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Mademuasel [1]
3 years ago
7

Which one of the following is a claimed disadvantage of privatisation?

Business
1 answer:
Serga [27]3 years ago
8 0

Answer:

3. There will be less competition than when the industry was nationalized monopoly

Explanation:

Privatization transfers ownership of state-owned corporations or properties from the government to the private sector. The transfer is through the sale of government-held shares to another company or the general public.

Since state-owned enterprises are large corporations, privatization creates the possibility of forming private monopolies. The private monopolies are likely to dominate the market and stifle out the competition. They are also likely to increase prices as private business is profit-motivated, which is detrimental to consumers.

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Unearned revenue, which represents the company's obligation to honor gift cards previously issued to customers, totaled $6,800 a
Dimas [21]

The correct answer is that there were $51,700 work of gift cards redeemed during the year.

In order to determine the correct answer you need to start with the total balance of the unearned revenue account, which is $6,800. To the starting balance you need to add the amount of gift cards purchased throughout the year, which is $55,000. This total is $61,800. The last step is to subtract the ending balance of the unearned revenue from the total ($61,800 - 10,100), which equals $51,700. $51,700 is the amount of gift cards redeemed during the year.

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3 years ago
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Bas_tet [7]

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Budgeting tools provide notifications and reminders to help us keep track of our spending and savings.

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5 0
2 years ago
ABC Ltd. purchased a new 3-D printer for $500,000 at the beginning of year 1. Although this printer is expected to last for 10 y
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3 years ago
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Leviafan [203]

Answer:

Expense must be recognized in July

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