In terms of reform strategies, what is your take of the "dual-track price system" as a strategy from plan to market, as opposed to the "big bang" approach adopted in the former Soviet Union? Institutions are said to be easy to topple but difficult to build. Do you agree or disagree?
Answers
It takes time and effort to establish institutions that will survive the test of time and serve as a cornerstone for democratic governance. Hence, I agree with the statement that institutions are easy to topple but difficult to build.
In terms of reform strategies, the dual-track price system is a widely used strategy from a plan to a market, and in contrast to the "big bang" approach adopted in the former Soviet Union. The dual-track price system, also known as the two-price system, involves allowing the market to set prices while maintaining price control of some commodities that are considered essential to the citizens
.In other words, a dual-track pricing system establishes two sets of prices for a particular product, with one being the official, government-mandated price, while the other is the market-based price that fluctuates according to supply and demand. The dual-track pricing system is an approach that is widely employed in several countries and has been proven to be successful in China.
In terms of ease of implementation, the dual-track price system is a more gradual and less disruptive approach to reform. The dual-track price system provides the government time to adjust to the market-oriented economy and permits a transition period for the populace to familiarize themselves with the new economic system. The approach enables the government to mitigate the adverse consequences of rapid economic reform, such as inflation, that could arise from a sudden shift to a market-oriented economy.
Institutions are said to be easy to topple but difficult to build. I agree with this statement because it takes a lot of effort and resources to establish institutions such as democratic institutions, constitutional rule of law, and good governance. The downfall of the institutions, on the other hand, is much more accessible. The corruption of a single individual or group of individuals can undermine years of hard work, which is why institutions must be safeguarded.
The process of establishing and sustaining institutions is often challenging since it requires individuals with the proper training and skill sets. Moreover, the establishment of an institution requires a lot of resources, including funding, which must be secured by the government or other stakeholders.
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Related Questions
The owner of a bike shop would like to analyze the sales data to determine if the business is growing, declining, or remaining flat. The owner has the following data:
Sales Revenue Last Year =$125,000
Sales Revenue Current Year = $150, 000
What is the Sales Growth?
Do not forget to type the % symbol after multiplying your result by 100 to convert to percentage!
Hint: Your answer will NOT have decimal point.
Example: 75%
Answers
To calculate the sales growth, you can use the following formula:
(Sales Revenue Current Year - Sales Revenue Last Year) / Sales Revenue Last Year x 100%
Plugging in the numbers, we get:
($150,000 - $125,000) / $125,000 x 100% = 20%
Therefore, the sales growth is 20%.
Sales Growth = (Sales Revenue Current Year - Sales Revenue Last Year) / Sales Revenue Last Year × 100%
Sales Growth = ($150,000 - $125,000) / $125,000 × 100%
Sales Growth = $25,000 / $125,000 × 100%
Sales Growth = 0.2 × 100%
Sales Growth = 20%
Therefore, the Sales Growth is 20%.
it is a difference in that guides consumers in china to prefer cookies that are slightly sweeter and buyers in south america to prefer cookies that are much sweeter than in the united states. multiple choice question.
Answers
"Cultural difference" is a difference in that guides consumers in china to prefer cookies that are slightly sweeter and buyers in south America to prefer cookies that are much sweeter than in the united states.
The difference mentioned in the statement is a "cultural difference" that guides consumers in China and South America to prefer cookies with different levels of sweetness compared to consumers in the United States.
Culture can influence consumer preferences and behaviors, and different cultures can have different attitudes and expectations regarding the taste, texture, and flavor of food. Therefore, it is essential for food companies to consider cultural differences when developing products for global markets. In this case, the cultural differences are reflected in the preferred level of sweetness of cookies in different regions.
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Eliza Conner owns a small clothing boutique. Eliza uses her personal checking account for both business and personal needs. How would you convince Eliza that she should open a separate
bank account for her business?
