The type of economy that referred in the question would most likely be a free-enterprise economy. By definition, a free-enterprise economy is an economic system wherein the market is free of government intervention. In addition, it is essential to the world trade because "<span>permits developing nations to compete on an equal economic basis with more industrialised countries."</span>
Answer:
An investment is acceptable if its AAR exceeds a target AAR.
Explanation:
The average accounting return (AAR) is a capital budgeting decisions method that is obtained by dividing the earnings after taxes and depreciation of an investment project by its average book value during its life.
An arbitrary ARR target is usually set which compared with the calculated ARR.
The decision rule under ARR is that an investment should be accepted if its AAR exceeds the target AAR.
Therefore, The average accounting return (AAR) rule can be best stated as ann investment is acceptable if its AAR exceeds a target AAR.
I think and arrange Charlie as having an autistic disorder, which can be grouped by impeded social association and correspondence.
It is a neurological and formative issue that typically shows up amid the initial three years of life. A tyke with extremely introverted-ness seems to live in their own reality, indicating little enthusiasm for others and an absence of social mindfulness.
Answer:
Last Fiscal Year:
Interest Expense = $5550
Current Fiscal Year:
Interest Expense = $11100
Explanation:
According to the accrual basis of accounting, the expenses and revenues relating to a certain period should be recorded in that particular period whether of not they have been received. The fiscal year of Kieso ends on 31 December and as the loan was taken one month prior to the start of the current fiscal year, it was taken at the start of December of last fiscal year.
This means that the interest expense on loan relating to last December will be charged to the last fiscal year and the interest expense relating to January and February will be charged to the current fiscal year. The interest expense amount will be calculated as follows,
Last Fiscal Year = 740000 * 9% * 1/12 => $5550
Current Fiscal Year = 740000 * 9% * 2/12 => $11100
Quick ratio = 1.30 (Option C)
<u>Explanation:</u>
Quick ratio or acid test ratio is calculated as follows:
(Cash plus marketable securities plus accounts receivable ) divide by total current liabilities
In our question, we have been given with the data:
Cash = 45 million
Marketable securities = 33 million, accounts receivable = 66 million, total current laibailities = 111 million
So, let us now put the given values in the above stated formula:
Quick ratio = ( 45 plus 33 plus 66) divide by 111
After calculating we get, 1.30
Therefore, the quick ratio is 1.30