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4 years ago

Ten reasons why we need to have laws for business's

1 answer:

8 0

1. To define unacceptable behavior.
2. To provide certainty & stability.
3. To protect the public.
4. To provide mechanism for businesses to resolve disputes.
5. Law gives everyone a framework for how to ace and operate.
6. To make better decisions.
7. To sue & be sued.
8. To balance harm done by the offender against the individual and society at large.
9. To collect and generate revenue from the masses.

Just need one more sorry

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The current sections of Birmingham Inc.â€™s balance sheets at December 31, 2019 and 2020, are presented here. Birminghamâ€™s net

jekas [21]

Answer:

Net Income 193,000

Non-monetary terms:

Depreciation expense 25,000

amortization expense 10,000

gain on disposal <u> (7,000) </u>

Adjusted Income 221,000

Change in Working Capital:

Increase in A/R (27,000)

Decreasein Inv 17,000

Increase in Prepaid (5,000)

Increase Accrued /P 11,000

Decreasein A/P (6,000)

Change In Working Capital (10,000)

From Operating Activities 211,000

Investing

Sale of Equipment 47,000

Financing

Bonds Issued 60,000

Cash Flow 318,000

Beginning Cash 99,000

Cash Flow 318,000

Ending Cash 417,000

Explanation:

We first remove the non.monetary concetps from the net income.

Then we adjust for the change in working capital which are the incrase and decrease in the current assets and liabilities account

Increase in asset and decrease in liabilities represent cash outflow

while the opposite is true when an asset decrease(convert to cash) or a liablity increase (delay of the payment)

6 0

3 years ago

Ronald Rawls and Zabian Bailey were in an auto accident in Bridgeport, Connecticut. Bailey rear-ended Rawls at a stoplight. Evid

guapka [62]

Answer:

Yes, Rawls could collect.

Explanation:

It is possible that Rawls collects damages due to negligence. This is due to the fact that the main cause of the accident was not substantiated by the Progressive Northern Insurance Company. The company claimed that the accident could have been caused by a series of events and the company was also not certain about the main cause of the accident.

4 0

3 years ago

Read 2 more answers

During its most recent fiscal year, Raphael Enterprises sold 340,000 electric screwdrivers at a price of $19.20 each. Fixed cost

Novay_Z [31]

Answer:

Variable costs=$3,876,000

Explanation:

Given Data:

Fixed costs amounted=$1,156,000

pretax income=$1,496,000.

Units Sold=340,000

Price of each unit sold=$19.20

Required::

Variable costs in the company's contribution margin income statement for the year =?

Solution:

Pretax Income=Revenue-Fixed costs-Variable costs

Revenue=Units Sold*Price of each unit sold

Revenue=340,000*$19.20

Revenue=$6,528,000

Pretax Income=Revenue-Fixed costs-Variable costs

$1,496,000=$6,528,000-$1,156,000-Variable costs

Variable costs=$6,528,000-$1,156,000-$1,496,000

Variable costs=$3,876,000

8 0

3 years ago

Read 2 more answers

Which is NOT a major expense category?

bija089 [108]

Answer:

Explanation:

Food. Because you can get a Burger for a dollar..

8 0

4 years ago

Read 2 more answers

If real economic growth is 3%, the inflation rate is 5%, and the nominal interest rate is 7%, then the real rate of interest is:

Elanso [62]

Based on the information given the real rate of interest is:2%.

<h3>Real rate of interest</h3>

Using this formula

Real rate of interest=Nominal interest rate-Inflation rate-

Where:

Inflation rate=5%

Nominal interest rate=7%

Let plug in the formula

Real rate of interest=7%-5%

Real rate of interest=2%

Inconclusion the real rate of interest is:2%.

Learn more about real rate of interest here:brainly.com/question/25877453

3 0

2 years ago