<u>Answer:</u>
<em>They are: economic freedom, efficiency, equity, security, full employment, price stability, and growth.</em>
<u>Explanation:</u>
Americans always shared the same social and economic goals and which are as follows: <em>Economic freedom, efficiency, equity, security, full employment, price stability, and growth. </em>
In every economic system, entrepreneurs and managers bring together natural resources, labor, and technology to produce and distribute goods and services. But the way these different elements are organized and used also reflects a nation's political ideals and its culture.
Answer:
The multiple choices are:
A) Deduct the check amount from the book balance of cash.
B) Add the check amount to the book balance of cash.
C) Deduct the check amount from the bank balance.
D) Add the check amount to the bank balance
The correct option is c,deduct the check amount from the bank balance
Explanation:
The check of $712 was already deducted from the cash balance in the cash book when issued,in order to reflect in the bank balance too,it would be appropriate to deduct from the bank balance so as to have a like-for-like situation.
This implies that the accountant at Clanton industries would begin bank reconciliation with bank balance in order to arrive at cash balance not the other way round.
Answer: True
Explanation: Distributive fairness pertains to a customer's perception of the benefits he or she will received compared with the costs (inconvenience or loss) that resulted from a failed service.
While Procedural fairness requires that applicant received a fair and unbiased application process . it is the perceived fairness of the process used to resolve them.
It is true that in both distributive fairness and procedural fairness, the customer wants to be treated fairly.
Answer: 10.68%
Explanation:
The partner return on equity will be calculated by using the formula given as:
= (Partner Net income/Average Partner equity) × 100
The Partner’s Net income is $6250
Average partner equity = (Opening partner equity + Closing partner equity) × 100
= ($55,000 + $62,000) / 2
= $117,000 / 2
= $58500
The Partner return on equity will then be:
= 6250 / 58500 × 100.
= 10.68%
Answer:
$20,000
Explanation:
If the Rubber Division was dropped at the beginning of last year, the financial advantage (disadvantage) to the company for the year would have been: the segment's margin of $20,000
The president considering the elimination of this division is not advisable. As long as none of the allocated common corporate fixed costs could be avoided, If the Rubber Division was dropped at the beginning of last year, the financial disadvantage to the company for the year would have been it's contributed margin that went towards off-setting corporate fixed costs.
Furthermore, if this segment is closed, it would affect the Cork division because it would be reporting a lower net operating income of $90,000 as a result of bearing all the corporate costs alone.