A tariff is a tax on exported goods, if a tariff is too high then it will increase the cost of the item so the people who are buying have to pay more.
Answer:
Net income for the year = $257,000
Explanation:
Retained earnings for the year= Net income - dividends paid.
Since no dividends were paid, retained earnings for the year = net income for the year. At the end of each accounting period, retained earnings are reported on the balance sheet, and the retained profits for the year are added to the beginning balance of retained earnings, to give a cumulative ending balance of $2,499,000.
therefore retained earnings for the year = ending retained earnings balance - beginning retained earnings balance = $2,499,000.-$2,242,000= $257,000.
Net income for the year is thus = $257,000 since no dividends were paid.
Answer:
In detailed along with all the contingencies that are spelled out.
Explanation:
Common law is the body which is of legal rules that have been made or build through the judges as they will issue the rulings on cases, which is opposed to the rules and the laws which were made through the official statutes or the legislature.
Under the common law, the contracts are made or stated or drafted so that they will provide a brief as well as detailed rules along with all the possible contingencies which were spelled out or made out.
Answer: The following would be the best recommendation: <u><em>Smart watch</em></u>
<u><em>Under this case the associate is purchasing the gift for his friend and from the given option it can be easily stated that smart watch will the best gift. </em></u>
Smart watch will help his friend and give him the ability to chat activity while keeping in contact with the home office.
<u><em>Therefore, the correct option is (a).</em></u>