Answers
Answer:
1. It will cause them confusion throughout the tax calculating process.
2. Using a single account will make it difficult to keep payroll records.
3. Keep track of your personal expenses and earnings.
Explanation:
1. It is preferable to establish a separate account to separate the firm's actual income and expenses.
2. Payroll expenses are indistinguishable from personal expenses.
3. This allows you to cross-check bank and hand-made documents for income and expenses. Because cash transactions may not be recorded in the bank account, the entrepreneur should preserve receipts in order to compute revenue and expenses, which may result in erroneous financial statements.
A company in Maine sends lobsters to France What is Maine doing? Select three options
Answers
Answer:
Following are the answer to this question:
Explanation:
Some information is missing in the question. So, the correct choices can be described as follows:
i) practicing international trade
ii) exporting products
iii) participating in globalization
Maine has been globally traded because its, company transfers it's own goods at international frontiers when a client gives lobster with France in Maine. It exports products as its goods are manufactured in one nation, in this scenario the USA, is one other country, France in this case.Finally, it participates in the process of globalization because the company operates internationally by selling its products.Answer:
B. practicing international trade
C. exporting products
D. participating in globalization
Explain the limitations of statistics
Answers
Operational data are commonly stored in many tables, and the stored data represents information about a given _____ only.
Answers
Your social media promotion can either narrowly target 50,000 users with an estimated click rate of 10% or broadly
target 250,000 users with an estimated click rate of 1%. Which will get more clicks?
Answers
Answer:
Narrow targeting
Explanation:
1% of 250,000 is 2,500
10% of 50,000 is 5,000
A social media promotion can either narrowly target 50,000 users with an estimated click rate of 10% or broadly target 250,000 users with an estimated click rate of 1%. The narrowly target is the best way.
What is social media?Social media is a term used to describe online communication. Social media systems enable users to have discussions, exchange information, and create content for the internet. Social media mostly used in the youth. The social media are to share the information quickly.
The social media promotion is the part of the marketing. The narrowly target is the specific niche of consumers is the target market on the right time to the right audience. The broadly target to the cover the large level of the audience. The narrowly target is the best option in the social media promotion.
The calculation are:
1% of 250,000 is 2,50010% of 50,000 is 5,000As a result, the significance of the social media are the aforementioned.
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Career Question Below
Answers
Answer:
I think A. sorry if I'm wrong
What two things should be included when summarizing?
1.Numbers
2.Main idea
3.Key points
4.Names
Answers
3. key points
Main idea and also Key points
At the end of the year, Phil's Pool and Spa has money in a retained earnings account. The amount in this account represents
Answers
At the end of the year, Phil's Pool and Spa has money in a retained earnings account. The amount in this account represents profits the company kept and reinvested in the firm's assets.
What is retained earning?After paying all direct and indirect costs, income taxes, and dividends to shareholders, a company's retained earnings are the amount of profit left over.
This is the portion of the company's equity that can be used to invest in new equipment, research and development, and marketing, for example.
Thus, the amount in this account represents profits the company kept and reinvested in the firm's assets.
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which of the following best completes the diagram? a. major credit card networks b. companies that handle the worldwide processing of credit card transactions c. companies that set the transaction terms for credit card companies d. all of the choices
Answers
major credit card and networks
For an ethics and compliance program to properly function, a.it is not necessary to set measurable program objectives. b.the company must wait until after misconduct occurs to develop a means of preventing it. c.consistent enforcement and disciplinary action are essential. d.employees must be monitored using any means necessary. e.the same program should be used in all countries of operation, regardless of cultural differences.
Answers
Consistent enforcement and disciplinary action are essential for an ethics and compliance program to function properly.
What is the importance of organizational ethics?A company's policies and codes of ethics serve as a guide for employee behavior, creating an environment focused on development, respect and collaboration.
Therefore, ethics must be coordinated, controlled and reviewed to be consistent with a positive organizational culture.
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A(n) ______ business is any firm that engages in cross-border trade or investment.
Answers
An international business is any firm that engages in cross-border trade or investment.
What is cross-border?
A cross border trade or investment is a trade or investment involving two or more countries where the parent company based in one country establishes another business in another country.
