Answer: state ownership
Explanation:
State ownership was once considered the ideal engine for economic growth, but resulted in inflated public-sector bureaucracies and inefficient public companies.
In state owned enterprises, there are inefficiencies among the employees as they don't really strive to achieve their goals unlike those that works in private establishments who are more serious with their work.
In practice, democracy means a system of government that allows for the following norms:
- Human rights protection
- Existence of the rule of law
- Periodic free and fair election of government officials
- Active participation of the citizenry in politics and civic life.
<h3>What is democracy?</h3>
Democracy is a form of government whereby people decide who governs them and how they govern.
Democracy represents free choice, the recognition of the human rights of the governed, and having elected representatives in government.
Autocrats or despots do not control democratic governments.
Thus, democracy originally meant power held by the people. In practice, it connotes the observance of political and social principles suitable for a free society.
Learn more about democracy at brainly.com/question/3710021
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Answer:
Mathis Co.
The Tax payable for 2020 is:
= $1,320,000
Explanation:
a) Data and Calculations:
2020 Financial income = $1,200,000
add Litigation expense 3,000,000
add installment sales 2,400,000
Adjusted taxable income $6,600,000
Income tax rate = 20%
Tax payable for 2020 = $1,320,000
b) The litigation expense was deducted from the financial income. This is added back to the income. Installment sales were not included in the revenue for the financial income of 2020. This is also added to the financial income. The net result is the figure for taxable income. This forms the basis for the application of the income tax rate of 20%.
Answer:
The correct answer is letter "D": cost advantage strategy.
Explanation:
Cost advantage strategy is a technique implemented by companies to provide equal benefits to consumers at a lower price than competitors. Firms achieve this practice by maximizing the utilization of technology, processes, and resources. If a company implements and sustains operations with a cost advantage strategy it is said it has obtained a comparative advantage.
Answer:
Based on the attached,there is a strong indication that the question requires the student to prepare the current assets section of the balance sheet in the order of liquidity.
Current Assets $ $
Cash 32000
Accounts receivable 299300
Allowance for receivables (8680)
290620
Prepaid insurance 9680
Inventory 299300
Total current assets 631600
Explanation:
The order of liquidity is that cash comes first,as it is readily available for use in discharging obligations and need not be converted to any other form.
Accounts receivable takes the second position as it is just a step away to becoming cash
Lastly, inventory is the most difficult to convert to cash as it envisaged that it would first of all turn to accounts receivable and thereafter to cash
