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Vitek1552 [10]
3 years ago
7

Which of the following statements is not true? Multiple Choice

Business
1 answer:
Ganezh [65]3 years ago
6 0

Answer:

4. Public goods are only provided by government.

Explanation:

The statement is false because, as stated by the previous options of the question, sometimes public goods are provided by private organizations even if they are usually unprofitable.

For example, in New York City the Central Park Conservancy is a private, non-profit organization that provides maintenance and operation for the Central Park. This is an example of a private organization employing its resources for the benefit of the public.

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Consider ratios: financial information is presented below: find gross profit. operating expenses $ 45,000 sales returns and allo
Anon25 [30]

Gross Profit is calculated by deducting the cost of goods sold, sales return and sales discount from the sales. The operating expenses is not considered for gross profit. The same is deducted from the gross profit for finding the net profit.

Gross Profit = Sales - Cost of goods sold - Sales Return - Sales Discount

Gross Profit = $150,000 - $67,000 - $13,000 - $6,000

Gross Profit = $150,000 - $86,000

Gross Profit = $ 64,000

Thus, gross profit is $64,000

5 0
3 years ago
How does a pension fund act as an investor?
Ronch [10]

A pension fun act as an investor by (B) The company invests the money collected from employers and/or employees.



6 0
3 years ago
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A discount bond
Dovator [93]

Answer:

The answer is D

Explanation:

A discount bond is a bond trading at less than a bond's par or facr value.

In this, interest will be paid before the maturity date and only the principal (face value) is paid at maturity. The interest rate is below that market interest rate.

While a premium bond is trading above the market interest rate

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3 years ago
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The intangible assets section of Marigold Corporation's balance sheet at December 31, 2022, is presented here.
fredd [130]

Answer:

Journal entries to record the 2023 amortization expense for intangible assets.

Date        Accounts Titles and Explanation       Debit       Credit

Dec 31     Amortization Expense—Patents         $14,180

              ($71,800*1/10 + $45,000 * 1/9

                + $40,000*1/10*6/12)

                           Patents                                                       $14,180  

               (To record amortization of patents)    

Dec 31     Amortization Expense - Copyrights    $6,335

               ($50,500*1/10 + $257,000*1/50*3/12)

                         Copyright                                                       $6,335

               (To record amortization of copyrights)

5 0
3 years ago
Savings accounts usually offer _________ interest rates than checking accounts. It is _________ to access your money in a saving
guajiro [1.7K]

The answer is: C. higher; harder

Saving account is beneficial if you are not planning to use the money within a short period of time.

Typically, the interest rate provide around 0.08% interest rate annually while checking account only provide you with 0.06%. But, it is harder to access the money in your saving account since most banks put limitation on how much money you can withdraw each month.

3 0
2 years ago
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