Answer:
The transfer of ownership, property or business from the government to the private sector is termed privatization. The government ceases to be the owner of the entity or business. The process in which a publicly-traded company is taken over by a few people is also called privatization.
Answer:
How many minutes of grinding machine time would be required to satisfy demand for all four products = 97,620 minutes.
Explanation:
The minutes of grinding machine required to satisfy demand for all four products -
Grinding time of Product A = Grinding minutes per unit of Product A * Monthly demand in units of Product A
= 5.0 * 5,200 = 26,000
Grinding time of Product B = Grinding minutes per unit of Product B * Monthly demand in units of Product B
= 6.50 * 5,200 = 33,800
Grinding time of Product C = Grinding minutes per unit of Product C * Monthly demand in units of Product C
= 5.50 * 4,200 = 23,100
Grinding time of Product D = Grinding minutes per unit of Product D * Monthly demand in units of Product D
= 4.60 * 3,200 = 14,720
The minutes of grinding machine required to satisfy demand for all four products =
= 26,000 + 33,800 + 23,100 + 14,720
= 97,620 minutes.
Answer: The total debt ratio is 0.36
The debt ratio and the debt equity ratio are established by the following identity:

where D/E is debt equity ratio
Substituting the value of D/E ratio in the formula above we get,



Answer:
The Journal entries are as follows:
(i) On January 1, 2017
Plant Assets A/c Dr. $600,000
To cash $600,000
[To record the depot]
(ii) On January 1, 2017
Plant Assets A/c Dr. $41,879
To To Asset retirement obligation $41,879
[To record the Asset retirement obligation]
Missing information: Based on an effective-interest rate of 6%, the present value of the asset retirement obligation on January 1, 2017, is $41,879.
Answer: Sherry and Maria.
Explanation: