Answer:
Option (D) is correct.
Explanation:
Given that,
Beginning retained earnings = $300,000
Income tax expense = $60,000
Ending retained earnings = $320,000
Cash dividends declared = $80,000
Net income:
= Increase in Retained Earnings + Dividend Declared
= (Ending Retained Earnings - Beginning Retained Earnings) + Dividend Declared
= ($320,000 - $300,000) + $80,000
= $20,000 + $80,000
= $100,000
Answer:
shifts up the aggregate production function; moves the economy along the aggregate production function
Explanation:
An increase in the amount of physical capital per worker <u>shifts up the aggregate production function</u>, while technological progress <u>moves the economy along the aggregate production function</u>.
In the case of an increase in the amount of physical capital per worker, what is implied is that <u>at the same number of labor, output increases</u>; this will shift the aggregate production function outwards.
However in the case of technology, the scenario <u>does not say that technology is remaining at the same level</u> but is <u>progressing for output to increase</u>, hence the movement will not be a shift in the curve but a movement along the curve.
Answer:
b. One advantage to forming a corporation is that the owners of the firm have limited liability.
Explanation:
Every equity shareholder has this advantage that he cannot be called off, in case of any liability in the company, as the company stands liable and not the shareholder, whereas in partnership or proprietorship even all the partners can be called off to meet the liability personally, in case of any failure from the firm.
Though firms have tax advantage, but this is the disadvantage to the firm that the liabilities are unlimited.
Credit cards are the preferred hotel room reservation.
There are times when law firms push their staff to increase their billable hours or bill clients for services they did not provide. An illustration of unethical behavior might be this.
<h3>What is unethical behaviour?</h3>
An act that goes against what is morally right for a person, a business, a profession, or in politics is deemed unethical behavior. Additionally, it can refer to a person's actions that go against the values upheld in the neighborhood where they reside.
Person acting unethically: Lying to loved ones, friends, and coworkers in order to obtain dishonest gain; robbing a home or job; borrowing money from a friend and not paying it back with the intent to defraud him; maintaining an extramarital relationship; criticizing friends, family, or coworkers behind their backs; conducting personal business during work hours; manipulating expense reimbursements; and selling a property without disclosing its flaws.
To know more about unethical behaviour visit:
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