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3 years ago

Many critics argue that government efforts to regulate industries have caused which of the following?

Business

2 answers:

Yuri [45]3 years ago

7 0

Answer:inefficiencies

Explanation:

Georgia [21]3 years ago

5 0

Answer:

inefficiencies

Explanation:

The competitive market is characterized by competition between companies for market share according to sales price. This is beneficial to the consumer, who will pay a lower price. The government acts as a market regulator to curb collusion and to ensure the origin and quality of products.

Critics of regulation complain that regulation removes market efficiency mechanisms, as companies have to comply with a series of regulatory criteria that raise production and marketing costs, which makes markets less efficient. This is a fragile argument, as history is full of cases of collusion and abusive practices that harm consumers. Regulation is necessary for companies to be compelled to always act in an appropriate manner. An example of the importance of regulation is the requirement for nutritional composition on food labels so that consumers have the information about what they are consuming.

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Adkins Bakery uses the modified half-month convention to calculate depreciation expense in the year an asset is purchased or sol

Dmitry_Shevchenko [17]

Answer:

Depreciation expense= $36,875

Explanation:

Under the straight line method of depreciation, the cost of an asset less the salvage value is spread equally over the expected useful life.

An equal amount is charged as annual depreciation over the life of the asset. The annual depreciation is calculated as follows:

Annual depreciation:

= (cost of assets - salvage value)/ Estimated useful life

Cost - 220,000

Residual value = 43,000

Estimated useful life = 4 years

Annual depreciation = (220,000- 43,000)/4 =44,250

Annual depreciation = 44,250.

Under the half-month convention, a full month depreciation is charged where an asset is first put to at the middle month of the month.

Thus March 17, 2018 to December 2018 is taken to be 10 full months

Depreciation expense = 44,250.× 10/12 = 36,875

Depreciation expense= $36,875

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3 years ago

Health food corporation's bonds have 7 years remaining to maturity. the bonds have a face value of $1,000 and a yield to maturit

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3 years ago

Sheen Co. manufacturers laser printers. It has outlined the following overhead cost drivers: Overhead Costs PoolCost DriverOverh

andriy [413]

Answer:

Total allocated costs= $53,070

Explanation:

First, we need to calculate the allocation rates using the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Quality control= 77,000 / 1,100 = $70 per inspection

Machine operation= 153,000 / 1,500 = $102 per machine hour

Materials handling= 1,200 / 30 = $40 per batch

Miscellaneous overhead cost= 57,000 / 5,700= $10 per labor hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Quality control= 70*295= 20,650

Machine operation= 102*240= 24,480

Materials handling= 40*6= 240

Miscellaneous overhead cost= 10*770= 7,700

Total allocated costs= $53,070

3 0

3 years ago

A sporting goods manufacturer budgets production of 57,000 pairs of ski boots in the first quarter and 48,000 pairs in the secon

umka2103 [35]

Answer:

Cost of purchase for first quarter = $766,500

Explanation:

Total production of current quarter = 57,000 pairs

Raw material required for above = 57,000 X 2 kg per pair = 114,000 kg

Less: Opening inventory of raw material 28,500 kg = 114,000 - 28,500 = 85,500 kg required for quarter 1

Also provided that closing inventory shall be 25% of total raw material required for next quarter.

Raw material required in second quarter = 48,000 pairs X 2 kg each = 96,000 kg

25% of above = 96,000 X 25% = 24,000 kg

Total raw material to be purchased in current quarter that is first quarter = 85,500 kg + 24,000 kg = 109,500 kg

Rate not provided assumed to be same as of opening inventory that is $7 per kg, therefore cost of purchase for first quarter = 109,500 kg X $7 = $766,500

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4 years ago

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A government's Statement of Revenues, Expenditures, and Changes in Fund Balances reported proceeds of bonds in the amount of $2,

vesna_86 [32]

Answer:

The reconciliation from the governmental funds' changes in fund balances to the governmental activities change in net position would reflect a decrease of 1,500,000 as the payments.

Explanation:

The change in net position = Amount of bond proceeds - Amount of bond principal.

The change in net position = $2,000,000 - $500,000 = 1,500,000

There would be a decrease of 1,500,000 as the payments.

The reconciliation from the governmental funds' changes in fund balances to the governmental activities change in net position would reflect a decrease of 1,500,000 as the payments.

6 0

3 years ago