Monopolies, the absence of government intervention, unsafe working conditions, and unemployment are disadvantages of a market economy.
What disadvantage does economy have?People's employment status, income, and whether or not they had a low income were all factors that were considered to be indicators of economic disadvantage. Economic disadvantage is defined as a family living below the federal poverty line, receiving government assistance, or having a principal wage earner who is out of work.
What are the benefits and drawbacks of operating a command economy?Low unemployment and inequality, as well as the common goal of making equality the primary incentive for production, are advantages of the command economy. Command economies have disadvantages like a lack of efficiency and competition, which can prevent innovation.
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What is a key difference between a perpetual inventory system and a periodic inventory system?
Answer:
The periodic inventory system uses an occasional physical count to measure the level of inventory and the cost of goods sold. The perpetual system keeps track of inventory balances continuously, with updates made automatically whenever a product is received or sold.
Transferring information from a journal entry to a ledger account is called: ________
Transferring the information from a journal entry to a ledger account is called posting.
What are ledger and journal entries?Transactions are recorded in journals, a supplementary book of accounts. A journal's entries are categorized in a ledger, which is a main book of accounts. In a journal, an entry is written down in order of the outcome of the transaction. The entry is made account-by-account in the ledger.
Journaling is the process of making entries in a journal. Posting is the process of entering data into a ledger. A company's debit and credit balances are shown in an accounting journal along with a list of transactions. The journal entry may contain several recordings, each of which is a debit or credit.
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What should be increased to increase capital Mcq?
If revenue grows, capital also does. How effectively a corporation runs its operations determines how much an increase in revenue will impact its working capital.
What does the term "revenue" mean?The term "revenue" refers to the overall profits a business makes through its primary activities, such as the sale of goods or services, the rental of real estate, periodic payments, the interest on loans, etc. Prior to taking away any costs, including discounts and returns, revenue calculations are performed.
What does revenue in business mean?The total amount of money that a business's operations generate over a specified period of time is what is generally referred to as revenue. The gross income of a company, before any expenses are subtracted, is its revenue. Revenue is the financial gain from sales and/or provided services, and profits and total earnings define revenue.
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Complete the sentence describing a type of tax charged by the US government.
The government charges
(what) on public services.
Taxes are compulsory payments made by a government organization, either local, regional, or federal, to people or businesses. Government operations are supported by tax money.
In what form does the American tax system exist?The United States has a progressive taxation system as a whole. A progressive tax system is one in which the amount of income that a person (or family) must pay in taxes tends to rise as income does.
What endows the US government with the authority to levies taxes?The Committee shall have the authority to levy and collect the taxes, duties, imposts, and excises in order to pay for the nation's debts, common defense, and general welfare; however, all duties, imposts, and excises must be uniform across the whole country.
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in a given year, jennifer earns $50,000 and spends $40,000. during the same period, steve earns $30,000 and spends $27,000. if jennifer and steve both must pay a 10 percent sales tax on goods purchased, the sales tax is
The income-related regressive nature of the sales tax. the sales tax is 3000 and 2700.
what is a tax?The definition of tax given by the Britannica Dictionary is: a sum of money that a government imposes on citizens in proportion to their income, the market worth of their property, etc., and which is used to fund the government's activities. A tax is a mandatory financial charge or other kind of levy that is placed on a taxpayer by a governmental entity in order to pay for government spending, other public expenses, and taxes. The primary means through which nations earn public revenues, which enable them to finance investments in infrastructure, human capital, and the provision of services for citizen.
sales tax by Jennifer = 0.1*30000 = 3000
tax/income = 3000/50000= 6%
sales tax by steve = 0.1*27000 = 2700
tax/income = 2700/30000 = 9%
The tax increases with decrease in income, it indeed is regressive on the whole.
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jack corporation has a profit margin of 10.70 percent, total asset turnover of 1.42, and roe of 18.58 percent. what is the firm's debt-equity ratio?
The firm's debt-equity ratio is 1.42.
The debt-equity ratio can be calculated using the DuPont model, which breaks down return on equity (ROE) into three components: profit margin, total asset turnover, and the equity multiplier (which is equal to 1 + debt-equity ratio). The equation for the DuPont model is:
ROE = profit margin x total asset turnover x (1 + debt-equity ratio)
To find the debt-equity ratio, we can rearrange the equation to solve for the equity multiplier, and then subtract 1 from the result:
debt-equity ratio = equity multiplier - 1 = ROE / (profit margin x total asset turnover) - 1
Plug in the given values for jack corporation:
debt-equity ratio = 18.58 / (10.70 x 1.42) - 1 = 1.42
So, Jack corporation's debt-equity ratio is 1.42.
