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3 years ago

How did huey long's plan to limit incomes violate the free enterprise system?

1 answer:

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Huey Long guaranteed a free training through school and benefits for the matured, which he can't do on the grounds that it is the administration's business to settle on these choices. He likewise he raised duties to make healing facilities to take into account poor people and enhance ignored streets and scaffolds inside the state

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The city of Brock’s Water Enterprise Fund leases water treatment equipment. The life of the noncancellable lease is 10 years, an

Degger [83]

<u>Solution and Explanation:</u>

The Journal Entries in the books of Brock's water enterprise is as follows :-

Date Particulars and details Debit($) Credit($)

Jan 5, 2018 Intangible Assets - Lease 905861

Lease Payable 905861

(Being Record the Lease)

Jan 5, 2018 Lease Payable 125000

Cash 125000

(Being Record Down Payment)

Dec 31, 2018 Amortization Expenses ($905861divide 10) 90586

Accumulated Amortization 90586

(Being Record the amortization)

Jan 5, 2019 Lease Payable $(\$ 125000-\$ 62469)$ 62531

Interest Expenses $((\$ 905861-\$ 125000) * 8 \%)$ 62469

Cash 125000

(Being Record the Second Lease Payment)

3 0

3 years ago

g A price ceiling that is set below the equilibrium price _____ . Group of answer choices causes suppliers to lose money creates

Allushta [10]

Answer:

creates a shortage

Explanation:

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

Because price is set below equilibrium price, demand would outstrip supply and this would lead to a shortage

Effects of a price ceiling

1. It leads to shortages

2. it leads to the development of black markets

3. it prevents producers from raising price beyond a certain price

4. It lowers the price consumers pay for a product. This increases consumer surplus

6 0

3 years ago

High SchoolBusiness7 days ago Canada has a market economy. As such, Canada's economy (relative to centrally planned economies) t

kati45 [8]

Answer:

D) productive efficiency and allocative efficiency but not necessarily equity.

Explanation:

Countries that have a market economy are capitalistic countries and those that favor command economies (centrally planned) are called socialist countries. No country is totally capitalistic (since governments, taxes, regulations, etc., exist), and no country is totally socialist either. But countries are classified depending on which economic system they favor.

Canada favors free markets, and by doing so, it allows market forces to allocate resources. Consumers are free to decide what to buy and at what price, and producers are free to decide what to sell and at what price. Since private actors are free to decide how to allocate resources, they are allocated more efficiently.

But the negative aspect of capitalism is that income and wealth distribution is very unequal.

7 0

3 years ago

Suppose a stock had an initial price of $54 per share, paid a dividend of $1.30 per share during the year, and had an ending sha

ioda

Answer:

Use the equation for total return:

total stock return= (P1-P0)+D/P0

P0=Initial Stock Price

P1=Ending Stock Price (Period One)

D=Dividends

-3.15%---Percentage of total return

Dividend Yield-2.41%

Capital Gains-- -5.56%

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3 years ago

I was employed as a certified public accountant (CPA) for a regional accounting firm that specialized in audits of financial ins

almond37 [142]

Answer:

1.) It depends on an individual position and conscience. If I am stuck in such a situation with people of CEO, COO etc stand i'd be worried about not only my job but also about my career. As these kinda instances can dismantle your career and can have a lasting effect.In my case i'd not have volunteered as the CEO,COO have the power to dissappear information and documents. It would be a blind move if i go and volunteer for it and they documents are not found. However, if the situation is different and i am in possession of those copies of cheques then i'd be blunt in sharing the same to concerned authorities. Also if you have the evidence with you ,no position can coerce you into doing anything once you provide it to concerned authorities because then you have the edge.

2.) loans without sufficient collateral, drawing cheques in spouses's names,paying of personal expenses from corporate credits etc.,

These are just allegations ,if none of them are proved in the court or inquiry ,then these are mere allegations. if however,are supported by evidences,these can be a case if unethical practices.

3.) The ethics of a professional Accountant are-

a.) objectivity- Seeing the things as they are with no bias. Assuming everything that you work for as something pure and respect your work in any way possible.

b.) honesty- One who stands honest with his job are poster figures for any department or organisation a person work on or for. It is implied for anyone to be honest to his work.

c.) Professional competence- An employees is supposed to be of professional competence to his work and organisation. He is required to keep.his knowledge update to that level.of oragnisation's requirement.

d.) Confidentiality- is what the Job descripition states. An accountant by profession is not allowed in any way to share the information of his clients or organisation unless law specifies it so.

e.) Professional Behaviour- A professional behaviour. includes reaching the work on time,completion.of duties to the firm , work within the organisation for its betterment etc. It is in the job description in any organisation

4.) FDIC'S OFFICERS should have been more careful and diligent while working on the case. Each and every department concerned to the alleged wrongdoers sould have been checked for evidences which they clearly didnot do. They were not 100% vigilant with their work which is what made the situation awkard for you.

5.) lesson's that can be learnt are- Business are way too practical and decisions have to be made on the merit of the situation. You can follow your gut in business just as you do or can in life. But sometimws all it takes is one moment that gets you in a position where nobody can touch. In this instance if you had those copies of cheques in your possession,no CEO ,or COO can coerce you into doing anything and at that moment it solely depends upon your reading of the situation.

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3 years ago