All categories

3 years ago

Written laws that establish certain of conduct that must be adhered to by covered parties are called

1 answer:

6 0

The correct answer is C. Codes

such laws are called codified laws. Statues are similar but on a smaller scale and apply only to those who participate, while executive orders are created by the president in times of trouble.

You might be interested in

Now that you have studied monopolistic competition, let's see how well you can distinguish a firm in a monopolistically competit

vlabodo [156]

Answer:

Monopolistic Competition:

4. a firm that faces a downward sloping demand curve.

Perfect Competition:

1. a firm that produces with excess capacity in

3. a firm that may earn in an economy profit or loss in the short run

5. a firm that that maximizes profits profit in the long by producing where MR = MC

Both:

2. a firm that has a firm that sets price greater than marginal cost.

Explanation:

7 0

3 years ago

Name a profession which typically includes an apprenticeship as part of its training program

garri49 [273]

Carpentry has apprenticeship programs.

8 0

3 years ago

X Company purchased a patent on January 3, year 7 from Y Company for $145,000. An attorney drew up the contract between X &

Setler79 [48]

Answer:

The carrying value of the patent on X company on December 31 is $122,000

Explanation:

Computing the carrying value of the patent is as:

The total cost of the patent which will be recognized is as:

Total cost of patent = Purchased cost + Attorney value

where

Purchase cost is $145,000

Attorney cost will be divided into 2, so

Attorney cost = $15,000 / 2

= $7,500

So,

Total cost of patent = $145,000 + $7,500

Total cost of patent = $152,500

Now, amortize the patent over the useful life of patent as:

Amortize value = Patent cost / Useful life

Amortize value = $152,500 / 10

Amortize value = $15,250

But X held the patent for 2 years, so its accumulated amortization is:

Accumulated amortization = Amortize value × 2

= $15,250 × 2

Accumulated amortization = $30,500

Now, the carrying value will be:

Carrying value = Total cost of patent - Accumulated depreciation

Carrying value = $152,500 -$30,500

Carrying value = $122,000

5 0

3 years ago

Rockwell Inc. reported the following results for the year ended June 30, 2016:

pychu [463]

Answer:

See attached file

Explanation:

The Retained Earnings Statement is prepared to show changes in the amount of retained earnings over the accountable period. Retained earnings and Stockholders´ contributions are the main accounts in Stockholders´ Equity.

The first ones are profits reserved by the company to invest in future projects rather than distribute as dividends to shareholders, that’s why are calculated as follows:

Retained Earnings Final Balance = Retained Earnings Beginning balance – Dividend in cash – Stock dividend + Net Income – Net loss.

Stock Divided will register as Stockholders´ contributions.

4 0

3 years ago

In double-entry bookkeeping, what is an account?

vredina [299]

Double-entry bookkeeping, in accounting, is a system of bookkeeping so named because every entry to an account requires a corresponding and opposite entry to a different account. The double entry has two equal and corresponding sides known as debit and credit.

5 0

3 years ago