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Alborosie
3 years ago
15

Public choice theory suggests that politicians will be most likely to favor redistribution of income from the rich to the poor.

unorganized taxpayers to well-organized interest groups. well-organized business groups to consumers. none of the above.
Business
2 answers:
Gwar [14]3 years ago
7 0

Answer:

well-organized business groups to consumers.

Explanation:

The Public Choice theory  was developed in the 1960s in the Chicago School of Economists and it basically critiqued the public bureaucratic model. Public administration is inefficient and ever growing, and it leaves citizens with no other choice than to accept the services that they offer (monopoly of the state).

It calls for larger participation of private firms and organizations in providing public choices (alternative services). Since bureaucracy is not subject to market forces, it becomes inefficient and unresponsive, even though the motivation of public servants should be to maximize society's well-being.

One of its main proposals was to advocate for private players to supply public goods in order to break state monopolies.  

Murrr4er [49]3 years ago
4 0

Answer:

The correct answer is unorganized taxpayers to well-organized interest groups.

Explanation:

Public choice theory seeks to study the problems of political science applied to economics. A positive public election means that the decisions of politicians face the needs of civil society. In the case of the example, it is easy to determine towards whom the work of people in political positions should be oriented, and it is by definition to unorganized communities with some type of unsatisfied basic need.

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On August 15, it sold 30 units. Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after
kirill [66]

Answer: $210

Explanation:

When using the First In First Out (FIFO) method of Inventory Valuation, the company sells the goods that it acquired earliest first and then sells the goods acquired later last.

This company sold 30 units on August 15.

That would mean that using FIFO, the company sold all of its August opening inventory of 15 units. It also sold all 10 units purchased on August 5th and then sold 5 units from the August 12th purchase of 20 units.

= 15 + 10 + 5

= 30 units

This means that the only units left are;

= 20 - 5

= 15 units of the August 12th purchase are left.

Units cost $14 each.

Value of Inventory after sale = 15 units * 14

= $210

6 0
3 years ago
Lotta Dough just won the state lottery and has elected to receive $50,000 per year for 20 years in the form of an annuity due. W
lidiya [134]

Answer:

PV= $529,700.71

Explanation:

Giving the following information:

Cash flow= $50,000

the number of years= 20

Interest rate= 7%

First, we need to calculate the future value of the cash flows. We will use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual pay

FV= {50,000*[(1.07^20)-1} / 0.07

FV= $2,049,774.62

Now, we can calculate the present value.

PV= FV/(1+i)^n

PV= 2,049,774.62/1.07^20

PV= $529,700.71

3 0
3 years ago
Novak Corp. redeemed $134,000 face value, 10% bonds on April 30, 2022, at 103. The carrying value of the bonds at the redemption
Fittoniya [83]

Answer:

bonds payable     134,000 debit

loss on redemption 17,018 debit

cash                                             138,020 credit

discount on bonds payabke        12,998 credit

Explanation:

<u><em>redemption disbursement:</em></u>

face value x redemption quote

134,000  x  103/100 = <em>138,020</em>

<u><em>carrying value:</em></u>            <u>121,002</u>

loss at redemption        17,018

We are using 138,020 cash(asset) to pay a liability for 121,002

<u>discount/premium on the bonds:</u>

face value         134,000

carrying value   <u>121,002</u>

discount:             12,998

In the journal entry we must write-off the bond payable and the discount. Then, declare the loss at redemption and the cash used.

3 0
3 years ago
The Sarbanes-Oxley Act of 2002 (SOX) imposes stricter requirements over financial reporting and internal controls and stricter c
mario62 [17]

Answer:

True or False. TRUE

Explanation:

The law "Sarbanes-Oxley Law" aims to generate a framework of transparency for the activities and financial reports of publicly traded companies, and give greater certainty and confidence to investors.

3 0
4 years ago
5. The process of production is complete
sleet_krkn [62]

The process of production is complete when retailers prepare goods for sale to consumers. Hence, Option C is correct.

<h3>What is the production process?</h3>

Capital, labour, technology, land, and other resources are considered factors of production because they are utilised to produce output, which includes commodities and services.

One of the most crucial procedures in manufacturing is production, which is essential to understanding what it means to be a manufacturer. Without this activity, there would be nothing produced that could be sold to buyers as finished goods.

Therefore, Option C is correct.

Learn more about production process from here:

brainly.com/question/29355290

#SPJ1

7 0
1 year ago
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