Answer:
Limited Liability. A Private Limited Company is a legal entity in its own right, allowing the business owner to keep their assets separate from the business itself. ...
Limited Liability. ...
Professional Reputation. ...
Administration. ...
Legal Duties.
The Sarbanes-Oxley Act requires both CEOs and CFOs to personally vouch for the reported financial earnings of a company. This law was passed shortly after the Enron scandal.
Answer:
The solution according to the given query is provided below.
Explanation:
The given question seems to be incomplete. The attachment of the complete query is provided below.
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The additional investment will be:
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The drawings will be:
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By putting the values, we get
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Answer: a. Competition
Explanation:
The basic premise of the Capitalist economic system is competition. Firms need to compete amongst themselves to be able to sell more to people as well as to make the most profit.
The biggest advantage of competition in capitalism is that it forces companies to become efficient as they try by all means to produce at the lowest cost while still maintaining enough product quality that the customers will still love their brand.
It is therefore good for consumers as well because apart from providing them with good quality theoretically, the consumers get lower prices as well.
Answer:
b. inventory for $1516.
Explanation:
Term 2/10, n/30 means there is a discount of 2% is available on payment of due amount within discount period of 10 days after sale and net credit period of 30 days.
Purchase value = $83,000
Purchases return = $7,200
Amount Due = $83,000 - $7,200 = $75,800
As the $75,800 is paid within discount period, so discount will be given to customer
Discount = $75,800 x 2% = $1,516
Payment Made = $75,800 - $1,516 = $74,284
Gross method does not record the discount value it recognise the inventory at its gross amount and discount is adjusted in the inventory account after that.
