Explain how prices are determined in a free-market economy.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (17 reviews)
In a free market economy the prices of products and services are determined by supply and demand and ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0078034640
7th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
Question Posted:
Students also viewed these Economics questions
-
After watching the video on Cubas economy, discuss the following: 1. Can Cuba effectively become a free market economy? 2. Could the US benefit from lifting the embargo on Cuba? 3. What are Cubas...
-
Option prices are determined in part by volatility, and traders sometimes use the volatility estimates built into option prices to assess market conditions. The volatility estimate built into S&P 500...
-
Option prices are determined in part by volatility, and traders sometimes use the volatility estimates built into option prices to assess market conditions. The volatility estimate built into S&P 500...
-
Solve e x+yi = 7.
-
Draw all reasonable resonance structures for naphthalene (C10H8, Sec. 4.13) and rationalize the different bond lengths for the C-C bonds.
-
A county will invest $5,700,000 to clean up a chemical spill that occurred following a natural disaster. At the end of the 10-year planning horizon, an additional $1,300,000 will be spent in...
-
Q1 Why use information systems for collaboration?
-
McLean Company produces a product that requires two standard hours per unit at a standard hourly rate of $18 per hour. If 2,500 units required 5,500 hours at an hourly rate of $19 per hour, what is...
-
1. Under the general rule of revenue recognition, revenue is recognized when a marketability and market price are assured. b. a contractual agreement exists, and cash collection is assured. C./ all...
-
The information listed below refers to the employees of Brennan Company for the year ended December 31, 2013. The wages are separated into the quarters in which they were paid to the individual...
-
When describing the state of the U.S. economy, reports and commentators often refer to figures for the nationss GDP, its unemployment rate, and the CPI. Explain what each of these terms means and why...
-
Whats bank reconciliation? Is it important to reconcile books on the regular basis? What are the steps?
-
Calculate the wavelength of a photon needed to excite a transition between neighbouring energy levels of a harmonic oscillator of effective mass equal to that of an oxygen atom (15.9949 u) and force...
-
How do transnational organizations and agreements influence national sovereignty and political autonomy ?
-
How do individuals reconcile the tension between rational deliberation and emotional impulses when making consequential decisions amidst volatile environments, and to what extent does the phenomenon...
-
Watch the video clip below; https://www.youtube.com/watch?v=sE6Ox3ikCMU 1. Do you think that 'Rick and Morty' was a good choice? Justify your answer. 2. Do you think that this campaign will work for...
-
by the hypothesis that we want to do descriptive method, and quantative research in Tim hortons company, the question is A convincing closing statement, including that you'll develop your research...
-
Bottom of Form Why do you think ethics is important in healthcare management? What do you see as the biggest risks and temptations? How is your INTEGRITY a core principle in your professional ethical...
-
Cost of a Tangible Capital Asset} Mist City Car Wash purchased a new brushless car-washing machine for one of its bays. The machine cost \(\$ 32,300\). Mist City borrowed the purchase price from its...
-
Les has collected stamps in his spare time for years. He purchased many of his stamps at a price much lower than the current market value. Les recently lost his job as a carpenter. Since his wife...
-
General ledger balances on 31 December 2022 were: rent received $7150, interest received $3100, insurance $2580, equipment $17 000 and accumulated depreciation equipment $3000. The adjustments for...
-
Brecker Company leases an automobile with a fair value of $10,906 from Emporia Motors, Inc., on the following terms: 1. Non-cancelable term of 50 months. 2. Rental of $250 per month (at end of each...
-
Assume that on January 1, 2011, Kimberly-Clark Corp. signs a 10-year non-cancelable lease agreement to lease a storage building from Trevino Storage Company. The following information pertains to...
-
Krauss Leasing Company signs a lease agreement on January 1, 2011, to lease electronic equipment to Stewart Company. The term of the non-cancelable lease is 2 years, and payments are required at the...
-
Relate PSA (Public Securities Association) speed to the average life of a MBS. Describe the PSA measure and discuss which MBS would have the greater average life, one with a PSA of 100 or one with a...
-
Which of the following statement about swaps is least accurate? A. In a plain vanilla interest rate swap, the notional principal is swapped. B. The default problem [i.e. default risk] is the most...
-
7. How much would be in your savings account in nine years after depositing $340 today if the bank pays 9 percent per year? (Do not round intermediate calculations. Round your answer to 2 decimal...
Study smarter with the SolutionInn App