Answer:
Aug. 1 Issues shares of common stock to investors in exchange for $10,800.
Accounting equation:
Asset + 10,800
Equity +10,800
Journal entry:
cash 18,000 debit
common stock 18,000 credit
Aug. 4 Pays insurance in advance for 3 months, $1,200.
Accounting equation:
Asset + 1,200
Assets - 1,200
Net 0
Journal entry:
prepaid rent 1,200 debit
cash 1,200 credit
Aug. 16 Receives $730 from clients for services rendered.
Accounting equation:
Asset + 730
Equity +730
Journal entry:
cash 730 debit
revenues 730 credit
Aug. 27 Pays the secretary $580 salary
Accounting equation:
Asset - 580
Equity - 580
Journal entry:
salaries expense 580 debit
cash 580 credit
Explanation:
We need to disclose how the impact in the accounting equation and the journal entry should be done:
Aug 1st the common stock is an equity account that is increasing
we receive cash that is an asset
August 4th we are using our cash to pay in advance the rent.
this gives a right to use the rental space for 3-months thus, it is not an expense is a new asset. There is no change in the accounting equation only the composition of assets changed.
August 16th we recognize earnings through revenues account this increases the equity of the company as well as assets.
August 27th in this case we pay the salaries which are an incurred cost, therefore, expense. This decreases equity.
We also use cash making assets to decrease as well.
Consumers' differing tastes are one reason why monopolistic:____.
a) firms encounter large barriers to entry.
b) competitors earn a positive economic profit in the long run.
c) competitors set price at MC.
d) competitors are similar to monopolists.
Answer:
d) competitors are similar to monopolists.
Explanation:
Monopolistic competition refers to a condition of the market in which it connects with various irms that are closely linked to each other but sell distinct products.
Also, there is free entry and exit in this market
In case when consumer taste and preferences are different so the monopolistic competitors are the same as the monopolist
hence, the correct option is d.
Borrowed $4,440 from a local bank on a note due in six months. Received $5,130 cash from investors and issued common stock to them. Purchased $1,500 in equipment, paying $450 cash and promising the rest on a note due in one year. Paid $550 cash for supplies. Bought and received $950 of supplies on account. Prepare a classified balance sheet for Spotlighter, Inc., as of January 31.
Answer:
Classified balance sheet for Spotlighter, Inc., as of January 31.
Assets
Non-Current Assets
Equipment $1,500
Total Non-current assets $1,500
Current Assets
Supplies $1,500
Cash $8,570
Total current assets $10,070
Total Assets $11,570
Equity and Liabilities
Equity
Common Stock $5,130
Total Equity $5,130
Liabilities
Accounts Payable $950
Note Payable $5,490
Total Liabilities $6,440
Total Equity and Liabilities $11,570
Explanation:
Step 1 :
First Record the Transactions as follows
J1
Cash $4,440 (debit)
Note Payable $4,440 (credit)
J2
Cash $5,130 (debit)
Common Stock $5,130 (credit)
J3
Equipment $1,500 (debit)
Cash $450 (credit)
Note Payable $1,050 (credit)
J4
Supplies $550 (debit)
Cash $550 (credit)
J5
Supplies $950 (debit)
Accounts Payable $950 (credit)
Step 2 :
Post the Account Balances to the Trial Balance as follows
Debit Credit
Cash ($4,440 + $5,130 - $450 - $550) $8,570
Note Payable ( $4,440 + $1,050) $5,490
Equipment $1,500
Supplies ($550 + $950) $1,500
Accounts Payable $950
Common Stock $5,130
Totals $11,570 $11,570
Step 3 :
After the Trial Balance has been prepared, Financial Statements can then be prepared using the list of Account Balances. Financial Statement include the Balance sheet that has been required for this question.
How does Whole Foods help employees fulfill the needs in Maslow’s Hierarchy?
Answer: it would have cost, more money for the employees and about 70% buy at least on whole food per trip. ( so sorry if this does make sense)
Explanation:
Which type of worker would most likely be able to begin work after receiving a high school degree and completing an on-the-job apprenticeship? a miner a forester a conservationist a park worker
Answer:
I think it would be a park worker
Explanation:
Park workers don't use as much heavy equipment as miners
A worker would most likely be able to begin work after receiving a high school degree and completing an on-the-job apprenticeship is conservationist. Option C is correct.
