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3 years ago

Explain the role of producers and consumers in a free-enterprise economic system.

Business

1 answer:

max2010maxim [7]3 years ago

7 0

The producer MAKES the product, and sells it to retailers. The consumers buy the products from the retailers.

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Raphael Corp. incorrectly expensed a major addition to equipment when the company should have capitalized the expenditure. What

noname [10]

When Raphael Corp. incorrectly mentioned an expense of equipment addition instead of capitalizing the effect of the same, then in such case, the net income of the company is understated in the financial statements.

<h3>What is net income?</h3>

The income which is left at the end of an organization at the end of a financial period after making all the regulatory and compliant payments and deductions, such as taxes and depreciation, it is known as net income.

Hence, the significance of net income is aforementioned.

Learn more about net income here:

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7 0

2 years ago

You are analyzing two companies that manufacture electronic toys – Like Games Inc. and Our Play Inc. Like Games was launched eig

frosja888 [35]

Answer:

A LOW days of sales outstanding represents an efficient credit and collection policy. Between the two companies, Like Games is collecting cash from its customers faster than Our Play, but both companies are collecting their receivables less quickly that the industry average. (5.51 days)

Our Play’s fixed assets turnover ratio is lower than that of Like Games. This could be because Our Play is a relatively new company, so the acquisition cost of its fixed assets is higher than the recorded cost of Like Games’s net fixed assets.

Like Games’s total assets turnover ratio is 1.05x, which is lower than the industry’s average total assets turnover ratio. In general, a higher total assets turnover ratio indicates greater efficiency.

Explanation:

DSO

Like Game 365 / (100,000 / 2,700) = 9.855

Our Play 365 / (100,000 / 3,900) = 14.235

Average 365 / (255,000/3,850) = 5.510

Fixed assets turnover:

LG 100,000 /55,000 = 1.82

100,000 / 95,000 ) = 1.052

average 255,000 / 234,600 = 1.087

OP 80,000 /55,000 = 1.45

Avg 255,000 / 216,750 = 1.18

4 0

2 years ago

Madison Corporation reported taxable income of $400,000 in 20 X 3 and accrued federal income taxes of $136,000. Included in the

salantis [7]

Answer:

A. $424,000

Explanation:

current income = Taxable income - Federal tax + Depreciation disallowed + net capital loss carryover

= $400,000 - $136,000 + ($200,000 - $60,000) + $20,000

= $424000

Therefore, The corporation's current earnings and profits for 20X3 would be $424000.

8 0

2 years ago

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) A T-bill quote sheet h

VashaNatasha [74]

Answer:

1) B

2) A

3) D

Explanation:

1) Discount yield(%) = Face value - Purchase value/Face value X 360/Maturity ( in days) X 100%

Discount yield (quote) = 5.11; Face value = $10,000; Let Purchase value = x; Maturity = 90 days

(5.11)% = $(10,000 - x)/$10,000 X 360/90 X 100%

5.11 = 400(10,000 - x)/10,000

x = 4,000,000 - 51100/400 = 3,948,900 = $9,872.25

3) Face value = $10,000; Purchase value = $9,850; Maturity = 120 days

Investor's bond equivalent yield(%) = $(10,000 - 9,850)10,000 X 360/120 X 100%

= 45/10 = 4.5%

4 0

2 years ago

"recently, walmart asked that procter & gamble (p&g) link its computerized cash register scanning equipment and direct e

WINSTONCH [101]

Evaluating organizational buying criteria.

3 0

3 years ago