Business, 05.07.2019 03:40, QueenNerdy889

10. who decides how goods and services will be produced in a command economy? a. private business owners b. entrepreneurs c. individual consumers d. the government 11. why are retired people hurt by inflation? a. they're afraid of change. b. retired people often buy products that are especially likely to experience inflation. c. they live beyond their means. d. since they're on fixed incomes, their income doesn't rise to meet higher prices. 12. what term describes the rise in prices of most goods and services? a. deflation b. inelasticity c. inflation d. recession 13. what's a possible opportunity cost when you spend $100 on a pair of sneakers? a. $110 after inflation b. not being able to spend that $100 on some furniture for your house c. not being able to buy sneakers again d. $100 14. if a worker is free to quit a job and find a new job at another place of employment, what us economic goal has been met? a. economic security b. economic freedom c. economic justice d. economic stability 15. a useful characteristic of money is that money a. allows us to compare the values of goods and services. b. is something that everyone wants. c. is only printed by the us government. d. is difficult to count accurately. 16. the profit motive is important to a market economy because it a. encourages people to open businesses and invent new products. b. allows the government to collect extra in taxes. c. allows workers to get paid. d. encourages consumers to buy more products. 17. the price is the point at which supply and demand for a good are equal. a. elastic b. market c. perfect d. middle

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 00:50, emma3216

cranium, inc., purchases term papers from an overseas supplier under a continuous review system. the average demand for a popular mode is 300 units a day with a standard deviation of 30 units a day. it costs $60 to process each order and there is a five−day lead−time. the holding cost for a paper is $0.25 per year and the company policy is to maintain a 98% service level. cranium operates 200 days per year. what is the reorder point r to satisfy a 98% cycleminus−service level? a. greater than 1,700 unitsb. greater than 1,600 units but less than or equal to 1,700 unitsc. greater than 1,500 units but less than or equal to 1,600 unitsd. less than or equal to 1,500 units

Answers: 1

continue

Business, 22.06.2019 11:10, henryzx900

How much are you willing to pay for a zero that matures in 10 years, has a face value of $1,000 and your required rate of return is 7%? round to the nearest cent. do not include a dollar sign in your answer. (i. e. if your answer is $432.51, then type 432.51 without $ sign)

Answers: 1

continue

Business, 22.06.2019 17:00, nawaphon1395

Alpha company uses the periodic inventory system for purchase & sales of merchandise. discount terms for both purchases & sales are, 2/10, n30 and the gross method is used. unless otherwise noted, fob destination will apply to all purchases & sales. the value of inventory is based on periodic system. on january 1, 2016, beginning inventory consisted of 350 units of widgets costing $10 each. alpha prepares monthly income statements. the following events occurred during the month of jan.: dateactivitya. jan. 3purchased on account 350 widgets for $11 each. b.jan. 5sold on account 400 widgets for $30 each. paid freight out with petty cash of $150.c. jan. 10purchased on account 625 widgets for $12 each. d.jan. 11shipping cost for the january 10 purchased merchandise was $400 was paid with a cheque by alpha directly to the freight company. e.jan. 12returned 50 widgets received from jan. 10 purchase as they were not the correct item ordered. f.jan. 13paid for the purchases made on jan. 3.g. jan. 21sold on account 550 widgets for $30 each. paid freight out with petty cash of $250.h. jan. 22authorize credit without return of goods for 50 widgets sold on jan. 21 when customer advised that they were received in defective condition. i.jan. 25received payment for the sale made on jan. 5.j. jan. 26paid for the purchases made on jan. 10.k. jan. 31received payment for the sale made on jan. 21.use this information to prepare the general journal entries (without explanation) for the january events. if no entry is required then enter the date and write "no entry required."

Answers: 2

continue

Business, 22.06.2019 23:30, bb1593

As a result of a thorough physical inventory, waterway company determined that it had inventory worth $320200 at december 31, 2020. this count did not take into consideration the following facts: walker consignment currently has goods worth $47400 on its sales floor that belong to waterway but are being sold on consignment by walker. the selling price of these goods is $75900. waterway purchased $21900 of goods that were shipped on december 27, fob destination, that will be received by waterway on january 3. determine the correct amount of inventory that waterway should report.

Answers: 2

continue

Do you know the correct answer?

10. who decides how goods and services will be produced in a command economy? a. private business o...