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3 years ago

8. As a generic legal term.

Business

1 answer:

Serga [27]3 years ago

7 0

Answer: C) Corporation

Explanation: A Corporation can be Simply defined as a legal entity who's privileges, liabilities and rights are different or separate from the group of person who created it. That is, if the business get sued to court, what ever the punishment or retribution is, it will not directly affect the owners but the business itself. If the company's car on duty accidentally crashed into a person's shop, the company will pay for it, not the driver or the owners of the business.

So corporation means any group of person with a legal entity.

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An individual consumes products X and Y and spends $36 per time period. The prices of the two goods are $3 per unit for X and $2

vekshin1

Answer:

a) 3X + 2Y = 36

b) X = 6 , Y = 9

c) 27

Explanation:

Individual consumes : X and Y

Spends : $36 per time period

unit cost : $3 per unit for X

$2 per unit for Y

utility function : U( X, Y ) = .5XY

A) Budget equation mathematically

X* Px + Y* Py = M

3X + 2Y = 36

Px and Py = unit cost for X and Y

M = Total spent ( revenue )

b) Values of X and Y that will maximize utility

Maximum utility ( MRS ) = Px / Py ,

MRS = MUx / MUy

= Y/X = 3/2

∴ 2Y = 3X

From BC : 6X = 36 ( X = 6 plug into mathematically equation above )

∴ X = 6 , hence Y = 9

c) Total utility generated per unit of time

U( X,Y ) = .5XY

= 0.5 * 6 * 9 = 27

6 0

2 years ago

If a company wished to alter a product's platform so that the product could be manufactured in a variety of forms, to meet local

kirill115 [55]

Answer:

Core components

Explanation:

In the product component model, the core component is the area concerned with what satisfies the needs and wants of customers.

If a company wishes to meet local differences in five foreign markets like un the question stated above, the core components contains what the customers in each of those five foreign markets are interested in.

The core components vary between markets. Market A, may like the color of the product in red and market B may like the color of the product in blue. So identifying these things and satisfying the needs of the customers would be done in the core component.

4 0

3 years ago

Inventory records for Marvin Company revealed the following:

motikmotik

"8.60" (and any subsequent words) was ignored because we limit queries to 32 words.

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3 years ago

Indigo, Inc. had net sales in 2020 of $1,471,700. At December 31, 2020, before adjusting entries, the balances in selected accou

Pani-rosa [81]

Answer:

December 31, 2020

Dr Bad Debt expense 18,690
Cr Allowance For Doubtful Accounts account 18,690

Explanation:

First we need to determine the total amount of uncollectible accounts receivable = $385,600 x 6% = $23,100

Then we must subtract the amount already recorded in allowance for doubtful accounts from our total uncollectible accounts = $23,100 - $4,410 = $18,690

We have to debit the difference and credit the contra asset account:

Dr Bad Debt expense 18,690

Cr Allowance For Doubtful Accounts account 18,690

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3 years ago

What is an Action Plan? An exercise program to increase your strength A list of goals that need to be reached to obtain a vision

gayaneshka [121]

Answer:

A list of specific steps needed to be done to reach a goal

Explanation:

An action plan shows the steps that must be taken to achieve a specified objective. It is a document that outlines the path that needs to be followed to meet the set goals. An action plan gives details on the of every step, and its relevance to attaining the overall goal.

The details contained in each step include

The financial resources required to accomplish the step
Source of the finance
The tasks that need to be performed
The individual to perform each task
The supervisor of the step
The desired outcome from the step

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3 years ago