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Economic stability is a situation in which the economy experiences constant____and low____.
Economic stability is a situation in which the economy experiences constant growth and low inflation.
increase in equity during a period from nonowner transactions is the meaning of ____
Increase in equity during a period from nonowner transactions is the meaning of Retained Earnings.
What is Retained Earnings?Retained earnings is the portion of a company's net income that is not paid out to shareholders as dividends, but instead retained by the company to be reinvested in its core business or to pay debt. Retained earnings are reported in the shareholders' equity section of a company's balance sheet. This amount is calculated by taking the beginning retained earnings balance from the prior period and adding net income from the current period, then subtracting any dividends paid out to shareholders. Retained earnings are typically used for expansion, debt repayment, and dividend payments.
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The statistical description of a population using characteristics such as age, gender, and income is?
Population statistics are examined in demography. The quantity, movement, and structure of people are studied by demographers using census data, surveys, and statistical models.
Which demographic subgroups are there?Age, income, race, employment, geography, homeownership, and level of education are some of the frequent factors obtained in demographic research. To identify clients, statistical data produces some generalizations about certain categories.
Define demography?The statistical study of populations, particularly those of humans, is known as demography. Population dynamics and dimensions are examined and measured in demographic analysis, which can be applied to entire civilizations or specific groups based on factors like education, ethnicity, nationality, and religion.
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how is spanish in demand in the business/job market
With approximately 400 million speakers, Spanish ranks third among all languages. The United States' unofficial second language is Spanish, which is the official language of 21 nations.
In almost every profession, employers are looking for candidates with Spanish proficiency. Bilingual abilities are highly sought after in a job market that is becoming more competitive. Many vocations need engagement with local and international Spanish-speaking groups and/or some form of Spanish language communication. Hispanic customers are the fastest-growing market category in North America.
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Metion three ways in which a surplus or credit balance in the combined current and capital account can be used up
The balance of repayments (BOP) is the approach by means of which nations measure all of the international financial transactions inside a positive period. The BOP consists of three most important accounts: the cutting-edge account, the capital account, and the financial account.
What can cause a surplus in the present day account of the balance of payments?The currency price depreciates with admire to a country that has decrease inflation. Thus, when inflation is high, it is beneficial for exporters to export more. This creates a surplus in a current account. Domestic demand- Sometimes, due to vulnerable home demand, a united states may additionally have modern-day account surpluses.
This helps to generate capital to fund its domestic productions. With a surplus in its BoP, a u . s . a . can also lend dollars outside its borders. A surplus in BoP can help to boost the short time period financial growth of a country.
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https://brainly.com/question/30080233#SPJ1john provides information to the sec about conduct by his employer that he believes constitutes securities fraud. which law most likely protects john from being demoted for his actions? group of answer choices sarbanes-oxley act procurement integrity act federal contract protection act taft-hartley act
John provides information to the sec about conduct by his employer that he believes constitutes securities fraud.
In this case- the Sarbanes-Oxley act is applied
Hence, Option B is correct
A federal law known as the Sarbanes-Oxley Act of 2002 set up extensive financial and auditing standards for public companies. Legislators drafted the legislation to help shield the public from accounting mistakes and dishonest financial practices and shareholders, employees, and the general public.The control environment, risk assessment, control procedures, information and communication, and monitoring are some of these. The complex SOX law has 11 sections, each of which outlines requirements such as corporate responsibility, independent auditing, and oversight.By enhancing the reliability and accuracy of corporate disclosures, SOX aims to "protect investors." The accuracy of financial information must therefore be personally attested by the management of public companies.To know more about Sarbanes Oxley here
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n making decisions for united merchandising company, latisha uses a cost-benefit analysis. this is part of
This is a part of utilitarianism that Latisha used.
What varieties of cost analysis are there?The following are typical cost analysis types. creating and verifying cost projections. a crucial stage in the planning of a company, strategy, program, or project. estimating the overall ownership cost of a property during its useful life. calculating and contrasting costs and advantages, such as the revenue vs the expense of product creation.
What constitutes the cost-benefit analysis' final step?Comparing the costs and advantages found in the first two processes of the cost-benefit analysis is the final step. The two most popular techniques for assessing information systems are payback and net present value.
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What is an example of an online tax preparation software?
TurboTax is an example of an online tax preparation software.
