When we say informal sectors, these are organizations that are excused from being taxed or monitored by the government. In this sector, their activities are not part of the <span>gross national product and gross domestic product. Although this kind of economy has some negative impact for some, it can be effective and also helpful in providing jobs especially for the poor ones.</span>
Answer:
Brittany sold her stock (the basis of $60,000) to her brother, Ridge, for $35,000, the fair market value. Her brother subsequently sells the stock to the third party for $34,000.
Ridge’s recognized gain or (loss) is ($ 1,000).
Explanation:
The formula for calculating recognized Gain/[loss] is expressed below:
Recognized Gain/[loss] = Sales Price - Fair Market Value at the time of purchase from Brittany
Recognized Gain/[loss] = $ 34,000 - $ 35,000 = [$ 1,000]
Based on the calculation above, Ridge’s recognized gain or (loss) is ($ 1,000).
Answer:" Professional education is a formalized approach to specialized training in a professional school through which participants acquire content knowledge and learn to apply techniques. Although content is what the participant is expected to learn by attending professional school, such an education also helps the participant acquire the competencies needed for proper practice and behavior."
Explanation:
Answer:
1. The obligation to transfer the vacuum cleaner in lieu of the price.
2. To honour one year warranty for any product defect that is part of the purchase contract and an inherent obligation.
Explanation:
The contract for purchase of a vacuum cleaner has two performance obligations;
1. The obligation to transfer the vacuum cleaner in lieu of the price.
2. To honour one year warranty for any product defect that is part of the purchase contract and an inherent obligation.
it may be noted that the extended warranty is a separate performance obligation as it can be purchased at the same time of original purchase or later and separate consideration is payable for that and there is no direct co-relation of the extended warranty obligation with the initial purchase.
Answer:
Airlines risking big prices in fuel which lowers profit.
Steel manufacturers face have risk due to employee safety.
Restaurants risk economic problems when sales from customers lower.
Explanation:
