Answer:
Usually, when a price ceiling is imposed, the demand for the product goes up. This can cause a shortage of products because of their high-demand. Conversely, the opposite occurs when a price floor is imposed.
Answer:
$165,000
Explanation:
The computation of the amount of over- or underapplied overhead is shown below:
The Predetermined overhead rate is
= Predetermined overhead ÷ direct labor cost
= ($300,000 ÷ $200,000)
= 150% of direct labour cost
Now
overhead applied is
= (150% × $280,000)
= $420,000
And,
Actual overhead=$255,000
So,
overhead overapplied is
= $420,000 - $255,000
= $165,000
Answer: (4) Any form of life insurance
Explanation:
According to the given question, any type of the life insurance policy are used for purpose of funding the interest financially of deceased partner.
In this type of life insurance policy we made an agreement between the holder of life insurance policy and the insurer based on the critical or terminal illness of the person.
It is basically used into the form of two types that is whole life or for the short term contract basis. Therefore, Option (4) is correct.
Answer:
sole proprietorship
Explanation:
A sole proprietorship is the most common form of business organization. It's easy to form and offers complete control to the owner
