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2 years ago

In order to achieve a high rating on the economic freedom of the world index a government should ______________.

1 answer:

8 0

Answer: In order to achieve a high rating on the economic freedom of the world index a government should allow labor, capital and goods to move freely without any restriction.

Explanation: In economic freedom, individuals have the opportunity to control their labor and property. The government is not telling them what they can and can not do, it is entirely up to them. Measuring economic freedom is based on the rule of law, government size, regulatory efficiency and open markets.

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Abbott Company uses the allowance method of accounting for uncollectible accounts. Abbott estimates that 4% of credit sales will

OverLord2011 [107]

Answer:

$3760

Explanation:

Calculation to determine the December 31 balance in Bad Debt Expense

Using this formula

Bad debt expense = Credit sales × Uncollectible percentage

Let plug in the formula

Bad debt expense= $94,000 × 4%

Bad debt expense= $94,000 × 0.04

Bad debt expense= $3760

Therefore the December 31 balance in Bad Debt Expense will be $3760

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2 years ago

In the circular flow of income A. households buy goods and services and firms supply goods. Resources are supplied by other firm

Alla [95]

Answer:

D. households demand goods and services that are supplied by firms, while supplying resources that are demanded by firms.

Explanation:

The circular flow of income shows how money moves in an economy. Firms pay households for resources needed in production. The money flows back to firms when households demands goods and services from firms.

I hope my answer helps you

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3 years ago

What happens when someone orders a second dessert when he or she is already full from the first dessert?

Setler79 [48]

Answer:

lower utility will be experienced on the second pizza

Explanation:

Utility is the satisfaction derived from the consumption of a product or a service. The ability of a product or service to satisfy a particular customer need or want determines its utility value.

The intensity of a need determines the level of utility required. An intense need demands for a product with high utility value. Consumers are willing to spend huge amounts to satisfy such needs. Less intense needs result in reduced utility. Consuming a second pizza will not derive much satisfaction as compared to the first one. The customer's need is not as intense as prior to the first consumption.

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3 years ago

Which of the following is not one of the steps for recognizing revenue? Identify the performance obligations of the contract. Id

9966 [12]

Answer:

The answer is letter "D": Estimate the total transaction price of the contract based on the sum of the stand-alone selling prices of the goods.

Explanation:

There are five steps for revenue recognition established by the Financial Accounting Standards Board (FASB) which are: Identifying the contract with a customer; Identifying the performance obligations in the contract; Determining the transaction price; Allocating the prices to the performance obligations and; Recognizing revenue.

In that sense, estimating the total transaction price of the contract based on the sum of the stand-alone selling prices of the goods has nothing to do with it.

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2 years ago

The Anson Jackson Court (AJC) currently has $150,000 market value (and book value) of perpetual debt outstanding carrying a coup

ch4aika [34]

Answer:

d. $750,000; 8.9%

Explanation:

The computation is shown below:

A. Current Total Market Value

Current market value of debt $150,000 The Current market value of equity $600,000 (10,000 shares × $60) Market Value $750,000

B. Weighted Average Cost of Capital (WACC) WACC = {Equity ÷ (Equity + Debt) × Cost of Equity} + {Debt ÷ ( Equity + Debt ) × Cost of Debt × (1 - 25%)}

= {$600,000 ÷ ($600,000 + $150,000) × 10%} + {$150,000 ÷ ($600,000 + $150,000) × 6% × 0.75}

= ($600,000 ÷ $750,000) × 10% + ($150,000 ÷ $750,000) × 6% × 0.75 = 0.08 + 0.009

= 8.90%

Hence, the correct option is D. $7,50,000 ; 8.90%

3 0

3 years ago