Capitalism is indeed an economic system in which privately owned businesses and individuals attempt to make a profit in the free market. The aspects of private ownership of businesses and working for profit are essential factors of capitalism as a theory and also as it is practiced.
The answer is adopting bylaws. In addition, unlike the articles of incorporation the bylaws are not public records and classically do not have to be gather in a line with any governmental unit. The bylaws will be accepted by the directors of the corporation at their first board meeting or accepted by the deed of incorporator and then accepted at the first board conference.
The answer is: D - Debit Cash; credit John, Capital.
Explanation:
The entry records the investment of cash by John, owner of a sole proprietorship is: Debit Cash; credit John, Capital.
I think it’s d. but im so sorry if im wrong!
Answer and Explanation:
The computation of the incremental net income is shown below:
<u>Particulars Sell Process Further Incremental Net income
</u>
Sales $20,000.00 $50,000.00 $30,000.00
(10,000 units × $2) (10,000 × $5)
Less:
Additional
Processing cost $18,000.00 $18,000.00
Total $20,000.00 $32,000.00 $12,000.00
