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When countries sell off state-owned enterprises and privatize them, it usually results in a(n)A. continuing drain on future natu

babymother [125]

Answer:

C. increase in modernization by new investors.

Explanation:

Privatization is the transfer of ownership of property or business owned by government to a private entity.

Privatization generates capital to be invested in strategic areas and help to reduce the continuing drain on future natural resources. The new private investors causes economic growth by modernizing the acquired property or business from the government.

5 0

3 years ago

Dairy Wishes, a local ice cream store, finds

iragen [17]

Answer:

d. perfectly elastic.

Explanation:

Demand is perfectly elastic if it at the current price, the product is sold out but if there is a change in price demand falls to zero. the demand curve is horizontal

Demand in perfectly inelastic if there is no change in quantity demanded regardless of the change in price.

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.

8 0

3 years ago

On June 30, 2018, Baird Company’s total current assets were $502,000 and its total current liabilities were $274,000. On July 1,

amm1812

Answer:

Before issuing the note

Current ratio

= Current assets

Current liabilities

= $502,000

$274,000

= 1.83: 1

After issuing the note

Current ratio

= $538,400

$274,000

= 1.96:1

Explanation:

Current ratio is the ratio of current assets to current liabilities. Before issuing the note, current assets amounted to $502,000 while current liabilities were $274,000. After issuing the note, current assets increased to $538,400 as a result of $39,400 received on note issue. This increases the current ratio from 1.83 to 1.96.

7 0

3 years ago

After the accountant of Stallone Retailers had prepared the financial statements for the year ended 31 December Year 6, the fol

n200080 [17]

The adjusted profit of Stallone Retailers for the year ended December 31, Year 6 is £115,400.

Data Analysis:

1. Motor Van £8,000 Motor running expense £8,000

Depreciation expense £1,600 Accumulated depreciation £1,600 ( £8,000 x 20%)

2. Cost of goods sold £3,000 Inventory £3,000

3. Drawings £4,000 Inventory £4,000

4. Loan £2,200 Cash £2,200

Adjustment of Profit

Profit before the errors £112,000

Adjustments:

Motor running expense £8,000

Depreciation expense (£1,600)

Cost of goods sold (£3,000)

Adjusted profit £115,400

Thus, the adjusted profit is now £115,400.

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4 0

2 years ago

a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4.5% of total accounts receivable to es

solniwko [45]

Based on the information give the estimated balance of the allowance for doubtful accounts is $25,650.

a. Estimated allowance for doubtful accounts

Estimated allowance for doubtful accounts =$570,000×4.5%

Estimated allowance for doubtful accounts =$25,650

b. Adjusting journal entry

Dec 31

Debit Bad debt expense $13,650

($25,650-$12,000)

Credit Allowance for doubtful accounts $13,650

(To record bad debts expense)

c. Adjusting journal entry

Dec 31

Debit Bad debt expense $26,650

($25,650+$1,000)

Credit Allowance for doubtful accounts $26,650

(To record bad debts expense )

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7 0

3 years ago