Character of the business partners. The people behind an idea or company and, more importantly, their character is extremely important. ...
Capacity of the business partners. ...
Innovative idea. ...
Communal benefit. ...
Long-term sustainability. ...
Financial outlook.
Answer:
B. False
Explanation:
Beginning balance
-Period of policy= expired 2 months
-Period of unexpired insurance = 1 month (Out of 3 month, Insurance premium for period "Jan 1 to Feb 28" is expired)
Amount in prepaid insurance insurance= $1800 * 1/3 = $600
Current balance
Period = "0" since period of coverage will start from 1 march
Period of unexpired insurance = 12
Amount in prepaid insurance = 4,100
Thus, Total amount in prepaid insurance for the beginning and Current period= $600 + $4,100 = $4,700
The amount in prepaid insurance is $4700, hence the balance as stipulated as Prepaid Insurance = $ 1,200 is false
Answer:
A. Owners equity
Explanation:
In a balance sheet, the accounting equation reflects a scenario in which assets are equal to liabilities including owners equity. This is premised on the principle of double entry which is the foundation of accounting.
Owners equity is the amount owned by the business owner or his investment in the business less drawings.eg retained earnings,profits, etc.
The reason for accounting equation is to show that the balance sheet tallies such that items on the debit matches items on the credit
Employee Retirement Income Security Act is established in 1974 mainly to protect the employee pension system from employer fraud.
<h3>What is Employee Retirement Income Security Act?</h3>
The Employee Retirement Income Security Act serves as an act of 1974 that contains rules on the federal income tax to favor employees.
This act, provides employee with benefit plans and a protection against wicked employers.
Learn more about Employee Retirement Income Security Act at;
brainly.com/question/1083892
Answer:
d. above the equilibrium level, causing a surplus of labor.
Explanation:
Market wage equilibrium refers to the ideal wage rate where the labor supply and demand curves intersect. At equilibrium wage, the benefits derived from an extra worker equals the cost associated with the additional worker.
The efficiency wage theory advocates for higher wages to motivate employees to increase production. Minimum wage laws and trades unions negotiate for higher wages above the equilibrium rate. Trade unions will fight to keep the maximum number of employees or their members in employment.
