Critique the concept of Socialism using appropriate examples
The concept of socialism can be critiqued using examples of countries in which socialist economic systems have been enforced similar as the former Soviet Union, Venezuela, Cuba.
Critics argue that these countries have experienced economic recession, low norms of living, and a lack of individual freedoms due to the absence of free request competition and government control over resources and product. Socialism's critics argue that the absence of incentives for individual initiative, innovation, and profit has led to low situations of effectiveness, productivity and quality in these countries.
sympathizers of socialism argue that there are also examples of socialist systems that have achieved high living norms and greater economic equality similar as in Scandinavia.
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please answer asap! In one to two sentences, explain how the money for a negative tax for low-income earners could be redistributed from high-income earners.
One way that money for a negative tax for low-income earners could be redistributed from high-income earners is by increasing tax rate on high income earners.
How to fund a negative tax ?One plausible method to address income inequality is via an increase in tax rates for high-income earners. By doing so, a larger percentage of their revenue would be allocated towards taxes which could then be utilized to finance the negative tax program.
Another potential avenue would involve imposing a wealth tax upon individuals or households based on their net worth. This type of taxation would predominately affect those with significant lifetime acquisition of assets and resources – particularly the wealthiest members of society.
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Discuss 5 sources of government revenue in the economy
Your coworker Ginny is really concerned about a project that she has just been assigned. She is in charge of analyzing and determining conditions in the market for televisions from an extensive sales report.
If Ginny's boss is interested in a graphical presentation of the relationship between the price and quantity of televisions supplied you would advise your coworker to construct _____ using the data provided.
a. a supply curve
b. the law of supply
c. a supply curve
However, if Ginny's boss is more interested in the detailed numbers used to construct this visual representation, you would instead advise your coworker that a _____ would be more appropriate.
a. supply schedule
b. supply curve
c. law of supply
If Ginny's boss wants to get the graphical representation of the relationship between the price and quantity of televisions supplied, then he would use th:
a. a supply curveHowever, if he is interested in the visual representation, then he would have to use the:
a. supply scheduleWhat is a Supply Curve?This refers to the representation of the relationship which exists between the price and supply of a particular good.
With this in mind, we can see that the best way to display the set of data in a graphic format is with the use of the supply curve while the representation of data in a visual format would be the use of a supply schedule.
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NEED HELP ASAP
In the circular flow diagram with government, what does the government provide directly to firms?
A. expenditures
B. factors of production
C. taxes
D. goods and services
In the circular flow diagram, the government provides goods and services directly to firms. The correct option is D.
In the circular flow diagram, the government provides goods and services directly to firms. This is represented by the flow of resources from the government sector to the business sector.
The government plays a significant role in the economy by providing public goods and services that are necessary for the functioning of the society as a whole.
Public goods include infrastructure projects like roads, bridges, and public utilities, as well as services such as defense, law enforcement, and education.
These goods and services are not typically provided by private firms, so the government steps in to ensure their provision.
By supplying goods and services directly to firms, the government facilitates the production process and supports the overall functioning of the economy.
This enables businesses to operate efficiently and effectively, contributing to economic growth and development.
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Which formula can you use to extract the month number from the date entered in cell F5 as July 8, 2016?
Answer: =MONTH(F5)
Explanation:
The MONTH function in Excel returns the month, a number from 1 (January) to 12 (December).
It’s syntax is;
“=MONTH(serial_number)”
Where serial number refers to the date in question, which could either be a date itself or a cell reference.
The MONTH function is used to extract the month number from a date.
If cell F5 contains “July 8, 2016”, the formula “=MONTH(F5)” inputed in another cell will give the value “7”.
This is because the month July is the 7th month of the year.
Acellus
Help Resources
If a corporation makes $20 million in one year,
after taxes are paid (at 35%), that company
will have a net income of
million
A $7
B. $10
C. $13
Answer:
A) 7 million
Explanation:
20 000 000 X 35÷100 = 7 million
15. SHORT-RUN PROFIT MAXIMIZATION Answer the following questions on the basis of the monopolist's situation is illustrated in the following graph.
a. At what output rate and price does the monopolist operate?
b. In the equilibrium, approximately what is the firm's total cost and total revenue?
c. What is the firm's economic profit or loss in equilibrium?
a) The output rate and price that the monopolist operates at are 100 units and $5 per unit because, at this point, the marginal cost equals the marginal revenue.
b) In the equilibrium, the monopolist's total cost and total revenue are approximately $1,050.
c) The monopolist's economic profit or loss in equilibrium is $0.
Who is a monopolist?Economists define a monopolist as an entity that controls the market for a particular good or service within a locality.
