Answer:E. POLICYMAKERS WILL TAKE ACTIONS THAT ARE LIKELY TO RESULT IN THEIR BEING RE-ELECTED
Explanation: Public choice model suggests that public officials like political office holders will most likely use ECONOMIC POLICIES to ensure they achieve a personal desire or desires such RE-ELECTION.
Public office holders have come to realize that Voters choice are influenced by Government policies,they always want to implement policies that will influence the choice of voters.
Answer:
Bowler Corporation
Income Statement for 2021
Sales revenue $485,000
Less Cost of goods sold ($248,000)
Gross Profit $237,000
Less Expenses
salaries expense $61,000
rent expense $36,000
depreciation expense $46,000
miscellaneous expense $28,000 ($171,000)
Net Income/ (Loss) $66,000
Explanation:
Income Statement shows the Operating performance of the the company over the financial period.
Income/loss = Sales - Expenses.
Answer:
$150,876.91
Explanation:
To calculate, the present value of an ordinary annuity formula is used as follows:
PV = P × [{1 - [1 ÷ (1+r)]^n} ÷ r] …………………………………. (1)
Where;
PV = Present value of the payments =?
P = yearly payment = $30,000
r = interest rate = 11% = 0.11
n = number of years = 5
Substitute the values into equation (1) to have:
PV = $30,000 × [{1 - [1 ÷ (1+0.11)]^5} ÷ 0.11] = $110,876.91
Amount to record = $40,000 + $110,876.91 = $150,876.91
Answer:
No the suit will not succeed as their is no agreement
Explanation:
The contract was conditional contract. As the condition explicitly said that, the right to agree on terms and conditions is explicitly attorney's right. When the attorney has not agreed on the terms and conditions of Harbor Park, the company hasn't formed any contract. Furthermore, there is no limitation on Grondas to consider other available options and attorney is also not obliged to agree to Harbor's offer.
Thus the suit that says Grondas has breached the contract is meaningless and will not succeed in the court.
Answer:
Debit
$14,181
Explanation:
Given:
Fair Value Adjustment account = $32,217 (Debit)
Net unrealized gain = $46,398 (Credit)
According to Fair Value Adjustment account , Debit balance is lower than Credit balance, So they should Debit (Fair Value Adjustment account)
Debit amount = Net unrealized gain - Fair Value Adjustment account
Debit amount = $46,398 - $32,217
Debit amount = $14,181
