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2 years ago

Explain how the basic economic problems are solved under capitalism?

Business

1 answer:

Brums [2.3K]2 years ago

7 0

Answer:

Under capitalistic economy, allocation of various resources takes place with the help of market mechanism. Price of various goods and services including the price of factors of production are determined with help of the forces of demand and supply. Free price mechanism helps producers to decide what to produce.

The goods which are more in demand and on which consumers can afford to spend more, are produced in larger quantity than those goods or services which have lower demand. The price of various factors of production including technology helps to decide production techniques or methods of production. Rational producer intends to use those factors or techniques which has relatively lower price in the market.

Factor earnings received by the employers of factors of production decides spending capacity of the people. This helps producers to identify the consumers for whom goods could be produced in larger or smaller quantities. Price mechanism works well only if competition exists and natural flow of demand and supply of goods is not disturbed artificially.

Explanation:

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Jallouk Corporation has two different bonds currently outstanding. Bond M has a face value of $20,000 and matures in 20 years. T

eduard

Answer:

The price of the bond is $ 21,541.53

Explanation:

The price of the bond is the present value of all cash inflows expected from the bond throughout the bond's life.

The cash inflows comprise of coupon interest interest payments as well as the repayment of the principal amount(the face value of $20,000) at redemption.

The present value is computed by multiplying the cash inflows by the discount factor.

The formula for discounting factor =1/(1+r/2)^t

r is the required yield of 5.4% divided by 2 since the coupon is payable twice a year.

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2 years ago

Which of the following statements are true about the chart of accounts? (You may select more than one answer. Single click the b

Anna71 [15]

Answer:

The following statements are true about the chart of accounts:

a. Different companies use different charts of accounts based on individual company need.

c. The chart of accounts should be ordered in a logical sequence based on type of account.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

Which of the following statements are true about the chart of accounts? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)

a. Different companies use different charts of accounts based on individual company need.

b. The chart of accounts contains the balance of all of the accounts in a ledger.

c. The chart of accounts should be ordered in a logical sequence based on type of account.

d. The chart of accounts can be ordered in any sequence because they are not formal financial systems.

The explanation of the answer is now provided as follows:

A chart of accounts can be described as a list of financial accounts that an accountant sets up for an organization and makes available to the bookkeeper for inputting transactions into the general ledger.

Therefore, the chart of accounts for each account type should be organized in a logical sequence. Depending on the needs of the business, different organizations employ different charts of accounts.

Based on the explanation above, the following statements are true about the chart of accounts:

a. Different companies use different charts of accounts based on individual company need.

c. The chart of accounts should be ordered in a logical sequence based on type of account.

8 0

2 years ago

Can you list three things you can do to improve job satisfacation in the work place?

AURORKA [14]

Answer:

When working with tight budgets, what can you do to boost job satisfaction at your company? These 3 simple but effective tips will help ensure your employees feel fulfilled and appreciated within their role.

Engage your employees

Having people turn up to work and do a day's graft before going home isn't all you want from your employees. Getting staff that are engaged with your company is much more preferable and to achieve this you need to communicate with them. This doesn't mean just speaking to them but creating an atmosphere where their insights are valued and they feel free to talk about things they are concerned about.

This will not only boost their job satisfaction because they feel more understood but will also help you identify areas where improvements could be made. Many professionals benefit from a higher level of autonomy as it shows that you have a certain amount of trust in them, while also encouraging initiative and self-discipline.

Line managers can be a fantastic resource to encourage these communication channels and identify areas where staff seem unsatisfied or want to develop. However, it's important for everyone - from the top down - to be supportive of employee engagement and embody this in their working day.

Provide a positive work environment

Employees spend a lot of time at work so do everything you can to make this a positive atmosphere to be in. However, it's key that you don't just assume what good working conditions are and instead actually ask the people working for you.

Everything from childcare support to social events can help people feel happier about being in the office but it should be designed around the needs and wants of your employees. Otherwise you risk spending money on something that isn't really valued by your staff, wasting money and potentially causing discontent among your workforce.

It's also important to consider matters such as dress code and office layout as well as benefit schemes. These can make a huge difference on how comfortable people feel during their time in the office.

Evaluate, analyze and improve

Like any other business goal, you should make sure measurement plans are in place to see what progress you are making. There's a number of ways you can track employee satisfaction and a variety of online resources to help you. However, a simple anonymous survey can be just as effective, especially for small companies where evaluating the responses won't be too laborious.

This should allow you to identify areas that have had the biggest impact and where you may need to make further improvements.

7 0

2 years ago

Lenders are prohibited from

boyakko [2]

Taking money from others

3 0

2 years ago

Pastina Company sells various types of pasta to grocery chains as private label brands. The company's reporting year-end is Dece

sertanlavr [38]

Answer:

Account Title Debits Credits

Cash 34,900

Accounts receivable 42,600

Supplies 860

Inventory 62,600

Notes receivable 22,600

Interest receivable 1,507

Prepaid rent 1,150

Prepaid insurance 2,150

Office equipment 90,400

Accumulated depreciation 45,200

Accounts payable 33,600

Salaries payable 1,400

Notes payable 52,600

Interest payable 1,578

Deferred sales revenue 3,300

Common stock 78,200

Retained earnings 35,000

Dividends 6,600

Sales revenue 159,000

Interest revenue 1,507

Cost of goods sold 83,000

Salaries expense 21,600

Rent expense 13,450

Depreciation expense 11,300

Interest expense 1,578

Supplies expense 4,340

Insurance expense 6,450

Advertising expense 4,300

Totals 411,385 411,385

Insurance expense

= 8,600 * 9/12 months = $6,450

Prepaid Insurance = 8.600 - 6,450 = $2,150

Supplies expense = 2,400 + (2,800 - 860) = $4,340

Interest expense and Interest payable = 12% * 3/12 * 52,600 = $1,578

Rent = 12,300 + 1,150 = $13,450

Interest revenue = 22,600 + 8% * 10/12 months = $ 1,507

Accumulated depreciation = 33,900 + 11,300 = $45,200

4 0

2 years ago

Explain how the basic economic problems are solved under capitalism?​

Explain how the basic economic problems are solved under capitalism?