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Q: Is it true Capitalism replaced mercantilism as the economic theory prescribed to freeing industry from government regulations?
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What is an agreement to sell become a sale when the time elapses or the condition is fulfilled subject to which the properties in the goods is to be transferred?

A agreement to sell becomes a sale when the prescribed time elapses or the conditions, subject to which the property in the goods is to be transferred, are fulfilled.


What are spurious goods?

There is increasing supply of duplicate products. It is very difficult for an ordinary consumer to distinguish between a genuine product and its imitation. It is necessary to protect consumers from such exploitation by ensuring compliance with prescribed norms of quality and safety.


What are the symptoms of poor working capital management?

Poor management is reflected by the fact that the holding period of finished products increases, recovery of cash from debtors takes time, the working capital turnover ratio is on a high, short term liquidity position of the company comes below the prescribed ratio of 1:33 and many more other reasons.Answered by RNB


What does the phrase time is of the essence mean?

"Time is of the essence" is a phrase used to emphasize that the actions described need to be completed in a reasonable amount of time. This phrase requires a party to act within the time set forth in the document. Often if the party fails to act within the time prescribed, the other party has a recourse such as a fine per day of non-action or even voiding the contract. If no time is prescribed or the time set forth is woefully inadequate, then the standard for a party to act is within a reasonable amount of time. This may seem like a vague term but it is surprising how often 100 people polled agree on what a reasonable time would be. The problem here arises when the parties can't agree on what is a reasonable time and the disagreement ends up with a judge deciding the matter. In all matters involving real estate, be as specific as is possible. You need to ask a lawyer or real estate agent how much time certain acts will require, Include these time windows where appropriate and include the phrase "time is of the essence" so the time windows are enforceable.


Fiscal policy questions just true or false please help?

I am not sure in my answers.Could you please help me?1. Non-for-profit and governmental entities differ from for-profit entities in that their operating purposes are other than to provide goods and services at a profit or profit equivalent. - False2. Financial accounting foundation governs both non-governmental not-for-profit and governmental not-for-profit organizations - True3. The two basis financial statements prescribed by GASB are government-wide and fund financial statements.4. Interest due on long-term debt service fund would be captured on the fund statement - True5. Proprietary Fund provide service only to the public - False6. The balance of the supplies account on the statement of position would be captured in the nonspendable fund balance on the statement of net position on the fund statement - True7. The general fund is always reported as a major fund on the fund statement - True8. Each government has only one general fund - True9. GASB requires all nonmajor funds to be aggregated in a single column - True10. Fund balance to be reported on the fund balance sheet is divided into five categories - True12. The government wide financial statement uses the current resource focus. - True13. Other financing uses have the same impact on the fund financial statement as expenditures - False14. Revenue is always recognized at the point when property taxes are levied - False15. Appropriation is a budgetary control account for expenditures - False16. When equipment is bought expenditures is debited under both the fund base and government wide financial statements - True17. A credit to the budgetary fund balance account during the year end closing process means that the government had a planned deficit during the period - False18. Encumbrances are usually used to record commitments - True19. When taxes are levied revenues are reduced by the estimate uncollectible amount - False20. Tax anticipation notes would be recorded as a liability and represent borrowing secured by future tax revenues - True21. The purchase or consumption method may be used to account for supplies purchase on the fund base financial statement - True22. Under the consumption method expenditures would be debited at the time of purchase - False23. Grants are always recognized as revenue when announced - False24. Interperiod allocation is a term used when revenues are sufficient to cover expenditures during a fiscal year - True25. Current resource focus is more closely related to fiscal responsibility than economic resource focus - False26. When accounting for a capital lease transaction "other financing sources" is credited in the initial entry for fund accounting is utilized - True27.The proceed from sale of a capital lease is credited to "other financing sources" when using fund accounting - True28. A purchase of a capital asset is recorded as a debit to expenditures in the government wide financial statement a debited to related capital asset account in the fund statement - True29. The American diabetes association would not be considered a VHWO - True30. The ability to levy taxes is one characteristic of a government not-for-profit organization - False31. GASB governs public and private not-for-profit organizations - False32. FASB requires that all VHWO to prepare statement of functional expenses - False33. Accrual accounting is generally used to account for not for profit expenses - False34. A sinking fund would most likely utilized in the general fund - False35. Under fund accounting "property tax receivable -current" is credited property tax receivable -delinquent debited for the amount of pass due property tax - True36. Investment in securities are normally carried at fair market value when using fund accounting - True37. Board designated net assets are reported in the temporary restricted net assets section of the statement of Financial position of the not for profit organization - False38. Temporary restricted gifts to acquire a building would be reported in the financing section of the statement of cash flows for a not for profit organization - True39.All expenses are reported in either the unrestricted, temporary restricted and permanently restricted sections of the Not for profit consolidated statement of activities - True

Related questions

What document is an approval issued by DOD in instances where a packaging design differs from the prescribed regulations in 49 CFR?

Certificate of Equivalency


What document is an approval issued by DOD in instances where a packaging design differs from prescribed regulations in 49 CFR?

Certificate of Equivalency


What is a example of limited government?

a type of government in which its functions and powers are prescribed, limited and restricted by law.


Wear of military awards and explanation of awards?

Each US Military Service has its' own regulations concerning the wear of military awards. They are worn in a prescribed "Order of Precedence". This Order can also be found in each services' regulations.


How do you use the word prescribed in a sentence?

A doctor will often prescribe medication to treat an ailment or condtion. The board of directors is expected to prescribe measures to fix the company's problems. We have to abide by whatever regulations that the state may prescribe.


What must be done to enter the US as a legal immigrant?

Follow the rules prescribed by the Government for immigrant.


How do you write hajj leave from Bangladesh office?

Every government has prescribed forms to fill up for hajj. Get the form and submit it to the ministery of hajj.


What is phenobarbitol prescribed for?

it is prescribed for seizures


What are the recommendations for taking penicillins?

Dosages are prescribed by physicians, always take as prescribed, for as long as it has been prescribed and only for the infection it was prescribed for.


What is a limit?

The constitution limits the action of government by specifically listing power it does not have.A type of government in which its functions and powers are prescribed, limited, and restricted by law.The power of government to intervene in the exercise of civil liberties is restricted by law, usually in a written constitution


Who decides when election for the house of congress is held?

The times, places and manner of holding elections for Senators and Representatives shall be prescribed in each state by the legislature, but the congress may at any time by law make or alter such regulations.


What is a limited government-?

The constitution limits the action of government by specifically listing power it does not have.A type of government in which its functions and powers are prescribed, limited, and restricted by law.The power of government to intervene in the exercise of civil liberties is restricted by law, usually in a written constitution