Online tax preparation software has revolutionized the way people file their taxes. It is a convenient and user-friendly way to prepare and file taxes without having to worry about paper forms or in-person visits to a tax preparer. The software is typically easy to use and can help guide users through the entire process of filing taxes.
It can also help identify deductions and credits that may be applicable and provide helpful tips for maximizing tax savings. Additionally, online tax preparation software can help users quickly and accurately complete their returns, resulting in faster refunds.
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What are the 3 types of mixed economies?
Market, command, & traditional economies are the three diverse types of economies that are combined in a mixed economy.
What are 3 mixed economic systems?Market, command, & traditional economies are the three diverse types of economies that are combined in a mixed economy. The most adaptable system is it. It's crucial to first comprehend how each of the three sorts of economies market, command, and traditional operates in order to comprehend how mixed economies function.
Three of the following conditions of a market system are present in a mixed economy. It safeguards private property first. It also permits prices to be determined by the free market and the principles of supply and demand. Third, it is motivated by people's particular self-interest.
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The three different forms of economies that are merged in a mixed economy are the market, command, and traditional economies.
Which 3 mixed economic systems are there?Market, command, and traditional economies are the three types of economies that are combined in a mixed economy. It is the system that is most flexible. To understand how mixed economies work, it is essential to first understand how each of the three types of economies—market, command, and traditional—operates.
A mixed economy meets three of the following criteria for a market system. Private property is protected first. Additionally, it enables the free market and the supply and demand principles to decide the price. Third, it is driven by individuals' specific self-interest. One disadvantage is that the government cannot entirely manage the economy.
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Explain the stages of conducting population census
Answer: Hence, the census activities can be divided into three main stages: preliminary, data collection, and publishing results.
under the nasaa statement of policy, an investment adviser cannot borrow funds from a(n): a unaffiliated bank b affiliated broker-dealer c affiliated investment adviser d accredited investor
Accredited investor. For purposes of this definition, an accredited investor is only a customer, and an investment adviser is not permitted to borrow money from a client.
What qualifies you as an accredited investor?An accredited investor is a person or a company that is authorized to trade securities even though they are not officially registered with the financial authorities. By meeting at least one criterion related to their income, net worth, asset size, governance standing, or professional experience, they are qualified for this privileged access.
Securities that have not been registered with regulatory bodies like the SEC may be legitimately purchased by accredited investors. Many businesses decide to actively market securities to this group of authorized investors.
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the strategic planning process begins with a. development of an organizational mission statement. b. development of marketing strategy. c. analysis of the marketing environment. d. analysis of target markets. e. development of a marketing plan.
The strategic planning process begins with Development of an organizational mission statement.
Hence, option A is correct answer.
The development of an organizational mission statement is the first step in the strategic planning process. A mission statement defines the purpose and values of an organization and sets the direction for all its decisions and activities. It is a statement of the organization's reason for existence and provides a clear and concise expression of what the organization hopes to achieve.
The mission statement guides the organization's decision-making and serves as a reference point for all employees. It helps to align everyone's efforts towards a common goal and provides a framework for creating strategies, setting goals, and measuring success.
The development of a mission statement is usually a collaborative effort involving senior management, employees, and stakeholders. It requires an understanding of the organization's values, strengths, and limitations, as well as a clear vision of the future. The mission statement should be concise, memorable, and meaningful, and should provide a clear picture of the organization's purpose.
Once the mission statement is developed, it provides a foundation for the rest of the strategic planning process, including the analysis of the marketing environment, the analysis of target markets, and the development of a marketing plan. With a clear mission statement, the organization can move forward with confidence and a clear sense of direction, and work towards fulfilling its purpose and achieving its goals.
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identify the types of laws and regulations that apply to every business, regardless of type or size.
There are several types of law and regulations that apply to every business, regardless of type or size, such as:
environmental laws work place lawsconsumer protection lawsCommercial law or also known as mercantile law and business law, generally can be defined as the body of rules, whether by governing the dealings between persons in commercial matters or also between agreement, convention, or international or national legislation. Based on the types or size of business, there are some regulations that can be used, such as environmental laws, work place laws, and also consumer protection laws.
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What is a key differentiator for accenture when delivering artificial intelligence solutions to clients?
Key differentiator for Accenture when delivering artificial intelligence solutions to clients is Accenture’s large number of solutions enables delivery of impact at scale.
According to Accenture's AI: Built to Scale research, 84 percent of corporate executives say they must employ artificial intelligence to meet their growth objectives. However, 76 percent confess to dealing with how to leverage AI throughout their firm.
