R&R Tax Service offers tax and consulting services to individuals and small businesses. Data for fees and costs of three types of tax returns follow. R&R provides services in the ratio of 5:3:2 (easy, moderate, business). Fixed costs total $18,000 for the tax season. Use this information to determine the (1) selling price per composite unit, (2) variable costs per composite unit, (3) break-even point in composite units, and (4) number of units of each product that will be sold at the break-even point.
Selling price per composite unit: $1,175.
Variable cost per composite unit: $575.
Break-even point in composite units: 30 units.
Break-even point in units Easy: 150, Moderate: 90, Business: 60.

Answers

Answer 1

The Tax Service offers tax and consulting services to individuals and small businesses:

selling price per composite unit is  $1,175variable costs per composite unit is $575 break-even point in composite units is $600number of units of each product that will be sold at the break-even point is  Easy - 150 units, Moderate - 90 units, Business - 60 units.

1) We will calculate the contribution margin and break-even point of composite units for this issue.

A composite unit is a combination of many goods produced by the same business. It is handled as a single unit and displays the sales mix and contribution margin of all goods.

2) Let's compute first for the fee charged for each type of return multiplied by its ratio in the sales mix.

Computed as follows:

Easy (5 x $50)  - $250

Moderate (3 x $125)  -  $375

Business (2 x $275)  -  $550

3) The sum will be the variable cost per composite unit.

Easy (5 x $30) - $150

Moderate (3 x $75) - $225

Business (2 x $100) - $200

Variable Cost per Composite Unit $575

4) Break-Even per Composite Unit= Fixed Cost / Contribution Margin per Composite Unit.

= 18000/600 = 30 units.

Let's prepare a contribution margin income statement (note that pretax income is $0 at break-even)

Contribution Margin

Easy (150 x $20) - $3,000

Moderate (90 x $50) - $4,500

Business (60 x $175) - $10,500

Total contribution margin - $18,000

Fixed costs - ($18,000)

Pretax Income - $0.

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Related Questions

What is an appraisal? Why is it usually included in the closing costs for buying a home?

Answers

The procedure through which a real estate evaluator attempts to discover the fair market value of a home is called a home appraisal. They are frequently used to calculate property taxes, appraisals are typically required in regions.

What is the closing cost?

Additional expenses and charges that must be paid at the end of a transaction in real estate that is not included in the property's purchase price is referred to as Closing cost.

A home appraisal is employed to determine a property's worth. Lenders impose these fees in exchange for approving your loan.

Prior to comparing a home to actually acquired properties in the local housing market, licensed real estate evaluators to look at its features and state.

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The measure of the total annual income received by residents of a nation is called _____.

Answers

Answer: Gross National Income

Explanation:In a bid to measure and track the wealth of a nation, various economic terms are employed in keeping track of income generated by a nation from time to time usually on an annual basis. The Gross Domestic Product defines the value of all goods and services produced in a nation within a year. Hence, Gross Domestic Product(GDP) is concerned goods and services of domestic nature. The Gross National product(GNI) encompasses a nation's GDP and foreign revenue earned by nationals of a country.

Answer: The answer is GROSS NATIONAL INCOME

Explanation: Gross National Income (GNI) is the cummulative amount earned by individuals and businesses of a nation.It is a measure of the total annual income received by reaidents of a nation.

GNI is an alternative to Gross domestic product (GDP) as it sums up all income earned by residents of a nation removing the net income from abroad.

1. Define the oscopy approach in PCS coding.
2. Code the following scenario dividing the codes appropriately into the mom and baby charts: 29-year-old female presents for delivery. This is her third pregnancy. She is at 39 weeks of gestation. This is a normal pregnancy. After a normal delivery, she gives birth to a single liveborn. The little boy is circumcised on the second day without incident. Both mom and baby are discharged in good health.
3. Code the following scenario dividing the codes appropriately into the mom and baby charts: 36-year-old female presents for delivery. This is her first pregnancy. She has had a normal pregnancy without incident. She is 37 weeks gestation. This is a twin pregnancy. Baby A is delivered vaginally with low forceps and Baby B by C section. Both babies are fine.
4. Code the following scenario: 40-year-old multigravida presents for vaginal delivery in week 41. No problems during delivery. Single liveborn.
5. Code the following scenario: 26-year-old primigravida presents in week 38. Second-degree perineum tear. Single liveborn.
6. Code the following scenario: Baby born via C-Section transferred to Children's Hospital for Myelomeningioma with hydrocephalus. Code for Children's hospital.

