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rodikova [14]
3 years ago
8

When a competitive market achieves allocative efficiency, it implies that:

Business
1 answer:
valentinak56 [21]3 years ago
7 0
Well allocative efficiency is: o<span>ptimal levels of all goods are produced and sold to consumers who value them most</span>
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 If I am planning a local art festival, and the money available for the promotion of the event is low, what I will do is that I will create awareness about the program on the internet using social media. Social media will allow me to advertise the event at no cost at all and will allow the advertisement to reach a good number of people who live at the region where the event will take place. 
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In order for information to be meaningful, a firm's accounting processes and procedures should be certified as accurate by accep
otez555 [7]

Answer:

The correct answer is (D)

Explanation:

An independent auditor is an affirmed open bookkeeper or contracted bookkeeper who inspects the money related records and business exchanges of an organisation with which he is not associated. Organisations generally employ independent auditor to give fair suppositions about the precision of an organisations financial statements and cash flows. It is important to hire private auditors to scrutinise company’s financial flaws.

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3 years ago
Hopkins Co. at the end of 2017, its first year of operations, prepared a reconciliation between pretax financial income and taxa
klemol [59]

Answer:

$1,200,000

Explanation:

Estimated Letigation Expenses      4,000,000.00

Tax Rate                                               30%

Deferred Tax Assets                       1,200,000.00

Estimated Litigation Expenses which is disallowed for tax purposes will be future deductible expenses when we will make the actual payment of the liability. So the Tax liability in the future year will decrease, so we will make the Deferred Tax Assets for this.

Therefore, The deferred tax liability to be recognized is 1,200,000

5 0
3 years ago
In a CVP income statement, cost of goods sold is generally:
Nadya [2.5K]

Answer:

d) partly a variable cost and partly a fixed cost.

Explanation:

CVP income statement is also known as cost volume profit income statement, it is generally a product of CVP analysis and it include five elements:

  • Price of products.
  • Volume of activity.
  • Variable cost per unit.
  • Total fixed cost.
  • Mix of product sold.

CVP analysis are conducted to know how changes in cost and volume would impact company´s operating income and net income. It require all the cost of company should be segregated into variable and fixed cost. It also calculate contribution margin, which help to identify the profit of company before deducting fixed cost.

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3 years ago
Help plsssssssssss drag the names next to the correct statements
nata0808 [166]
The same thing the person above me said:)
3 0
3 years ago
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