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Taya2010 [7]
3 years ago
8

Identify the true statement in each of the three modules. Identify the true statement. Deregulation can describe removing govern

ment control of the price of a good but not the removal of government control of quantities. Deregulation can describe either removing government control of the price of a good or the removal of government control of quantities. Deregulation can describe removing government control of the quantity of a good but not the removal of government control of price.
Business
1 answer:
Maksim231197 [3]3 years ago
6 0

Answer:

Deregulation can describe either removing government control of the price of a good or the removal of government control of quantities.

Explanation:

Deregulation is the removal of government control , regulation or power in a particular sector or industry. An example of deregulation is the mail delivery. The government had a monopoly on the royal mail for many years

Deregulation can involve :

  • removal of government control on price
  • Removal of control on quantities

Advantages of deregulation

  1. It increases the rate of innovation and competition. This increases consumer choice.
  2. Efficiency of corporations are increased and this lowers cost

Disadvantages of deregulation  

  1. Customers are more vulnerable to high  risk-taking by companies.

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A company has decided that it no longer needs to extensively count and inspect the products it buys from a particular supplier.
agasfer [191]

Answer: False

Explanation:

The VOLUME CONSOLIDATION Stage is where a company attempts to reduce the number of suppliers that it has and consolidates the volume of sales it does through them.

This strategy helps in having a better relationship with suppliers as well as earning a claim on their business which would go a long way in price negotiation.

3 0
3 years ago
Creative product differentiation can enable a small business to increase market share.
Harrizon [31]
The answer is "true".
3 0
3 years ago
Felton Co. sells major household appliance service contracts for cash. The service contracts are for a 1-year, 2-year, or 3-year
tia_tia [17]

Answer:

Unearned Service Contracts Revenue = $330,000

Explanation:

Unearned Service Contracts Revenue refers to the expected revenue from a contracts been carried and has yet been paid.

Unearned Service Contracts Revenue for 2010 = $100,000, for 2011 = $160,000 and for 2012 = $70,000

Unearned Service Contracts Revenue = $100,000 + $160,000 + $70,000

Unearned Service Contracts Revenue = $330,000

7 0
3 years ago
Posting is the process of transferring items entered in a general journal to the: 1. worksheet. 2. trial balance. 3. general led
Rashid [163]

Answer:

The correct answer to the following question will be Option 3 (General ledger).

Explanation:

  • General Ledger is the full accounting of all the financial activities of the company across its lifespan. It contains all the documents which are preparing the reports of finance, including income, assets, investments, income, and expenditures.
  • It's an official paper that offers a comprehensive overview of the business transactions of the company.
  • An invoice, or general ledger key, is a number that is used to document business transactions in the ledger.

Therefore, Option 3 is the right answer.

7 0
3 years ago
PharmY, Inc., is a U.S. GAAP reporter that is in the pharmaceutical industry. In the current year, PharmY incurred expenditures
Whitepunk [10]

Answer with Explanation:

Tangible assets fall under the scope of International Accounting Standard IAS-36 Property, Plant and Equipment which says that assets that qualify following conditions, must be capitalized:

  • Assets that have life expectancy of more than a year.
  • Benefits of the Assets are controlled by the entity that will flow towards the company.

Now here, the life expectancy of laboratory equipment is unknown and also that we don't know if the asset can be resold in the market or not. This means, if the asset has life expectancy is no more than a year and that the future benefits will flow towards the company then it must be capitalized otherwise it must be expensed out as per the guidelines of International Accounting Standard IAS-38 Intangible Assets, which says that the research cost prior to the development expenditure must be expensed out.

The other two costs are revenue expenditure and must be expensed out under the name research and development cost as per the guidelines of IAS-38.

4 0
3 years ago
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