What is Conservationist?A conservationist is a person who works to preserve wildlife, plants, or their natural environments. While some environmentalists teach students about environmental issues, others clean up seabirds after oil spills in the water. He might wish to become a conservationist if you are concerned about protecting the environment and wildlife.
A person active in conservation is one who works to safeguard wildlife, plants, and other natural resources as well as to stop the loss and waste of these resources.
Further a person who complete his education Biology A-Levels are essential, as well as at least one other subject. Furthermore, geography has its uses. A BSc in Biology, Environmental Science, or Zoology might be a suitable place to start after A-Levels before specializing during a Masters for post of conservationist.
Thus option C is correct.
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Recent global changes in political and economic systems show that Multiple Choice East European communist ideology is now widespread. a lack of deregulation was the cause for the global financial crisis of 2008–2009. it is guaranteed that democracy will thrive in most of the world's newer democratic states. the multipolar world dominated by a number of civilizations of the Cold War era has vanished and is now being replaced by abipolar world. many undeveloped and impoverished national markets of eastern Europe, Latin America, Africa, and Asia are potentiallyenormous for international business.
Answer:
many undeveloped and impoverished national markets of eastern Europe, Latin America, Africa, and Asia are potentially enormous for international business.
e.g. Brazil, Mexico, Nigeria
Explanation:
all the other options are wrong because:
East European communist ideology is now widespread. a lack of deregulation was the cause for the global financial crisis of 2008–2009. ⇒ THIS IS FALSE BECAUSE COMMUNISM IS DEAD. BOTH RUSSIA (FORMER USSR LEADER) AND CHINA WHICH WERE THE LARGEST COMMUNIST COUNTRIES HAVE EMBRACED CAPITALISM.
it is guaranteed that democracy will thrive in most of the world's newer democratic states. ⇒ THIS IS FALSE, A LOT OF NEWLY CREATED DEMOCRATIC STATES FELL INTO CIVIL WAR. UKRAINE IS THE LATEST EXAMPLE
the multipolar world dominated by a number of civilizations of the Cold War era has vanished and is now being replaced by a bipolar world. ⇒ THE OPPOSITE IS TRUE. DURING THE COLD WAR THE WORLD WAS DOMINATED BY THE US AND THE USSR (BIPOLAR WORLD), NOW THE WORLD STAGE HAS MORE ACTORS WHICH MAKE SIT A MULTIPOLAR WORLD (E.G. CHINA, THE EU).
The following is a December 31, 2021, post-closing trial balance for Culver City Lighting, Inc. Account Title Debits Credits Cash $ 63,000 Accounts receivable 47,000 Inventory 53,000 Prepaid insurance 23,000 Equipment 110,000 Accumulated depreciation $ 42,000 Patent (net) 48,000 Accounts payable 16,000 Interest payable 6,000 Notes payable (due in 10 years) 140,000 Common stock 78,000 Retained earnings 62,000 Totals $ 344,000 $ 344,000 a. Calculate the current ratio. b. Calculate the acid-test ratio. c. Calculate the debt to equity ratio.
Answer:
a. Current ratio = 5.17
b. Acid test ratio = 3.06
c. Debt to equity ratio = 0.26
Explanation:
a. Current ratio = Current assets / Current liabilities
Current t assets = $63,000 + $47,000 + $53,000 + $23,000
= $186,000
Current liabilities = $16,000 + $6,000 + *$14,000
= $36,000
• Note $14,000 is gotten by ; $140,000 / 10 years.
Current ratio = $186,000 / $36,000
= 5.17
b. Acid test ratio = Quick assets / Current liabilities
Quick assets = Current assets w/o inventory
= $63,000 + $47,000
= $110,000
Current liabilities = $36,000
Acid test ratio = $110,000 / $36,000
= 3.06
c. Debt to equity ratio = Total liabilities / Shareholder's equity
Total liabilities = $36,000
Shareholder's equity = $78,000 + $62,000
= $140,000
Debt to equity ratio = $36,000 / $140,000
= 0.26
A manager receives a request from an employee to take off a Wednesday for religious reasons. The manager did not know that this employee was particularly religious and does not believe that the leave is for religious reasons. The manager believes that the employee is going to use this day as a personal day off. Should the manager investigate the situation?
