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Explain whether each of the following government activities is motivated by a concern about equality or a concern about efficiency. In the case of efficiency, discuss the type of market failure involved. a) Regulating cable TV prices b) Providing some poor with vouchers that can be used to buy food. c) Prohibiting smoking in public places d) Breaking up Standard Oil (which once owned 90 percent of all oil refineries) into several smaller companies. e) Imposing higher personal income tax rates on people with higher incomes f) Instituting laws against driving while intoxicated.
Create the entry to record the asset retirement obligation. Use Oil Platform as an account title and Prepare the journal entries to record
The aBC Class A share mutual fund has a NAV of 35.64 and an offer/purchase of 37.81. How many shares will you receive when you invest 10,000?
The board of directors of Dell declared cash dividends of $70,000 in 2011 after paying $40,000 cash dividends in 2010 and $50,000 in 2009.
Sam will continue to manage the business. He is not willing to own less than 50% of whatever arrangement they arrive at. Illustrate what issues should Sam and Marcie address and document before finalzing their venture?
During March, it made 5,000 service calls. How much will Byters on Call’s profit increase if 160 more service calls are made?
Cost of goods sold was $10,800,000 for Webb and $6,400,000 for Rand. What was consolidated cost of goods sold?
Is a salary that is classified as unreasonable by the IRS disallowed as a deduction to the corporation?
Compute the gross profit margin, operating profit margin, and net profit margin for the company. Write a short essay explaining the differences you find between the profit margins calculated and why you think the profit margins differ.
Accounting treatment for errors and corrections - Income Statement and the stockholder's equity section of the Balance Sheet using the symbol (O/S) for overstated, (U/S) for understated, and (N/E) for no effect.
Determine the pre determined overhead rate from the given data - determine the predetermined overhead rate.
Prepare the March income statement for Gantt Manufacturing company. Determine the inventory balances at the end of the first month of operations.
Examine how corporations address non-liquidating distributions are addressed, determine the mistake most difficult to avoid, and make at least one recommendation for how to avoid the mistake you identified.
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