consumers for a product that is offered by many companies.
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Answer:
It means that they have gone over your return and it has passed their initial inspection.
Explanation: Hope this helps:)
Answer:
$5800
Explanation:
The income that would be earned if the summer courses were not taken is $5000 while we spend only $100 on food.
Besides, by taking the summer courses costs to be incurred is computed thus:
costs of summer courses=$1,200+$400+$300=$1900
By taking the summer courses one would earn $1000
In short, the opportunity of taking the summer courses is the earnings of -$5000 forgone plus the cost of $100 saved, plus the $1000 earned minus the $1900 spent on summer courses
i.e -$5000+$100+$1000-$1900=-$5800
After all assets are sold and liabilities are settled, the partnership of Bina and Niren is liquidated. Capital balances are $30,000 for Bina and $20,000 for Niren. Cash distributed is $50,000. The transaction to record the distribution of cash to Bina will include a (debit/credit) to Bina, Capital in the amount of $ .<u>debit; $30,000 ( When the partnership is liquidated, the capital balances will be debited to reduce them to zero)</u>
<h3>What is
Capital balances?</h3>
In international macroeconomics, the capital account is the portion of the balance of payments that keeps track of all transactions between entities in one country and entities in other countries. These exchanges involve the import and export of commodities, services, capital, as well as transfer payments like remittances and international aid. A capital account and a current account make up the balance of payments, while a more specific definition subdivides the capital account into a financial account and a capital account. The current account monitors the country's net revenue, whereas the capital account tracks changes in national ownership of assets.
The capital account in accounting displays the net worth of a company at a particular point in time.
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