Answers

1. Oscopy approach: Surgical instrument insertion method - open or percutaneous. 2. Mom: Normal delivery. Baby: Liveborn, circumcision. 3. Mom: Vaginal delivery with low forceps. Baby A: Vaginal delivery. Baby B: C-section. 4. Vaginal delivery of single liveborn at week 41. 5. Vaginal delivery, second-degree perineum tear, single liveborn. 6. Children's Hospital: Transfer for C-section-born baby with myelomeningioma and hydrocephalus. Code accordingly.

1. The term "oscopy" in PCS coding refers to the approach used during a surgical procedure. It is used to describe the method by which a surgical instrument or device is inserted into the body. The approach can be classified as either "open" or "percutaneous." An open approach involves making a larger incision to access the target area directly, while a percutaneous approach involves inserting instruments through the skin using a minimally invasive technique. The choice of approach depends on the specific procedure and the surgeon's preference.

2. For the given scenario, dividing the codes appropriately into the mom and baby charts would involve assigning diagnosis and procedure codes for each individual. In the mom's chart, you would code for the normal delivery and any relevant procedures or conditions related to the mother. In the baby's chart, you would code for the liveborn status, circumcision, and any other relevant procedures or conditions related to the baby.

3. In this scenario, coding appropriately into the mom and baby charts would involve assigning diagnosis and procedure codes for each individual. In the mom's chart, you would code for the normal pregnancy, twin pregnancy, vaginal delivery with low forceps, and any relevant procedures or conditions related to the mother. In the baby's chart, you would code for the C-section delivery, twin status, and any relevant procedures or conditions related to the babies.

4. For this scenario, the coding would involve assigning diagnosis and procedure codes for the vaginal delivery of a single liveborn baby in week 41 of gestation. The specific codes would depend on any additional procedures or conditions that may be present during the delivery.

5. In this scenario, the coding would involve assigning diagnosis and procedure codes for the perineum tear and the vaginal delivery of a single liveborn baby in week 38 of gestation. The specific codes would depend on the severity of the tear and any additional procedures or conditions that may be present during the delivery.

6. For the scenario involving the baby's transfer to Children's Hospital for myelomeningioma with hydrocephalus, you would need to code the diagnosis and any relevant procedures or conditions associated with the baby's condition. The specific codes would depend on the details provided in the scenario and the coding system used (such as ICD-10-CM for diagnosis coding and/or CPT or HCPCS for procedure coding). The codes should accurately reflect the baby's diagnosis and the reason for the transfer to Children's Hospital.

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Question 7 of 10
When should a writer establish common ground before the bottom-line
statement?
A. When the reader may disagree with the bottom-line statement
B. When the document is minutes of a meeting
C. When the report does not have an executive summary
OD. When the details are arranged in order of importance

Answers

A. When the reader may disagree with the bottom-line statement
A. When the reader may disagree with the bottom-line statement

the magnitude of operating leverage for perkins corporation is 4.5 when sales are $100,000. if sales increase to $110,000, profits would be expected to increase by what percent? a. 4.5% b.14.5% c.45% d.10%

Answers

It would be anticipated that the profit would rise by 45%. The appropriate response to the given question is option (c).

What is Operating Leverage?

The percentage of a company's cost structure that is made up of fixed expenses as opposed to variable costs is measured by operating leverage. A corporation is said to have more operating leverage if its fixed expenses are higher than its variable costs.

Magnitude of operating leverage= 4.5

Old sales= $100000

New sales= $110000

Percentage increase in sales:

(New-old)/old = (110,000-100,000)/100,000

                       = 10%

Consequently, a percentage rise in profit might be anticipated:

sales percentage growth times the degree of operational leverage

                        = 10% * 4.5

                        = 45%

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Name the choreographic element that encourages dancers to rely on musical cues, visual connections, and emotional phrasing.

Answers

The choreographic element that encourages dancers to rely on musical cues, visual connections, and emotional phrasing includes the time, energy, and space

What is the meaning of Choreography?