As a potential source of corporate innovation, AI has long been recognized. Now that the enablers are in place, enterprises are beginning to grasp how artificial intelligence can increase value for them. Business processes are improved by automation, which also reduces costs and increases consistency, speed, and scalability. In fact, some Accenture customers report time savings of up to 70%. The capacity of AI to drive growth, on the other hand, is much more appealing.
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on the day harry was born, his parents put $1200 into an investment account that promises to pay a fixed interest rate of 6 percent per year. how much money will harry have in this account when he turns 21?
Harry have in the given investment account when he turns 21 is $4079.
Which type of account is an investment account?A connected current account to a securities account is an investing account. It is employed to transmit money in transactions to deposit services and securities. Transactions in funds, stocks, bonds, and ETFs are specifically meant for use with an investing account. Investment accounts are those that keep cash as well as securities like stocks, bonds, funds, and other types of securities.
An important distinction between a bank account and an investment account is that the value of the assets in an investment account might vary, and even go down. Stocks, bonds, real estate, and cash are examples of long-term investments that business plans to hold for at least a year.
Given:
Calculate the FV with PV = $1200,
interest = 6%, and
N = 21,
FV = 1200× 1.06^21 =4079.48
= $4079.
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true or false: stockholders and creditors are internal decision makers that use accounting information to manage the operating, investing and financing activities of the firm.
Internal decision-makers, stockholders and creditors, use financial data to control the firm's operating, investing, & financing activities. False is the answer.
What is A financial stakeholder?
Decision-makers need on objective, relevant, and up - to - date information to make sound judgements. Individuals of groups who depend on financial data to make decisions are referred to as stakeholders in this context since they typically have an interest in the stability of a corporation or business.
What does a shareholder in a company do?
A shareholder is someone who owns stock in a corporation. Owners are also referred to as shareholders because they obtain a stock ownership interest in the company is exchange for money. The phrase "shares" refers to stock. Stockholders used to receive physical certificates reflecting how so many shares they owned in the corporation.
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the law of diminishing marginal productivity states that as more units of a variable input are added, holding other inputs constant (ceteris paribus), the additional output obtained from each new unit of the variable input eventually falls. group of answer choices true false
As more units of a variable input are added, holding other inputs constant (ceteris paribus), the additional output produced from each new unit of the variable input gradually decreases, according to the law of declining marginal productivity. is true.
The law of diminishing marginal productivity is an economic principle that states that as more units of a variable input (such as labor or capital) are added to a fixed level of other inputs (such as land or technology), the additional output obtained from each new unit of the variable input will eventually decrease.
This means that the more resources you use, the less additional output you will get for each unit of input. This happens due to the fact that resources are not perfect substitutes, and as more units of one resource are used, the less productive it becomes. This phenomenon is observed in the short run where at least one input is fixed.
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all reconciling items at march 31 cleared through the bank in april. outstanding checks at april 30 totalled $3,200. what is the amount of cash disbursements per books in april?
The total amount of cash disbursements per books in April is $21,700.
What are cash disbursements?When money is spent to get goods or services, it is referred to as a cash disbursement. A decline in sales may also be noted when a consumer is given a cash refund. Dividend payments, which are recorded as a decrease in corporate equity, are still another sort of cash disbursement.
A payment made in cash is referred to as a cash disbursements. The phrase often refers to an ATM withdrawal or a cash back transaction in the payments sector. Debit cards are normally required for these transactions, not credit cards, and they frequently have different regulations than regular purchases do.
Given:
April disbursements per bank statement$24,800
March checks cleared in April statement(6,300)
Checks outstanding end of April 3,200
Total cash disbursements in April $21,700
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The complete question is:
Light Co. had the following bank reconciliation at March 31:
Balance per bank statement, 3/31 $23,250
Add: Deposit in transi 5,150
28,400
Less: Outstanding checks 6,300
Balance per books, 3/31 $22,100
Additional information from Light's bank statement for the month of April is as follows:
Deposits$29,200 Disbursements 24,800
All reconciling items at March 31 cleared through the bank in April. Outstanding checks at April 30 totaled $3,200. What is the amount of cash disbursements per books in April?
$21,700
$24,800
$27,900
$28,000
g what is a limited liability limited partnership? what distinguishes it from a limited partnership?
An LLP is an alternative corporate business structure that combines the benefits of a company's limited liability with the flexibility of a partnership. The LLP can continue to operate despite changes in partners. It has the ability to engage in contracts and possesses property in its own name.
