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3 years ago

Discuss how a government might influence private producers.

Business

2 answers:

jolli1 [7]3 years ago

7 0

Answer:

A government can influence through taxation, subsidies, regulations, building use, prohibitions, import quotas etc.

Explanation:

Marianna [84]3 years ago

6 0

Answer:

Legislation and Regulation Another way in which the government can influence the private producers is, through rules and regulations. The economies usually operate with a huge and growing amount of regulations.

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On November 1, 2019, Wenger Co. paid its landlord $31,800 in cash as an advance rent payment on its store location. The six-mont

Yanka [14]

Continuation

a. Prepare the horizontal model to record the six-month advance rent payment on November 1, 2019. (+ for increase and – for decrease).

b. Prepare the journal entry to record the six-month advance rent payment on November 1, 2019

c. Prepare the horizontal model that will be made at the end of every month to show the amount of rent "used" during the month. (+ for increase and – for decrease).

d. Prepare the adjusting entry that will be made at the end of every month to show the amount of rent "used" during the month.

e. Calculate the amount of prepaid rent that should be reported on the December 31, 2019, balance sheet with respect to this lease.

Answer:

Assets

Cash: -$31,800

Prepaid Rent: +31,800

Date. General Journal Debit (Dr) Credit (Cr)

November 01, 2019. Prepaid Rent. $31,800 (dr)

Cash. $31,800 (Cr)

The rent during the month = $31,800/6 = $5,300

Assets. -------------- Expense

Prepaid Rent: -$5300. --------------- Rent Expense: +$5,300

The rent during the month = $31,800/6 = $5,300

Event --------- General Journal ------ Debit (dr) ---- Credit (Cr)

1. -------- Rent Expense. ---- $31,800

--------- Prepaid Rent. -------- ------ $31,800 (Cr)

At the emd of December, 2 months has already expired.

So, he has used 2/6 of his rent.

2/6 of $31,800

= $10,600

The remaining which is 4/6 will be the prepaid rent that will be entered in the balance sheet as the current assets.

The 4/6 is calculated as:.

4/6 * $31,800

= $21,200

8 0

4 years ago

Oriole Inc. had beginning inventory of $11,400 at cost and $20,600 at retail. Net purchases were $127,926 at cost and $181,000 a

Levart [38]

Answer:

Ending inventory at cost using the conventional retail method is $36,498.

Explanation:

Note: See the attached excel file for the computation of Goods available for sales and Ending inventory at Retail.

From the attached excel file, we have:

Goods available for sales at Cost = $139,326

Goods available for sales at Retail = $211,100

Ending inventory at Retail = $55,300

Therefore, we have:

Ratio of goods available for sales of Cost to Retail = Goods available for sales at Cost / Goods available for sales at Retail = $139,326 / $211,100 = 0.66, or 66%

Ending inventory at Cost = Ending inventory at Retail * Ratio of goods available for sales of Cost to Retail = $55,300 * 66% = $36,498

Therefore, ending inventory at cost using the conventional retail method is $36,498.

Download xlsx

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3 years ago

The amount of money you must pay before your insurance company begins to pay is called the

son4ous [18]

The answer is a deductible

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3 years ago

This past summer, mcdonalds approached the university of florida about renaming ben hill griffin stadium mcdonalds field. mcdona

MaRussiya [10]

<span>Publicity. Mcdonalds is a business and that a great move to make. Great advertisement for em and will make money back in know time. Once someone see at the game or on television the people eating mcdonalds will make em hungry for it as well.</span>

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3 years ago

Read 2 more answers

A calendar year reporting company preparing its annual financial statements should use the phrase "at december 31, 2016" in the

ivolga24 [154]

Financial statements include Income statement, Statement of Owner’s Equity, Balance sheet and Cash flow statement. Statement of Owner’s Equity and Balance sheet are prepared at a particular date at the end of the financial year or period.

Hence, A calendar year reporting company preparing its annual financial statements should use the phrase "at December 31, 2016" in the heading of Statement of Owner’s Equity and Balance sheet.

4 0

3 years ago