Answer:
Yes
Explanation:
There is no federal law that requires that a manager give an employee days off due to religious reasons. Therefore in this scenario, the manager should investigate the situation further. If the manager finds out that the employee is taking advantage of the manager's generosity and lying then they should get reprimanded for doing so. Otherwise, the employee can have their day off as they asked.
People take permission to be off duty for different reasons. I do not want the manager to investigate the situation. It is a No for me because I believe that as Human being, we have to respect all the religion.
U.S. law clearly stipulated that that employers should not discriminate on the basis of religion and must accommodate for religious needs of the employees.Forcing employees not to use or take an off days for religious holidays is said to be not advisable.
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Which of the following is not a characteristic of a good economic model?a. Captures the full complexity of a phenomenon b. Able to make powerful predictions c. Flexible in design d. Simple to understand
Answer:
c. Flexible in design
Explanation:
An economic model is a simplified version of reality that allows us to understand and predict economic phenomena.
If economic models were flexible in design it would not make accurate predictions
Yasmin Co. can further process Product B to produce Product C. Product B is currently selling for $34 per pound and costs $26 per pound to produce. Product C would sell for $57 per pound and would require an additional cost of $22 per pound to produce. What is the differential cost of producing Product C
Answer:
Differential cost of producing product C is $22
Explanation:
Total cost of product C = Cost of product B + Additional cost to produce C
= $26 + $22
= $48
Differential Cost = Total cost to produce C - Cost of producing B
= $48 - $26
= $22
Thus, the differential cost of producing product C is $22
Write a Preliminary Investigation Report for the New Century Clinic (not Personal Trainer) case study in the book at the end of chapters 1 and 2. It should be similar to the one in the book written for the Software Case on page 96. Read the Software Case at the end of chapters 1, and 2. Chapter 2 lists the topics that should be included in the PI Report. I have attached a file of interviews with various personnel in the New Century Clinic. Try to come up with the costs like in the sample, even with the limited experience you have in this. This should be about one page long, just like in the sample. Use the same headings as in the sample. This is one report, not one for chapter one and one for chapter two
Answer:
I don't see the question all I see is your whole assignment directsions
Why Uber in Istanbul is costlier than a cab
Uber enjoys a powerful advantage in Istanbul, since its drivers do not have to acquire extortionately expensive cab licences.
An issuer is required to make an 8K filing with the SEC for which of the following events?
I. Election of new members of the Board of Directors
II. Declaration of bankruptcy
III. Declaration of a cash dividend
IV. Proposal of a merger with another corporation
Answer:
I. Election of new members of the Board of Directors
II. Declaration of bankruptcy
IV. Proposal of a merger with another corporation
Explanation:
Form 8K is expected to be filed by an organization for unexpected events that would require the knowledge of the shareholders. The form is to be completed within four days after the occurrence of the event. Some of these events include a declaration of bankruptcy by the organization, the resignation or election of new board Directors, or the merging of the company with another.
In general, events not specified in the original agreements during the establishment of the organization, or key events that happen in the course of the business must be filed in the form 8K.
Trey, Inc. reports a taxable loss of $140,000 for 2018. Its taxable incomes for the years 2015 through 2017 respectively were $25,000, $35,000, and $40,000. Trey has no temporary or permanent differences. Trey elects the carryback provision. Trey expects taxable income in future years and has a tax rate of 30% for all periods affected. What should Trey report as Net Loss on its 2018 income statement?
Answer:
$117500
Explanation:
Taxable loss = $140000 for 2018
Taxable incomes : $25000 for 2015, $35000 for 2016, $40000 for 2017
tax rate = 30%
Net loss on 2018 income statement can be offset by the taxes paid on taxable income for 2 years prior to 2018 ( i.e 2016 and 2017 )
first calculate taxes on taxable incomes for 2016 and 2017
$35000 * 30% = $10500
$40000 * 30% = $12000
hence taxable profit = 10500 + 12000 = $22500
Net loss to be reported on 2018 income statement
= $140000 - $22500 = $117500
Hot Wok Cuisine is a premium Asian restaurant chain that differentiates itself from a large number of competitors by providing exclusively organic Chinese cuisine. It has some pricing power because it provides differentiated products and therefore, has some entry barriers in place. In this scenario, Hot Wok Cuisine is most likely operating in a(n) Multiple Choice oligopoly. monopoly. monopolistically competitive industry. perfectly competitive industry.
