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3 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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Suppose your expenses for this term are as follows: tuition: $28,000, room and board: $9,000, books and other educational su

dsp73

Answer:

$ 56,500

Explanation:

Given:

Tuition expenses = $ 28,000

Room and board expenses = $ 2,500

Earning from the part time = $ 16,000

Fulltime salary = $ 42,000

Now,

the opportunity cost is given as:

= Full time working salary + (sum of expenses) - Earnings

on substituting the values, we get

opportunity cost = $ 42,000 + ( $ 28,000 + $ 2,500 ) - $ 16,000

opportunity cost = $ 56,500

4 0

3 years ago

Why is it important to understand that the amount cash paid for taxes is different than the amount of income tax expense?

GarryVolchara [31]

Answer: To know the amount of tax the business should pay from reported profit which is different from it's actual tax bill

Explanation:

Income tax expense could be described as what is calculated that the company owes in taxes according to accounting rules. They are reported on the income statement.

While Income tax payable is described as the actual amount the company owes in taxes based on the rules of tax code. They appear on the balance sheet of the company accounting documents until the bills are cleared off or paid.

The reason for understanding the difference is to know the amount of tax the business should pay from reported profit which is different from it's actual tax bill

6 0

3 years ago

An outside supplier offers to provide Epsilon with all the units it needs at $60 per unit. If Epsilon buys from the supplier, th

Oduvanchick [21]

Question Completion:

Epsilon Co. can produce a unit of product for the following:

Direct material $8

Direct labor 24

Overhead 40

Total costs per unit $72

Answer:

Epsilon Co.

Epsilon should choose to:

Make since the relevant cost to make it is $56.

Explanation:

a) Data and Calculations:

Direct material $8

Direct labor 24

Overhead 40

Total costs per unit $72

Relevant Costs:

Make Buy

Direct material $8

Direct labor 24

Overhead 24

Total costs per unit $56 $60

b) It costs Epsilon less to make the units than to buy from the outside supplier. The relevant cost excludes the 40% of the overhead that will still be incurred by Epsilon if it buys from the supplier. Relevantly, it costs Epsilon $56 per unit to make when compared to the unit cost of $60 to buy. In absolute terms, it will cost Epsilon $76 ($60 + $16) to buy as against $72 to make a unit of the part.

6 0

2 years ago

Which 3 of these areas does the Client Needs Assessment tool focus on to help gather the information needed to select the right

Leto [7]

The 3 areas the Client Needs Assessment tool focuses on to help gather the information needed to select the right QuickBooks Online subscription for a client include <u>Who is the client?</u>

The other areas the tool focuses on to help gather information needed include the following:

What service does the Client need?
When does the client need their work completed?
Also, the Client Needs Assessment tool focuses on the area of "How will the client work be completed?"

Hence, in this case, it is concluded that the <u>Client Needs Assessment</u> tool focuses on the areas of "what, when, who, and how" to gather the right needed to select the right QuickBooks Online subscription for a client.

Learn more here: brainly.com/question/13136031

8 0

2 years ago

All of the following stockholders' equity accounts of a foreign subsidiary are translated at historical exchange rates except:?

Citrus2011 [14]

Answer:

a.retained earnings.

Explanation:

All of the below mentioned accounts are acquired at historical cost and cash benefits do not change for them, as because they are acquired on cost, that is there carrying value is cost and related to amount for which it was acquired, further retained earnings includes the balance of current earnings added, therefore as per rules retained earnings are not converted, on historical conversion rate, and will be converted using current conversion rates of currency.

Final Answer

a.retained earnings.

8 0

3 years ago