Data and Calculations:Total cost at equilibrium = $1,050 (150 x $7)
Total revenue at equilibrium = $1,050 ( 150 x $7)
Economic profit or loss in equilibrium = $0 ($1,050 - $1,050)
Thus, when a single seller or producer exists for a unique product in the market, it shows the existence of a monopoly.
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An application of the Law of Supply is,
Answer:The law of supply says that a higher price will induce producers to supply a higher quantity to the market. Supply in a market can be depicted as an upward sloping supply curve that shows how the quantity supplied will respond to various prices over a period of time.
Explanation:
The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.
The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.
1. The US Senate passed the 2022 Defense Authorization Act.
2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.
3. The total amount allocated for the Defense Authorization Act is $768 billion.
4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.
5. The Act represents a 5% increase in the US defense budget when compared to the previous year.
6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.
7. The Act was passed overwhelmingly, indicating strong support from the Senate.
8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.
9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.
10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.
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how useful is knowing the business impact of your project compared to that of your team mates' other work?
Your company uses an organized method called business analysis to identify and assess the possible effects of disruption to crucial business processes caused by crises, accidents, or catastrophes. A business impact study is a crucial component of a company's business continuity strategy.
If I came upon any of my teammates' evaluation data in a shared folder, I would preserve it before returning it to the teammate.
A project Manager provides a project life, but business impact analysis gives that life a path to success. Projects are helpful and straightforward to utilize, letting the effort you put into the study pay off. A business impact analysis is a fantastic tool for evaluating risk and establishing a recovery plan should it arise. That sounds project-like.
Evaluations frequently center on a person's performance. It relates to their line of business.Every colleague goes through a similar evaluation process once a year. It informs them of their shortcomings and growth.Saving this information is essential since it can aid someone in developing their talents.Learn more about business here https://brainly.com/question/26106218
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Which of the following events can create the most significant shift in the demand curve?
when the quantity demanded varies in agreement with the initial demand connection and the price of goods changes.
Why does demand matter?The link between the supply and demand is crucial because it helps to establish the costs and availability of the majority of goods and services in a given market. The interplay between and demand eventually balances out in accordance with the tenets of a market economy.
Who invented the term "demand"?Although Sir James Steuart coined the phrase "basic economics" in his 1796 book Inquiry into Political Economy Principles Economy, numerous other academics and intellectuals, including Adam Smith, John Stuart mill, Alfred Lord, and Ibn Taymiyyah, are credited with studying the theory's roots.
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Someone help soon please!
Answer:
i'd go with some time in colage with ne degree. ;)
Explanation:
The Willis avenue door company gave its employees bonuses six employees received a bonus of 940 each 4 employees received a bonus of 820 each 5 employees were paid a bonus of 1150 what was the average bonus paid to these employees
The average bonus paid by the Wills avenue company is $ 978.
What is an average?The middle value in a set of numbers is the average, which is calculated by dividing the total of all the values by the number of values. When calculating the average of a set of data, we add all of the values and divide the total by the number of values.
To find the average bonus
6 employees received a bonus of 940 each = 6×940= $5640
4 employees received a bonus of 820 each = 4× 820 = $3280
5 employees were paid a bonus of 1150 each = 5 × 1150 =$5750
Average bonus = 14670÷15
= $978
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Word processing software
All companies must be truthful in their advertising and not make false claims. You have likely heard or read such claims. For example, questionable claims often come from companies that make diet pills or beauty products. Or, perhaps you or someone you know have received a fraudulent robocall.
The Federal Trade Commission (FTC) operates the Bureau of Consumer Protection to enforce fair and truthful business practices, and to investigate complaints about those that are unfair, deceptive, or fraudulent.
In this activity, you will research ads from at least three companies and determine if they appear to be truthful or deceptive. You will also include an example of a robocall. Follow these steps to complete this activity. You will create a report and a chart in Word based on the directions below.
Step 1:
View or listen to ads for products or services online, on your phone, or on television.
Take notes on at least three ads (especially those that appear potentially suspicious to you) and list the following:
Name of the company and its product or service
Stated claim about the product or service
Your assessment of the truth or falsehood of the ad
Step 2:
Write a brief report in Word, including the following details:
Explain how and where you gathered your info (online, etc.)
Describe a robocall you or someone you know has received and explain how it was identified as a robocall
Step 3:
Add a chart following your report:
Include four columns with headings: Name of Company, Product/Service, Claim, True/False
Include at least four rows: one for column headers, and three for at least three ads
Input your information from your research notes
Explain why you believe or question the validity of the claim
The L'Oreal Revitalift ad is false because the claim that it reduces wrinkles and firms skin in just one week seems unrealistic and unlikely to be true.
