Market economy is the economic system which private businesses can operate freely with minimal state control
Answer:
Benefits-received principle
Explanation:
This principle says that the people who benefit most from government assistance programs should be the one to pay for them. Regressive taxes represent a higher portion of money for low income families, with the idea that it is okay because the government provides more services for low income families.
Answer:
The balance sheet represents the total assets of the company and how they are funded, whether through equity or by debts.
Explanation:
Balanced sheet
A balance sheet is an annual report of finance that accounts at a particular time on the funds, debts or on equity of any corporation and lays the foundation of calculations for calculating return rates and determining its financial performance of the company.
The balance sheet represents the total assets of the company and how they are funded, whether through equity or by debts.
Answer: The matching principle
Explanation: Matching principle is a combination of accrual accounting and revenue recognition. It states that the expenses of a company must be recorded at the same accounting period in which they were incurred to earn such revenues.
In the given case, Apple is reporting the warranty expenses at the same time period in which the revenue from such expenses is recognized.
Hence we can conclude that the given case illustrates the matching principle.
Answer:
7%
Explanation:
In this question, we use the Rate formula which is shown in the spreadsheet.
The NPER represents the time period.
Given that,
Present value = 100 shares × $20 per share = $2,000
Future value = 100 shares × $30 per share = $3,000
PMT = 0
NPER = 6 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after solving this, the answer would be 7%
