All categories

2 years ago

In a market economy economic activity is guided by.

Business

1 answer:

e-lub [12.9K]2 years ago

5 0

Answer:

Who controls the economy in a market economy?

Market economies are not controlled by a central authority (like a government) and are instead based on voluntary exchange. Market economies rely on the interplay between supply and demand to function.

Explanation:

Please tell me if I am right If so branliest would be nice

You might be interested in

At the beginning of year 1, Looby Corp. purchases equipment for $100,000. The equipment has a residual value of $20,000 and an e

ANEK [815]

Answer:

Accumulated Depreciation at the end of year = $16,000

Explanation:

<em>Under the straight line method of depreciation, the cost of an asset less the salvage value is spread equally over the expected useful life.</em>

<em>An equal amount is charged as annual depreciation over the life of the asset. The annual depreciation is calculated as follows:</em>

Annual depreciation:

= (cost of assets - salvage value)/ Estimated useful life

Cost - 100,000

Residual value = 20,000

Estimated useful life = 10 years

Annual depreciation = (100,000- 20,000)/10 =8,000

Annual depreciation = 8,000

Accumulated Depreciation for 2 years = Annual depreciation× number of years

= 8,000× 2 = 16,000

Accumulated Depreciation for 2 years = $16,000

4 0

3 years ago

To be effective as a successful general manager of a hotel, the manager should exhibit all of the following traits except: Group

Masja [62]

Answer: The manager should exhibit all the traits except computer programming skills.

Explanation: A successful general manager or a manager that is striving to be successful will/should possess the following traits:

1. Attention to detail; this is a very important trait and could be the difference between keeping a client and losing one. This is because clients want to feel and be treated specially and uniquely. Therefore an attention to detail will help the manager ensure that each client is treated specifically and differently from the next client.

2. Follow through leadership: this trait is very important in order to maintain cohesion among the team members and subordinates.

3. People skills: this is a very important trait because it is very vital in person-to-person interactions, especially when interacting with hotel guests.

4. Effective delegation: one person cannot perform all the tasks in a hotel, therefore it falls on the general manager to be able to assign roles to individuals that are best suited to perform the tasks. This is a very important trait and will ensure that resources are properly utilized.

Computer programming skills is not a trait requires of a hotel general manager. This is because the role can be assigned to a computer programmer while the general manager faces other tasks that require his/her attention.

8 0

3 years ago

Golden Eagle Company prepares monthly financial statements for its bank. The November 30 and December 31 adjusted trial balances

denis23 [38]

Answer:

Explanation:

The adjusting entries are shown below:

1. Supplies Expense A/c Dr $3,000 ($2,000 + $4,500 - $3,500)

To Supplies A/c $3,000

(Being supplies purchased)

2. Insurance Expense A/c Dr $2,000

To Prepaid Insurance A/c $2,000

(Being prepaid insurance adjusted)

3. Salary expense A/c Dr $16,000

To salary payable A/c $16,000

(Being salary adjusted)

4. Unearned revenue A/c Dr $1,500

To Service revenue A/c $1,500

(Being unearned revenue adjusted)

7 0

3 years ago

What kind of risks can exist in a business?

andriy [413]

So many! Failing is the main one and losing everything

7 0

3 years ago

Read 2 more answers

Which of the following is a regular outcome of being late to work

Grace [21]

A regular outcome could be a lot of hate from co-workers and your boss, and eventually you might be put on admin leave or fired.

6 0

3 years ago