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jeyben
1 day ago
6

In 3-4 sentences describe how economic liberty helps water the "money tree" in a free enterprise.

Business
1 answer:
marusya05 [3.4K]1 day ago
6 0

Response:

It provides you with the capacity to determine the best approach for your business

Clarification:

Using the money tree analogy that Vic describes is a fantastic way to illustrate this. Consider your own enterprise (let's assume it's a store selling trees!).

What essentials are needed to launch and manage a business? A location for sales, workforce, products, infrastructure, etc., along with the capital to support these elements. All the business plans and frameworks you create for success will involve making economic choices. For those choices to be made freely, you require economic liberty, allowing for decisions unfettered by political, economic, or social constraints.

Picture yourself in a situation where only trees with red leaves are permitted for sale, or where your tree business faces significantly higher taxes compared to imported trees, or if employment regulations prevent employees from being near plants (potential allergy issues). Such conditions would severely hinder your business development, right?

This illustrates how economic freedom fosters the growth of your money tree; it grants you the ability to pursue what you perceive as advantageous for your business.

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Azure Inc. assigns $4,000,000 of its accounts receivables as collateral for a $3 million loan with a bank. The bank assesses a 3
Scilla [3549]
To record the transaction, initiate with a loan entry of $3 million: Debit Bank $3,000,000 and Credit Loan $3,000,000. Next, the finance charge at a rate of 3% totals $90,000: Debit Finance Charge $90,000 and Credit Bank $90,000. Finally, the interest at 7% accumulates to $70,000, leading to the entry: Debit Interest Expense $70,000 and Credit Interest Payable $70,000.
8 0
10 days ago
Chen Company's account balances at December 31, 2010 for Accounts Receivable and the Allowance for Doubtful Accounts are $320,00
Katen [3220]

Answer:

Explanation:

Accounts receivable of 320,000 debit

Allowance                    600 credit

Sales total 900,000

1% estimated uncollectible:

900,000 x 1% = 9,000

The necessary adjusting entry will be for 9,000

As the calculated allowance corresponds to the sales of this period, we anticipate that 9,000 will be uncollectible in the upcoming period. It’s essential to acknowledge the entire sum now; otherwise, in a future period, we will incur bad debt expense for this previous period.

Recognizing the full amount aligns with the sales period, accommodating for any future uncollectible amounts arising from these sales

7 0
17 days ago
ake’s Cabins is a small motel chain with locations near the national parks of Utah, Wyoming, and Montana. The chain has a total
arsen [3236]

Answer: 12750

Explanation:

According to the information provided, Jake’s Cabins is a modest motel chain located close to the national parks in Utah, Wyoming, and Montana, and the recorded data for guest nights in June is as follows:

4400, 3600, 2250, 2400, and 100.

To calculate the total guest nights for June, we will sum these amounts. This calculation results in:

= 4400 + 3600 + 2250 + 2400 + 100

= 12750

Thus, the total guest nights for June amount to 12750

3 0
9 days ago
Lagle Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 4.85 Direct labor $ 3
marusya05 [3428]

Answer:

The variable cost per unit sold amounts to $11.50

Explanation:

The computation for the variable cost per unit sold is provided below:

= Direct materials per unit + Direct labor per unit + Variable manufacturing overhead per unit + Sales commissions per unit +  Variable administrative expenses per unit

= $4.85 + $3.35 + $1.35 + $1.50 + $0.45

= $11.50

Simply put, we summed up the respective per unit costs attributable to variable expenses per unit

5 0
6 days ago
Suppose investors can earn a return of 2% per 6 months on a Treasury note with 6 months remaining until maturity. The face value
harina [3514]

Answer: Selling Price = $9803.92

Explanation:

Details:

A Treasury bill has a return of 2% every 6 months.

Time duration = 6 months

Return rate = 2% per 6 months

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Selling Price = $10,000 / (1 + 0.02)^{1}

The expected selling price for a 6-month Treasury bill is $9803.92.

5 0
1 month ago
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