Answer:
rent seeking company
Explanation:
Currently most large corporations operate as monopolies or oligopolies which gives them huge market power and they generally abuse of it.
Rent seeking happens when companies (usually very large companies) increase their profits without an increase in productivity.
Corporations seek higher rent usually through lobbyists that obtain political favors for them, e.g. lower taxes, grants, subsidies, or tariff protection.
Answer:
The adjustment to record bad debts for the period will be:
Debit Bad debt expense ($20,000 - $3,000) $17,000
Credit Allowance for doubtful accounts $17,000
<em>(Bad debt expense required)</em>
Explanation:
Bicylce Company adopts the aging of accounts receivable method. The aging of accounts receivable is a criterion for apportioning the balance in the accounts receivable into different buckets (aging), for example: Not due, 1 - 30 days, 30 - 60 days, over 60 days, based on historical information and assigning a credit loss percentage to each bucket.
Since the Allowance for Doubtful Accounts has a $3,000 credit, to calculate the required bad debt expense, we need to back out this amount from the amount that is deemed uncollectible, that is $20,000 - $3,000 = $17,000.
Answer:
C
Explanation:
Individuals provide labor for factor markets and buy goods in product markets.
Market Activity is performed as two cycles moving in opposite directions. In one direction, there is a flow of goods and services from individuals to businesses and back again. This concept is simplified in that as laborers, we go to work to make things or provide services that people want.
Answer:
A.
Explanation:
Guanxi is the system of social networks and influential relationships to establish trust which in turn facilitates business dealings.
Japanese youth display extremely positive attitudes toward Western goods, from popular music to Louis Vuitton haute couture and Nike sneakers.
To counter the influence of Mattel's Barbie and Ken dolls on Iranian values, Iran's ministry of educations marketed its own Dara and Sara dolls. Also, one toy seller explained that playing with Mattel's golden-haired, skimpily dressed Barbie may lead girls to grow up into women who reject Iranian values.
So, B, C, and D are true.
Therefore, the answer is option A.
Which career requires less education than an Auditor?
A) Accountant
B) Bookkeeper
C) Credit Analyst
D) Financial Manager
