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3 years ago

Which of the following is not generally regarded as a legitimate reason for gov't to intervene in a market?

Business

1 answer:

Bess [88]3 years ago

7 0

Answer:

C. To enforce property rights

Explanation:

Government intervention in market can be non materistically via regulation , materistically via taxes & subsidy.

Although the second materislistic way of tax, subsidy comes under the perview of 'Government Budget' .

Government budget is anual financial statement showing economy's expected revenue & expenditure .

Economic growth & stability by reallocation of resources , reducing income inequalities - reflect 'efficiency' & 'equity' as valid reasons .

Foreign protection is also not invalid depending upon the initial budding stage of a developing economy & its global stand. Eg - India 1950 to 1990 .

However all these are progressive legitimate reason for govt. Intervention .

But , enforcing property rights is a feature of 'socialistic (communistic) economy - which has its own demerits like loss of consumers soveireignity , lack of postive competitive efficiency , govt overburden.

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Celestin Manufacturing Company incurred $5,000 of depreciation on its manufacturing equipment during its first year of operation

KengaRu [80]

Answer:

A. $5,000 of depreciation expense on its income statement.

Explanation:

Assuming the company uses straight line method of depreciation, then cost of depreciation is $5,000 each year.

Now, under the income statement as per GAAP, the cost of goods sold only includes the direct cost associated with manufacturing the product.

It does not included fixed cost like depreciation.

As the depreciation is fixed and does not depend on number of units produced and sold, the depreciation to be charged in income statement = $5,000.

Therefore, the correct option is

A. $5,000 of depreciation expense on its income statement.

3 0

3 years ago

On Jan. 2, Callie Company received a $700 payment from a customer previously billed for services performed. The journal entry to

Lerok [7]

Answer:

Cash and equivalents $700 Debit*

Accounts Receivables $700 Credit*

Explanation: The cash represents a debit because we are receiving the cash from a sale already made and the credit is made accounts receivable, because the product was previously sold only that a payment term was given to the person who is currently fulfilling, then the account receivable becomes cash as part of the company's operating cycle.

7 0

3 years ago

____ emphasized designing and managing organization on an impersonal, rational basis through such elements as clearly defined au

AURORKA [14]

Answer:

bureaucratic organizations

Explanation:

Bureaucratic organizations -

It is a form of management with a pyramidal command structure , it is a very organized form of management , having formality , is known as bureaucratic organisations .

They are the one with high efficiency with strict control and command .

hence ,

The correct term for the given statement is bureaucratic organizations .

7 0

3 years ago

What functions would it be most important for a project management software program to have?

Mariana [72]

Answer:

Explanation:

Question

Rocks around mid-oean risend automatic updates to the project teamhow earthquakes happen

create calendars and schedules, manage project budgets, an

create calendars and schedules, manage project budgets, and enable file sharing

create images for storyboarding, collect project images, and enable file sharing

create to-do lists, manage schedules, and send automatic updates to the project teamd enable file sharing

create images for storyboarding, collect project images, and enable file sharing

create to-do lists, manage schedules, and send automatic updates to the project team

C. changes in the earth's crust

create calendars and schedules, manage project budgets, and enable file sharing

create images for storyboarding, collect project images, and enable file sharing

create to-do lists, manage schedules, and send automatic updates to the project team

5 0

2 years ago

The following transactions involving intangible assets of Minton Corporation occurred on or near December 31, 2017. 1. Minton pa

kvv77 [185]

Answer and Explanation:

As per the data given in the question,

The journal entries are shown below:

A. On the date of transaction

1. Franchise A/c Dr. $400,000

To Cash Cr. $400,000

(Being cash paid is recorded)

2. Research and development expense A/c Dr. $600,000

To Cash Cr. $600,000

(Being cash paid is recorded)

3. Patents A/c Dr. $180,000

To Cash Cr. $180,000

(Being cash paid is recorded)

4. Patents A/c Dr. $140,000

To Cash Cr. $140,000

(Being cash paid is recorded)

5. Legal fees expense A/c Dr. $480,000

To Cash Cr. $480,000

(Being cash paid is recorded)

6. Patents expense A/c Dr. $252,000

To Patents Cr. $252,000

(Being patent expense is recorded)

7. Research and development expense $104,000

To Cash Cr. $104,000

(Being cash paid is recorded)

B. Journal entries on Dec-31, 2018

1. No journal entry is needed

2. No journal entry is needed

3. Amortization expense A/c Dr. $18,000

To Patents Cr. $18,000

(Being the amortization expense is recorded)

4. Amortization expense $35,000 ($140,000 ÷ 4 years)

To Patents Cr. $35,000

(Being the amortization expense is recorded)

5. No journal entry is needed

6. No journal entry is needed

6 0

2 years ago