In art, a choreography means the way in which an idea is expressed physically through dance. When developing this concept, the users usually relies on important principles of organization to ensure that the idea takes a clear, appropriate, and aesthetically pleasing form.

These are principles that comprises the basic ingredients for the dancers' movements and patterns and help the choreographer utilize space, express intention and the music, and organize the dancers.

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What's the importance of the formal and informal business sectors

Answers

Answer:

The informal sector represents a fundamental component of the economic structure of many developing countries.

Formal employment is government regulated, and workers are insured a wage and certain rights. Informal employment takes place in small, unregistered enterprises.

Explanation:

The process capability index is compared to a critical value to judge whether a process is capable. firms striving to achieve six-sigma performance use a critical value of

Answers

The process capability index is compared to a critical value to judge whether a process is capable. firms striving to achieve six-sigma performance use a critical value of 2.0.

The definition of process is the actions that take place while something is happening or being done. An example of a process is the steps someone takes to clean the kitchen. An example of a process is a series of action items determined by a government committee.

Process characteristics are process variables and parameters that have a causal relationship with the variations found in product characteristics. Examples include mold temperature, cycle time, pressure, flow rate, and mold speed. A “good process” is one that uses people effectively. second hand. It doesn't make sense to put all your effort into creating effective, efficient processes and making them usable and visible when no one is actually using them. Ensuring that process design makes a difference is one of the most important challenges in creating great processes.

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The data show the
number of railroad crossing accidents for the 50 states
of the United States for a specific year. Construct a
histogram, frequency polygon, and ogive for the data.
Comment on the skewness of the distribution. (The data
in this exercise will be used for Exercise 14 in this
section.)
Class limits Frequency
1–43 24
44–86 17
87–129 3
130–172 4
173–215 1
216–258 0
259–301 0
302–344 1

Answers

Answer:

I hope this helps

Explanation:

216-258 0

Do an online search on team members in the workplace. Identify several types of group members. From your experience, identify other types of group members not mentioned in your online search. In four or more paragraphs, illustrate how you, as facilitator, would deal with each type of member. You may use the types mentioned in your research as well as those you identified.

What other things would you do as facilitator to ensure the team ran smoothly and efficiently?

Answers

Explanation:

A Guide to Effective Facilitation.

...

A good facilitator will:

Develop a detailed agenda after discussion with organization leaders. ...

Use participants' names. ...

Call on people in the order in which they raise their hands. ...

Make eye contact. ...

Use the ground rules (mutually agreed upon meeting rules for participation) early on.

A competent moderator will:

Following a conversation with the organization's executives, create a thorough agenda.Identify participants by name.As people raise their hands, call on them in that order.Establish eye contact.Use the ground rules, which are shared participation guidelines for meetings, as soon as possible.

What is an online search?

Online search is the interactive process of looking for and obtaining information from online databases using a computer. With the introduction of quicker databases and smart terminals in the 1980s, interactive searches became feasible. On the other hand, automated batch searching was widely used in the 1960s and 1970s. The bulk of internet searches done now are done via search engines. Supplemental reference transactions are frequently conducted online.

Online search is the interactive process of looking for and obtaining information from online databases using a computer. With the introduction of quicker databases and smart terminals in the 1980s, interactive searches became feasible. On the other hand, automated batch searching was widely used in the 1960s and 1970s. Today, the bulk of queries are made via search engines.

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Which of the following courts have jurisdiction to review local bankruptcy claims?


Federal


Military


Local


State

Answers

Federal courts have jurisdiction to review local bankruptcy claims

Only federal courts have jurisdiction over cases concerning bankruptcy on a personal, business, or agricultural level. As a result, no bankruptcy case may be filed in a state court. People or businesses that are unable to pay their obligations have two options: they can file for bankruptcy and request a court-supervised liquidation of their assets, or they can restructure their finances and come up with a strategy to pay off their debts.

Federal courts can only consider things that are specifically permitted by the US Constitution or federal legislation since they only have limited jurisdiction. Only federal courts are qualified to interpret laws, determine their constitutionality, and apply them in particular circumstances.

They decide if a crime was committed and the severity of the punishment. They also provide a calm way for people to resolve personal conflicts that they are unable to resolve on their own. Some disputes or offenses are dealt with in state courts, while others are dealt with in federal courts.

