Answer:
A) true
Explanation:
This requirement applies mostly to used cars. Some states do not require emissions inspections for vehicles that are less than 4 or 6 years old (depends on the state, e.g. Arizona's threshold is 6 years). Other states also allow certain old vehicles to not pass emissions inspections (e.g. Massachusetts does not requires vehicles over 15 years old to pass emissions inspections).
Those vehicles that do not pass the emissions inspections will not be registered by the Department of Motor Vehicles (DMV), that means they will not receive a license plate so it is illegal to drive them.
Answer:
see below
Explanation:
1. Personal Savings
The sole trader can invest his savings into his business for expansion. A sole trader who is confident about his business's prospects will be prepared to invest additional savings into the business for growth. The use of savings relieves them from the strain of interest payments and enables them to retain full control over the business.
2. Sale of Assets
Should a sole trader require funds to expand their business, they opt to dispose of some of their assets. If the trader does not have savings or retained earnings and have a property registered in their name, they may decide to sell it to raise capital.
Answer:C. full efficiency in this market could be achieved even without reallocating workers between the two markets.
Explanation:
The marginal product of labour is the additional value that will be gained from production from employment of additional labour. The Entrepreneur will be willing to employ additional labour if the wages is lower than the marginal productivity and efficiency will only be achieved at that point.
Moving the labour from to market will not achieved efficiency in either market, for the wage rate is higher than the marginal product of labour in both market.
Increasing wage rate will reduce the efficiency and there is need to increase efficiency by making the marginal product of labour to be higher than labour rate.
Answer:
$111,000
Explanation:
net income for Skysong during 2022:
total revenues $748,000
<u>- total expenses ($637,000)</u>
net income $111,000
Net income is not affected by new common stocks being issued, since no interests is paid.
It affects dividends because without net income dividends cannot be distributed, but dividends do not affect net income,
Retained earnings are increased by net income after taxes (= $111,000 x 79% = $87,690) - distributed dividends $36,000 = $51,690
It will take an approximate of 52 years to triple the initial investment.
The formula for Future value is <em>A = Pe^(rt)</em>
<u></u>
<u>Given Information</u>
Triple amount
Rate = 2.1%
Therefore, it will take an approximate of 52 years to triple the initial investment.
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