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3 years ago

Which is not an example of a behavior exhibited in a market economy?

Business

1 answer:

Diano4ka-milaya [45]3 years ago

5 0

Answer: market economy’s do not have government interference in businesses

Explanation:

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Micro, Inc., started the year with net fixed assets of $75,300. At the end of the year, there was $96,700 in the same account, a

Pie

Answer:

$158,730

Explanation:

Mario incoporation started the year with a net fixed assets of $75,300

At the end of the year the net fixed assets was $96,700

The depreciation expense is $13,270

Therefore the company's net capital spending for the year can be calculated as follows

= $96,700+$75,300-$13,270

= $172,000 - $13,270

= $158,730

Hence the company's net capital spending for the year is $158,730

6 0

3 years ago

Which option is an example of labor as a factor of production?

dolphi86 [110]

Answer:A

Explanation:

8 0

3 years ago

Read 2 more answers

The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31, are as fo

AnnZ [28]

Answer:

Ending Inventory FIFO = 1010,625

Total Sales =$ 19,650,000

Cost Of Goods Sold 18639,375

Explanation:

Date Transaction Number of Units Per Unit Total

Jan. 1 Inventory 7,500 $75.00 $562,500

10 Jan Purchase 22,500 85.00 1,912,500

Total 30,000

28 Jan Sale 11,250 150.00 1,687,500

30 Jan Sale 3,750 150.00 562,500

Inventory Ending 15,000

Feb. 5 Sale 1,500 150.00 225,000

13,500

10 Feb Purchase 54,000 87.50 4,725,000

67,500

16 Feb Sale 27,000 160.00 4,320,000

28 Feb Sale 25,500 160.00 4,080,000

Inventory Ending 15,000 

Mar. 5 Purchase 45,000 89.50 4,027,500

14 Mar Sale 30,000 160.00 4,800,000

25 Mar Purchase 7,500 90.00 675,000

30 Mar Sale 26,250 160.00 4,200,000

Ending Units 11250 

Ending Inventory FIFO = 1010,625

7,500 units at $ 90.00 = $ 675,000

3750 units at $ 89.50 = $ 335,625

Total Sales = Sales In Jan + Sales in Feb + Sales In Mar

= 1,687,500 +562,500 +4,320,000 + 4,080,000 +4,800,000+4,200,000 = $ 19,650,000

Cost Of Goods Sold= Sales Less Ending Inventory

Cost Of Goods Sold= $ 19,650,000- 1010,625= 18639,375

3. Journal Entries

Account Receivable $ 19,650,000 Dr.

Sales $ 19,650,000 Cr.

Cost Of Goods Sold 18639,375 Dr.

Merchandise Inventory 18639,375 Cr.

4. Ending Inventory FIFO = 1010,625

5. LIFO Ending inventory would be lower as price is increasing.

7 0

3 years ago

Government can reallocate resources of an economy through taxes, ________ payments, and by providing direct services..

malfutka [58]

Answer:

B. transfer

Explanation:

Transfer payment is when income is received and neither goods or services are exchanged.

Transfer payment is a form of reallocation of resources.

I hope my answer helps you

5 0

3 years ago

Assume that Nortel manufactures specialty electronic circuitry through a unique photoelectronic process. One of the primary prod

kramer

Answer:

A = $6,125

B = $2,125

C = $6,125

Explanation:

Standard Labor Time = 0.5 hours, Standard Labor rate = $12.50 per hour, Standard Time = 4800 * 0.5hour P U = 2400 hours

Actual labor time used = 2,230, Direct labor Cost = $34,000 per hour =$15.25 , Units manufactured = 4,800

(a) Labor Rate Variance = Actual Cost - standard cost of Actual Hours = $34,000 - ($12.50 * 2230) = $34,000 - $27,875 = $6,125 Favorable

(b) Labor Efficiency Variance = Standard Cost of Actual Hours - Standard Cost = (2,230 * 12.50) - (12.50 * 2400) = $27,875 - $30,000 = $2,125 Unfavorable

(c) Flexible budget labor cost variance = Flexible Budget cost - Actual Cost = (Actual qty * Std Rate) - (Actual qty - Actual Rate) = (2,230 * $12.50) - $34,000 = $27,875 - $34,000 = $6,125 Unfavorable

3 0

3 years ago