International businesses which are also known as the multinational companies transcends beyond one country since diversification of investments and trade is key to enhancing overall business performance
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· Hope's contribution to her RETIREMENT plan...
a. is a post-tax contribution on which she pays federal income taxes
b. is pre-tax and therefore not included in federal income taxes
c. Is a contribution to her Social Security
d. is taxed at a rate of 15%
Answers
Based on Hope's check, her contribution to her RETIREMENT plan b. is pre-tax and therefore not included in federal income taxes.
What does the check say?The check notes that Hope's retirement contribution is not included in her federal taxable income.
This means that the contribution is paid pre-tax and will not be liable for federal income taxes. She will most probably pay taxes on the retirement fund when she withdraws from it.
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8. boca enterprises will pay an annual dividend of $1.56 a share next year with future dividends increasing by 4.2 percent annually. what is the cost of common stock if the stock is currently selling for $48.10 a share?
Answers
The cost of common stock for Boca Enterprises is 7.52%, calculated as follows:
Dividend next year = $1.56
Growth rate = 4.2%
Current stock price = $48.10
Cost of common stock = (Dividend next year / Current stock price) + Growth rate
= ($1.56 / $48.10) + 4.2%
= 0.0324 + 0.042
= 0.0742 or 7.52%
Therefore, the cost of common stock for Boca Enterprises is 7.52%.
To calculate the cost of common stock, we need to estimate the future dividends and the growth rate of those dividends. In this case, we are told that the dividends will increase by 4.2% annually, so we can use that as the growth rate.
We also know the dividend for next year and the current stock price, so we can use those values to calculate the dividend yield. Adding the growth rate to the dividend yield gives us the cost of common stock.
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How does the Fed's adjustment of the Discount Rate affect
Mortgage loan rates?
Answers
The adjustment of the Federal Reserve's Discount Rate can indirectly affect mortgage loan rates.
The Federal Reserve's Discount Rate is the interest rate at which eligible financial institutions can borrow from the central bank. When the Fed raises or lowers the Discount Rate, it affects the cost of borrowing for financial institutions, which can have ripple effects on the broader economy.
Changes in the Discount Rate can indirectly influence mortgage loan rates through the following channels:
1. Impact on the overall interest rate environment: When the Fed adjusts the Discount Rate, it signals a change in monetary policy. This can lead to changes in market expectations for future interest rates. If the Discount Rate increases, it can signal tighter monetary policy and potentially result in higher mortgage rates. Conversely, if the Discount Rate decreases, it can signal looser monetary policy and potentially lead to lower mortgage rates. However, the relationship between the Discount Rate and mortgage rates is not one-to-one, as mortgage rates are influenced by various other factors.
2. Influence on long-term bond yields: The Discount Rate can impact long-term bond yields, such as the yield on the 10-year Treasury note. Mortgage rates are often tied to long-term bond yields, as they serve as benchmarks for pricing mortgage loans. Changes in long-term bond yields can affect mortgage rates in a similar direction.
3. Market sentiment and investor behavior: Changes in the Discount Rate can impact market sentiment and investor behavior. Positive or negative reactions to the Fed's monetary policy decisions can influence demand for mortgage-backed securities (MBS) in the secondary market. Changes in MBS demand can indirectly affect mortgage rates.
It's important to note that while the Discount Rate can influence mortgage rates, it is not the sole determinant. Mortgage rates are influenced by various factors, including economic conditions, inflation expectations, housing market conditions, credit risk, and lender profitability. Market forces and supply and demand dynamics also play a significant role in determining mortgage rates.
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What type of business sells to the end consumer
Answers
Answer:
business-to- consumer (B2C)
Explanation:
Commerce is a business model which typically involves the buying and selling of goods or products at a given price.
Generally, commerce comprises of four (4) business models and these are;
1. Business to Business (B2B).
2. Consumer to Consumer (C2C).
3. Business to Government (B2G).
4. Business to Consumer (B2C).
A Business to Consumer (B2C) can be defined as a market which typically involves businesses selling their goods and services directly to the end consumers for their personal use.