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the best economic case one can make for an active industrial policy involves

Answers

The promotion of strategic industries and targeted government interventions to foster economic growth and competitiveness. Active industrial policy refers to government actions aimed at shaping and supporting specific industries or sectors within an economy.

The best economic case for an active industrial policy involves several key arguments:

Strategic Development: Active industrial policy allows governments to identify and prioritize sectors that have high growth potential or strategic importance for long-term economic development. By providing targeted support, such as funding for research and development, infrastructure development, or incentives for private investment, governments can foster the growth of these industries and enhance their global competitiveness.Market Failures: The case for active industrial policy rests on the recognition of market failures, such as externalities, information asymmetries, or coordination problems that may hinder private sector investments in certain industries. Government interventions can address these market failures by providing necessary resources, reducing risks, or creating a conducive environment for private sector participation.Job Creation and Productivity: Active industrial policy can be instrumental in creating employment opportunities and improving productivity. By focusing on sectors with high labor intensity or those that can generate positive spillover effects on other industries, governments can stimulate job growth, raise wages, and enhance overall productivity levels within the economy.Technological Upgrading and Innovation: Active industrial policy can drive technological upgrading and innovation by supporting research and development, fostering collaboration between academia and industry, and providing incentives for firms to invest in new technologies. This can lead to the development of cutting-edge industries, the creation of intellectual property, and the ability to compete in global markets with advanced products and services.

It is important to note that the effectiveness of active industrial policy depends on careful implementation, transparency, avoiding protectionism, and continuously assessing the impact of interventions to ensure they align with broader economic goals and promote sustainable development.

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If the real risk-free rate is 112 basis points, the maturity risk premium is 177 basis points and the one-year inflation premium is 263 basis points, what is the nominal risk-free rate

Answers

The nominal risk-free rate is 2.12%.

What is the nominal risk-free rate?The nominal risk-free rate is typically the current yield on a three-month Treasury note, minus the impact of inflation. The real risk-free rate is the return on a three-month Treasury bill less the effect of inflation.The risk-free rate determines the return an investor can expect from an investment over a defined time period. A risk-free rate is derived by deducting the current inflation rate from the total yield of the treasury bond that corresponds to the investment length.

To find the nominal risk-free rate:

Given -

Real risk-free Rate = 1.12%  Inflation Rate = 2.63% Nominal risk-free rate = (1+Real risk free Rate)1 + 1.12 = 2.12%

Therefore, the nominal risk-free rate is 2.12%.

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Answer: 2.12%

Explanation:

Vhich of the following is a function of a safety device?

A) Stopping the machine if any part of the body is accidently placed in the danger area

B) Requiring the worker to use both hands on machine controls which keeps them out of the danger area

C) Restraining or removing the operator's hands from the danger area

D) All of the above
——————————————
Any part of a machine which (BLANK) while in operation can cause a hazard.

A) Stops
B) Starts
C) Moves
D) Adjusts

Answers

it is D all of the above and C

Question 6 of 10
Which of the following skills do employers in any field expect their employees
to have?
A. Ability to use a cash register
B. Ability to lift at least 30 pounds
C. Ability to use word processing software
D. Ability to provide a healthy work environment
SUBMIT

Answers

Answer:

Ability to provide a healthy work environment

Explanation:

All the other answers comes with training and is dependant upon the role

after you analyzed demand, you took steps to make sure your business made sense financially. How will thinking on the margin help increase the chance of long-term success for your business, even if additional competition enters your community.

Answers

Answer:

Thinking on the margin will ensure that each pair of inserts produced is turning a profit. Once a profit is no longer being made on a pair of inserts, production must be cut back. Understanding these margins will also help me stay competitive in a market that is open to other producers. If additional producers enter the market, I know that I have the ability to lower prices or offer discounts while still maximizing profits.

Explanation:

The thinking of the margin that increase the chances of the long term success should be explained below.

Long term success:

If we think on the margin so we assure that each & every pair of inserts generated should be converted in a profit. Once a profit is no longer being made on a pair of inserts, so here the production should be cut back. Understanding these margins will also help for  stay competitive in a market.

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What kind of situation can cause unemployment through no fault of the worker?

A new product is advertised.
Sales are higher than expected.
A crisis forces businesses to close.
Production increases to meet demand.

