I would say that employers have a legal liability to cover their employees with workmen's compensation, at least in BC, Canada.
Answer:
A. A credit to Child Care Fees Earned of $4,500.
Explanation:
The journal entry to record this given transaction is given below:
Cash A/c Dr $4,500
To Child Care Fees Earned A/c $4,500
(Being the fees earned is recorded)
As the payment is collected that means cash balance is rise so it debited the cash account and credited the child care fees earned account.
As The monthly fee is $9,000 but we have to determine for 15 days, so it is
= $9,000 ÷ 2
= $4,500
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
The budgeted sales price is $ 12.00 per stapler, the variable costs are $ 2.00 per stapler, and budgeted fixed costs are $ 10,000. What is the budgeted operating income for 4,600 staplers?
Sales= 12*4,600= 55,200
Variable cost= 2*4,600= (9,200)
Contribution margin= 46,000
Fixed costs= (10,000)
Net operating income= 36,000
Answer:
Public disclosure test
Explanation:
The public disclosure test refers to the fact that companies have to care about what the public thinks about them. Before people used to say that the public disclosure test was like having your life broadcasted by television; Are we acting properly? What would happen if our actions were made public?
Nowadays the public disclosure test is much more common because everyone has and uses a smartphone. Everything is public now, a video showing a truck illegal disposing hazardous waste material would go viral in minutes and the company's reputation would be destroyed.
The type of externality where market equilibrium quantity produced will be more than socially optimal quantity in absence of governemtn intervention is Negative externality.
Let understand that whenever a production of good or service negatively affect the unrelated third party who is not directly involved in a market transaction, it is said that negative externality exists in the scenario.
A very good example of commonly cited Negative Externalities are air pollution and noise pollution which was caused during production an affects unrelated third party.
If there is presence of government intervention in the production, then, the production of goods or service will be halted.
Therefore, in conclusion, this type of externality is called the Negative Externality.
Read more about Negative Externality here
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