Economists use the distinction between private and public goods to determine what projects and activities should be undertaken by the government.
In the economy, there are different types of goods among which, public goods are goods which are produced by the government or by nature for the welfare of the people without any cost. On the other hand, private goods are the ones manufactured and sold by private companies to earn a profit.
Economists use this distinction between different goods to allow the government to decide which goods are considered public goods so that the government can channel the funds in order to provide the public goods to the economy.
Hence, both public and private goods have their own importance in the economy.
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Answer:
He is acting as a spokesperson.
Explanation:
According to Mintzberg, Spokesperson is the person who is responsible for representing company on a public forum and is not associated with management of companies core operation.
Answer:
e) All temporary accounts are closed but permanent accounts are not closed.
Explanation:
At the time of the closing entries, the temporary accounts are closed instead of all other accounts. The temporary accounts include revenues account, expenses account, dividend paid account, ultimately income summary account
These accounts are closed so that the amount of these accounts should be carried forward to the next accounting period. The amount would always be zero, And in every accounting period, these accounts are closed.
Answer:
total stockholders' equity = $660000
Explanation:
given data
Issued = 15,000 shares
par value = $0.01 per share
issued = $39.00 per share
net income = $300,000
Paid dividends = $15.00 per share
to find out
total stockholders' equity
solution
we get here common stock that is express as
common stock = 15,000 × $39
common stock = $585000
and
dividends is = $15 × 15000
dividends = 225000
so
total stockholders' equity will be
total stockholders' equity = common stock + net income - dividends
total stockholders' equity = $585000 + $300,000 - 225000
total stockholders' equity = $660000
Answer: $228,900
Explanation:
Manufacturing overheads = Factory depreciation + Factory utilities + Indirect labor + Factory rent + Factory property taxes + Indirect materials
= 65,600 + 30,900 + 22,600 + 47,800 + 28,700 + 33,300
= $228,900
