Answer: Partnership
Explanation: In simple words, partnership refers to an agreement between two or more independent parties to join their forces for achieving a common business goal with the ultimate objective of earning profit.
In the given case, Dan and Emily were sole proprietors and now they are joining their forces also the case states their new entity will not be a separate entity and both of the owners will be having unlimited debt.
Hence from the above we can conclude that this is a partnership business.
They should form a corporation because a partnership or sole proprietorship have unlimited liability.
Answer:
a. As per the situation sales exceed production absorption costing income from operations is lesser than variable costing income from operations.
b. $776,160
Explanation:
a. As per the situation sales exceed production absorption costing income from operations is lesser than variable costing income from operations
b. Given that
Beginning inventory = 52,800
Fixed manufacturing costs = $14.70 per unit
Total Beginning inventory = Beginning inventory × Fixed manufacturing costs
= 52,800 × $14.70 per unit
= $776,160
A law requiring nutritional information on the outside packaging of food products is what type of force in the external marketing environment? Nutrition Labeling and Education Act of 1990. External marketing refers to promoting and selling their products. Within this type of marketing, it is a law that all items used to make a food product have to be listed on the label so that consumers know exactly what they are getting and eating.
The tax policy in the given scenario is Progressive
.
<u>Explanation:
</u>
A progressive tax is based on low-income payers due to their ability to pay which places a lower corporate tax rate on lower-income payers relative to those with greater income. It implies that higher-income earners take a bigger share than low-income individuals.
A progressive tax is one for people who have received higher income and demand a higher tax. There is a reason for usually spending more of your income on keeping your standard of living by people with a lower income. Individuals who are wealthier will normally (and then some) provide the basic necessities of life.
The degree to which a tax system is progressive relies on how fast tax rates rise relative to income increases.
For example, if the tax code has a low 10% and a high 30% rate, and the income tax rate is between 10 and 80%, the latter is progressionary.