Answer:
Explanation:
Private Sector enterprises have a goal of making profit and it employs more workers who work long hours. They are run by organisations and are free from Government control. They are usually funded by individual investments.
Public Sector Enterprises are fully owned and controlled by the Government. they are controlled by the government and funded by the government. They enjoy monopoly in operation.
Answer and Explanation:
Debit bad debt expense for $40,000 and credit allowance for uncollectible accounts for $40,000
Answer:
$80,000
Explanation:
Given:
Amount issued by the Bentley Corporation = $1,000,000
Duration = 10 years
Interest rate on the bods = 8% annually
Market rate of interest = 7% annually
Now,
the interest charged will at the rate on the bonds i.e 8%,
therefore,
the Interest expenses = Rate × Amount issued
on substituting the respective values, we get
the Interest expenses = 0.08 × $1,000,000
or
the Interest expenses = $80,000
Answer:
(C) Joss should charge Iris $500 and Daphne $800, that way economic surplus is maximized.
Explanation:
Assuming information asymmetries in the market, and Iris and Daphne are incapable of compare their willingness to pay against the average price of the market for this type of service, C is true since Joss maximize the economic surplus by increasing his productivity using the time better than his opportunity cost.
