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Umnica [9.8K]
3 years ago
13

Question 433 pts Implementation of the law Group of answer choices is typically done by the members of Congress. is typically au

tomatic because the laws in question are very specific. is ultimately done by federal judges. requires judgment because laws are often very vague.
Business
1 answer:
Eddi Din [679]3 years ago
7 0

Answer:

Implementation of the law Group of answer choices requires judgment because laws are often very vague.

Explanation:

Originally, The Executive arm of government is supposed to implement the law while the congress which is also called the legislative arm enacts them.

However, It is necessary for the judiciary to interpret the laws since the executive arm tends to abuse their privileges thereby failing to implement the law.

The law is vague and is often subject to interpretation. The judges constitute a neutral body that balances power in government by passing judgement on erring officials and the entire citizenry thereby making implementation of the law possible.

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Use the following information to prepare a multistep income statement and a classified balance sheet for Eller Equipment Co. for
Kryger [21]

Answer:

                                 Eller Equipment Co.

                                  Income statement

Particular                                  Amount($)  Amount ($)

Sales revenue                                                940,000

Less: Cost of good sold                                 <u>(595,000)</u>

Gross margin                                                   345,000

<u>Operating expenses</u>

Salaries expenses                         122,000  

Operating expenses                     65,000  

Warranty expenses                        9,200

Un-collectible account expenses  45,000  

Depreciation expenses                 <u>3,000</u>

Total operating expenses                                <u>(244,200)</u>

Operating income                                              100,800

<u>Non-operating expenses</u>

Interest revenue                            6,200  

Interest expenses                        (36,000)

Gain on sale of equipment            19,000  

Total non-operating items                                   <u>(10,800)</u>

Net Income                                                          <u>$90,000</u>

<u />

                                   Balance Sheet

Assets                                          Amount$

<u>Current Assets</u>                                    

Cash                                                            41,000  

Accounts receivable                  108,000

Less: Allowance for doubtful    (19,000)  89,000

accounts

Merchandise inventory                             101,000  

Interest receivable                                     3600

Prepaid rent                                                38,000  

Supplies                                                      6,500  

Notes receivable                                        <u>32,500</u>

Total current assets                                                           311,600

Property Plant and Equipment    

Equipment                                    243,000  

Less: Accumulated depreciation <u>(66,000)</u>   177,000  

Land                                                                 <u>95,000</u>

Total property plant and equipment                                 <u>272,000</u>

Total Assets                                                                        <u>583,600</u>

Liabilities and Stockholder Equity

<u>Current liabilities</u>

Account payable                     55,000  

Unearned revenue                  47,000  

Warranties payable                  6,500  

Interest payable                        6,000  

Salaries payable                       <u>68,000 </u>

Total current liabilities                                                  182,500

<u>Long-term liabilities</u>  

Notes payable                     160,000

Total long-term liabilities                                               160,000

<u>Stockholders equity</u>

Common stock                            110,000  

Retained earning                         131,100

Total stockholders equity                                              <u>241,100</u>

Total liabilities and stockholders equity                    <u>$583,600</u>

<u>Workings</u>

Retained earning = Beginning retained earning + Net income - Dividend  

= 61,100 + 90,000 - 20,000

= 131,100

5 0
3 years ago
The amortization of a premium on bonds payable: A) has no effect on the cash payments for interest reported in the operating act
Aleks [24]

Answer:

A) has no effect on the cash payments for interest reported in the operating activities section of the statement of cash flows

Explanation:

The amortization is an accounting method to match the difference in the nominal interest rate of bonds with the real interest rate the bond is yielding.

Th cash flow statment will just recognize the cash proceeds, which are calculate base on the face value, regardless of the premium or discount in the bond.

6 0
3 years ago
Which of the following best defines scientific management? Group of answer choices It is the behavior that conforms to a society
fgiga [73]

Answer:

Correct option is 'It is through studying and testing of different work methods to identify the best, most efficient way to complete a job'

Explanation:

Scientific management refers to employing different methods or workflows to improve labor work efficiency, thereby achieve organizational objectives in a efficient way.

Application of scientific methods to improve efficiency proved highly beneficial. One of the methods was to break down big tasks into smaller and simpler tasks and dividing the tasks among the labor as per their skills. This ensured quality work.

6 0
3 years ago
Rita is a customer service representative who is working toward a resolution with an unhappy customer. She has already set the t
Minchanka [31]

Answer:

work toward possible solutions

5 0
3 years ago
A firms total cost function is: TC= 500 + 150q - 20q2 + q3 what is the dollar value at the minimum of the average variable cost
Pavlova-9 [17]

Answer:

the  correct answer is $150

Explanation:

TC=500 + 150q - 20q^2 + q^3

AVC=(150Q-20Q^2+Q^3)/Q

       =150-20Q+Q^2

When AVC is at  its minimum means that the marginal cost( CM) is igual to AVC, so we could consider this analysis:

CM= d(TC)/dq =150-40Q+3Q^2

CM=AVC

150-40Q+3Q^2=150-20Q+Q^2

Join similar terms:

150-150-40Q+20Q+3Q^2-Q^2=0

0-20Q+2Q^2=0

Q(-20+2Q)=0

Q_1=0   y  Q_2=20/2=10

with q_1                                               with q_2

150-40*0+3*0=150-20*0+0                 150-40*10+3*10^2=150-20*10+10^2

$150=$150                                                 150-400+300    =150-200+100

                                                                                  $50= $ 50

We have two solution  if we assume that q=0  like the  minimum then the results is $150.

f we assume that q=10  like the  minimum then the results is $50.

5 0
3 years ago
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