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3 years ago

Private ownership differs from state ownership in that in private ownership _____.

Business

1 answer:

MAVERICK [17]3 years ago

5 0

Answer:

The correct answer is letter "A": maximizing profits is the primary objective of a firm.

Explanation:

Business private ownership mainly focuses on providing a good or service to a specific or diverse market with the ultimate goal of maximizing profits. Revenue is the reason why those companies exist. On the other hand, state property has the objective of protecting jobs and minimizing social issues.

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The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production

Blizzard [7]

Answer:

$3,500

Explanation:

Under variable costing method, product costs are calculated on variable manufacturing costs only.

Step 1 : Determine unit Product Cost

Product Cost = Variable Manufacturing Costs

= $ 35

Step 2 : Determine the units in Inventory

Units in Inventory = Opening Stock + Production - Sales

= 0 + 7,210 - 7,110

= 100 units

Step 3 : Determine Inventory value

Inventory value = Units x Cost per unit

= 100 units x $ 35

= $3,500

Conclusion :

the ending inventory of finished goods under variable costing would be: $3,500

3 0

2 years ago

Franklin Aerospace has a quick ratio of 2.00x, $38,250 in cash, $21,250 in accounts receivable, some inventory, total current as

postnew [5]

Answer:

Over the past year, the company sold and replaced its inventory 31.37x

Explanation:

In order to calculate how often did Franklin Aerospace sell and replace its inventory we would have to calculate first the inventory with the following formula:

Current assets=cash+inventory+account receivables

inventory=Current assets-cash-account receivables

inventory=$85,000-$38,250-$21,250

inventory=$25,500

So, to calculate how often did Franklin Aerospace sell and replace its inventory we would have to calculate the Inventory turnover ratio as follows:

Inventory turnover ratio=sales/inventory

Inventory turnover ratio=$800,000/$25,500

Inventory turnover ratio=31.37x

Therefore, over the past year, the company sold and replaced its inventory 31.37x

6 0

3 years ago

A case on the subject of free speech on the internet comes before a wisconsin state trial court. it is a case of first impressio

ICE Princess25 [194]

Answer: d. survey data from the local community.

Explanation:

In deciding the case the Judge there are methods to use such as cases from other jurisdictions ( as this is a case of first impression), the values of their society and its customs, as well as Public policy.

One thing that should not be used in survey data from the local community. People will always have opinions on a matter of law and a lot of the time this is based on what they feel not what is legal. This is why juries do not just and sentences down immediately, they wait until they have been presented with legal arguments so they may be wiser legally.

Survey data has a very high chance of being devoid of this knowledge and also will be biased. It is best the Judge avoids such.

8 0

3 years ago

In a group setting, "recording secretary," "moderator," "initiator," and "information seeker" are examples of

kogti [31]

In a group setting, "recording secretary (taking the notes)," "moderator” (the facilitator of discussion)," "initiator" (the one who generates new concepts and offers the new solution) and "information seeker" are examples of Task roles. The Task roles are the one that is directly related to the successful achievement of <span>the task and goals of the group.</span>

4 0

3 years ago

Read 2 more answers

If the going cap rate for an office building in a particular market is 6.25%, what will the purchase price be if the NOI on the

kirill [66]

Answer:

$5,200,000

Explanation:

We know that

Cap rate = Net operating income ÷ Purchase price of the property

where,

Cap rate is 6.25%

And, the net operating income on the property is $325,000

So, the purchase price of the property would be

= $325,000 ÷ 6.25%

= $5,200,000

We simply applied the above formula to find out the purchase value of the property

8 0

3 years ago