Hence, the type of business that sells to the end consumer is known as business-to- consumer (B2C).
Some examples of companies that engage in the Business to Consumer (B2C) business model are; Amazon, Goo-gle, Walmart, Alibaba, Uber, LinkedIn, etc.
1.1 Which statement best describes financial accounting …
A. Reports are prepared for managers and users inside the organisation
B. Provides a scorecard by which the past performance of a business is judged in
the form of financial statements which are used by stakeholders outside the
organisation
C. Conduct an official financial inspection of a company or its accounts
D. A and B only
E None of the above
Answers
Alltech Company maintains a separate accounts receivable account for each customer. On June 18, Alltech provides $6,300 of services on account to customer Anthony and $1,200 of services on account to customer Walker. How will these two transactions affect the control and subsidiary accounts?
Answers
Answer:
B. The control account, Accounts Receivable, will be increased with a debit of $8 300
Explanation:
According to the given situation, in total, the Alltech company makes sales of 2, one for $6,300, and the other for $2,000. The total of sales will be computed by adding both sales that are $6,300 + $2,000 = $8300 will therefore be booked and control and receivables will be boosted with a debit of $8,300.
Therefore, the correct answer is B.
Which of the following best describes intellectual property theft?
A. Stealing money from a cash register
a
B. Stealing ideas, information, or creative products
C. Stealing supplies from your employer
D. Stealing music CDs from a store
Answers
Answer:
stealing ideas,information, or creative products
Explanation:
Answer:
B. Stealing ideas, information, or creative products
Explanation:
In 2018 was(were) the least significant real asset(s) of U.S. nonfinancial businesses in terms of total value.
O inventory
O real estate
O trade credit
O equipment and software
O marketoble securities
Answers
Option (a), The least significant real asset of U.S. nonfinancial businesses in terms of total value in 2018 was inventory.
What are real assets?Real assets are property or investments in assets such as property, infrastructure, or commodities that provide long-term economic benefit. Real assets may include tangible products like land and machinery or intangible assets like patents and copyrights.
What are non-financial businesses?Non-financial businesses are companies or businesses that do not deal with finance or monetary affairs. A non-financial corporation is a company that is not in the financial sector and whose assets are mainly tangible goods. This is the detailed answer.
As per the question, inventory was the least significant real asset of U.S. nonfinancial businesses in terms of total value in 2018. Hence, the correct option is O inventory.
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Is wanting to increase sales over the next year a good objective if (no/yes) write why
Answers
Answer:
Yes because some family's are not doing very good in money so they should be able to afford more items
But also no at the same time because if you have more sales more of your stuff will be out of stock.
Explanation:
13. Olive Baker has a paycheck for $173,45 and a refund check for $3. She
would like to receive $25 in cash and deposit the remaining amount.
What is her total deposit?
Answers
Answer:
$151.45
Explanation:
Olive had two checks; the total for the two checks is
=$173,45 + $3
=$176.45
Olive wishes to have $25 in cash, net deposits
= $176.45 - $25
=$151.45
Why is it important for o evaluate your advertising campaign when it is complete?
Answers
Answer:
A well-documented evaluation of your campaign builds credibility and respect. It helps determine if your ads are hitting the target audience, and what are their opinions and feedback on it.
Explanation:
The evaluation of your advertisement campaign helps in enhancing transparency and the report showcases the achievements you have attained during this and also helps showcase the entire campaign to every key stakeholder. It helps in building trust across the various departments in the company and enables them to measure the strengths and weaknesses of the campaign, in order to adjust for future campaign drives.
Carol garcia deposited $22,000 in an account paying interest of 15% compounded annually. what amount will be in the account at the end of 13 years?
Answers
At the end of 13 years, Carol Garcia's account will have approximately $119,219.50.
