If Paddyland was a true market economy with no government interaction, then a scarcity of rice would mean that the price of rice would go up until the level of supply and demand evened out.
Answer:
AFN = $138
Explanation:
the accounts and balances are missing, so I looked for a similar question:
The Booth Company's sales are forecasted to double from $1,000 in 2010 to $2,000 in 2011. Here is the December 31, 2010, balance sheet:
Cash $ 100 Accounts payable $ 50
Accounts receivable 200 Notes payable 150
Inventories 200 Accruals 50
Net fixed assets 500 Long-term debt 400
Common stock 100
Retained earnings 250
Total assets $1000 Total liabilities and equity $1000
AFN = (A/S) x (Δ Sales) - (L/S) x (Δ Sales) - (PM x FS x (1-d))
- A/S: $500 / $1,000 = 0.50
-
ΔSales = $1,000
- L/S = $250 / $1,000 = 0.25
- PM = 0.08
- FS = $2,000
-
1 - d = 1 - 30% = 0.70
AFN = (0.5 x $1,000) - (0.25 x $1,000) - (0.08 x $2,000 x 0.7) = $500 - $250 - $112 = $138
Answer:
The correct answer is letter "B": Bell Labs.
Explanation:
Patents are rights granted to creators over their inventions. This provision makes sure others will not imitate or exploit the invention since only the creator has the right to do so. <em>When someone develops a creation within a company in full use of the time and resources of the company as part of the individual's duties, </em><u><em>the patent will belong to the company</em></u>.
Most entities have clear specifications in regards to this topic in their employees' contracts. Though, the individual developing the creation can always be mentioned as the inventor.
Answer:
C. Observation of the counting of inventory.
Explanation:
Risk assessment procedures involve all the steps that represent the evaluation of procedures which are company specific and not individual item specific.
These assessments are done in order to ensure the accounting procedures are fair that are followed by the company.
Thus, the observation of counting of inventory is substantative in nature and not investigating like, risk assessment test.
All other steps mentioned are part of risk assessment procedure.
Answer:
The correct answer is letter "A": A monopoly.
Explanation:
A monopoly occurs when one company is the sole or nearly sole provider of a good or service within an industry. This potentially allows that company to become powerful enough to prevent competitors from entering the marketplace leading to limited consumer choice, higher prices, and limited response to customers' concerns.