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DaniilM [7]
3 years ago
12

What can the government of a relatively poor country do to promote economic prosperity? check all that apply. encourage transmis

sion of knowledge by removing patents and copyrights. encourage its officials to facilitate business operations and encourage investment by accepting bribes. promote free trade by reducing or removing tariffs on imports from foreign countries. establish and enforce strong property rights?
Business
2 answers:
aksik [14]3 years ago
8 0

I believe the answer is:

- Establish and enforce strong property rights.

(this would encourage people to establish businesses and generate wealth for the country)

- Promote free trade by reducing or removing tariffs on imports from foreign countries.

( this would make other country become interested to make an investment to their country)

- Give inventors and authors exclusive, temporary rights to market and sell their creations.

(to encourage innovations that might be sold to other countries in order to obtain net GDP)

- Minimize corruption among government officials.

( so the money can be properly allocated for government welfares to help the citizens)

scoray [572]3 years ago
4 0
The only answer that seems to make sense is to reduce tariffs on imports but this only makes sense if it doesn't adversely affect local producers ie that it is on items which are not locally produced so as  not to compete with the former items but to encourage cheaper goods for sale to assist consumers. 
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2. Chico Co. sold $4 million of 10-year bonds on December 31, 2015, with interest payable June 30 and December 31 at an annual r
Aleonysh [2.5K]

Answer:

The requirement of the question is provided below:

a.  What were the proceeds received by Chico upon the sale of the bonds?  

b.  Prepare the entry made by Chico to record the sale of the bonds on December 31, 2015.

The proceeds from the issue is $4,498,488.41

The entries are:

Dr Cash                     $4,498,488.41

Cr Bonds payable                              $4,000,000

Cr Premium on bonds payable           $498,488.41

Explanation:

The first task here is to determine the proceeds from the issue, which can be done using the present value formula in excel.

=pv(rate,nper,pmt,fv)

rate is the effective rate of 10% divided by 2,since coupon is paid twice a year.

nper is the time to maturity of 10 years multiplied by 2

pmt is the coupon payment paid twice a year, that is :12%/2*$4000,000=$240,000

fv is the value expected by investors upon redemption that is $4 million

=-pv(5%,20,240000,4000000)

pv=$4,498,488.41

5 0
3 years ago
Read 2 more answers
Patrick Corporation is authorized to issue 1,000,000 shares of $1 par value common stock. During 2014, the company has the follo
gavmur [86]

Answer:

cash   4,900,000 debit

   common stock              700,000 credit

   additional paid-in        4,200,000 credit

   in excess of Par-value

treasury stock:   360,000 debit

      cash                      360,000 credit

dividends     340,000 debit

   dividends payable        340,000 credit

Explanation:

cash proceeds: 700,000  x 7 = 4,900,000

common stock: 700,000  x 1  =    700,000

additional paid-in:  (difference)           4,200,00

treasury stock: 20,000 x 18 = 360,000

outstanding shares: 700,000 - 20,000 = 680,000

cash dividends: 680,000 x 0.50 = 340,000

6 0
3 years ago
Your manager wants you to evaluate the difference in cycle time between three different offices. Describe the steps you would ta
oksano4ka [1.4K]

Answer:

Cycle time is the shortest period taken to generate a portion of it. It is a time of repeatability. Going to measure order cycle assists in testing operating performance and solecism.

It recognises places in which it needs improvement and adjustment. When evaluating the processing time of 3 distinct headquarters, this will help in understanding the periods and identify areas where every office does not have a job, suggesting reactions to stay at correct margins of operations.

          Measuring operating cycle would include using such a kanban system to note down processes right from taking information from a consumer to the time required for the completed goods to be successful to the consumer. To calculate the period the loop is efficient. What will also be addressed is not whether nonworking times even including holidays will be factored.

The three offices' cycle period should enable the leader evaluate their success all around. Calculated and measured cycle period, the chief may recommend corrective steps and map out a strategy to take benefit of an office 's smaller cycles time relative to another, optimising income and-costs.

7 0
3 years ago
On January 1, 2011 Grace Company had an $13,000 balance in the Accounts Receivable account and a zero balance in the Allowance f
Lubov Fominskaja [6]

Answer:

The amount of uncollectible accounts expense recognized on the 2011 income statement is:

$6,600.

Explanation:

As the amount of uncollectible accounts are expressed as percentage of the total sales, then the amount is $6,600

  • Initial Balance  

Dr Accounts Receivable  $ 13.000  

During 2011, Grace provided $55,000 of service on account  

Dr Accounts Receivable  $ 55.000  

Cr SALES $ 55.000  

  • The company collected $48,100 cash from account receivable.  

Dr CASH $ 48.100  

Cr Accounts Receivable  $ 48.100  

  • Uncollectible accounts are estimated to be 12% of sales on account  

Dr Bad Debt Expense $ 6.600  

Cr Allowance for Uncollectible Accounts $ 6.600  

If the company applies the allowance method, it means that the account Allowance for Uncollectible Accounts must show as balance the % of accounts receivables as CREDIT.

Bad accounts are those credits granted by the company and there is no possibility of being charged.

"When customers buy products on credits but the company cannot collect the debt, then it's necessary  to cancel the unpaid invoice as uncollectible."

One way is to directly cancel bad debts at the time it was decided that the credit is bad, the total amount reported as bad debt expenses negatively affect the income statement and the accounts receivable are reduced by the same amount, less assets

The other way is to determine a percentage of the total amount of accounts receivable as bad debts, there are many ways to analyze accounts receivable and calculate the value of bad debts.

When the company has the percentage of uncollectible accounts, the required journal entry is Bad Expenses (debit) with Reserve for Bad Accounts (credit)

At the time of cancellation, since the expenses were recognized before, we only use the Allowance for Uncollectible Accounts (Debit)  with accounts receivable (credit), with this we are recognizing the bad credit of the company.

7 0
3 years ago
In a survey of companies, it was found that 45 were in the mining sector, 72 were in
Diano4ka-milaya [45]

Answer:

0.288

0.308

Explanation:

Given :

Mining sector = 45

Financial sector = 72

IT sector = 32

Production sector = 101

Total number of companies :

(45 + 72 + 32 + 101) = 250

A.)

Probability that a randomly selected company is in the financial sector

Recall :

Probability = required outcome / Total possible outcomes

P(company = financial) = (number of companies in financial sector / total number of companies)

P(company = financial) = 72 / 250 = 0.288

B.)

Company is either a mining or IT company :

P(company = Mining or IT) = (number of mining + number of IT Companies) / total number of companies

P(company = Mining or IT) = (45 + 32) / 250 = 77 / 250 = 0.308

8 0
3 years ago
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