What is the primary distinction between an LP and an LLP?A limited partnership (LP), as opposed to a limited liability partnership (LLP), is a partnership comprised of two or more partners. The general partner manages and operates the firm, whereas limited partners do not participate in its management. A limited partnership's general partner, on the other hand, has unlimited liability for the debt, while any limited partners have restricted liability up to the amount of their investment.
The structure of an LP and an LLP is similar. LPs, on the other hand, have both general and limited partners, but LLPs do not. An LLP's partners have limited responsibility.
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a family-owned meat shop has expanded to four locations within the preston area and suburbs, running regular promotions to one zip code, where the shop is located. these social media ads are a form of advertising that will only go to this very small geographic area. what kind of advertising is this?
This is an example of localized or geo-targeted advertising.
Localized or geo-targeted advertising is a type of advertising that targets a specific geographic location or region. It uses location data to deliver ads to people in a specific area, rather than to a broader audience. This type of advertising is commonly used for businesses that have a physical presence in a specific location, such as a local store or restaurant. It can also be used for events or promotions that are happening in a specific area.
Examples include online ads that target a specific city or zip code, or billboards that are placed in a specific neighborhood.
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What is payment that institutions receive when they lend money?
The compensation a borrower or financial organization receives for giving out money is called interest.
What is it called when banks lend money?Banks lend money to one another in the interbank lending market for a set period of time. The majority of interbank loans mature in one week or less, with the majority of the states a day or more. Interbank rates are used to provide these loans.
Lending is, in its simplest form, the act of offering money towards someone now with the intention that they will repay you later. The borrower often continues to make monthly payments to the lenders up until the whole amount is collected. Lending is the act of allowing someone to lend something to another person.
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bianchi crafts has an operating cash flow of $4,267 and depreciation of $1,611. current assets decreased by $1,356 while current liabilities decreased by $2,662, and net fixed assets decreased by $382 during the year. what is free cash flow for the year?
The free cash flow for the year is $2,882
Free cash flow (FCF) is a measure of a company's financial performance that shows how much cash is available for distribution to shareholders and debt holders after taking into account capital expenditures.
It is calculated as:
Operating cash flow (OCF) - Capital expenditures (CAPEX) = Free cash flow (FCF)
In this case:
Operating cash flow (OCF) = $4,267
Capital expenditures (CAPEX) = Depreciation + Change in net fixed assets + Change in current assets - Change in current liabilities
= $1,611 + $382 - $1,356 - $2,662
= $1,385
Free cash flow (FCF) = $4,267 - $1,385 = $2,882
Therefore, the free cash flow for the year is $2,882
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what is the present value of a lump sum of $5,000 received in 6 years at a rate of 8 percent compounded annually?
$3,319.53 is the present value of a lump sum of $5,000 received in 6 years at a rate of 8 percent compounded annually.
What is present value?Present value is a concept used in finance and economics to calculate the value of a future payment, or stream of payments, today. Present value takes into account the time value of money and assumes that a dollar received today is worth more than a dollar received at a later date.
The present value of a lump sum of $5,000 received in 6 years is calculated by using the present value formula: PV = FV / (1 + r)^n
Where PV is the present value, FV is the future value, r is the rate of interest, and n is the number of years.
In this case, FV = $5,000, r = 8%, and n = 6.
PV = $5,000 / (1 + 0.08)^6
PV = $3,319.53
Therefore, the present value of a lump sum of $5,000 received in 6 years at a rate of 8 percent compounded annually is $3,319.53.
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on january 1, year 1, astor co. purchased a bond with a face value of $1000, maturing after 7 years, and classified as available-for-sale debt security on its balance sheet. the coupon rate on the bond was stated to be 10%, payable semi-annually on june 30 and december 31. astor co. received full interest for the first four years until december 31, year 4 but determined that it will collect only 50% of the interest for the remaining 3 years. on january 1, year 5, the fair value of the said bond was estimated to be $800. what is the impact of the loss on the financial statements of astor?
The impact of the loss on the financial statements of Astor would be that the carrying value of the bond would be adjusted to its fair value, which is $800.
The difference between the carrying value (which is the face value of the bond, $1000) and the fair value of the bond ($800) would be recorded as an impairment loss in the income statement. This impairment loss would reduce Astor's net income and shareholders' equity. Additionally, the portion of the interest that Astor will not be receiving due to the 50% reduction (i.e. the other 50%) would also be recorded as an impairment loss on the income statement.
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