Answer:
The correct answer is letter "B": inefficiencies result when incentives to produce are reduced.
Explanation:
Equity-efficiency tradeoff takes place when attempting to optimize the production efficiency, distribution of wealth is diminished. The concept is always linked to moral philosophy because it implies taking about how people organize themselves in the way to produce and share their goods in a fairly. According to this point of view, when there is not enough motivation to produce inefficiencies arise.
D is correct. Jorge is the only one who is actually an accountant, and he works for a nonprofit, which is set to benefit the public.
Answer:
Bad debt expense for 2016 should be: c. $8,520
Explanation:
As of December 31, 2016, Amy Jo's Appliances had accounts receivable of $313,000 and the allowance for uncollectible accounts should be 3% of accounts receivable
Bad debts are estimated: 3% x $313,000 = $9,390
Amy Jo's Appliances had $870 in the allowance for uncollectible accounts
Bad debts expense = $9,390 - $870 = $8,520
The entry will be made:
Debit Bad debts expense $8,520
Credit Allowance for uncollectible accounts $8,520
Answer: TRUE
Explanation:BASIC EARNINGS PER SHARE is a term used in the financial Securities market to mean the NET INCOME available to common shareholders.
DILLUTED EARNINGS PER SHARE is a term used in the financial Securities market to describe the outstanding profits available to common shareholders, after all the preferred stocks, warrants,convertible securities have been converted to common stocks.
Preferred stocks are also called hybrid stock, because it has certain features of common stock and convertible securities,it has a higher priority than common stock to payment of dividend etc.
Convertible debt securities are debt securities which can be converted to common stocks.
It basic earnings and diluted earning per share will definitely not be the same for such a firm.
Answer:
The correct answer is letter "A": With employer-sponsored health insurance, your employer will pay a part of the bill for you and the benefits will not be taxed.
Explanation:
The greatest advantage of employer-sponsored health insurance relies on the fact that a portion of the premium is paid by the employer and the other proportion is paid by the worker -usually 50% is paid by each party. Besides, those premiums are federally tax-free.