Answers

A crisis forces businesses to close can cause unemployment through no fault of the worker.

night talking time. Everyone allowed!

Answers

Answer:

if u want talk to me here I am

how to find real interest rate with nominal and inflation

Answers

To find the real interest rate, you will need to have information about the nominal interest rate and the inflation rate. The real interest rate represents the rate of return on an investment or borrowing after adjusting for inflation. Here's how you can calculate it:

1. Determine the nominal interest rate: The nominal interest rate is the stated or advertised interest rate on a loan or investment without considering inflation. It is usually expressed as an annual percentage.

2. Determine the inflation rate: The inflation rate represents the percentage increase in the general price level over a specific period, usually a year. It can be obtained from government publications, economic reports, or financial websites.

3. Subtract the inflation rate from the nominal interest rate: To calculate the real interest rate, subtract the inflation rate from the nominal interest rate. The formula is:

  Real Interest Rate = Nominal Interest Rate - Inflation Rate

For example, if the nominal interest rate is 6% and the inflation rate is 2%, the calculation would be:

Real Interest Rate = 6% - 2% = 4%

So, in this example, the real interest rate would be 4%.

The real interest rate provides a more accurate measure of the purchasing power or value of an investment or loan. It helps adjust for the effects of inflation and allows for a better comparison of investment returns or borrowing costs over time.

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FIRST ANSWER WILL BE NAMED BRAINLIEST
Which action would effectively and appropriately address a budget deficit?
A. reduce income
B. reduce expenses
C. apply for bankruptcy
D. apply for new credit

Answers

Answer:

It is letter B

Explanation:

Reducing expenses would effectively and appropriately address a budget deficit. Thus option B is correct.

What is the budget?

A budget is a financial plan that projects future earnings and costs. A budget, put simply, forecasts future finances in addition to anticipated revenues and expenditures. Calculating the company's earnings and costs for a set period of time is the procedure for creating a budget.

Increasing tax rates while decreasing government expenditures are the two apparent ways to minimize a budget deficit. the reduction of government spending and/or the raising of taxes, which results in either a rise in the primary surplus or a decrease in the budget deficit. greater taxes and less funding by the government. If public spending is lower than tax receipts, a budget surplus results.

Therefore, option B is the correct option.

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How is a cryptocurrency exchange different from a cryptocurrency wallet?

Answers

Crypto exchanges are like online marketplaces where people can buy, sell, and trade crypto. A crypto wallet is a piece of software or hardware that can be used for storing, receiving, and sending crypto
A cryptocurrency exchange and a cryptocurrency wallet are two different types of services that are used for different purposes in the world of cryptocurrencies.

A cryptocurrency exchange is a platform that enables users to buy, sell, and trade various cryptocurrencies. It acts as an intermediary between buyers and sellers, facilitating transactions and maintaining the order book. Cryptocurrency exchanges typically charge fees for their services, which can vary depending on the exchange and the type of transaction.

On the other hand, a cryptocurrency wallet is a software application or a physical device that is used to store, send, and receive cryptocurrencies. A cryptocurrency wallet can store private keys, which are used to sign transactions and prove ownership of the cryptocurrencies stored in the wallet. Cryptocurrency wallets can be either hot (connected to the internet) or cold (offline), and they can have different levels of security features to protect the user's assets.

The study of the characteristics of human populations such as size, density, age, race, gender, and income is known as.

Answers

The study of the characteristics of human populations such as size, density, age, race, gender, and income is known as Standard of living.

What is standard of living?

Standard of living refers toincome, comfort, out put or goods, population, gender, race and necessities of certain classes in some areas or characteristics of quality of life in a place.

The standard of living is measured by Gross domestic product per capital. That is GDP divided by population.

Gross domestic product(GDP) is the total number of goods produced in a nation per year.

Therefore, The study of the characteristics of human populations such as size, density, age, race, gender, and income is known as Standard of living.

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F jackson collectibles, inc. has a safety stock of 35 units and the average weekly demand is 14 units, how many days can be covered if the shipment from the supplier is delayed ?

Answers

17.5 Days can be covered if the shipment from the supplier is delayed.

What Average Demand?

Average demand, which is calculated by dividing the total number of kilowatt-hours by the number of units of time in the interval, is the demand for the electrical system or any of its components throughout a specific period of time with a long length.

