Answer:
A. $287,000
B. $192,050
Explanation:
a. Based on the information givenwe were told that company ABC had net income of the amount of $287,000 after deducting Robert's salary of the amount of $86,100 which therefore means that ROBERT'S QUALIFIED BUSINESS INCOME will be the amount of $287,000.
b. Calculation to determine whether your answer to part (a) would change if you determined that reasonable compensation for someone with Robert's experience and responsibilities is $181,050
Based on the information given the amount of $192,050 will be the additional amount of salary that can be deducted which is Calculated as:
=[$287,000 - ($181,050-$86,100)]
=$287,000-$94,950
=$192,050
<span>Under agency law, Michelle can work as Kim's agent in the purchase of the contract. Kim would be the principle under the contract, Michelle would be the agent, and the gallery would be the 3rd party. Kim needs to authorize Michelle to complete a contract on his behalf and he will in turn be bound, just as the gallery will be bound.</span>
Answer:
The correct option is B: Decentralized decision making allows for greater flexibility in meeting customer needs.
Explanation:
The fact is that as organization tend to be more organic, the chain of command also become organic, and the decision making of such company becomes decentralized, which then allows for much more flexibility in meeting the needs of customers. Option A is wrong because centralized decision making involves placing stringent controls on the methods of doing work with a purpose of achieving economies of scale.
Answer:C. full efficiency in this market could be achieved even without reallocating workers between the two markets.
Explanation:
The marginal product of labour is the additional value that will be gained from production from employment of additional labour. The Entrepreneur will be willing to employ additional labour if the wages is lower than the marginal productivity and efficiency will only be achieved at that point.
Moving the labour from to market will not achieved efficiency in either market, for the wage rate is higher than the marginal product of labour in both market.
Increasing wage rate will reduce the efficiency and there is need to increase efficiency by making the marginal product of labour to be higher than labour rate.
A business's business plan is a formal written document that outlines the nature of the business and how it will function.
A strategic document that encapsulates your plans for your company is the business plan. It enables you to assess whether your ideas are feasible and whether there is a demand for your goods or services.
Summary/Overview is the main section of the business plan.
A succinct but clear argument (a few phrases or paragraphs) outlining why the company will succeed. The Business Plan's most crucial component since it ties everything together.
<h3>
What constitutes a business plan's 
components?</h3>
Here is a list of the seven key elements of a business plan and what it should contain, despite the fact that plans vary as much as enterprises do.
Brief summary.
Business Description.
Services and goods.
Market research.
Organizing and Executing Out
Business and its management team.
A plan and estimated costs.
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