Answer:
a. True
Explanation:
A law can be defined as the system of principles, regulations and rules established by legislature, that is adopted in a community, society or country to regulate the actions of its citizens, members or employees.
The law is a tool used by individuals, organizations, and even government to ensure everybody is well behaved, non-criminal and civil in their actions.
The law creates the foundation for ethical behavior.
In circumstances where there are aberration, the law is enforced as a punishment and penalty.
Hence, compulsory school attendance laws and the great expenditures for education both demonstrate our recognition of the importance of education to our democratic society.
Answer:
The correct answer is: deficit; surplus.
Explanation:
A budget deficit refers to the situation when the government expenditures are greater than government revenue. While a budget surplus is a situation where the government revenues are greater than government expenditure.
When government expenditures are equal to government revenues, the budget is said to be in balance.
A budget deficit is corrected by increasing taxes and decreasing spending.
A budget surplus can also be referred to as government saving.
Answer:
$13.06
Explanation:
Data provided in the question
Expected dividend pay every year = $1.10
And the equity cost of capital is 8.4%
So, the price expected to pay per share ten years in future is
= Expected dividend pay every year ÷ the equity cost of capital
= $1.10 ÷ 8.4%
= $13.06
By dividing the expected dividend by the equity cost of capital we can get the price
Answer:
Condominium Cleaning
The creditor is entitled to recover:
= $1,350.
Explanation:
a) Data and Calculations:
Contract price agreed between condominium cleaner and owner = $1,500
Cost of cleaning the oven that was not done by the cleaner = $150
Creditor's claim from the contract price = Contract price minus cost of cleaning the oven
= $1,350 ($1,500 - $150)
b) This means that the creditor will recover less than the contract price because of the oven that was left uncleaned. Since the cost of hiring a substitute to clean the oven is $150, this amount will be deducted from the contract price, and then, the creditor can recover the balance.
Answer:
<em>Taxable Income</em> is the amount that is used to calculate how much tax you owe.
