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son4ous [18]
3 years ago
6

The purpose of business legislation is primarily based on​ ________. A. protecting the interests of society against unrestrained

business practices B. regulating and constraining companies C. punishing companies for unlawful behavior D. protecting companies from each other E. protecting consumers from unfair business practices
Business
1 answer:
Leviafan [203]3 years ago
4 0

Answer: A. protecting the interests of society against unrestrained business practices

Explanation: Business legislation are laws set in place that protects the interests of the society against unrestrained practices by businesses. In this, they protect consumers from business practices that are unfair, deceptive or fraudulent and businesses that break these legislations are often times subject to penalties and lawsuits. Some of these laws may include misleading advertisements among others. It is in the best interest of businesses to know and comply with these laws thus driving profitability and harmony with communities.

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Each of the following would be reported under operating activities except Select one: a. cash payments for interest expense. b.
Misha Larkins [42]

Answer:

cash receipts from sales of investments.

Explanation:

Operating activities are defined as activities that creates revenue and expenses in a business, and so are used to determine if a business is making a profit or loss. It includes activities directly related to providing goods and services to the consumer.

Cash reciepts form sale of investment such as stocks and bonds is classified as an investing activity. It is a positive investing activity because it involves inflow of cash.

This is not classified as an operating activity.

7 0
3 years ago
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1.the biggest problem when using metals or cowry shells for trading is____
Usimov [2.4K]
Number 1 should be B.
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3 years ago
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On January 1, Year 2, Kincaid Company's Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $76,000
trapecia [35]

Answer:

The effect the entry to recognize the uncollectible accounts expense for Year 2 will have on the elements of the financial statements are that it will reduce Accounts Receivable to $15,560 and the Allowance for Doubtful Accounts to $1,900 at the end of Year 2.

Explanation:

Credit sales estimated to be uncollectable = Credit sales * Estimated percentage uncollectable = $215,000 * 1% = $2,150

Ending account receivable = Beginning accounts receivable + Credit sales - Cash collected - Receivales written off as uncollectable - Credit sales estimated to be uncollectable = $76,000 + $215,000 - $271,100 - $2,100 - $2,150 = $15,560

Ending Allowance for Doubtful Accounts = Beginning Allowance for Doubtful Accounts - Allowance for Doubtful Accounts - Receivales written off as uncollectable = $4,000 - $2,100 = $1,900

Therefore, the effect the entry to recognize the uncollectible accounts expense for Year 2 will have on the elements of the financial statements are that it will reduce Accounts Receivable to $15,560 and the Allowance for Doubtful Accounts to $1,900 at the end of Year 2.

8 0
3 years ago
.3Simba and Zola are married but file separate returns. Simba received $80,000 of salary and $1,200 of taxable dividends on stoc
Sidana [21]

Answer:

Zola's gross income is worked out under community property state;

Explanation:

community property state

Dividends ($1200/2)                               $600

Interest on certificate of deposit  ($900/2)     $450

Salary               ($80,000/2)                          $40,000

Gross income                                         $41,050

Under community law system, all the property is deemed to be community property and is held jointly by the spouses unless the property is acquired before marriage or inheritance or gift.

For federal tax purposes, each spouse is taxed one and half of the property belonging to community. Therefore Zola is taxed 50% for the incomes of her spouse as well including the interest on certificate of deposit.

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3 years ago
Which of the following is a type of program that is designed to collect information about you and send it to a remote user witho
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Are there choices for this question?

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