Answer:
monopolistically competitive industry.
Explanation:
this Asian restaurant is likely operating a monopolistically competitive industry. This kind of market structure is a combination of monopoly and competitive market. as it offers products and services which one similar. Also the question says that it has some barriers to entry, which is a characteristic of monopolistically competitive industry. Also goods are similar but not differentiated
enkins Company had the following information for the year: Direct materials used $ 301,100 Direct labor incurred (9,300 hours) $ 252,600 Actual manufacturing overhead incurred $ 420,000 Jenkins Company used a predetermined overhead rate using estimated overhead of $368,000 and 8,000 estimated direct labor hours. Assume the only inventory balance is an ending Finished Goods Inventory balance of $19,700. What was adjusted cost of goods sold
Answer:
The adjusted cost of goods sold is $86,710
Explanation:
The actual cost of production incurred = Direct materials used + Direct labor incurred + Actual manufacturing overhead incurred
= $301,100 + $252,600 + $420,000
= $973,100
Actual costs of goods sold = $973,100 - $19,700
= $953,400
Direct labor cost per hour = $252,600 / 9,300 hours
= $27.16 per hour
Estimated direct labor cost = $252,600 / 9,300 × 8,000
= $217,290
Total estimated cost of production = $301,100 + $217,290 + $368,000
= $886,390
Estimated cost of goods sold = $886,390 - $19,700
= $866,690
Therefore,
Adjusted cost of goods sold =
$953,400 - $866,690
= $86,710
All the following will help you to identify suspicious sales of high-risk products in your inventory, EXCEPT FOR: A. Taking part in relevant training programs within your establishment. B. Becoming familiar with the traditional uses and sales patterns for high-risk products. C. Participating in partnership activities with law enforcement in your community. D. Identifying purchasers who have numerous questions about specific high-risk products.
Answer:
C. Participating in partnership activities with law enforcement in your community.
Explanation:
This is because, participation in partnership activities with law enforcement has no way of helping you to identify whether a product is a high-risk product or not. It could simply be a way of trying to sensitize the community on the need for something.
Identify whether each the following transactions is a primary market or a secondary market transaction: Jim Henry bought 500 shares of I.B.M. through a broker. Peggy White bought 500 shares of Apple from another investor. New York Life Insurance Co. bought 500,000 shares of Tioga Corp when the company issued the stock.
Answer:
Jim Henry bought 500 shares of I.B.M. through a broker.
SECONDARY MARKET TRANSACTIONPeggy White bought 500 shares of Apple from another investor.
SECONDARY MARKET TRANSACTIONNew York Life Insurance Co. bought 500,000 shares of Tioga Corp when the company issued the stock.
PRIMARY MARKET TRANSACTIONPrimary market transactions that place when an investor purchases securities at the time the corporation or entity issued them, e.g. if you purchased Amazon's stocks at their IPO (or any other time new stocks were issued), it was a primary market transaction. But if you purchased Amazon's stocks at any other time, it is a secondary market transaction. Almost all the transactions carried out everyday are secondary market transactions.
ABC Inc has captured the market for school glue. It is preferred by both students and parents alike. It takes very little capitalization to enter the market but nobody successfully does. The glue clearly needs no patents or secret formulas. This type of market is called: pure or perfect competition. asymmetric oligopoly. competitive monopoly. None of the above described the appropriate market structure in this case
Answer:
None of the above described the appropriate market structure in this case
Explanation:
The market is an example of a monopolistic competition
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services
A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry
An Oligopoly is when there are few large firms operating in an industry
The General Fund levies property taxes in the amount of $1,000,000 for calendar year 2019. It expects to collect $950,000 during the year, $30,000 in the first 60 days of the next year, and $15,000 during the rest of the next year. It does not expect to collect the remaining $5,000. How much property tax revenue should it recognize for the year 2019?
