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stealth61 [152]
3 years ago
14

An economy is best described as a system where

Business
2 answers:
natka813 [3]3 years ago
8 0

It is defined as the country's state on how it handles its activities such as money supply, resource allocation, and production and distribution of services to ensures human wants and needs have been met. Furthermore, the basic economic systems include traditional, mixed, market and command economy.

dimulka [17.4K]3 years ago
4 0

Answer:

Resources are used to produce goods and services to meet the needs and wants of society.

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Assume that the Charleston Inc. uses the indirect method to depict cash flows. Indicate where, if at all, an inventory increase
Airida [17]

Answer:

Operating activities section

Explanation:

In the indirect method of cash flow statements, current assets and current liabilities are adjusted with net income and non-cash items. It means changes in net working capital (Current assets - Current liabilities) fit with the net income in the operating cash flow section. Therefore, any decrease or increase is stated under the operating cash flow segment. Inventory increase will deduct from the net income because we spend more cash to acquire inventory.

7 0
4 years ago
According to Levitt, which of the following statements is true? A. Technology drives the world toward a converging commonalty B.
trapecia [35]

Answer:

the correct option is A) According to Levitt, Technology drives the world toward a converging commonalty.

Explanation:

Levitt's Thesis states that "a dominant force drives the world towards a converging commonality, allowing international businesses to become global by standardizing their product and service offering".

One of the main forces he identified was technology.

It has become very evident that Technology is an essential force that drives the modern form of business globalization because technology has helped overcome major barriers to trade in the international scene by introducing standardized processes and global quality assurance.  

It has also eliminated delays in information exchange, created a virtual market and ease of interaction between countries making international business processes cost effective and efficient.

8 0
3 years ago
You have just made your first $5,000 contribution to your individual retirement account. Assuming you earn an annual rate of ret
Zielflug [23.3K]

Answer:

the future value is $328,983.26

Explanation:

The computation of the amount that would be retired in 45 years is shown below:

As we know that

Future value = Present value × (1 + interest rate)^time period

= $5,000 × (1 + 9.75%)^45

= $328,983.26

Hence, the future value is $328,983.26

5 0
3 years ago
Proposed by Herbert A. Simon, __________ means that managers are limited in the extent to which they can use the classical model
djyliett [7]

Answer: bounded rationality

Explanation: Proposed by Herbert A. Simon, _____bounded rationality_____ means that managers are limited in the extent to which they can use the classical model of decision making, because they only have so much time and ability to process information.

In order words, Simon maintained that individuals do not seek to maximise their benefit from a particular course of action. This is because one cannot take in and process all the information that would be needed to maximize personal benefits, and that even if this was tenable, our minds would not be capable of processing it properly. In summary, the human mind necessarily restricts itself—bounded rationality.

7 0
3 years ago
Dividends are expected to grow at a rate of 25 percent for the next three years, with the growth rate falling off to a constant
Brut [27]

Answer:

The current price per share is $39.21

Explanation:

The two stage dividend growth model will be used to calculate the price of the share today. The first three years dividends will be calculated and discounted back and when dividend growth becomes constant, the terminal value will be calculated and discounted back to today's price.

The price per share =  D1 / 1+r + ...  + D3 / (1+r)³  + [(D4 / r - g) / (1+r)³]

The current price per share is,

P = 1.15 * (1+0.25) / (1+0.11)  +  1.15 * (1+0.25)² / (1+0.11)²  +  1.15 * (1+0.25)³ / (1+0.11)³  +  [( 1.15 * (1+0.25)³ * (1+0.06) / 0.11 - 0.06) / (1+0.11)³]

Price per share today = $39.21

8 0
3 years ago
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