The one possible reason why a government-controlled used car market may not provide an efficient outcome is that Government actors may have their own incentives that might not align with market efficiency.
What does government controlled mean?
Government Controls means economic and other sanctions instituted by any government agency such as those based on the U.S. Foreign Corrupt Practices Act, the U.S. Export Administration Act, the U.S. Arms Export Control Act, and other regulations or executive orders.
What is it called when the government is in control of everything?
Totalitarianism is a form of government and a political system that prohibits all opposition parties, outlaws individual and group opposition to the state and its claims, and exercises an extremely high if not complete degree of control and regulation over public and private life.
How do government control over the economy?
Governments influence the economy by changing the level and types of taxes, the extent and composition of spending, and the degree and form of borrowing. Governments directly and indirectly influence the way resources are used in the economy.
Learn more about government-controlled here :- brainly.com/question/848750
#SPJ4
Answer is $287,000 and $185,200 respectively for the company's gross profit and operating expenses.
Let us see how to solve it. As we can see the formula for Gross Margin is as follows -
Gross Margin= Net Sales − Cost of Goods Sold which is $852,000 − $565,000 = $287,000. So the total Gross Margin is $287,000.
Now the formula for Operating Expenses is as follows-
Operating Expenses= Gross Margin − Net Income; Hence we have to do $287,000 − $101,800 = $185,200. So the total Operating Expenses is $185,200. Hence answer is $287,000 and $185,200 respectively for the company's gross profit and operating expenses.
Learn more about operating expenses here-
brainly.com/question/14995350
#SPJ4
Answer:
C.Positioning strategy
Explanation:
According to my research on different business strategies, I can say that based on the information provided within the question Gold Sheen is using a Positioning Strategy. This strategy focuses on placing the company's attention on one or at most two aspects within a market and excelling in those aspects in order to gain a competitive advantage in the market by being the best in those areas. Which is what is happening in this situation since no other company is concerned with herbal cosmetics.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer:
1) Warranty expense = $550
2) Warranty liability = $550
3) Warranty liability = $435
Explanation:
As per the data given in the question,
1.) Warranty expense = 5% of dollar sales
= 5% × $11,000
= $550
2.) On year end Dec-31st balance of liability will be same as expense incurred as there is no repair in year 1.
So, Estimated Warranty liability = Warranty expense
Estimated Warranty liability = $550
3.) Beginning balance = $550
Repair cost = $115
End balance of year = Beginning balance - Repair cost
= $550 - $115
warranty liability = $435
Answer:
the amount that should be invested now is $476,654
Explanation:
The computation of the amount that should be invested now is shown below:
= Payment made each year × (1 - (1 + rate of interest)^-number of years) ÷ rate of interest
= $100,000 × [1 - (1 + 7%)^-6] ÷ 7%
= $476,654
hence, the amount that should be invested now is $476,654