Answer:
Under the accrual basis, it should recognize $1,000,000 as property tax revenue for the year 2019. The remaining $45,000 that it does not collect in year 2019 will be accounted for as Property Tax Receivable while the $5,000 will be recorded as Uncollectible Expense in 2019.
Explanation:
The accrual concept or basis of accounting requires that all revenues and expenses relating to a fiscal year be recognized in that accounting year. It is not only the actual cash receipts and payments that should be recognized. This means that any revenue that is due but not yet received will be accounted for in the year that the revenue arises. And all the related expenses for raising the revenue will also be accounted for in the same year.
You invested $4,500 in a project which gave you a return of 12.5% the 1st year. You were quite happy, but the 2nd year wasn't as good. You lost 3.3% that year. The 3rd year was better - you made 5.5% on this investment. What was your annual average rate of return over the three years
Answer:
4.9%
Explanation:
The computation of the annual average rate of return over the three years is shown below:
Given that
Positive return in 1st year is 12.5%
The Negative return in 2nd year is 3.3%
And, the positive return in 3rd year is 5.5%
So, the annual average rate of return is
= (12.5% - 3.3% + 5.5%) ÷ (3 years)
= 4.9%
Transactions for the Sheldon Cooper Company, which provides welding services, for the month of June are presented as follows. June 1 Sheldon Cooper invests $4,000 cash in exchange for shares of common stock in a small welding business. 2 Purchases equipment on account for $1,200. 3 $800 cash is paid to landlord for June rent. 12 Bills P. Leonard $300 after completing welding work done on account. Identify the accounts to be debited and credited for each transaction. Account Debited Account Credited June 1 select an account debited Cash select an account credited Common Stock 2 select an account debited Equipment select an account credited Accounts Payable 3 select an account debited Rent Expense select an account credited Cash 12 select an account debited select an account credited
Answer:
June 01 - Invest cash for stock
Account Debited: Cash
Account Credited: Common Stock capital
June 02 - Equipment purchased
Account Debited: Equipment
Account Credited: Accounts Payable on account
June 03 - paid rent
Account Debited: Rent expense
Account Credited: Cash account
June 13 - Work done on account
Account Debited: Accounts receivable
Account Credited: Service revenue
Sheldon Cooper Company
Journal entries
Date Accounts title Debit Credit
1-Jun Cash account $4,000
Common Stock capital $4,000
2-Jun Equipment $1,200
Accounts payable $1,200
3-Jun Rent expenses $800
Cash account $800
12-Jun Accounts receivable $300
Service revenue $300
A security will make payments of $25 per month for the next 5 years, plus $1000 at maturity. Which of the following is true? Group of answer choices If the price increases from $1,500 to $1,600 then the period rate will be more than the nominal rate If the price increases from $1,500 to $1,600 then the yield to maturity will increase. If the price increases from $1,500 to $1,600 then the effective rate will increase If the price increases from $1,500 to $1,600 then the yield to maturity will decrease.
Answer: If the price increases from $1,500 to $1,600 then the yield to maturity will decrease.
Explanation:
If Yields in the market fell, Bonds would still be making the same coupon payments they always have been regardless of this fall. This will lead investors to buy more bonds which will have the effect of raising bond prices.
This therefore shows that Bond prices and Yields are inversely related. If one rises, the other falls. If the price of the security (bond) increases from $1,500 to $1,600 then it follows that the yield to maturity will decrease.
Does net periodidc pension cost show on the income statement?
Answer:
Yes, it is recorded in the income statement.
Explanation:
Periodic Pension Expense is mainly the cost which is related to the pension plans which are mentioned on the income statement of a company. As such these are basically employee benefits provided by the company to their employees in a periodic period and is a source of income for employees when they reach their retirement age.
The costs included in the pension expense are service cost, interest cost, return on the plan's asset, amortization of prior service cost and amortization of actuarial gains or losses incurred during the period.
Mike and Mary Jane Lee have a yearly income of $ and own a house worth $, two cars worth a total of and furniture worth $. The house has a mortgage of $ and the cars have outstanding loans of $ each. Utility bills, totaling $ for this month, have not been paid. Calculate the debt ratio for the Lee household.
Answer:
48.11%
Explanation:
Calculation for the debt ratio for the Lee household.
