Answer:
These statements are correct:
In a command economy, state-owned enterprises have little incentive to control costs and be efficient.
In a command economy, the absence of competition means that state-owned enterprises do not have incentive to be efficient. This is because In command economies, these companies are most of the time monopolies who have a safer market to sell their products, because consumers lack choice.
Mixed economies were once uncommon throughout much of the world, although they are becoming more popular now.
Most economies now are mixed: in part free market economies, in part command economies. For example, in most developed countries, most sectors are left for private companies to compete, but a few areas are still directly controlled by the government, either fully or partially (for example: the healthcare sector, and education).
Answer:
Soundgarden Company
Journal Entries:
July 10, 2020:
Debit Cash Account (or Accounts Receivable) $800,000
Credit Sales Revenue $800,000
To record the sale of 200 copiers at $4,000 apiece.
July 10, 2020:
Debit Warranty Expense $66,000
Credit Warranty Liability $66,000
To record the estimated warranty maintenance on copiers sold.
December 31:
Debit Warranty Liability $17,000
Credit Inventory $17,000
To record actual warranty costs incurred.
Explanation:
Soundgarden should record these transactions according to the matching principle, whereby warranty expense is recognized in the period that matches the sale so that all expenses related to sales are recognized when the sales are recognized. This is achieved by creating a warranty liability account after the sales and recording a warranty expense as the debit entry. When actual warranty costs are incurred, the Soundgarden Company will debit the warranty liability and credit the inventory actual for the actual costs.
Answer:
Ending inventory at retail = $902,000
Ending inventory at cost = $550,424
Explanation:
Kindly check attached picture
Answer:
Apologize and come up with a new plan. Of course, you need to apologize, if you don't then that becomes a problem. (especially if they are a Karen.) After apologizing start to explain what you are going to do about it. For Example Refunds, Store Credit, Replacement, Etc. To start off. Then fix the problem. Also, tell them that you are going to do so and so to fix it. Like creating anew toy or whatnot. Hope this helps!
Answer:
Explanation:
The computation is shown below:
The free cash flow is
= Expected net operating profit after taxes - net capital expenditure - net operating working capital
= $2,400 million - $360 million - $45 million
= $1,995 million
Now the total firm value is
= Free cash flow ÷ (cost of capital - growth rate)
= $1,995 million ÷ (11.70% - 3.90% )
= $1,995 million ÷ 7.8%
= $25,576.92 million
Now the intrinsic value of equity is
= Total firm value - outstanding debt - preferred stock
= $25,576.92 million - $11,510 million - $6,394 million
= $7,672.92 million
And, the intrinsic value per share
= $7,672.92 million ÷ 675 million shares
= $11.37 per share
