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3 years ago

While the role of the state in a command economy is to be , in a market economy the state's role is to be ?

1 answer:

3 0

While the role of the state in a command economy is to be Dominant, in a market economy the state's role is to be Passive

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During 2017, Williamson Company changed from FIFO to weighted-average inventory pricing. Pretax income in 2016 and 2015 (William

sergeinik [125]

Answer:

Explanation:

Comparative income statements for Williamson is presented below:

Particulars 2017 2016 2015

Income before income tax $180,000 $145,000 $170,000

Less:Income tax $54,000 $43,500 $51,000

Net income $126,000 $101,500 $119,000

The income tax is computed below:

For 2017

= $180,000 × 30%

= $54,000

For 2016

= $145,000 × 30%

= $43,500

For 2015

= $170,000 × 30%

= $51,000

8 0

3 years ago

On January 1, 2018, Tyson Manufacturing Corporation purchased a machine for $40,000,000. Tyson's management expects to use the

enyata [817]

Answer:

$4,842,800.00

Explanation:

Units-of-production depreciation method calculates the amount to be deprecation depending on the asset usage for that period.

In this case, the total hours the asset is expected to work.

Cost of machine $ 40,000,000.00

Salvage value : $ 47,000.00

total hours machine should work: 33,000.00

Depreciable amount: = Cost price- salvage value

=$40,000,000.00-$47,000.00

=$39,953,000.00

Depreciation per hour= $39,953,000.00/33000

=1,210.6969

=1,210.70

Depreciation for 2018 =1210.7x4000

=$4,842,800.00

5 0

3 years ago

A gift shop sells 2000 boxes of scented candles a year. The ordering cost is $100 for scented candles, and holding cost is $10 p

Gekata [30.6K]

Answer:

Minimun cost: $2000

Explanation:

We solve for the optimal order size using the

Economic Order Quantity:

$Q_{opt} = \sqrt{\frac{2DS}{H}}$

Where:

D = annual demand = 2,000 boxes

S= setup cost = ordering cost = $ 100

H= Holding Cost = $10.00

$Q_{opt} = \sqrt{\frac{2(2,000)(100)}{10}}$

$Q_{opt} = \sqrt{40,000}$

EOQ 200

It should order: 2,000 demand / 200 order size = 10 times

At a cost of 1,000 dollar (100 units x $ 10)

It will face an average inventory of 100 units thus holding cost:

100 units x 10 dollar per unit = 1,000

Total cost: 1,000 + 1,000 = 2,000

6 0

3 years ago

Which of the following statement is not true about the Project stakeholders?

xxMikexx [17]

I think d is the answer

Explanation:

all stakeholders must not be independent all must work together

4 0

3 years ago

Kincaid Company provided consulting services of $2,500 to a customer who paid $1,300 and promised to pay the remainder next mont

Anon25 [30]

Answer:

B. Cash 1,300 Dr, Accounts Receivable 1,200 Dr, Consulting Revenue 2,500 Cr

Explanation:

Kincaid Company

Journal Entry

Date Description Debit Credit

Cash $1,300

Accounts Receivable $1,200

Consulting Revenue $2,500

6 0

3 years ago

While the role of the state in a command economy is to be __________, in a market economy the state's role is to be __________?

While the role of the state in a command economy is to be , in a market economy the state's role is to be ?