1) Mixed economies are a mix of Command (regulated by the government) and free (Market) economy - the answer is b)
2)Today most countries have a mixed economy, there are few (such as North Korea) which have a command economy, but none have a true free market (for example drugs are regulated)
3)Inflation means that one needs more money to buy the same goods - this is measured by a rising Consumer Prize index (answer d)
4) this indicator would be a steady, but low inflation - but inflation is bad for the economy but lack of inflation is not really stable
Answer: c. Kidman recognizes a $1,000 LTCG
Explanation:
Long term gain can be calculated by the formula:
Capital gain = Distribution received - Basis in stock - Ordinary income earned
= 75,000 - 24,000 - 50,000
= $1,000
Long Term Capital gain is therefore $1,000.
Answer
1. Answer for part one and two are added in attachment.
Explanation:
1. For part one , process summary cost is attached in files.
2. Answer for section two is :
Date Title of accounts Total Debit ($) Total Credit ($)
31-Oct Work In Process Inventory - Assembly 1,143,100.00
Work In Process Inventory - Cutting 1,143,100.00
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Answer: Yes they are
Explanation:
With a franchise, one is given permission to use another Company's name, brand or any other thing decided in the agreement with the franchisee agreeing to pay the franchisor for this permission / license.
Usually, as was the case here, the franchisor requires knowledge of a sale of a franchise because it carries their name.
Thomas Klutz knew of this agreement and yet neglected to tell William Thorbecke.
When Kahala found out about this they demanded understandably that Mr. Thorbecke stop using their intellectual property because they didn't give him permission.
This must have caused Mr. Thorbecke some sort of losses and so he decided to stop paying the note on the basis of fraud and breach of contract.
He would be right in both cases because there has been a breach of contract as he can no longer engage in Business properly. A business he bought and paid for in good will. Also he was sold the restaurant without being told that it was a franchise so he thought he had bought an original and this constitutes fraud due to misrepresentation.
Answer:
B
Explanation:
They all have to talk to their fellow co-workers. Therefore B is the best answer
