Answer:
$20,000
Explanation:
The problem simply asks for Eng's initial capital balance in Cor-Eng partnership and it is just Eng's <u>contributed cash of $2,000</u> to form the partnership.
No need to dwell on the other amounts. Just focus on what was being asked and you'll not get lost ^_^
It should be noted that the inefficient allocation if resources is market failure.
<h3>What is market failure? </h3>
It should be noted that market failure simply means the inefficient distribution of goods and services.
Market failure is the the inability of a market to bring about the allocation of resources that best satisfies the wants of society.
Learn more about market failure on:
brainly.com/question/368647
Answer:
A
Explanation:
Discretionary fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise.
Discretionary fiscal policies can either be expansionary or contractionary
Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes.
If taxes are cut, disposable income increases and demand increases. this is an example of demand side
On the other hand, if a replacement project is undertaken, the demand for labour increases. this is an example of supply side
Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing spending or increasing taxes
Answer:
d. $216,200 to Land; $0 to Building.
Explanation:
<u>Calculation of Cost of the land </u>
Purchase price $191,000
Real estate commissions $16,600
Legal fees $2,400
Expenses of clearing the land $3,600
Expenses to remove old building <u>$2,600</u>
Cost of the land <u>$216,200</u>
<u></u>
<u>Calculation of Cost of Building</u>
0.
I suggest looking up the definition of each of them. Write them down when your doing it. The answer to your question though is A. Entrepreneurs.
