Answer:
True
Explanation:
The reason why every business exists is to make a profit. Hopefully businesses will be able to make a profit by selling products or services that satisfy the needs of their customers. The problem with higher profits is that they are always associated with higher risks, and business owners and investors are risk averse.
Business owners and managers will continually search for ways to increase their profits while keeping the risks as low as possible. This includes choosing organizational layouts and forms that might help them increase their profits while reducing risks or at least keeping them under a certain level.
Texas will produce less oil because when the price rises, buyers want less because the price is too high. There might even be an exploration in the Golf of Mexico and justification for pumping water pressure into old wells to get remaining oil.
Answer:
Using the straight-line method, depreciation expense for the second year would be: $29,600
Explanation:
Depreciation Straight Line Method= Cost - Salvage Value/ Useful Life
Wickland Company
Cost of machine $154,000
Residual value of $6,000
Useful Life = 5 years
Formula
Depreciation Straight Line Method= Cost - Salvage Value/ Useful Life
Working:
Depreciation Straight Line Method= $154,000 -$6,000/5
Depreciation Straight Line Method= 148,000 /5
Depreciation Straight Line Method=$ 29,600
Using the straight-line method, depreciation expense for the second year would be: $29,600
The straight line depreciation method assigns equal depreciation to the machinery. So the depreciation for the five years would be the same amounting to $ 29,600 every year.
Answer:
Laissez-faire capitalism
Explanation:
Laissez-faire capitalism allows very little room for the national government to regulate trade or restrict the use of private property, even in the public interest. Americans strongly embrace capitalism, but they do endorse some restrictions in the interest of protecting the public.
Interest is most likely the answer
