Answer:
The answer is: A) the diffusion of economic power limits its potential abuse.
Explanation:
Ina market system, producers will be willing to offer what consumers are willing to pay. That means that consumers are "kings" if competition exists in a market. Consumers should be able to choose what product suits them best and satisfies their needs. A large number of suppliers guarantees more consumer satisfaction.
Problems start when competition starts to vanish and monopolies appear.
Answer:
External finance needed = $2,088
Explanation:
Note: See the attached excel file for the Calculation of ratios with respect to sales, Proforma Income Statement, Calculation of Retained Earnings and Equity, and Proforma Balance Sheet.
From the Proforma Balance Sheet in the attached excel file, we have:
Total Assets = $12,610
Total Liabilities = $10,448
Therefore, we have:
External finance needed = Total Assets - Total Liabilities = = $12,610 - $10,448 = $2,088
Answer:
A.57.9%
Explanation:
Return on Assets (ROA) measures how effective a business generates income from its total assets. It is calculated from the net income and total assets using the following formula;
Return on assets (ROA ) = Net income / Total assets
Net income = 275,000
Total assets = 475,000
ROA = 275,000 / 475,000
= 0.5789 or 57.9%
Answer:
207,000
Explanation:
Data provided
Sold units = 218,000
Ending inventory = 13,000
Opening units = 24,000
The computation of units during September is shown below:-
Number of units manufactured during the year = Sold units + Ending inventory - Opening units
= 218,000 + 13,000 - 24,000
= 231,000 - 24,000
= 207,000
Therefore for computing the number of units manufactured during the year we simply applied the above formula.
