Answer:
Communism.
Explanation:
<u>Communism</u> is a form of economic and social organization characterized by the common ownership of the means of production, distribution, and exchange. Hence, this expression "communism" can indicate to particular administrative groups, in its essence, communism signifies a philosophy of economic equity through the isolation of the individual property. The theories of communism, most famously signified by Karl Marx, core on the opinion that imbalance as well as experiencing the result of capitalism.
Answer: be able to honor its debt payment
Explanation:
The times interest earned (TIE) ratio is typically used to know the ability of a particular company to pay its debt based on the current income that the company has. It is gotten by dividing the earnings before interest and taxes by the total interest that is payable on the debt.
Since Company A has a TIE ratio of 3 and Company B has a TIE ratio of 1.2, then Company A is more likely to pay its debt than Company B.
Answer:
The correct answer is Final authorization of credit memos by personnel in the sales department could permit an employee defalcation scheme.
Explanation:
Having control of the credit notes is very important for the company, as if it were any other accounting document.
The credit note in accounting is the document that is made in order to cancel the invoices because the law establishes that the invoices made cannot be eliminated under any circumstance, so when an invoice has an error, this voucher is created for the value of the invoice in negative.
The realization of this proof of purchase must be in the hands of the sellers or the company that provides the service or markets a product: and will be addressed to the customer who requested return or changes of the invoice.
Answer:
Option (B) is correct.
Explanation:
Given that,
Marginal federal income tax rate = 30%
Sum of your marginal state and local tax rates = 5%
Yield on thirty-year U.S. Treasury bonds = 10%
Municipal bond has a yield:
= U.S Treasury bonds × (1 - tax)
= 10% × (1 - 30%)
= (10 ÷ 100) × [1 - (30 ÷ 100)]
= (10 ÷ 100) × (70 ÷ 100
)
= (1 ÷ 10) × (7 ÷ 10
)
= (7 ÷ 100)
= 7%
Answer:
$4,800
Explanation:
the company estimates that 0.6% of total sales will be bad credit, so to determine the amount of bad debts expenses debited at the end of the year: total sales x 0.6% = $800,000 x 0.6% = $4,800
When a company uses the percent of sales method to estimate bad debts, all we need to do is multiply the total amount of credit sales times the estimated percent. In this case, the company sells all its goods on credit, so credit sales = total sales