All categories

2 years ago

Why was it inefficient to leave highway construction to individual states?

1 answer:

7 0

Because highway often connect several regions between states and the indivdual states often only want to be responsible for the construction of their own states. This will cause many leftover material and the abundance of expense from the Government's budget so it better to leave the matter on federal Government.

You might be interested in

How do businesses and not-for-profit organizations help create our standard of living?

cluponka [151]

The businesses and not for profit organizations help create the goods and services on the basis of our standard of our living.

Explanation:

Businesses play an important role in regulating our life by offering jobs, and goods and services to society. Quality of life means helping the educational institutions, health departments, sanitation etc.

Not for profit is an organization that continues to live to carryout targets other than making a business profit. Not all organizations live for profit some believe in helping needy. Charities like habitat for humanity, American cancer society, etc. are part of not for profit organizations. Last 20 years, not for profit organizations, employees and volunteers have rapidly increased.

3 0

1 year ago

A business owner makes 50 items a day. She spends 8 hours in producing those items. If hired elsewhere she could have earned $10

ElenaW [278]

Answer:

Option (a) is correct.

Explanation:

Given that,

Explicit costs = $10,000

Here, the implicit cost is the cost of sacrificing money income from job:

= $10 per hour × 8 hours a day × 30 days

= $2,400

Revenues:

= Items produced in a day × Selling price of each × 30 days

= 50 × $10 × 30

= $15,000

Therefore,

Economic profit for the month:

= Revenues - Explicit costs - Implicit cost

= $15,000 - $10,000 - $2,400

= $2,600

8 0

1 year ago

In a business environment, persuasion is critical to success. Persuasion is necessary when you anticipate resistance or when you

wariber [46]

Answer:

The correct answers are:

(C) Anticipate objections: A person who persuades correctly and with ethics can anticipate the objections or doubts that people who are subject to persuasion have in order to effectively answer any questions they may have and be able to make the deal effective.

(D) It generates interest: It generates interest because at that time it usually creates a need for the person who does not have or who mainly does not know he does not have.

(E) Ask for a particular and easy action to take: In general, persuasion, as it is a created need, is easier to create small and easy-to-execute actions so that persuasion work is effective because if the person who is doing the work does it with larger actions, it is likely that it will not capture the attention of the person with whom it is being done, emphasizing that these actions should always be done considering the ethical principles of a company and society.

6 0

2 years ago

On January 1, 20X9, Pitcher Corporation purchased 100 percent of Softball's stock. All tangible assets had a remaining economic

mina [271]

Answer:

The question is not complete,find attached complete question in word document.

Find all the journal entries in the attached spreadsheet

Explanation:

Please note the following points:

The goodwill is the excess of purchase consideration of $ 476,500.00 over the net assets of Softball acquired,that is $ 318,000.00

The net assets is total assets acquired of $374,000 minus the liabilities taken over of $56000

Equity method income is the difference between Softball's net income reported and the dividends paid

Download docx

docx

xlsx

5 0

2 years ago

The company's adjusted trial balance as follows includes the following accounts balances:

frozen [14]

Answer:

Closing Journal Entries:

1. Debit Fees Earned $56,000

Credit Income Statement $56,000

To close the account for the period.

2. Debit Income Statement $25,000

Credit Depreciation Expense $25,000

To close the account for the period.

3. Debit Income Statement $23,000

Credit Salaries Expense $23,000

To close the account for the period.

4. Debit Income Statement (Retained Earnings) $2,000

Credit Dividends $2,000

To close the account for the period.

Explanation:

Closing entries are journal entries that are made to close temporary (periodic) accounts, revenue and expenses to the Income Statement. This paves the way for only permanent accounts to remain for the Balance Sheet. Temporary accounts are not carried forward to the next period unlike permanent accounts.

Closing entries transfer all revenue and expense accounts at the end of an accounting period to an income summary account, for the purpose of calculating the financial performance results (called gross profit and net income or loss) for the period.

7 0

1 year ago