Answer:
V. Sell any assets Maria personally owns and apply the proceeds to the store’s debt
Explanation:
A sole proprietorship refers to a business venture owned and managed by a single person. The owner makes all the key decisions regarding the business. He or she enjoys all the profits by himself but also suffers all the losses alone.
Legally, a sole proprietor and the business are treated as one entity. The law does not distinguish between the assets and liabilities of the business, with those of its owner. A sole proprietor does not enjoy the benefits of limited liability. Should Maria's business fail it repaying its obligations, her properties may be used in settling the debts.
The difference between the standard cost of a product and its actual cost is called a cost variance. Therefore the statement is true.
<h3>What is the objective of variance?</h3>
Changing across all of the pieces of information in a data set, variance is a measurement of distribution. It enables us to estimate how far away a set of factors are from each other.
To describe the variation or difference between the standard cost of a product and its actual cost the use of cost variance is done. It is utilized to estimate the financial performance of any project.
Therefore, the statement is True.
Learn more about Variance, here:
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to ensure that job opportunities reach all corners of the country and check the living standards of the citizens
Answer:
"$170 per unit" is the appropriate response.
Explanation:
The given values are:
Number of units produced
= 4,000
Direct material
= $39
Direct labor
= $71
Variable manufacturing overhead
= $5
Now,
The fixed manufacturing overhead will be:
= 
= 
= 
($)
Hence,
The unit product cost under absorption costing will be:
= 
On substituting the above values, we get
= 
= 
($)
Answer:
Laffer curve.
Explanation:
Laffer Curve is developed by
Arthur Laffer. It is used to show the relationship between tax rates and the amount of tax revenue collected by governments of a particular country. Laffer curve is used to demonstrate Laffer’s argument that sometimes cutting tax rates can increase total tax revenue.
Laffer curve shows the relationship that occurs between the tax rate and the amount of tax revenue collected
The relationship between the tax rate and the amount of tax revenue collected is called the LAFFER CURVE curve. This curve shows that TAX CUT CAN INCREASE TAX REVENUE.
The drawing of a laffer curve has been attached
