Free markets allocate economic goods

Assignment Help Accounting Basics
Reference no: EM131032202

1. "Free markets allocate economic goods in the most socially beneficial way and ensure progress." 

a. To what extent is this statement true? 

b. To what extent do you think it is false ? 

Reference no: EM131032202

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  Inglewood inc obtained all of the outstanding common shares

jernigan corp. had the following account balancesreceivables 96000inventory 240000land 720000building 600000liabilities

  What are the steps of object oriented systems development

What are the steps of object oriented systems development?

  Prepare the journal entries of roswall corporation

On January 1, 2010, Roswall Corporation's common stock is selling for $55 per share. On this date, Roswall creates a compensatory share option plan for its 60 key employees.

  Primary consideration when assessing inherent risk

Which of the following is not a primary consideration when assessing inherent risk?

  Agler railroad co is about to issue 400000 of 10-year

agler railroad co. is about to issue 400000 of 10-year bonds paying a 9 interest rate with interest payable

  How the act has attempted to change human behavior

The Sarbanes-Oxley Act of 2002 (SOX) was the catalyst for significant changes in the accounting profession and financial world. One objective of SOX was to deter fraudulent activity within an organization.

  What is the amount and character of the recognized gain

Sylva transfers to Leaf Corporation a machine she had purchased a year ago for $50,000. The machine has a $40,000 adjusted basis and a $55,000 FMV on the transfer date.

  This year how should skinner account for the potential

1. potential costs due to the discovery of a possible defect related to one of its products. these costs are probable

  Abc company has the following costs related to its

abc company has the following costs related to its manufacturing process supervisor salaries 100000 utilities 30000

  What actions company take if refused to return extra checks

Ken a salaried employee, was terminated from his company in Aprilof this year. Ken refused to return the four extra checks. What actions should the company take?

  What does an entity-relationship diagram represent

Discuss the key activities in the revenue, conversion, and expenditure cycles. What does an entity-relationship diagram represent? Why do accountants need to understand them?

  The city of albertville invests the assets of several

the city of albertville invests the assets of several neighboring cities through its investment trust fund. what

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd