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4 years ago

The basic principles of economics suggest that

1 answer:

5 0

The answer is: C. government should become involved in markets when those markets fail to produce efficient or fair outcomes.

When left without regulations, many companies decided to do unfair business practice such as putting materials that dangerous for the consumers or giving their employees with unfair wages.

Because of this, government need to step in and make regulations to watch over the companies. (such as determining which materials would be safe as ingredients or creating legislation that regulate the minimum wages in the state)

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Oriole Co. reports net income of $59,000. Partner salary allowances are Pitts $15,000, Filbert $5,000, and Witten $6,000. Indica

loris [4]

Answer:

Oriole Co

Division of net income to each partner:

Pitts Filbert Witten Total

Total income $33,480 $13,580 $11,940 $59,000

Explanation:

a) Data and Calculations:

Net income = $59,000

Salary allowances = $26,000

Remaining shareable income = $33,000

Allocation of net income to each partner:

Pitts Filbert Witten

Income sharing ratio 56 : 26 : 18

Salary Allowances $15,000 $5,000 $6,000

Shareable income 18,480 8,580 5,940

Total income $33,480 $13,580 $11,940

b) Calculation of shareable income:

Pitts = $33,000 * 56% = $18,480

Filbert = $33,000 * 26% = $8,580

Witten = $33,000 * 18% = $5,940

6 0

3 years ago

During 2018, Jerry is a self-employed therapist, and his net earned income is $187,600 from his practice. Jerry's SEP Plan, a de

DerKrebs [107]

Answer:

$55,000

Explanation:

A Simplified Employee Pension (SEP) Plan is used in the United States by employers or self-employed persons to provide retirement benefits for themselves and their employees

As stated by the Internal Revenue Service (IRS), the contributions that can be made to each employee’s SEP-IRA each year is which one is lower between 25% of compensation and the maximum of $55,000 for 2018.

We can then calculate as follow:

1. Jerry's contribution calculation = 25% × $187,600 = 46,900.

2. Maximum allowable = $55,000.

Since a defined contribution plan states that Jerry will contribute the maximum amount allowable and the maximum for 2018 is $55,000, Jerry's contribution will therefore be $55,000.

3 0

3 years ago

The following production data were taken from the records of the Finishing Department for July: Inventory in process, July 1, 40

ki77a [65]

Answer:

37,000 units

Explanation:

The computation of the total equivalent units for direct material is shown below:

= Transferred to finished goods during the month of July + Ending work in process during the month of July - Inventory in process as on July 1

= 37,500 units + 3,500 units - 4,000 units

= 41,000 units - 4,000 units

= 37,000 units

We simply used the above formula so that the total equivalent units for direct materials using the FIFO method could come

3 0

3 years ago

To raise $5 million, southeastern corporation decides to issue bonds. if southeastern does not register the bonds with the sec a

Masja [62]

<span>The answer is private placement. It is the transaction of securities to a moderately small number of select investors as a way of raising capital. Investors involved in private placements are frequently large banks, mutual funds, insurance companies and pension funds. A private placement is not the same from a public issue, in which securities are made accessible for sale on the open market to any type of investor. Since a private placement is obtainable to a few selected individuals, the placement does not have to be recorded with the Securities and Exchange Commission (SEC). In many circumstances, thorough financial information is not disclosed and the investment is not sold by prospectus.</span>

3 0

3 years ago

Albert, billy, and cathy share profits and losses of their partnership as? 1:4:3, respectively. if the net income is? $30,000, c

Luba_88 [7]

<span> In order to clearly determine how Albert, Billy and Cathy share the profits and losses of their partnerships, we can convert the ratios into fractions. We do this by adding total ratio terms to get the whole. For example the total that is derived from the ratio 1:4:3 is 1+4+3 which gives 8. Since we have been given the profit that is to be shared between the three partners, all we have to do is multiply the total profit ($30,000) by each person's fraction. Albert's share of the profits is (1/8*30000) which gives $3750.</span>

7 0

4 years ago