On the other hand, I believe that the Noom ad is true because the claim that you can lose weight without giving up the foods you love is consistent with their program, which focuses on calorie counting and moderation rather than deprivation.
Finally, I believe that the Luminess Airbrush Makeup ad is false because the claim that the makeup is flawless, natural-looking, and lasts all day and night seems exaggerated and unlikely to be true in real-life scenarios.
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For this question you need to read the document “Media Monitoring – What is it all about?”, found in “Additional Resources/Supplementary Portfolio”. Then, using the information provided in the article as a means of inspiration and guidance, consider the following scenario:
As a public relations consultant for McDonald's, you are tasked with developing and
implementing a media monitoring campaign to evaluate the success of the new Shisha Nyama burger that is being launched for South African consumers. In an essay
about 2-3 pages,
discuss the following:
The mission, vision, and objectives of the media campaign. (10)
The media platforms that will be used to monitor the campaign, as well as the
advantages and disadvantages of using these media platforms for monitoring purposes.
(15)
Your operational plan for monitoring the campaign – Basically, how will you go about monitoring the media campaign, and what do you consider as important aspects to monitor for determining whether or not the new burger flavour is a success. (15)
Ryan is preparing his business plan for his new business venture. He wants to add the sales forecast in his short-term financial plan. How can he go about doing it? A. B. C. D. E. directly add a targeted sales figure to show the business as profitable exaggerate the sales figure to make it impressive show low sales to invite more help from investors research and analyze the sales of his competitors with the help of trade magazines and salespeople copy the sales figure of the competitors and highlight it
Answer:
D
Explanation:
D. Research and analyze the sales of his competitors with the help of trade magazines and salespeople.
Supervisory managers are mostly concerned with which type of planning?
Answer:
Operational
Explanation:
Supervisory managers oversee things like schedules, inventory, and employee tasks. Day to day planning. These are functions of operational planning.
Suppose the credit terms offered to your firm by its suppliers are 2/10, net 30 days. Your firm is not taking discounts, but is paying after 22 days instead of Day 30. You point out that the nominal cost of not taking the discount and paying on Day 30 is approximately 37%. But since your firm is neither taking discounts nor paying on the due date, what is the effective annual percentage cost (not the nominal cost) of its costly trade credit, using a 365-day year
Answer: 63.5%
Explanation:
Assuming 365 days, the effective annual percentage cost is;
= ( 1 + 2%/(100% - 2%) ) ^ ( 365 / (25 - 10 days) ) -1
= 1.634928727 - 1
= 0.6349
= 63.5%
Now that you’ve chosen your business and found your niche, you’re in need of some advice on the practical aspects of setting up the business. A reliable resource for business information is
Answer:
the Small Business Administration
Explanation:
. Calculating the net costs of checking accounts. Determine the annual net cost of these checking accounts: Monthly fee $4, check-processing fee of 20 cents, average of 23 checks written per month Annual interest of 2.5 percent paid if balance exceeds $750, $8 monthly fee if the account falls below the minimum balance, average monthly balance $815, account falls below $750 during 4 months
Answer:
A. Net annual cost= $103.2
B. Net annual cost= $6,816
Explanation:
Calculation forb the net costs of checking accounts
A. Net annual cost=[23 checks x 12 (months) x 0.20 + [4.00 x 12(mo's)]
Net annual cost=55.2+48
Net annual cost= $103.2
Therefore the Net annual cost will be $103.2
B.
First step is to calculate the Increase on Net annual cost increase
Net annual cost Increase=2.5% (750.00)
Net annual cost Increase = $18.75(12)
Net annual cost Increase= 225
Second step is to calculate the dollar amount per year if the account is within the minium balance
Fee =8(12)
Fee = 96 dollars a year
Now let calculate Net annual cost
Net annual cost= [12(815)-4 (750)]+36 fees
Net annual cost= (9,780 -3000)+36 fees
Net annual cost =6,780 + 36 fees
Net annual cost= $6,816
Therefore the Net annual cost will be $6,816
Oak Mart, a producer of solid oak tables, reports the following data from its first year of business.
Sales price per unit $ 320 per unit
Units produced this year 117,000 units
Units sold this year 117,000 units
Variable selling and administrative expenses $ 12 per unit
Fixed selling and administrative expenses $ 4,600,000 per year
Direct materials $ 40 per unit
Direct labor $ 62 per unit
Variable overhead $ 28 per unit
Fixed overhead $ 7,020,000 per year
Exercise 6-11 (Static) Part 1
1. Prepare the current year income statement using variable costing.
rev: 09_30_2021_QC_CDR-376
Prev
The current year's income is $9206000 by using mentioned information given in the question.