To find the amount in the account at the end of 13 years, we'll use the formula for compound interest, which is:
A = P(1 + r/n)^(nt)
Where:
A = the future value of the investment/loan
P = the initial deposit (the principal)
r = the annual interest rate (decimal)
n = the number of times that interest is compounded per year
t = the number of years the money is invested or borrowed for
In Carol Garcia's case, we have:
P = $22,000 (the initial deposit)
r = 0.15 (15% annual interest rate as a decimal)
n = 1 (compounded annually, so interest is compounded once a year)
t = 13 years
Now, let's plug these values into the formula:
A = 22,000(1 + 0.15/1)^(1*13)
A = 22,000(1 + 0.15)^(13)
A = 22,000(1.15)^(13)
Next, we'll calculate the expression within the parentheses:
1.15^(13) ≈ 5.4191
Now, multiply this value by the initial deposit:
A = 22,000 * 5.4191 ≈ 119,219.50
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A password that contains full sentences or lines from a favorite movie or book is called a
•catchphrase
•moviebook
•passbook
•passphase
Answers
Answer:
passphrase is the correct answer
Answer: passphrase
Explanation:
I did the exam
For my personal finance class
Which of the following is an example of the paradox of value?
a. You might choose an inflatable raft over a luxury car if you are adrift at sea
b. You might choose a diamond over a bottle of water if you really love dressing up
c. You might choose a hamburger over a veggie burger at a fast-food restaurant
d. You might choose a pair of socks over a hat if you are feeling cold
Answers
Answer:
b because diamonds dressing up
The balance in the prepaid rent account before adjustment at the end of the year is $13,248, which represents four months' rent paid on December 1. The adjusting entry. required on December 31 is
a. debit Rent Expenie, $9,936, credit Trepaid Rent, $3,312
b. debit Rent Expenso, 93,312, crodit Prepaid Rent, $3,312
c. debit Prepaid Rent, $3,312, cretit Rent Hapesse, $3,312
d. debit Prepaid Renc, $9.936, creda Reat Lxpense, $3,312
Answers
The monthly rent is debited to rent expense on December 31:Debit = 13,248 × 3 months = 39,744 (Rent for 3 months)Credit = prepaid rent account balance before adjustment = 13,248 Adjusting Entry: Debit Prepaid Rent, 9,936, Credit Rent Expense, 3,312.
The answer to the given question is option "D. Debit Prepaid Rent, 9,936, Credit Rent Expense, 3,312".
Prepaid rent is considered an asset account, and it contains the amount that a company has paid in advance for rent but has not yet consumed.
Prepaid rent account shows the amount of rent paid in advance, but the company has not received the rent benefits.
Prepaid rent account is debited when rent is paid in advance; and, when the rent is consumed, it is credited.
The adjusting entry required on December 31, with a prepaid rent account balance of 13,248, representing four months' rent paid on December 1 will be
Total rent paid for four months is 4 × 13,248 = 52,992 (Amount paid for 4 months' rent).
The monthly rent is 52,992 / 4 = 13,248.
The monthly rent is debited to rent expense on December 31:Debit = 13,248 × 3 months = 39,744 (Rent for 3 months)Credit = prepaid rent account balance before adjustment = 13,248Adjusting Entry: Debit Prepaid Rent, 9,936, Credit Rent Expense, 3,312.
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What is the best animal?
Answers
Answer: The answer is Dogs
Explanation: Dogs are the best animal because They're not just popular- historically, the symbiotic relationship between dogs and people helped both species survive.
in a market where government has set the maximum price below the equilibrium price, one might expect:
Answers
The consequences of a government-imposed maximum price below the equilibrium price can include shortages, the emergence of non-price mechanisms, and potential long-term supply reductions.
When the government sets a maximum price below the equilibrium price, it creates a situation known as a price ceiling. This intervention is typically done to protect consumers by making goods or services more affordable. However, there are several potential outcomes that can be expected in such a market.
Firstly, the quantity demanded by consumers is likely to exceed the quantity supplied by producers. This leads to a shortage of the product in the market. Since the price is artificially low, there is a higher demand for the product than what suppliers are willing or able to provide.
Secondly, the shortage can result in non-price mechanisms emerging, such as rationing or black markets. Consumers may have to wait in line or resort to paying higher prices in the unofficial market to obtain the product.
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