The answer to the statement is yes. It is because laws are important to promote fairness and peace. Laws are established to get things done in order and in different places and environment, there are different laws to be followed in which the statement above is related to it.
Answer:
Net income = $180,000
- salaries = ($30,000 + $35,000 + $10,000 = $75,000)
adjusted net income = $105,000
the adjusted net income must now be divided equally between the 3 partners:
- Bonnie: $35,000
- Clyde: $35,000
- daughter: $35,000
Their yearly gross income:
- Bonnie: $35,000 + $30,000 = $65,000
- Clyde: $35,000 + $35,000 = $70,000
- daughter: $35,000 + $10,000 = $45,000
total taxable income = $65,000 + $70,000 + $45,000 = $180,000
Answer:
The price of goods needs to be increased.
Explanation:
Excess demand occurs when the quantity demanded is higher than the quantity supplied. This happens when the price of the good is lower than the equilibrium price. This can happen naturally in the market, or can happen if the government imposes a binding price floor.
The best way to solve excess demand is to raise the price, in order to reach equilibrium. Once in equilibrium, the price will coordinate the quantity supplied and the quantity demanded so that they're roughly equal.
Answer:
Applied Overhead is higher than actual overhead. Hence, manufacturing overhead is $ 4,000
Explanation:
Given data:
estimated overhead = $2,40,000
Labor cost =$2,80,000
Direct labor cost = $3,00,000
= $ 0.80 per direct labor cost
=$ 2,24,000
Actual Overhead cost = $ 2,20,000
Applied Overhead is more than actual overhead. Hence, manufacturing overhead is $ 4,000.
Answer:
Incubators
Explanation:
In north american context the incubators refers to small places for business provided on low rent.
Basically in the given context, the space for new shops for businesses is given by state and city government, this clearly states that because of involvement of government the prices of such place would be really low as compare to private rental spaces.
This provides that because of this facility incubators will grow.
