Answer:
The correct answer is: increase; decrease.
Explanation:
The world price of cotton rises substantially. An increase in price will cause the supply to increase as price level and supply are directly related. In order to increase the supply of cotton, the firms will need more labor. This will cause the demand for labor to increase in the cotton-producing firms.
As the price of cotton, the cost of inputs for textile firms will increase. This will increase the cost of production for the textile-producing firms. This increase in cost will cause the supply to decrease. This will cause the demand for labor to decline as well.
Answer:
In business there is something called sole proprietorship. Proprietor is another word for owner, so a sole proprietorship has a single owner. The owner is fully liable, or legally responsible, for all the business’s actions and any debt it incurs.The other kind of business organization is called a partnership. A partnership allows for two or more people to share ownership of a business. There are different kinds of partnerships. In a limited partnership (LP) only one of the partners has unlimited liability while the other partner or partners have limited liability for the company and limited control over business decisions as well. In a limited liability partnership (LLP), no partner is fully liable for the business’s debts, and partners are not responsible for the actions of one another. A limited Liability Company (LLC) protects the business’s owner or owners from personal liability in most situations. In the case of bankruptcy or a lawsuit, the owner doesn’t face personal risk. Their personal assets (property of value) are protected.Corporation: When a business is incorporated (structured as a corporation), it becomes a legal entity separate from the owner or owners. While it can be time-consuming and expensive to set up a corporation, this structure provides a business owner with the best protection against personal liability. Another advantage is that corporations can sell stocks, or shares, to raise funds.
Answer:
Answer for the question :
Tom sold mutual fund shares, which he had owned for 3 years, so that he could use the proceeds to return to college. Tom is in the 12% marginal tax bracket, and his capital gain from the sale was $12,000. How much tax does Tom owe on the gain?
is explained in the attachment.
Explanation:
Answer:
The answer is d. 70,000
Explanation:
The common stock account has the balance of 37,500 while stated value of a common stock is $0.50 => Common stock issued is 37,500/0.5 = 75,000 shares.
The treasury stock account presents the balance of 5,000 common shares; which is the amount of common stocks hold by Walton Corporation through repurchase transaction which will decreased the number of stock outstanding.
Thus, the number of common shares outstanding = number of common shares issued - number of common shares in treasury stock account = 75,000 - 5,000 = 70,000 common shares.
Thus the answer is d. 70,000.
Answer:
$24,000
Explanation:
Since in the question it is provided that there is a sale value of the videos to its customers i.e. $24,000 also the collection is of $22,000 and the remaining balance i.e. $2,000 is expected to collect in Jan 2020
Based on the above information, the revenue should be reported on the income statement at the $24,000 as this amount represent the sale value of the videos to its customers and hence, the same is to be considered
Hence, 24,000 would be reported as a revenue in the income statement