First step is to know the Total assets
ASSETS:
House Worth 79,352
Two Cars Worth 19,907
Furniture Worth 10,442
Total Assets =$132,449
Second step is to know the Liabilities
LIABILITIES:
Mortgage Due 58,347
Car Loan Balance 5134
(2,567 each×2)
Utility Bills 242
Total liabilities =63,723
Now let calculate for the Debt debt ratio for the Lee household using this formula
Debt debt ratio=Total liabilities/Total Assets
Let plug in the formula
Debt debt ratio=63,723 /132,449
Debt debt ratio = 0.4811×100
Debt debt ratio = 48.11%
Therefore for Debt debt ratio for the Lee household will be 48.11%
The first papers about servant leadership were written by ______.
a. Spears
b. Liden
c. Greenleaf
d. House
Answer:
c. Greenleaf
Explanation:
Servant leadership is a type of leadership in which the individual interact with each other it could be either management or fellows employees with a motive to accomplish an authority instead of power. Also it follows that organization structure which is decentralized
And, the first paper with respect to the servant leadership was wrote by Green leaf and the same is to be considered
Hence, the correct option is C.
gdaniel is working in a job that pays $18,000 per year. He is considering a one-year automobile mechanics course that costs $1,000 for books and tuition. He would stop working for a year while he attends this course. Daniel estimates that this course will increase his income to $23,000 in each of the three years following completion of the course. At the end of those three years, Daniel plans to retire to a commune in Tucson, AZ. The current interest rate is 10 percent. Is it economically rational for Daniel to enroll in the course? Explain and justify your answer.
Answer:
It is not economically rational for Daniel to enroll in the course
Explanation:
Increase in income = $23,000 - $18,000 = $5,000
i = 10% = 0.1
NPV = -(18,000 + 1,000) + 5,000/(1.1)^1 + 5,000/(1.1)^2 + 5,000/(1.1)^3
NPV = -17,000 + (4545.45 + 4132.22 + 3756.74)
NPV = -17,000 + 12,434.41
NPV = -4,565.59
Conclusion: Since NPV is Negative. Therefore, it is not economically rational. So the answer is NO.
During February 2020, its first month of operations, Schwenn Enterprises received a cash of $100,000 by its owner, Inga Schwenn. The company had cash sales of $20,000 and paid cash expenses of $35,000. Assuming no other transactions impacted the cash account, what is the balance in Cash at February 28
In managerial leadership, which part is leadership?
a. understanding.
b. facilitating.
c. exhibiting.
d. influencing.
e. demonstrating.
Answer:
All of them but if I had to choose it would be D.
Explanation:
In managerial leadership, the leadership aspect encompasses are including "understanding, facilitating, exhibiting, influencing and demonstrating". The correct option is all.
Leadership involves having a deep comprehension of the organization's goals, challenges and the needs of its team members as understanding.
It requires the ability to empower and support employees to reach their full potential and fostering a collaborative and productive work environment as facilitating.
A great leader leads by example, displaying the values, ethics and behaviors expected of their team members as exhibiting.
Effective leadership involves inspiring and motivating, communication, leaders show commitment, competence and dedication to the organization's vision and mission as demonstrating.
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Value chain activities include all of the following except:
A. Distribution.B. Supply-Chain Management.C. Operations.D. Management Information Systems.
Answer:
D. Management Information Systems.
Explanation:
Management information system may be defined as it is the system of information which is to be used for the purpose of making the decision, coordinating, controlling, analyzing and visualization of information in an organization.
Therefore the learning of the management information system includes person, technology and process in an organizational context.
While value chain may be defined as it the primary activity and support activity that add values to the customers.
Some states have recently restructured (or are considering restructuring) their electricity industries to allow utilities to purchase wholesale electricity supplies from competitive electric generators in deregulated markets. What do you think has changed that allows state policy makers to consider deregulation?
Answer:
Innovative technologies brought about by competition in the industry that cannot be fostered by state owned electricity corporations or industry
Explanation:
power sector deregulation which allow for private owned power distribution companies are done for the purpose of encouraging competition in the power sector market by eliminating monopoly brought about by state owned power sectors. This consequently eliminates lethargy and inefficiency and non customer focused state owned sectors giving birth to competitive markets where private companies can compete on prices and deliver innovative technologies to solve power problems and satisfy consumers
