The members of OPEC that would be in favor of high prices due to the small oil reserves that they have would be the countries in Africa
- Ecuador
- Angola
- Tunisia
- Gabon
<h3>What is OPEC?</h3>
This is an organization of the petroleum producing countries of the world.
Due to a rise in the oil prices now, these nations would most likely be favored in the sales of their products
Read more on OPEC here: brainly.com/question/26412451
Answer:
The journal entry for the following economic activity is given below.
Explanation:
Interest revenue = 6000*12% * 91/360 = 182
Date Account Title Dr Cr
Oct 31 Cash 6,180
Notes receivable 6,000
Interest revenue 180
Answer:
a) Ownership rights cannot be easily transferred. - True
b) Ownership rights cannot be easily transferred. - False
c) Owners have unlimited liability for corporate debts. - False
d) Capital is more easily accumulated than with most other forms of organization. - True
e) Corporate income that is distributed to shareholders is usually taxed twice. - True
f) It is a separate legal entity. It has a limited life. - False
g) Owners are not agents of the corporation. - True
Explanation:
A corporation is an organization established by the issuance (and purchase) of shares. It is identified as a separate legal entity from the owners and the liabilities of the owners is limited to the amount invested (in form of shares or stock). Ownership rights can easily be transferred through various means. One of such means is the sale of shares or stock in the secondary market.
The company pays company income tax on income earned while the shareholders (owners) also paid tax on dividend income. It has an unlimited life and is expected to continue to perpetuity.
The board of directors, managers of the company are the agents of the corporation acting on behalf of the owners.
As a strategy, market penetration is used when the business seeks to increase sales growth of its existing products or services to its existing markets in order to gain a higher market share.
Answer:
Fixed weekly pay
Explanation:
The Walling v. A.H. specified weekly salary for variable employees job challenge for flexible workers Ruling document of the Belo Company Supreme Court. Workers who work varying workweeks receive a set wage, irrespective about how many times per week may work. For starters, if they operated 35 or 40 hours, the employee should receive the same weekly wage. Therefore, the hourly wage of a salaried employee differs depending according to how many hours they work.
