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larisa86 [58]
2 years ago
5

Deanne is a vocal critic of socialism. She likes to point out that in recent years the governments in many socialistic nations h

ave cut back on government services and have reduced taxes. Deanne believes that this trend will ultimately result in all nations adopting pure capitalistic ideals. Recent evidence suggests that Deanne's views are essentially correct.
a. True
b. False
Business
1 answer:
Nesterboy [21]2 years ago
7 0

Answer: False

Explanation:

Socialism is a theory that posits that production, and distribution, of goods and services should be in charge of the government. This is quite different from capitalism which advocates for the individuals to be in charge.

Even though it is true that governments of many socialistic nations have cut back on government services and have reduced taxes, this doesn't mean that all nations are adopting pure capitalistic ideals according to Deanne.

She's incorrect because there are still some elements of socialism and government interference, hence, such economies are regarded as mixed economies as they've attributes of both capitalism and socialism.

Deanne's observations is untrue as government involvement in free market economies is being ignored by her.

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For each situation, prepare the appropriate journal entry for the redemption of the bonds.
Arada [10]

Answer and Explanation:

The journal entries are given below:

On Apr. 30

Bonds payable $124,000  

Loss on redemption of bonds( bal fig)   $18,228  

          Discount on Bonds payable($124,000 - $111,972) $12,028

          Cash ($124,000 × 1.05) 1,30,200

(Being redemption of bonds at 105 is recorded)  

On Jun. 30

Bonds payable $162,000

Premium on Bonds payable($174,960 - $162,000) $12,960  

          Gain on redemption of bonds ( bal fig) $14,580

          Cash($162,000 × .99) $160,380

(Being redemption of bonds at 98 is recorded)  

5 0
3 years ago
The audit working papers often include a client-prepared, aged trial balance of accounts receivable as of the balance sheet date
Mars2501 [29]

Answer:

C. Estimate credit losses.

Explanation:

the client prepared aged triad balance of account receivable is generally included in audit documents so that the evaluation of estimated credit losses can be done.

Therefore, This aging is best used by the auditors to Estimate credit losses.

7 0
3 years ago
A farmer producing soybeans sells her product in a perfectly competitive market. The current market price of soybeans is $20 a b
Ronch [10]

Answer: 41 Dolars

Explanation: easy

6 0
2 years ago
Which of the following is the normative answer to the question of why some of the world's states use a federal system? A. Histor
umka21 [38]

Answer:

C. A federal system makes the government serve its citizens better because it allows for the existence of sub-units that have significant power.

Explanation:

A normative statement is a kind of statement which offers, the betterment, as includes a suggestion in the statement.

It is not descriptive statement, as it does not include any facts.

A descriptive statement states the facts and analyses the situations accordingly.

This statement is descriptive as rest above statements a and b includes facts.

And the statement d does not provide any suggestion, whereas only statement c provides a suggestion for the system.

Thus, correct option is

Statement c

5 0
2 years ago
The event in the 1700s that advanced human services in the United States occurred when Congress established a federal chain of h
Darina [25.2K]
I think the answer would be disabled and sick seamen. I'm not sure, but I Hope my answer will help. 
4 0
3 years ago
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