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:
D. $65 million
Explanation:
The computation of the end of year balance for accounts receivable is shown below:
Cash flows from operating activities $226
net income $150
Add: depreciation $85
Less: increase in inventory -$14
Add: increase in wages and taxes $15
Add: increase in account payable $10
Total $246
Change in account receivable -$20
Opening account receivable $45
Ending account receivable $65
Answer:
#1 Outsourced workers
Explanation:
Outsourced workers are not employees of Handy's Shamrock organization. They are workers who have been contracted by Handy Shamrock to carry out specific functions.
In most cases, outsources workers are employed by a company that specializes in certain tasks. For example, Handy Shamrock may need cleaning workers. Instead of hiring cleaners, they may contract a cleaning company to do the job for them. The cleaning company workers that will be cleaning at Handy Shamrock will be outsourced workers.
Answer:
b. 9.75%
Explanation:
When a partner invests in a business, he/she expects to get return on his equity in the business. The major reason for this is to compare his/her return in the partnership business with the return he/she could get elsewhere.
The return on partner equity is calculated by dividing his/her net income from the partnership business by his/her average capital for the period.
The formula is given below:
<u> Net income </u> x 100
Average capital
Average capital = <u>Opening capital balance + Closing capital balance</u>
2
For Carter Pearson, the average capital is =<u> $55,500 + $62,500</u>
2
= $59,000
The return on equity will be: <u>$5,750 </u> x 100
$59,000
= 9.7457
= 9.75% - approximate to two decimal point.
Answer:
The correct answer is letter "B": journal to the ledger.
Explanation:
The activity in which accountants transfer information from the journals to the general ledger is called posting. By posting, only the balances are transferred to the general ledger, not individual transactions. There are no set intervals in which postings should be made. It depends on how often the activities of the company requests it.
