Answer:
The correct answer is letter "D": sole proprietor.
Explanation:
A sole proprietorship is a type of organization where the owner is only one person and the individual files taxes on the profits earned with the business. Under this regime, the owner is fully liable for the company which implies personal assets can be considered in front of debt.
When it comes to reporting equity, a <em>sole proprietorship</em> does it in the same way as a <em>Limited Liability Corporation</em> (LLC). The only difference relies on reporting the equity under the sole proprietor name rather than the name of the LLC.
Answer:
move along upwards
shift out
shift in
Explanation:
A change in price of a good leads to a movement along the supply curve and not a shift of the supply curve.
Other factors other than a change in the price of the good would lead to a shift of the supply curve. Such factors include :
- A change in the price of input
- A change in the number of suppliers
- Government regulations
When the price of corn increases, the quantity supplied of corn increases. this is in line with the law of supply.
according to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.
This would lead to a movement up along the supply curve
If the price of seed which is an input to corn decreases, it becomes cheaper to produce corn. As a result, the supply of corn would increase. this would lead to an outward shift of the supply curve.
If the number of grocery stores decreases, there would be a reduction in supply. As a result, the supply curve would shift inwards
The academic career to become a school counsellor can be either bachelor in Psychology, Education or any other related field. This is because of these academic tracks deals and interacts with people. School counsellors need to be open and ready to interact with students, teachers and parents.
The policy is not practical because it is not enforceable. Lots of shops or businesses will not practice this as it will scare customers away.
<h3>Why is the policy not fair?</h3>
The policy is not fair because throw away paper is recyclable while plastic bags are not. Hence people who use paper should not be charged as much as those who use plastic bags, if at all.
<h3>What is the saving due if a person brings their own container to bag their groceries?</h3>
They most likely wills save 5% on every purchase made.
<h3>Why are environmental policies important?</h3>
The goal of environmental law is to safeguard the
- land,
- air,
- water, and
- soil.
Infractions of these rules result in a variety of penalties, including fines, community service, and, in severe circumstances, jail time.
Without environmental regulations, the government would be unable to penalize people who harm the environment.
Learn more about environmental policies:
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Answer:
Net Income understated by $20,000
Explanation:
In the first year, closing inventory was overstated by $80,000. The implications of the above would be,
Net Income for the first year would be overstated by $80,000
In the Second year,
Opening Stock would be overstated by $80,000
Due to this, cost of production stands overstated by $80,000.
Now, given in the question that closing stock for second year is overstated by $60,000 i.e profits are overstated by $60,000.
This means, the net effect on profits would be, $80,000 less $60,000 i.e $20,000 understated profits for the second year.
