Which country is not an example of a command economy?Haiti
China
Vietnam
Cuba

Answers

Answer 1

Answer:

Answer:

Haiti

Explanation:

A command economy is one where the government controls economic productions. The government owns the factors of production. It is the government that determines what, when, and how much to produce. The government regulates prices, and there is no competition.

Some of the countries that have command economies include Belarus, North Korea, Cuba, Iran, Libya, China, and, Russia

Haiti has a free market economy. It is a developing economy that has many elements of a traditional economy.

Related Questions

The lower the __________, the less interest you will pay.a. credit limit. c. APR. b. incentive. d. grace period
Which is an example of an economic factor that affects the business environment
How can poor education facilities be improved
Choose the word that best completes this sentence. Per OSHA’s rules, employers in the construction industry must provide required personal protective equipment at ____________ to workers. (A) Increased price(B) Low cost(C) No cost(D) reduced price
If you had no credit history yet but wanted to establish one, describe what you could do in order to establish a credit history.

A trust deed can have a provision that allows future loans on the property to have priority. This would be called:

Answers

Answer:trusting, trustworthy

Explanation:

If you are late paying your bill, what is the impact on your annual fee?

Answers

The impact of late paying the bill is that the bill payment would likely to increase with the amount of interest.

What is bill?

A bill is defined as an invoice that is received from a supplier that specifies the amount due by the recipient. For trade payables, this is the primary source document.

If the recipient is not paid the amount of the bill or paid the bill after4 the expiration of due date of the bill, then the amount of bill increased from the date of bill up to the payment.

Therefore, the late payment of bill would increase the amount of interest.

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Answer:

It will most likely increase

Explanation:

Bonita Industries has estimated that total depreciation expense for the year ending December 31, 2018 will amount to $583000, and that 2018 year-end bonuses to employees will total $1290000. In Bonita's interim income statement for the six months ended June 30, 2018, what is the total amount of expense relating to these two items that should be reported?

Answers

Answer:

Total expenses 936,500

depreciation 291,500

wages expense 645,000

Explanation:

Assuming the depreciation are calculate base on straight line or that their output is lineal through the year:

It will be half of the depreciation for the year.

583,000 / 2 = 291,500 depreciation expense for six-month

For the year-end bonused It wll be the same ideal, we assume are earned equally during the year. So at half year half of the bonuses should be earned:

wages expense 1,290,000/2 = 645,000

Total expenses 936,500

Pappy Corporation received cash of $36,000 on September 1,2017 for one year's rent in advance and recorded the transaction with a credit to Unearned Rent December 31, 2017 adjusting entry isdebit Rent Revenue and credit Unearned Rent Revenue, $12,000.
debit Rent Revenue and credit Unearned Rent Revenue, $24,000.
debit Unearned Rent Revenue and credit Rent Revenue, $12,000.
debit Cash and credit Unearned Rent Revenue, $24,000

Answers

Answer:

debit Unearned Rent Revenue and credit Rent Revenue, $12,000.

Explanation:

Provided information we have,

Rent is received on 1 September 2017 for a period of 1 year on which it is accounted as Unearned Rent amounting $36,000.

Entry on that date would be

Cash A/c Dr. $36,000

To Unearned Rent $36,000

At the end of the year on 31 December 2017, we have period of current year lapsed = 1 September to 31 December = 4 months.

Thus rent income for the year = $36,000 $* (4)/(12)$ = $12,000

Therefore this rent of $12,000 will be recognized as rent income for the year 2017.

Entry will be

Unearned Rent A/c Dr. $12,000

To Rent Revenue $12,000

Final answer:

At the end of the year, Pappy Corporation should debit Unearned Rent Revenue and credit Rent Revenue by $12,000 as part of an adjusting entry to reflect 4 months of earned rent. The remainder stays in Unearned Rent until it's earned in the following year.

Explanation:

The transaction from September 1, 2017, where Pappy Corporation received cash of $36,000 for one full year's rent in advance, is recorded with a credit to Unearned Rent. The Unearned Rent is a liability account which shows that Pappy Corporation has an obligation to provide the rent space in the future. At the end of the year, December 31, 2017, an adjusting entry should be made to transfer a third of the rent payment ($12,000) from the Unearned Rent account to the Rent Revenue account as by this time four months of rent have been earned. Hence, the accurate adjusting entry is debit Unearned Rent Revenue and credit Rent Revenue, $12,000. The remaining $24,000 stays in the Unearned Rent account until it is earned in the following year.

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A place where people exchange goods and services is called a _____.competitor
market
value

Answers

Aplace where people exchange goods and sevices isa called a market.
An actual or place where forces of demandand supply operate, and where buyers and sellers interact totrade goods, services, or contracts or instruments, for money or barter. Marketsinclude mechanisms or means for, determining price of the traded item, communicatingthe price information, facilitating deals and transactions, anddistribution. The market for a particular item is made up of existing andpotential customers who need it and havethe ability and willingness to pay for it.

This answer to this question is Market.

Accepting bank credit cards represents one way to decrease: î© the expense of collecting accounts payable. î© the expense of collecting accounts receivable. î© capital expenditures. î© equity financing.

Answers

Accepting bank credit cards represents one way to decrease THE EXPENSE OF COLLECTING ACCOUNTS RECEIVABLE.

When a customer pays using a credit card, the seller is assured that the amount swiped will be paid by the bank regardless if the customer pays the bank the amount in full or in part.

Final answer:

Accepting bank credit cards can decrease the expense of collecting accounts receivable by simplifying transactions and reducing the resources a business has to allocate to debt collection. The use of credit cards, debit cards, and smart cards does not affect the overall money supply in the economy or significantly influence capital expenditures or equity financing.

Explanation:

Accepting bank credit cards can be a strategy to decrease the expense of collecting accounts receivable. Unlike accounts payable, which is money owed by a company, accounts receivable is money owed to the company. When customers purchase goods or services on credit, businesses generally need to undertake certain actions to collect the payments, which might include sending invoices, reminders, and sometimes employing collection agencies. If customers pay using their credit card, the bank or credit card company facilitates the transaction, reducing the resources that the business has to allocate for the collection of this debt.

Credit cards, debit cards, and smart cards are instruments that consumers use to simplify transactions, which subsequently facilitates easier cash flow for businesses. However, the use of these types of payment methods does not affect the overall money supply in the economy or significantly influence capital expenditures or equity financing.