According to the information:

35 items make up Jackson Collectibles' safety supply.

However, 14 units are needed each week.

The amount of weeks they may survive on safety stock as a result is:

= Weekly demand / safety stock

= 35 / 14

= 2.5 weeks

These are in days:

= 2.5 * 7

= 17.5 days

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______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???

Answers

Answer : Monopolistic competition

Answer:

Monopolistic Competition

Explanation:

In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.

An accounts receivable manager processes 200 checks per day with an average process time of 15 working days. What is the average number of accounts receivable checks being processed in her office? What if through information technology she reduces the processing time from 15 days to 10 days to 5 days? What are the advantages and disadvantages of adopting this technology? Explain.

Answers

The average number will continue to decrease if the time required is shorter. Adopting technology also has some advantages and disadvantages.

To calculate the average number of accounts receivable checks being processed in the manager's office, we need to multiply the number of checks processed per day by the average process time, here's the steps:

200 checks/day x 15 days = 3,000 checks

If the processing time is reduced to 10 days, the average number of accounts receivable checks being processed in the manager's office would be:

200 checks/day x 10 days = 2,000 checks

And if the processing time is further reduced to 5 days, the average number of accounts receivable checks being processed in the manager's office would be:


200 checks/day x 5 days = 1,000 checks


The advantages of adopting information technology to reduce processing time are:

1. Increased efficiency: Information technology can automate many of the manual processes involved in accounts receivable management, reducing the time and effort required to process checks.

2. Improved accuracy: By automating processes, information technology can reduce the risk of errors and improve the accuracy of accounts receivable records.

3. Faster payment processing: With faster processing times, accounts receivable managers can process payments more quickly, reducing the time it takes to receive payments from customers.

The disadvantages to adopting information technology:

1. Cost: Implementing information technology can be expensive, especially for small businesses that may not have the resources to invest in new technology.

2. Training: Employees may need to be trained on how to use the new technology, which can take time and resources.

3. Security risks: Information technology can be vulnerable to security breaches, which can compromise sensitive financial information.

Overall, the benefits of adopting information technology for accounts receivable management can outweigh the disadvantages, but it's important to carefully consider the costs and risks involved before making a decision.

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Anthropoids differ from prosimians in that they:

Answers

All primates formerly identified as monkeys and apes are now classified as simians, anthropoids, or higher primates. Prosimians are not as good at seeing color as anthropoids.

What are Anthropoids?

The group of primates known as the simians, anthropoids, or higher primates includes all species formerly referred to as monkeys and apes.

More specifically, they are made up of the suborders Catarrhini, which includes the family Cercopithecidae and the superfamily Hominoidea, and the parvorders New World monkeys.

Prosimians' color vision is inferior to anthropoids.

The lemurs of Madagascar, the lorises, pottos, and tarsiers of Southeast Asia, as well as the African bush infants, are examples of prosimians.

Humans, apes, and monkeys are all anthropoid species.

Recent Middle Eocene finds from Myanmar and China suggest that anthropoid monkeys evolved in Asia rather than Africa as previously thought.

Therefore, prosimians are not as good at seeing color as anthropoids.

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In Free to Choose, Milton Friedman makes the case that capitalism, i.e. free markets combined with governments that follow The Do Nothing Policy produce prosperity and freedom. In lecture, production possibilities frontiers were used to show the mechanism by which capitalism produces wealth, i.e. specialization according to comparative advantage and exchange.

The history of the 20th century is replete with examples of countries that have followed just such a policy of free market capitalism and experienced large increases in total and per capita wealth plus created stable peaceful political societies characterized by respect for individual rights and maximizing personal freedom, e.g. Japan, Taiwan, Korea, Singapore, and, until the communist Chinese takeover, Hong Kong. In the 20th century, countries that were already prosperous and free that continued choosing capitalist systems became more prosperous, e.g. the United States, Western Europe, Canada, and Australia.

A key feature of free markets is a level playing field where the rules apply to everyone whether they are rich, poor, powerful, or connected. The level playing field is sometimes referred to as the Rule of Law (ROL).

