Answer:
Craig's Bowling, Inc
Income Statement for the month of July
Sales ($13,300 + $8,000) $21,300
Less: Cost of goods sold ($3,490)
Gross profit $17,810
Less: Expenses
Insurance ($1,800 / 3) $600
Wages $4,500
Repair expenses $1,800
Electricity bill $2,000
Total expenses ($8,900)
Net profit $8,910
Note:
Note that the purpose of the income statement is to calculate the profit or loss for a specific period, and not the cash flows during that period. Hence, transactions c., d. and e. are not to be recorded in the income statement for the month of July.
Your answer is .... PRIVATIZATION.
Answer: The correct answer is "c.Crow will have a business deduction of $120,000 for the value of the services Mary will render.".
Explanation: With respect to the transfers: Crow will have a business deduction of $120,000 for the value of the services Mary will render.
This is calculated by the difference between the value of the property contributed by Earl $1 600 000 and the value of the property contributed by Mary $1 480 000.
1 600 000 - 1 480 000 = $ 120 000.
Answer:
Tort law is the civil law that enables the employees to seek compensation by the business if anything wrong is done against them.
Explanation:
Tort law secures the rights of employees and enables them to ask for compensation if they are mentally disturbed or physically harmed by the business activities or management team. The law also protects individuals from the threats of harm and compensation can be seek by providing proofs in the court.
