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The Making the Connection argues that a key difference between market economies and centrally planned economies, like that of the former Soviet Union, is as follows: In market economies, decisions about which investments to make and which technologies to adopt are made by entrepreneurs and managers with their own money on the line. In the Soviet system, these decisions were usually made by salaried bureaucrats trying to fulfill a plan formulated in Moscow. But in large corporations, investment decisions are often made by salaried managers who do not have their own money on the line. These managers are spending the money of the firm's shareholders rather than their own money. Why, then, do the investment decisions of salaried managers in the United States tend to be better for the long-term growth of the economy than were the decisions of salaried bureaucrats in the Soviet Union?
The accounts receivable turnover ratio is computed by dividing:
Marchand Corp is considering the purchase of a new piece of equipment, which would have an initial cost of $500,000, a 7 year life, and $150,000 salvage value. The increase in cash flow each year of the equipment's life would be as follows:
assume there is a well-financed one-year-old company in the biotech industry that is concentrating on developing
NBS, Inc. is a technology consulting firm focused on Website development and integration of Internet business applications. The president of the company expects to incur $719,600 of indirect costs this year, and she expects her firm to work 8,000 ..
The following is a set of five (5) user stories, comprised of information acquired from Riordan Manufacturing employees. These user stories will assist our team with the development of Riordan's Inventory Management System, which is currently in t..
leassee acounting-capital lease. rental payments of 219000 including 19000 for property taxes payable at the beginning
Tech, Inc., sells its brand-name computer equipment directly to its franchised retailers. Depending on how existing franchisees do, Tech may limit the number of franchisees in a given area to reduce intrabrand competition. Tech's restriction on th..
list some of the choices management could make to increase reported earnings but lower the quality of reported
for many years diehl company has produced a small electrical part that it uses in the production of its standard line
presented below is selected account information related to fryman inc. at year-end. all these accounts have debit
Prepare the segmental report to be disclosed in the notes to the accounts of Pan Malaysian Airlines Bhd as at 31 December 2011 showing all relevant information - Describe briefly factors to be considered in determining whether or not products and ..
The company nought all of its equipment on January 1, 2009. The equipment has an estimated total residual value of 12,000. The company uses the straight line depreciation method.
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