The ROL according to the Oxford English Dictionary is "The authority and influence of law in society, esp. when viewed as a constraint on individual and institutional behaviour; (hence) the principle whereby all members of a society (including those in government) are considered equally subject to publicly disclosed legal codes and processes."

The ROL can break down in two ways. First, rulers and their entourage can be held above and not be subject to the law or, second, immunity from the law can be bought. In either case, the ROL does not exist or, alternatively, that society has a corruption problem.

A conundrum of the “capitalism produces prosperity and freedom” policy are countries that have capitalist economies but haven’t produced much prosperity and are frequently but not exclusively characterized by bouts of politically based violence and oppressive abusive dictatorships, e.g. most middle eastern countries, most of South and Central America, Mexico, India, Russia, and until the last 20 years communist China.

In The Mystery of Capital, Hernando DeSoto addresses this conundrum and points out that adopting capitalism is required but not sufficient to produce U.S. and western European levels of prosperity and freedom. DeSoto argues that adopting capitalism isn’t enough. Countries have to choose a capitalist economic system, have ROL, plus do something else.

According to Hernando DeSoto, why are many 3rd world countries not getting rich even though they have ostensibly capitalist free market economies?

What is the something else these countries are missing?

Read Chapter 7, "Deng Perfects Socialism" and Chapter 5 'The Shanghai Gang" in The Party by Richard MacGregor.

In what sense and to what degree does Communist China meet DeSoto's requirement for a capitalist economy that will use free markets to create and equitably distribute wealth.

Does Communist China have a capitalist free market economic system where there is ROL and no corruption?

Explain with examples from The Party.

Requirements:

Your submission should be no less than 1000 words. Short papers will be penalized. There is no maximum length.
Proper grammar and effective use of English counts.

Answers

1. According to DeSoto, 3rd world countries like South America, which have capitalist economies but are not getting rich due to political crises and dictatorships.

2. The author also argues that more efforts is needed than just adopting the capitalist regime, it is essential to develop the system through strategic actions that guarantee ROL, and economic growth measures.

3. China has a Communist party with capitalist characteristics, for example, with the opening of the Chinese market, which constituted a great and rapid development in the productive and industrial system of the country.

What is the capitalist system?

It is an economic system whose focus is an accumulation of wealth and profitability through private property and the means of production. It is based on the free market with less state intervention.

Therefore, the author argues in favor of capitalism and its positive characteristics for the economy, politics and society as a whole.

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You work on salary. Normally, you make $375.00 a week. This week you worked 52 hrs.
How much is your gross pay?

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Answer:

658

Explanation:

technological advances allow smaller companies to compete with larger companies. group of answer choices true false

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True, Technological advances allow smaller companies to compete with larger companies.

What is company?
A company is a legal entity created by a group of people to conduct and manage a business enterprise, whether it be commercial or industrial. Depending on the corporate law of its jurisdiction, a company may be set up in a variety of ways for tax and financial liability reasons. The type of business structure a company chooses, such as a partnership, sole proprietorship, or corporation, will typically depend on the industry it operates in. The ownership structure of the business is also indicated by these structures. Additionally, they can tell private from public companies. Both have different ownership arrangements, laws, and rules regarding financial reporting.

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john occasionally borrows the car of his friend, sophie. sophie has a personal auto policy with liability limits of 100/300/50. john also has a personal auto policy, and his liability limits 250/500/50. john had an accident while using sophie's car and was found to be legally liable for $300,000 in bodily injury liability for injuries suffered by one person. how much will be paid by each policy?

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The bodily injury liability maximum of $100,000 will be paid by Sophie's insurance company, and the remaining $200,000 ($300,000 - $100,000) will be paid by John's insurance company.

In this scenario, both John and Sophie have personal auto policies with liability limits. John was found to be legally liable for $300,000 in bodily injury liability for injuries suffered by one person while using Sophie's car. Since Sophie's car was involved in the accident, her policy will be the primary policy to respond to the claim. Her policy has liability limits of 100/300/50, which means that her insurance company will pay up to $100,000 per person and $300,000 per accident for bodily injury liability. Since John's liability limits are higher than Sophie's, his policy will act as an excess policy and cover the remaining amount of the claim.

Therefore, Sophie's insurance company will pay the maximum limit of $100,000 for bodily injury liability, and John's insurance company will pay the remaining $200,000 ($300,000 - $100,000).

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