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3 years ago

Choose the correct statement.

Business

1 answer:

Vadim26 [7]3 years ago

5 0

Answer:

B. The marginal social benefit from healthcare exceeds the willingness and ability to pay.

Explanation:

(Healthcare creates social benefits for the society so the marginal social benefit from healthcare is greater than the willingness and ability to pay for it as willingness to pay does not account for the external benefits of the healthcare.)

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Labeling is important for four specific reasons, including identification, promotional and legal reasons. What is the fourth rea

Anna11 [10]

Answer:

informational

Explanation:

i know were not suppost to do this but cheeck out quizlit

4 0

3 years ago

Concord Corporation's comparative balance sheet at December 31, 2021 and 2020 reported accumulated depreciation balances of $125

natali 33 [55]

Answer:

$380,800

Explanation:

When an asset is sold, the cost and accumulated depreciation are derecognized from the books. Without the sale of an asset, the depreciation charge for the year would be the only difference between the closing accumulated depreciation from prior year to current year.

Change in accumulated depreciation

= $1253000 - $890000

= $363,000

Accumulated depreciation

= $74900 - $57100

= $17,800

Depreciation

= $363,000 + $17,800

= $380,800

7 0

3 years ago

Assuming purchase costs are rising, determine which statements below are correct regardingthe cost of goods sold under FIFO, LIF

Contact [7]

Answer:

1. Companies using FIFO will report the highest gross profit and net income.

2. Companies using FIFO will report the smallest cost of goods sold.

3. Weighted average cost of goods sold will be between FIFO and LIFO costs of goods sold.

4. Companies using FIFO will pay higher taxes than companies using LIFO, assuming all else being equal.

Explanation:

If costs are rising, companies using FIFO will report higher profits simply because they calculate cost of goods sold based on the oldest products which were purchased at a lower cost.

FIFO and LIFO costs will be the extreme points, FIFO showing lowest costs while LIFO will result in the highest costs, while the weighted average will be in between.

Since companies using FIFO report higher profits, they will have to pay more taxes.

8 0

4 years ago

This information relates to Sunland Co.. 1. On April 5, purchased merchandise from Blossom Company for $26,400, terms 4/10, n/30

jolli1 [7]

Answer and Explanation:

The journal entries are shown below:

1. Merchandise inventory $26,400

To Account payable $26,400

(Being purchase is recorded)

2. Merchandise inventory $590

To Cash $590

(Being freight paid)

3. Equipment $33,900

To Account payable $33,900

(Being purchase of an equipment is recorded)

4. Account payable $5,200

To Merchandise inventory $5,200

(Being purchase return is recorded)

5. Account payable $21,200 ($26,400 - $5,200)

To Cash $20,352

To Merchandise inventory ($21,200 × 0.04%) $848

(Being the amount paid is recorded)

4 0

3 years ago

Rhone-Rohrer Chemicals, a French leader in specialty chemicals used an ethnocentric policy to approach international markets. It

Genrish500 [490]

Answer:

Cultural Myopia

Explanation:

Myopia in general refers to short sightedness.

A Cultural myopia refers to the belief that one's own culture is better suited and apt in all situations and circumstances and applies to all people.

In business context, this conveys the inability of a firm to adopt or modify it's product strategies as per the market conditions of a foreign nation, thereby providing standardized or same products and services as it provides in it's own domestic market.

For instance, Heinz provides different variants of it's ketchups across the globe, incorporating changes and modifications in ingredients as would better suit a market and better cater to it's needs. The company for instance provides ketchup without onion and garlic as ingredients to suit Indian market requirements.

In the given case, the chemical company applied the same French ethnocentric policies in international markets and followed the same domestic marketing policies internationally. Thus, it's expansion move failed miserably since it failed to adapt to the requirements of global markets and could not cater to them effectively.

6 0

3 years ago