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Natasha2012 [34]
2 years ago
14

Distinguish between planned economy and mixed economy?​

Business
1 answer:
Anettt [7]2 years ago
4 0

Answer:

CHECK THE EXPLANATION.

Explanation:

A planned economy is a type of economic system where investment, production and the allocation of capital goods takes place according to economy-wide economic plans and production plans. A planned economy may use centralized, decentralized, participatory or Soviet-type forms of economic planning whereas a mixed economy is an economy organized with some free market elements and some socialistic elements, which lies on a continuum somewhere between pure capitalism and pure socialism. ... Mixed economies socialize select industries that are deemed essential or that produce public goods.

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Ponzi Products produced 100 chain-letter kits this quarter, resulting in a total cash outlay of $10 per unit. It will sell 50 of
goldenfox [79]

Answer:

a) Ponzi Products

Income statement

For quarters 1, 2, 3 and 4 of year 202x

                                       Q1                     Q2                  Q3                Q4

Sales revenue                $0                   $550             $600              $0

COGS                              $0                   $500             $500              $0

Operating income          $0                    $50               $100              $0

Since no products are sold during the first and fourth quarter, their respective revenues, COGS and operating income is $0.

b) Ponzi Products

Schedule of Expected Cash Receipts

For quarters 1, 2, 3 and 4 of year 202x

                                       Q1                     Q2                  Q3                Q4

Sales revenue                $0                    $0                $550            $600

Cost of goods man.  ($1,000)                $0                   $0               $0

Net cash receipts     ($1,000)                 $0                $550            $600

c) This question is incomplete, it should say what is Ponzi's net working capital for each quarter?

NWC = current assets - current liabilities

NWC Q1 = $1,000 (Merchandise inventory account, no liabilities)

NWC Q2 = $500 (Merchandise inventory account, no liabilities)

NWC Q3 = $550 (Cash account, no liabilities)

NWC Q4 = $1,150 (Cash account, no liabilities)

6 0
3 years ago
Comfort Cords produces curtain cords. In the process of manufacturing those cords, it also produces hair ties which are sold sep
hoa [83]

Answer:

$609,000

Explanation:

The revenue in June for  Comfort Cords is the sum of the revenue from cords and hair ties.

The revenue from each is the product of the unit selling price and the quantity sold.

= 50000 * $12 + 9000 * $1

= $600,000 + $9000

= $609,000

3 0
3 years ago
Within a PPF framework, explain each of the following:_______.
ra1l [238]

<u>Explanation:</u>

a. <em>Remember</em>, the PPF (Production Possibility Frontier) framework allows for the selection of a preferred choice as regards budget spending. Hence, in such a situation, it calls for a choice to be made.

b. According to the PPF framework, where there is an increase in the population, it is expected that such change would result in an increase in the labor force capacity; and ultimately leading to an upward shift in the PPF curve. Thereby, increasing the overall production of the economy.

c. Within the PPF framework, a technological change that makes resources less specialized will result also result in an upward shift in the PPF curve.

3 0
2 years ago
In 2020, Neighbor Co-Op Inc. sells 1,000 beverages in glass bottles and receives a $1.00 deposit for each returnable bottle sold
strojnjashka [21]

Answer:

a.

Date                      Account Title                                    Debit                Credit

Dec, 31. 2020       Cash                                              $1,000

                             Customer Deposits                                                  $1,000

b.

Date                      Account Title                                    Debit                Credit

Dec, 31. 2020       Customer deposits                          $800

                             Cash                                                                         $800

c.

Date                      Account Title                                    Debit                Credit

Dec, 31. 2020       Customer deposits                          $120

                             Breakage Revenue                                                   $120

                            Cost of goods sold(0.8 * 120)         $  96

                            Inventory                                                                   $  96

7 0
2 years ago
Jenna Parker owns and manages her single member LLC which provides a wide variety of financial services to her clients. She is m
Julli [10]

Answer:

Option ( b ) $57,000

Explanation:

Data provided in the question:

Net income = $300,000

W-2 wages = $120,000

Assets with unadjusted basis = $75,000

Taxable income before the QBI deduction = $285,000

Now,

The QBI deduction for 2019 will be given as 20% of the qualified income i.e the taxable income before the QBI deduction

Therefore,

The QBI deduction for 2019 = 20% of $285,000

= 0.20 × $285,000

= $57,000

Hence,

Option ( b ) $57,000

5 0
2 years ago
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