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3 years ago

When a competitive equilibrium is achieved in a market

Business

1 answer:

aev [14]3 years ago

5 0

The answer for this is Letter D.

An expert in economics says that when the net benefits of all economic businesses are maximized it means the distribution of resources is effective and achieved but there must be one condition to be considered, market’s allocation should be competitive or well functioned.

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Behaviors that are more common in your life make better reinforcers than behaviors that are less common. this is known as _____.

damaskus [11]

The principle known as the Premack principle provides insight into the dichotomy wherein certain behavioral traits that are common reinforcers of positive activities, become more commonly used than those which have negative impacts on the traits, so that the positive ones are more focused upon.

5 0

3 years ago

At Schwinn, managers of various new departments in the company were told, "Go out and shape the department the way you feel is b

Alinara [238K]

Answer:

Free-rein Leadership

Explanation:

Free-rein leadership popularly known as Laissez-Faire is the process where leaders gives members the freedom to make decisions. In situations like this, a larger goal or objective is set and members are given the free role to make appropriate decisions needed is completing set goal or objective. In this case, managers of various departments at Schwinn are given total freedom by their overall boss to operate their various departments the best way they see fit.

3 0

4 years ago

From a business perspective, ___________ taxes are analogous to the personal property taxes paid by individuals.

Anvisha [2.4K]

Answer:

c. inventory

Explanation:

As per the business perspective, the inventory taxes should be analogous for the personal property taxes that paid by the individuals as the inventory taxes is involved in the business property tax i.e. tangible as well as personal

Therefore as per the given options, the option c is correct

And, the other options are incorrect

5 0

3 years ago

On January 1, 2018, Burleson Corporation’s projected benefit obligation was $48 million. During 2018 pension benefits paid by th

aleksklad [387]

Answer:

$59.8 million.

Explanation:

At the beginning of the year, the Projected Benefit Obligation (PBO) was $48 million, however, during the year this amount was affected by several factors that are explained in the problem statement: the service cost ($13 million), the interest costs (defined by a discount rate of 10%) and the pension benefits paid by the company ($6 million).

To understand how it was modified exactly, first, we will do a theoretical analysis and then present it more graphically as a financial statement.

1. Theoretical analysis

Firstly, a Projected Benefit Obligation (PBO) is a measure that reflects how much a company needs at the present time (December 31, 2018) to cover future pension liabilities. We know that the year began with a PBO of $48 million. However, this amount must be added to the service costs ($13 million), which is the increase in the present value of the liabilities, because the employees have completed another year in the company and that implies an increase in their pension credit.

Therefore, so far, the PBO at December 31, 2018 is $61 million. To this amount must be added the interest cost which is the annual interest amount on the unpaid balance of the PBO. In this case, an interest rate of 10% is handled. Therefore the amount of interest is equal to $48 million (original PBO) * 10% = 4.8 million.

So far, the PBO at December 31, 2018 is $61 + $4.8 = $65.8 million

Finally, the pension benefits paid by the trustee during 2018 should be subtracted, since they are a partial payment of the PBO.

Therefore, we have: $65.8 - $6 = $59.8

2. As a financial statement.

Pension obligations

Year Ended At December 31, 2018

Change in benefit obligations

Beginning PBO $48

Service cost $13

Interest cost $4.8

Benefits paid ($6.0)

Ending PBO $59.8

6 0

3 years ago

For each separate case below, follow the three-step process for adjusting the unearned revenue liability account at December 31

Vadim26 [7]

Answer:

1. Assume no other adjusting entries are made during the year a. Tao Co. receives $10,000 cash in advance for four months of legal services on October 1, 2017, and records it by debiting Cash and crediting Unearned Revenue both for $10,000. It is now December 31, 2017, and Tao has provided legal services as planned. hat adjusting entry should Tao make to account for the work performed from October 1 through December 31, 2017?

Step 1: Unearned Revenue has a credit balance of $10,000

Step 2: Unearned Revenue should have a credit balance of $2,500 only.

Step 3: Adjusting Journal Entry:

Debit Unearned Revenue $7,500

Credit Service Revenue $7,500

To record revenue for services performed to December 31, 2017.

2. Caden started a new publication called Contest News. Its sub subscriber, Caden debits Cash and credits Unearned Subscription Revenue for the amounts received. The company has 100 new subscribers as of July 1, 2017. It sends Contest News to each of these subscribers every month from July through December Assume no changes in subscribers, prepare the journal entry that Caden must make as of December 31, 2017, to adjust the Subscription Revenue account and the Unearned Subscription Revenue account pay $24 to receive 12 monthly issues.

Step 1: Unearned Subscription Revenue has a credit balance of $2,400

Step 2: Unearned Subscription Revenue should have a credit balance of only $1,200.

Step 3: Adjusting Journal Entry:

Debit Unearned Subscription Revenue $1,200

Credit Subscription Revenue $1,200

To record subscription revenue for services performed to December 31, 2017.

Explanation:

Tao Co and Caden follow the three-step process of adjusting unearned revenue liability accounts at year-end. The purpose of the steps is to ensure that correct amounts remain as balances in the unearned revenue accounts. The steps also help to adjust the Earned Revenue account to its proper amount in recognition of goods or services provided in accordance with the accrual concept and the matching principle of generally accepted accounting principles.

8 0

3 years ago