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atroni [7]
3 years ago
12

How can producers make the most profit? Check all that apply.

Business
1 answer:
Ymorist [56]3 years ago
4 0

Answer:

The answer is B, C, and E.

Explanation:

Saw this post and one other neither had the correct answer so i figured i would help anyone out that needs the correct answer.

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Give at least one disadvantage of incorporation and explain why it is a disadvantage.
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Answer:

1. Lack of ownership

2. Higher taxation

3. Legalities and formalities

Explanation:

An incorporated company is one that has a separate legal entity from that of its owner and shareholders. Disadvantages of an incorporated company include:

  • <em>Lack of ownership</em>

An incorporated business is a separate entity from its owner. Hence, separate bank accounts would be required along with separate business identification since personal identification would not be sufficient. At the same time, personal funds must be kept separate from business funds. Mixture of the two is an offense against the law. Also, as shareholders are involved, they may have voting rights, hence, the owner will not have a complete say in all business activities.

  • <em>Higher taxation</em>

Incorporated companies are expected to pay higher taxes whilst others may have minimum taxable limits. The owner will have to pay income tax as well as corporate taxes. They will also accumulate other expenses such as accounts and legal fees whilst processing these complex taxation methods.

  • <em>Legalities and formalities</em>

Incorporating a business in itself requires complex procedures and a lot of paperwork. After this has been accomplished, the company is still expected to follow strict codes of conduct such as those provided by the Companies Act. This would include the way borrowings and lending occur, investments, dividend provisions, meetings and audits. They will also have to register documents under the Registrar of Companies.

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3 years ago
Suppose nominal GDP in 2006 was $14460 billion. If the current year price index is 127. What was the real GDP for 2006 (in billi
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$113.86 billion

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Real GDP = nominal GDP/ price index

Real GDP =  $14460 billion / 127 = $113.86 billion

I hope my answer helps you

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