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cluponka [151]
2 years ago
10

During the a recession, the government of Cashland flooded several banking, financial services, and insurance firms with governm

ent funds in exchange (at least temporarily) for government ownership rights. This move signaled the government's concern that the global banking system might collapse if these firms ended up in bankruptcy. This decision for government involvement in these firms demonstrates
the trend of mostly capitalist nations to move toward socialism.
The trend is clearly toward more mixed economies; even in the United States. Socialist nations are taking on more capitalist perspectives and capitalist nations are adapting some socialist principles
the freedoms the Cashland government has under capitalism.
the unforgiving nature of capitalism.
Business
1 answer:
RSB [31]2 years ago
6 0

Answer:

The trend of mostly capitalist nations to move toward socialism.

You might be interested in
_____ tend to outperform during an economic slowdown. a. Consumer durable goods b. Consumer staples c. Cyclical companies
aleksandr82 [10.1K]

Answer:

Option C, Cyclical companies, is the right answer.

Explanation:

Option C, “Cyclical companies” is the correct answer because the cyclical companies are sensitive to the business situation or cycle. During the economic prosperity, the revenue of these type of firms is expansionary and higher. While in the situation of economic slow down the performance of these companies goes on decreasing or outperform and its operation starts contracting in the adverse economic situation. Therefore. The option “Cyclical companies” is the right answer.

8 0
2 years ago
A company has the choice of either selling 1,000 unfinished units as is or completing them. The company could sell the unfinishe
professor190 [17]

Answer:

It is more convenient to sell the units unfinished by $500.

Explanation:

Giving the following information:

Units= 1,000

Unfinished:

Selling price= $4.00 per unit.

Complete:

Incremental costs= $1.00 per unit for direct materials, $2.00 per unit for direct labor, and $1.50 per unit for overhead

Selling price= $8.00 each.

We need to calculate the gross profit of each option and choose the more convenient:

Unfinished:

Gross profit= 1,000*4= $4,000

Complete:

Gross profit= 1,000*(8 - 4.5)= $3,500

It is more convenient to sell the units unfinished by $500.

5 0
2 years ago
Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends.
Arturiano [62]

Answer: $8.81

Explanation:

To solve this, add the present values of the dividends from years 3, 4 and 5 and then add the present value of the terminal value of the stock at year 5.

Year 3 dividend = $0.50

Year 4 dividend = 0.50 * (1 + 49%) = $0.745

Year 5 dividend = 0.745 * 1.49 = $1.11005

= Dividend in year 3 / (1 + required rate of return)³ + Dividend in year 4 / (1 + required rate of return)⁴ + Dividend in year 5 / (1 + required rate of return)⁵ +   (Dividend in year 5 * (1 + growth rate) / ( required rate of return - growth rate ) ) / (1 + required rate of return)⁵

= 0.5 / 1.16³ + 0.745/1.16⁴ + 1.11005/1.16⁵ + ( 1.11005 / (16% - 9%)) / 1.16⁵

= $8.81

5 0
1 year ago
Use the following list of accounts for Milner's Star Express Cleaning Service. Cash $2,026 Fees Earned 13,835 Accounts Payable 7
Marysya12 [62]

Answer:

                 Milner's Star Express Cleaning

Income Statement For the Year Ended December 31, 20--

Fees Earned                   13,835

Utilities Expense   153

Rent Expense    1,200

Wages Expense 1,650  

total expenses              <u>   3,003   </u>

net income                      10,832

Explanation:

We will subtract the expenses account from the fees earned to get net income

The other accounts will be ignores as they are not used in the calculations for the net income

3 0
2 years ago
Harrelson Company manufactures pizza sauce through two production departments: Cooking and Canning. In each process, materials a
Marina CMI [18]

Answer:

Both the department entries are posted.

Explanation:

Harrelson Company

General Journal

Date             Account Titles and Explanation      Debit          Credit

April 30          Work In Process    Cooking           22,800        

                           Work In Process Canning           10,900

                            Direct Materials Inventory                            33700

(To record materials used)

30                      Work In Process  Cooking         9,430  

                            Work In Process Canning         7,230

                               Direct Labor                                             16,660

(To assign factory labor to production)

30                         Work In Process     Cooking     33,800

                               Work In Process Canning      28,100

                                  Manufacturing Overhead                     61900

(To assign overhead to production)

30                           Work In Process Canning         55,900

                                       Work In Process  Cooking                  55,900

(To record costs transferred in)  Assuming Canning is the second department and cooking is the first. So costs are transferred from the first to the second department.

8 0
2 years ago
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