A ________ is comparable to a monopoly in the sense that an organization, in this case the government, has explicit control over the price and supply of a good or service.
A. socialist economy
B. command economy
C. mixed economy
D. market economy
Answer: B
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Consider a random experiment of rolling 2 dice. The sample space for rolling two dice is shown. Let S be the set of all ordered pairs listed in the figure. What is probability of rolling a sum larger than 10?
Jans Inc. acquired all of the outstanding common stock of Tysk Corp. on January 1, 2016, for $372,000. Equipment with a ten-year life was undervalued on Tysk's financial records by $46,000. Tysk also owned an unrecorded customer list with an assessed fair value of $67,000 and an estimated remaining life of five years.Tysk earned reported net income of $180,000 in 2016 and $216,000 in 2017. Dividends of $70,000 were paid in each of these two years. Selected account balances as of December 31, 2018, for the two companies follow. JansTyskRevenues$1,080,000 $840,000 Expenses 480,000 600,000 Investment income Not given 0 Retained earnings, 1/1/18 840,000 600,000 Dividends paid 132,000 70,000 ?If the equity method had been applied, what would be the Investment in Tysk
Corp. account balance within the records of Jans at the end of 2018? A. $372,000. B. $612,100. C. $744,000. D. $844,150. E. $774,150.
A product mix refers to
A. the entire product category or industry. B. a specific product SKU that has a unique brand, size, or price. C. all of the different product lines offered by an organization. D. a group of products that are closely related because they satisfy a class of needs, are used together, are sold to the same customer group, are distributed through the same types of outlets, or fall within a given price range. E. the variations within a product class.