Answer:
The correct answer would be option D, In an unlimited liability situation.
Explanation:
When a business is owned by a single person, then he is the one who is solely responsible for getting all profits and bearing all losses. Such type of business is called as the sole proprietorship, in which the liability situation is unlimited. He would have an unlimited liability upon himself only. There will be no one to share his liability. So in case of debt and damages, the owner of the business who will be most affected by the situation will be the one owning a business as a Sole Proprietor. So option D is the correct one.
Answer:
$510,130
Explanation:
Costs can be classified into two categories: Product Costs and Period Costs. Product costs are the manufacturing costs that are incurred in the production of goods and services. Under absorption costing, product costs include direct materials, direct labor, indirect materials, indirect labor, and other factory overhead. These costs are capitalized and expensed out when related goods and services are sold out.
On the other hand, period costs are selling & administrative expenses. These costs are never capitalized and expensed out in the statement of profit or loss as soon as incurred. Examples of period costs are advertisement expenses, depreciation expenses (not related to factory), sales commissions, administrative salaries and wages.
<u>Calculation of Period Costs</u>
Advertising costs $12,000
CEO's salary 460,000
Delivery vehicle depreciation 1,230
Administrative wages and salaries 36,900
Total Period Costs $510,130
Answer:
The correct answer is C. If aggregate demand and aggregate supply intersect on the vertical potential GDP curve; this indicates that the economy is at full employment.
Explanation:
Full employment indicates the condition in which all those who want a job have access to all the hours of work they need with "fair wages". As people change jobs, full employment means a stable unemployment rate around 1.2% of the total workforce, but does not allow for underemployment where part-time workers cannot find the hours they need to live with dignity.
In macroeconomics, full employment is sometimes defined as the level of employment at which there is no cyclical unemployment or low demand unemployment.
Full employment raises the levels of both supply, since there is full occupation of the providers of goods and services; and demand, since society in general has more money to spend on goods and services.
Answer:When the federal government spends more money than it receives in taxes in a ... spending over time in nominal dollars is misleading because it does not take ... defense spending as a share of GDP has generally declined since the 1960s, ... Healthcare expenditures include both payments for senior citizens (Medicare), ...
Explanation:
Answer:
D.5 years
Explanation:
Annual Depreciation = Cost/Useful life
$15,000=$80,000/Useful life
Useful Life=$80,000/$15,000
Useful Life=5.33