Answer:
C.
Explanation:
Privatization and nationalization are two words that have opposite meanings, which makes them antonyms. Privatization is the process by which a government-owned business or a publicly-owned business is transferred into private ownership. The idea may be that privatization leads to a more efficient institution. Nationalization is the process by which privately owned business is transferred into government or public ownership. The idea may be that the business is so important to the well-being of the public that it can not be trusted to private individuals, or it may be that the government is over-reaching. Nationalization is the process of transforming private assets into public assets by bringing them under the public ownership of a national government or state.Nationalization usually refers to private assets or assets owned by lower levels of government, such as municipalities, being transferred to the state .The opposites of nationalization are privatization and demutualization. When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone re-nationalization. Industries that are usually subject to nationalization include transport, communications, energy, banking, and natural resources. Therefore privatization and nationalization are opposing trends. C is correct .
B. When a firm spends a small amount of money on advertising, this signals that the quality of the good is high.
C. If a firm knows its product is of low quality, it will be willing to spend large amounts of money on advertising.
Answer:
A. When a firm spends a large amount of money on advertising, advertising can be construed as a signal of quality.
Explanation:
When a firm spends a large amount of money in advertising its product, it means that the company is confident about its product and is willing to spend a lot because they know their product would be a success
I hope my answer helps you
Answer: C
10 days
Explanation:
A letter of comments is issued by the Security and Exchange Commission when they identify issues that can be improved on by a firm in order to improve its financial disclosures. All firms that are issued a comment letter must respond to them until its satisfies the requirement of the Exchange. This letter typically has a response period of 10 days, although it can be increased by a counsel call by the firm's management to SEC.
Answer:
2021 = 9.2 times
2022 = 10.4 times
Explanation:
Accounts receivable turnover measure the average times the company received their receivable, It measure the efficiency of the company regarding collection from customers. Turnover will be higher if company has low ratio of receivables to sales value.
2022 2021
Average accounts receivable $539,000 $577,000
Net sales on account $5,605,600 $5,308,400
Accounts receivable turnover = Net Sales / Average Receivable
2021
Accounts receivable turnover = $5,308,400 / $577,000
Accounts receivable turnover = 9.2 times
2021
Accounts receivable turnover = $5,605,600 / $539,000
Accounts receivable turnover = 10.4 times
Answer:
2022 accounts receivable turnover = 10.4 times
2021 accounts receivable turnover = 9.2 times
Explanation:
Accounts receivable turnover can be described as the number times it takes a company to collect its average accounts receivable within a specified accounting period, usually a year. It is used as a measure of efficiency of a company in collecting account receivables in a timely manner.
Accounts receivable turnover is therefore a ratio of net sales on account to the Average accounts receivable within a specified year. This can be stated as follows:
Accounts receivable turnover = Net sales on account/Average accounts receivable ………. (1)
Using equation (1), accounts receivable turnover for 2022 and 2021 can be calculated as follows:
2022 accounts receivable turnover = $5,605,600/$539,000 = 10.4 times
2021 accounts receivable turnover = $5,308,400/$577,000 = 9.2 times
The results imply that Marigold Company is more efficient in collecting account receivable in 2021 than 2022, because it takes fewer number of times in 2021, 9.2 times, than in 2022, 10.4 times.
Answer:
The budgeted accounts receivable balance at the end of February is closest to: $4,500.
Explanation:
Prepare a Accounts Receivable Budget for January and February
January February
Balance b/d $0 $4,200
Credit Sales $7,000 $7,500
Cash Received (40%) ($2,800) ($3,000)
Cash Received (60%) $0 ($4,200)
Balance c/d $4,200 $4,500
Conclusion:
Therefore, the budgeted accounts receivable balance at the end of February is closest to: $4,500
Answer:
D) Has no effect on total equity but decreases retained earnings.
Explanation:
Dividends refer to the distribution of profits to the common stock holders.
This is basically an appropriation of profits.
When dividends are declared, then the retained earnings are reduced and a liability is created.
Announcing and declaring a dividend is a right to claim dividend by shareholders.
Thus, it do not affect the equity at all, but a liability is created and the moment dividend is paid liability is settled.
Answer:
Total expected cash collections for May are $24554
Explanation:
The May's cash collections will include collections from March's credit sales worth 15% of March's sales, collections for April's credit sales worth 25% of April's credit sales and collections worth 55% of t=May's credit sales. Thus the collections are,
Collection for March's sales = 12764 * 0.15 = $1914.6
Collection for April's sales = 27406 * 0.25 = $6851.5
Collection for May's sales = 28706 * 0.55 = $15788.3
Total expected cash collections for May = 1914.6 + 6851.5 + 15788.3
Total expected cash collections for May = $24554.4 rounded off to $24554