Answer:
Advantage: Absence of Red Tape.
Advantage: Freedom to Innovate.
Advantage: Customers Drive Choices.
Disadvantage: Limited Product Ranges.
Disadvantage: Dangers of Profit Motive.
Disadvantage: Market Failures
Explanation:
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Answer:. ............$
1. Bad debt Dr. 11.0000
Account receivable Or. 11.000
Narration: Bad debts writing off debtors
2. Cash/Bank. Dr 1800
Profit or loss Cr. 1800
Narration. Bad debt previously written off recovered
3. Profit or loss Dr 4000
Allowance for doubtful debts Cr
4000
Narration. Increase in provision for doubtful debts.
Answer:
There are four types of competition in a free market system:
- perfect competition
- monopolistic competition
- oligopoly
- monopoly
Under monopolistic competition, many sellers offer differentiated products—products that differ slightly but serve similar purposes.
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Answer:
(B) Nonmoney property distributions made by an S corporation having accumulated E&P are treated differently when determining the corporateminuslevel gain recognized under Sec. 311 than are property distributions made by an S corporation without accumulated E&P.
Explanation:
Answer:
A.Yes. They have the power to remove it if they believe it’s harmful.
Explanation:
When the government have reasons to believe that a product is potentially harmful to consumers and or buyers, they have the right to require a company to recall a product, if they believe it is harmful to consumers, because it is then the governments responsibility to protect the public.
