Hello!
The answer to your question is option A: "To protect the health and safety of consumers."
The government creates regulations to ensure that the goods and services that are being sold to consumers are safe for use or consumption.
The answer cannot be the second option because the government does not limit competition; the purpose of the mixed-market economy is to allow businesses to compete with one another and develop the best products for consumers.
The answer also cannot be the third option because the government does not guarantee that all businesses will make money. If a business is unable to compete with other businesses in a field, the business will not succeed. The government is not required to ensure that all businesses succeed.
The fourth option is also incorrect because the government does not educate consumers about specific products. Consumers are expected to research and make their own educated decisions when purchasing a product.
I hope you found this helpful! Have a lovely day!
-Mal
Explanation:
Concept of National Income
The National income is the total amount of income accruing to a country from economic activities in a year time. It includes payments made to all resources either in the form of wages, interest, rent, and profit.
Answer:
Marigold Corp.
The segments to be disclosed in accordance with professional pronouncements are:
a. Segments A, B, C, and D
Explanation:
a) Data and Calculations:
Operating
Segments Total Revenue Profit (Loss) Identifiable Assets
A $254,500 $30,300 $899,000
B 599,500 (55,700) 801,500
C 225,500 52,004 49,000
D 90,800 4,700 226,000
Total $1,170,300 $31,304 $1,975,500
b) According to professional pronouncements and U.S. Generally Accepted Accounting Principles (GAAP), public companies must report a segment if the segment accounts for 10% of total revenues, 10% of total profits, or 10% of total assets. The main purpose for presenting financial information by segments is to provide users of financial statements with information for making more informed economic decisions.
Answer:
$16,660
Explanation:
Given that,
Merchandise inventory sold on account = $17,000
Payment terms are as follows: 2/10, n/30
Cost of merchandise sold = $13,000
Therefore, the amount of cash was collected by Devonshire is the amount of cash after deducting the 2 percent of merchandise inventory.
Cash was collected by Devonshire:
= Amount of merchandise sold × (1 - 2%)
= $17,000 × (1 - 0.02)
= $17,000 × 0.98
= $16,660
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