Correct answer is d based on facts from the story
As Mei lives in a country where she is free to keep profits from her business and use them as she wishes within legal limits, the type of economy system is known as <u>capitalism</u>.
<h3>What is a
capitalism?</h3>
This refers to an economic system in which private individuals or businesses own capital goods and can employ workers (labor) who only receive wages. Generally, the overall production of goods and services under capitalism is based on supply and demand in the general market—known as a market economy rather than planned economy or command economy.
In conclusion, the known purest form of capitalism is a free market or laissez-faire capitalism.
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In addition to adhering to industry guidelines and maintaining current certifications the effective way for an instructor to minimize way for an instructor to minimize legal risk and liability is to avoid any discrimination regarding age, sex,gender , etc in the institution.
Given that industry has adopted proper guidelines and has all legal certifications.
We are required to tell another way to minimize legal risk and liability.
Legal risk and liabilities are those problems which should be avoided by a person or an institution.
One legal liability is to follow industry guidelines and having all certifications and the other one is to avoid any discrimination regarding age, sex,gender , etc in the institution.
Hence in addition to adhering to industry guidelines and maintaining current certifications the effective way for an instructor to minimize way for an instructor to minimize legal risk and liability is to avoid any discrimination regarding age, sex,gender , etc in the institution.
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Answer:
The price should be recorded as $167,500
Explanation:
As per the accounting principles, assets should be recorded at the price they were paid for. In case of a purchase, the accountant should record in the books the amount the company paid to acquire the asset. For sales, the amount received from the buyer is the figure to be recorded in the books.
For Reliable Repair Service, there were different prices quoted, but the buyer paid $167,500. It means the company sold the land for $165,000. This is the amount that should be recorded in the books.