What is variable costing in accounting?Variable costing is a concept in managerial and cost accounting that excludes fixed manufacturing overhead from the product cost of production. In contrast to absorption costing, which allocates fixed manufacturing overhead to items produced.
Given
Sales price per unit $ 320 per unit
Units produced this year 117,000 units
Units sold this year 117,000 units
Variable selling and administrative expenses are $ 12 per unit
Fixed selling and administrative expenses of $ 4,600,000 per year
Direct materials are $ 40 per unit
Direct labor is $ 62 per unit
Variable overhead $ 28 per unit
Fixed overhead $ 7,020,000 per year
Required to calculate income statement using variable costing =?
The calculation for the income statement using variable costing is shown in the file attached given below.
A variable costing income statement deducts all variable expenses from revenue to arrive at a separately reported contribution margin, which is subsequently reduced from all fixed expenses to arrive at the period's net profit or loss. The company income is $9206000.
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What are laws???????/
Answer:
the system of rules which a particular country or community recognizes as regulating the actions of its members and which it may enforce by the imposition of penalties.
Explanation:
its facts
purchased goods of rs 40000 journal entries
The journal entry for Rs. 40, 000 purchases would include a debit to purchases and credit to cash or accounts payable.
How to enter the journal ?The Purchases account is debited because the business has acquired goods, which is an asset. The Accounts Payable account is credited because the business owes money to the supplier for the goods.
Date Account title Debit Credit
XX -XXXX Purchases Rs. 40, 000
Accounts payable Rs. 40, 000
This journal entry will increase the balance of the Purchases account and the Accounts Payable account. The Purchases account will be used to track the cost of goods sold, and the Accounts Payable account will be used to track the amount of money owed to suppliers.
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Which of the following is true if you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels?
If you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels, the Marriott’s Best Rate Guarantee policy comes into effect.
Marriott’s Best Rate Guarantee policy is a commitment to providing the lowest rate possible. If you find a lower rate within 24 hours of booking through one of Marriott’s direct channels, Marriott will match that rate and offer an additional discount of 25%.
This policy applies to any Marriott brand including Ritz-Carlton, St. Regis, Westin, Sheraton, Aloft, and othersYou need to first book your reservation through Marriott’s direct channels like Marriott.com, the Marriott Mobile app, Marriott Bonvoy app, the Marriott Reservation Center, or directly with the hotel.
After that, you should look for lower rates on other third-party websites. If you find a lower rate within 24 hours, contact Marriott’s Customer Care team, and they will match that rate plus an additional discount of 25%.The policy does come with some terms and conditions.
The lower rate you find on the third-party website must be for the same hotel, same room type, same dates, same number of guests, same currency, and with the same booking conditions. It also excludes rates that are only available to members of certain groups or organizations, package rates that include flights, car rentals, and other amenities, and rates that are not available to the general public
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Tan Corporation issued $600,000,000 of 7% bonds on November 1, 2015, for $644,636,000. The bonds were dated November 1, 2015, and mature in 10 years, with interest payable each May 1 and November 1. The effective-interest rate is 6%. Prepare Tan’s December 31, 2015, adjusting entry. Use effective rate method of amortization
Answer:
Interest Expense $6,446,360
Interest Payable $7,000,000
Explanation:
Interest Expense for the year =
Issued amount * Effective interest rate * \(\frac{Remaining months in the year}{Total months in the year}\)
$644,636,000 * 0.06 * 2/12 = $6,446,360
Interest Payable =
Face Value of the bond * Interest rate * \(\frac{Remaining months in the year}{Total months in the year}\)
$600,000,000 * 0.07 * 2/12 = 7,000,000
2. What is accounting?
Answer:
aare you askin the meaning?
Explanation:
Answer:
accounting is the process of recording financial transactactions pertaining to a business. the accounting process includes summarizing, regulators, and tax collection entities.
Explanation:
i really hope this helped
if it did then can you pls mark me as brainliest
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pls and thank you!!
define return economics.
Answer:
also known as a financial return, in its simplest terms, is the money made or lost on an investment over some period of time. A return can be expressed nominally as the change in dollar value of an investment over time.
Explanation:
Suppose a less developed country is having difficulty making payments on its foreign debts. What option does this nation have?
Targ
It can ask its lenders for more loans in exchange for accepting a foreign portfolio investment from the World Bank.
It can ask its lenders to forego the payments until the economy of the debtor nation is stronger.
It can ask its lenders to forgive the loans in exchange for accepting temporary control by the lender nation.
It can ask its lenders for debt rescheduling in exchange for accepting a stabilization program from the IMF.
Answer:
it can ask its lenders for dept resceduling in exchange for accepting a stabilization program from the IMF
Explanation:
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